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Global Surgical Sutures And Staples Market Comprehensive Study: Forecasted Market Size And Growth Rate | Ethicon Endo-Surgery Inc., Stryker Corporation, Smith & Nephew plc, Conmed Corporation, Medtronic plc, Johnson & Johnson, B.Braun Melsungen AG, Baxter
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Surgical Sutures And Staples Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The surgical sutures and staples market size has grown strongly in recent years. It will grow from $13.48 billion in 2023 to $14.7 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to aging population, surgical procedure volumes, healthcare infrastructure, minimally invasive surgery (mis).
The surgical sutures and staples market size is expected to see strong growth in the next few years. It will grow to $20.27 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to emerging markets growth, biodegradable and bio-absorbable products, telemedicine and remote surgery, value-based healthcare. Major trends in the forecast period include technological advancements, customized suture solutions, 3d printing and nanotechnology, digital health integration.
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Market Segmentation:
The main types of surgical sutures and staples are surgical sutures and surgical staples. Surgical staples are specialized staples utilized in surgery in place of sutures to close skin wounds or connect or remove parts. The surgical staples include disposable surgical staplers and reusable surgical staplers. The surgical sutures are absorbable and non-absorbable. The various end-users are hospitals, ambulatory surgical centres (ASCS), and clinics.
Major Driver - Increase In Surgical Procedures Boosts Surgical Suctures And Staples
The increase in the number of surgical procedures across the globe is an important driver for the surgical sutures and staples market. This is mainly because surgeries are an important treatment procedure used to repair an injury, relieve symptoms, restore function, remove diseased organs, or replace anatomical parts of the body. Moreover, surgeries are also performed under emergency conditions such as trauma, fracture, and acute infection. For instance, according to the US Department of Health & Human Services, there were 22 million surgeries performed in the US out of which 52.7% were in outpatient surgeries. It is estimated that 234 million surgeries are performed throughout the world every year.
Competitive Landscape:
Major companies operating in the surgical sutures and staples market include Ethicon Endo-Surgery Inc., Stryker Corporation, Smith & Nephew plc, Conmed Corporation, Medtronic plc, Johnson & Johnson, B.Braun Melsungen AG, Baxter International Inc., Alcon Laboratories Inc., Dextera Surgical Inc., Becton, Dickinson and Company, Cardica Inc., Purple Surgical Inc., Welfare Medical Ltd., Reach surgical Inc., Meril Life Science Pvt. Ltd., Frankenman International, Boston Scientific Corporation, Zimmer Holdings Inc., Intuitive Surgical Inc., CareFusion Corporation, 3M Company, CryoLife Inc., Derma Sciences Inc., DeRoyal Industries Inc., Teleflex Incorporated, DemeTECH Corporation, Sutures India Pvt. Ltd., Péters Surgical, EndoEvolution LLC, Surgical Specialties Corporation, Dolphin Sutures, Internacional Farmacéutica S.A. de C.V., AD Surgical, Apollo Endosurgery Inc., Assut Medical Sarl, Aspen Surgical Products Inc.
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Top Trend - Disposable Devices Revolutionizing Surgical Sutures And Staples Market
The use of disposable surgical sutures and staple devices is an emerging trend in the surgical sutures and staples market. This is mainly due to heightened concerns regarding communicable infections associated with the use of reusable sutures and staple devices for surgeries. Disposable surgical sutures and staple devices are designed in such a way that they are discarded after one use and cannot be reused. In this regard, the Centers for Disease Control and Prevention (CDC) provides protocols to prevent the spread of pathogens and promotes the use of disposable devices.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Surgical Sutures And Staples Market Characteristics
3. Surgical Sutures And Staples Market Trends And Strategies
4. Surgical Sutures And Staples Market - Macro Economic Scenario
5. Surgical Sutures And Staples Market Size And Growth
…..
27. Surgical Sutures And Staples Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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