Surgical Sutures Market to Showcase Growth at a Remarkable CAGR of 5.6% by 2027 | $6.11 Bn

Surgical Sutures Market by Type (Automated Suturing Devices and Sutures), Material (Monofilament and Multifilament), Application (Cardiovascular Surgeries, General Surgeries, Gynecological Surgeries, Orthopedic Surgeries, and Ophthalmic Surgeries): Global Opportunity Analysis and Industry Forecast, 2020-2027.

The global surgical sutures industry generated $4.35 billion in 2019, and is expected to garner $6.11 billion by 2027, witnessing a CAGR of 5.6% from 2020 to 2027.

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Covid-19 Scenario

Many hospitals have postponed the selected surgeries due to eliminating possibility of cross-contaminations and allocation of resources to Covid-19 wards. Only those surgeries that were extremely necessary were conducted.

Surgical procedures have been reduced significantly as many patients delayed their surgeries after consultation with their doctors. This reduced the demand for surgical sutures.

The demand would rise steadily as the pace of surgeries conducted in hospitals increases and the number of coronavirus-infected patients decreases.

Surgical sutures or stitches use surgical threads and suturing devices to hold the tissues together to repair wounds and surgical incisions. Sutures must be strong and flexible so that they can be knotted and tied easily. They should be water & fluid resistant and biocompatible to prevent the spread of infection and/or any adverse reaction on the body. The major factors that drive the growth of this market include rise in adoption of technologically advanced products, surge in ageing population & related increase in incidence of various chronic diseases, increase in awareness about healthcare, and rise in number of hospitals across the globe. However, pitfalls such as incompetent quality assurance, lack of proper sterilization, and dearth of skilled professionals & technicians are expected to hinder the surgical suture market growth during the forecast period.

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Key findings of the study

In 2019, suture was the leading segment, accounting for 84% of the suture market, and is projected to grow at a CAGR of 5.50% during the forecast period.

North America accounted for the share of 48.41% of the global surgical suture market in 2019, and is projected to grow at a CAGR of 5.10%.

U.S. is the major shareholder, accounting for 91.09% share of the North American surgical suture market in 2019.

Leading market players

Johnson & Johnsons
B. Braun Melsungen AG
Smith & Nephew
Demetech Corporation
Conmed Corporation
W.L. Gore & Associates
Boston Scientific
Medtronic Inc.
Healthium MedTech
Peters Surgical
Surgical Specialties Corporation

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