Surgical Sutures Market to Generate CAGR of 6.50% by 2031, Owing to Rise in Demand for Surgeries

Surgical Suture Market Size, Share, Growth Analysis, By Product (Suture Threads, Automated Suturing Devices), By Type (Multifilament Sutures, Monofilament Sutures), By Application (Cardiovascular Surgery, General Surgery), By End User (Hospitals, Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031
Surgical Sutures Market [https://www.skyquestt.com/report/surgical-suture-market] size was valued at USD 3.5 billion in 2022 and is poised to grow from USD 3.73 billion in 2023 to USD 6.17 billion by 2031, growing at a CAGR of 6.50% during the forecast period (2024-2031).

Several significant factors are expected to promote the growth of the global surgical sutures market. These include an aging population that is putting additional stresses on healthcare systems, rising chronic diseases requiring surgery, advancements in sutures used and their application procedures, and a focus on less invasive procedures. For instance, as projected in the ISAPS Global Survey 2022, plastic surgeons would perform around 14.9 million surgical and 18.8 million nonsurgical interventions globally in 2022 and a total overall increase of 11.2% in operations. Moreover, an increasingly prevalent lifestyles disease due to sedentary lifestyles is contributing to the increasing need for surgical sutures. Increasing rates of lifestyle diseases, including cancer, mental illness, ischemic heart disease, and cerebrovascular diseases among others, in the globe are driving up the demand for surgical sutures.

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Absorbable Sutures Driving Change in Postoperative Care

Absorbable sutures are becoming popular due to their ability to reduce problems such as wound dehiscence and infection. They result in slow body dissolution, thus reducing the need for a follow-up treatment to extract them, which might seem uncomfortable to patients and slow speed of recovery. With increasing knowledge of the benefits absorbable sutures have in reducing postoperative complications and improving outcome, demand will steeply escalate over the next few years. This trend fits into a larger wave of surgical treatments that are patient-friendly and effective.

For instance, Ethicon, Inc., subsidiary of Johnson & Johnson, in February 2021 announced a new product launch by them, namely, V-LocTM PBT Absorbable Suture, which promises to bring about high strength as well as secure closure of wounds during various types of surgical operations.

Evolving Competitive Arena of Surgical Sutures

The surgical suture market is highly fragmented, and hundreds of companies operating in the market have created it. Though major companies dominate the market, an extensive sectoral presence in it is supported by many other small players. Regarding competitor rivalry, the competition in the surgical suture market is based on product quality, innovation, pricing, distribution channels, and level of customer service. This affects, among many other things, the market, and this spending on healthcare, the prevalence of chronic diseases, and the aging population. The companies operating in this market are spending more money on R&D to produce new innovative products to increase their share in the market.

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How Major Players Are Shaping the Future of Surgical Sutures

Recent trends among the market leaders in the surgical sutures market point towards an innovative growth dynamic phase. Market majors still focus on better quality through improvement in product lines, expansion of portfolios with better features through advanced technologies in sutures and improvement in their networks to increase competition levels. Such a focus is driven by increasing healthcare needs, technological advancements and changing patient expectations. The market is experiencing tremendous transitions in terms of upgradation of surgical outcomes and operational efficiency due to the entry of major players into R&D.

Key Innovations by Market Players

* In May 2021, Medtronic plc. closed its acquisition of privately held interventional medicine company Medicrea International SAS. On that account, the Company would enlarge the portfolio of surgical technologies, for example, with the sutures.
* In March 2021, B. Braun Melsungen AG launched a new Monomax sutures product line on the European market. The fact that Monomax is a synthetic absorbable suture with high tensile strength and assured knot security reinforces its significant position in the market.
* In February 2021, V-LocTM PBT Absorbable Suture was first introduced from its parent company, Johnson & Johnson, to the market by Ethicon, Inc. for surgical wound closures with very high strength and security.

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This report covers the following segment:

A. Product

* Absorbable Sutures
* Non-Absorbable Sutures

B. Application

* Cardiovascular Surgery
* General Surgery
* Gynecological Surgery
* Orthopedic Surgery

C. Filament

* Monofilament
* Multifilament

D. End User

* Hospitals
* ASC
* Clinic

This report covers following players:

* 3M Healthcare
* Conmed Corporation
* Sutures India
* Teleflex Medical
* Dolphin Sutures
* Smith & Nephew
* Medtronic
* Johnson & Johnson
* Peters Surgical
* Mellon Medical B.V.
* Aspide Medical
* EndoEvolution, LLC
* Boston Scientific Corporation
* B.Braun Melsungen AG
* Internacional Farmaceutica

The Global Surgical Sutures Market experiences a growth rate never witnessed before globally during the forecast period. Major growth stimulators for the market include growing incidence of chronic diseases, rise in surgical procedures, and increase in the adoption of advanced medical technology. Rising demand for minimally invasive surgeries will positively impact market growth.

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Related Report:

Surgical Devices Market

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