USA Knotless Surgical Sutures Market on a Growth Trajectory: Projected to Reach US$ 258.7 Million by 2033 | Future Market Insights

According to Future Market Insights research, the USA market for Knotless Surgical Sutures in the United States is estimated to develop at a CAGR of 3.6% during the forecast period. The market value is expected to rise from 181.0 million US$ in 2023 to US$ 258.7 million by 2033. The USA Knotless Surgical Sutures market was valued at US$ 175.7 million at the end of 2022 and is expected to rise 3.1% year on year in 2023.

Leading companies are inclined towards extensive research in order to develop new and improved versions of Knotless Surgical Sutures. These include sutures with synthetic materials to provide exceptional tissue holding properties, sutures with properties like antibacterial or Triclosan-coated polyglactin 910 coated sutures, barbed sutures, sutures with braiding technologies, or absorbable sutures made of fibresthat line animal intestines or artificially created polymers.

In July 2022, Dolphin Sutures launched a range of antibacterial sutures in order to reduce surgical site infection prevalence.

The rise in disposable income is expected to be another important factor driving the growth of the Knotless Surgical Sutures market. Increasing disposable income enables an excellent growth opportunity for surgical suture manufacturers to connect with potential end users.

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Rising disposable income can fuel investments in research and development within the healthcare industry. Higher disposable income enables companies to invest in innovation, improving the quality and effectiveness of Knotless Surgical Sutures.

These factors are fueling the expansion of the USA Knotless Surgical Sutures market.

Key Takeaways from Market Study

Absorbable surgical sutures are the leading products and held about 61.0% market share in 2022. Absorbable sutures are commonly used for internal tissues that heal relatively quickly or in areas that are difficult to access for suture removal.
By raw material, polyglactin absorbable surgical sutures are the predominant type and are significantly linked to high biocompatibility, versatility and convenient handling characteristics, and held about 22.4% market share in 2022.
The synthetic source segment held the dominant market share of 51.3%, as it eliminate the need for tying knots, which can significantly reduce the time required for suturing.
Cardiovascular procedures held the dominant market share of 32.2%, as the number of cardiovascular procedures are rising in the USA
Hospital laboratories segment by end user accounted for a revenue share of 34.9% in the USA market at the end of 2022. Hospital laboratories are important in evaluating the performance and characteristics of various sutures which assess factors such as suture strength, biocompatibility, and tissue response
By state, Northeast is leading in the USA knotless sutures market and is expected to continue to do so with a projected CAGR rate of 5.0% during the forecasted years.

Market Competition

Key companies in the USA Knotless Surgical Sutures market are pursuing market expansion by utilizing growth methods like collaborations, agreements, and acquisitions. These businesses place a high priority on boosting sales efforts and using new technologies to create cutting-edge products.

In May 2022, Medtronic plc announced that it had successfully acquired Intersect ENT, adding cutting-edge products that are being used to treat nasal polyps and into the sinus operations to enhance post-operative outcomes and to the company's comprehensive ENT portfolio.
Two new contracts for Ethicon sutures, endo-mechanicals, and trocars were announced in March 2018 by Intalere, a leader in the healthcare sector in terms of achieving optimal cost, quality, and clinical outcomes.

Key Companies Profiled

-Medtronic
-B. Braun Melsungen AG
-Teleflex Incorporated
-Johnson & Johnson (Ethicon)
-CONMED Corporation
-Corza Medical
-CP Medical
-DemeTECH Corporation
-Sutumed
-DSI Dental Solution
-Golnit Sutures
-Vital Sutures
-Atramat

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the USA Knotless Surgical Sutures market in its latest study, presenting a historical demand assessment of 2015 to 2022 and projections for 2023 to 2033. The USA Knotless Surgical Sutures market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

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Key Segments Covered in Knotless Surgical Sutures Industry Research

By Product:

-Absorbable Surgical Sutures
-Non- Absorbable Surgical Sutures

By Raw Material:

-Polyglycolic Acid Absorbable Surgical Suture
-Polyglactin Absorbable Surgical Sutures
-Catgut Absorbable Surgical Sutures
-Poliglecaprone Absorbable Surgical Sutures
-Polydioxanone Absorbable Surgical Sutures
-Polypropylene Non-Absorbable Surgical Sutures
-Nylon (poylamide) Non-Absorbable Surgical Sutures
-Polyester Non-Absorbable Surgical Sutures
-Polyvinylidene fluoride(PVDF) Non-Absorbable Surgical Sutures
-Silk Non-Absorbable Surgical Sutures
-Stainless Steel Non-Absorbable Surgical Sutures

By Source:

-Natural
-Synthetic
--Monofilament
--Braided
-Coated
-Uncoated

By Application:

-Cardiovascular Procedures
-General Surgery Procedures
-Ophthalmic Procedures
-Orthopedic Procedures
-Dental Procedures
-Gastroenterology Procedures
-Gynecology Procedures
-Plastic Surgery Procedures
-Veterinary Procedures

By End User:

-Hospital Laboratories
-Specialized Clinics
-Ambulatory Surgical Centers
-Veterinary Hospitals
-Veterinary Clinics

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.