Surgical Sutures Market to Reach USD 7.11 Bn by 2030, Growing at 6.1% CAGR

𝐒𝐮𝐫𝐠𝐢𝐜𝐚𝐥 𝐒𝐮𝐭𝐮𝐫𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

The global surgical sutures market is experiencing substantial expansion, driven by advancements in medical technology, an increase in surgical procedures, and a growing emphasis on patient safety. In 2023, the market was valued at approximately USD 4.70 billion and is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030.

𝐒𝐮𝐫𝐠𝐢𝐜𝐚𝐥 𝐒𝐮𝐭𝐮𝐫𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Surgical sutures are essential medical devices used to close wounds and facilitate healing post-surgery. The rising prevalence of chronic diseases necessitating surgical interventions, coupled with technological innovations in suture materials and designs, are key factors propelling market growth. Additionally, improvements in healthcare infrastructure worldwide contribute to the increasing demand for surgical sutures.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐰𝐡𝐚𝐭'𝐬 𝐢𝐧𝐬𝐢𝐝𝐞: https://www.maximizemarketresearch.com/request-sample/16660/

𝐒𝐮𝐫𝐠𝐢𝐜𝐚𝐥 𝐒𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝑺𝒖𝒓𝒈𝒊𝒄𝒂𝒍 𝑺𝒖𝒕𝒖𝒓𝒆𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝑽𝒊𝒆𝒕𝒏𝒂𝒎:

Vietnam is witnessing a surge in medical tourism, leading to an increased number of surgical procedures. This trend presents significant opportunities for the surgical sutures market, as healthcare facilities upgrade their surgical capabilities to meet international standards.

𝑺𝒖𝒓𝒈𝒊𝒄𝒂𝒍 𝑺𝒖𝒕𝒖𝒓𝒆𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝑻𝒉𝒂𝒊𝒍𝒂𝒏𝒅:

Thailand's well-established medical tourism industry has resulted in a high volume of surgical procedures, particularly in cosmetic and elective surgeries. This growth trajectory is expected to continue, bolstering the demand for advanced surgical sutures.

𝑺𝒖𝒓𝒈𝒊𝒄𝒂𝒍 𝑺𝒖𝒕𝒖𝒓𝒆𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑱𝒂𝒑𝒂𝒏:

In Japan, the adoption of robotic-assisted surgeries is on the rise, necessitating specialized suturing techniques and materials. The country's focus on technological innovation in healthcare is driving the development and utilization of advanced surgical sutures.

𝑺𝒖𝒓𝒈𝒊𝒄𝒂𝒍 𝑺𝒖𝒕𝒖𝒓𝒆𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑪𝒐𝒏𝒔𝒐𝒍𝒊𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑺𝒐𝒖𝒕𝒉 𝑲𝒐𝒓𝒆𝒂:

South Korea's healthcare sector is experiencing consolidation, with major medical centers expanding their services. This consolidation enhances the capacity for complex surgical procedures, thereby increasing the demand for high-quality surgical sutures.

𝑺𝒖𝒓𝒈𝒊𝒄𝒂𝒍 𝑺𝒖𝒕𝒖𝒓𝒆𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑼𝒑𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑺𝒊𝒏𝒈𝒂𝒑𝒐𝒓𝒆:

Singapore is updating its healthcare infrastructure with state-of-the-art surgical facilities. The emphasis on minimally invasive surgeries in these updated facilities is driving the need for specialized suturing products.

𝑺𝒖𝒓𝒈𝒊𝒄𝒂𝒍 𝑺𝒖𝒕𝒖𝒓𝒆𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑬𝒙𝒑𝒂𝒏𝒔𝒊𝒐𝒏 𝒊𝒏 𝑼𝒏𝒊𝒕𝒆𝒅 𝑺𝒕𝒂𝒕𝒆𝒔:

The United States maintains a significant share of the surgical sutures market, attributed to its advanced healthcare system and high volume of surgical procedures. The market is expanding with continuous innovations and the adoption of new suturing technologies.

𝑺𝒖𝒓𝒈𝒊𝒄𝒂𝒍 𝑺𝒖𝒕𝒖𝒓𝒆𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑫𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝒊𝒏 𝑪𝒉𝒊𝒏𝒂:

China is developing its healthcare services to cater to a vast population, leading to an increase in surgical interventions. The government's focus on healthcare reforms and investments is fostering the growth of the surgical sutures market.

𝑺𝒖𝒓𝒈𝒊𝒄𝒂𝒍 𝑺𝒖𝒕𝒖𝒓𝒆𝒔 𝑴𝒂𝒓𝒌𝒆𝒕 𝑨𝒅𝒗𝒂𝒏𝒄𝒆𝒎𝒆𝒏𝒕𝒔 𝒊𝒏 𝑬𝒖𝒓𝒐𝒑𝒆:

European countries are advancing in surgical techniques, with a growing preference for absorbable sutures due to their benefits in reducing patient discomfort and eliminating the need for suture removal. This advancement is contributing to market growth in the region.

𝐊𝐞𝐲 𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

The surgical sutures market has seen significant mergers and acquisitions aimed at enhancing product portfolios and expanding market reach. For instance, in 2019, 𝐁𝐨𝐬𝐭𝐨𝐧 𝐒𝐜𝐢𝐞𝐧𝐭𝐢𝐟𝐢𝐜 acquired 𝐕𝐞𝐫𝐭𝐢𝐟𝐥𝐞𝐱 for $465 million, expanding its portfolio of pain management products, including surgical sutures. Similarly, 𝐄𝐭𝐡𝐢𝐜𝐨𝐧, a subsidiary of 𝐉𝐨𝐡𝐧𝐬𝐨𝐧 & 𝐉𝐨𝐡𝐧𝐬𝐨𝐧, acquired the 𝐓𝐚𝐜𝐡𝐨𝐒𝐢𝐥 𝐅𝐢𝐛𝐫𝐢𝐧 𝐒𝐞𝐚𝐥𝐚𝐧𝐭 𝐏𝐚𝐭𝐜𝐡 𝐟𝐫𝐨𝐦 𝐓𝐚𝐤𝐞𝐝𝐚 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐩𝐚𝐧𝐲for $400 million, enhancing its range of surgical sutures and related products.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/16660/

𝐒𝐮𝐫𝐠𝐢𝐜𝐚𝐥 𝐒𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝒃𝒚 𝑻𝒚𝒑𝒆

Absorbable
Non-absorbable

Because of its ability to provide wounds with temporary support while they heal and its aptitude to withstand normal stress, the absorbable category had the greatest revenue share by type in 2023, accounting for nearly 56% of total sales. Additionally, the need for absorbable sutures is always rising, which may be connected to their natural degradability. Leading market participants are therefore investing in R&D, which should help the absorbable industry expand in the future. Non-absorbable sutures have a smaller market share than absorbable sutures since they cannot break down or degrade. When absorbable sutures cannot meet acceptable standards, these sutures are mostly utilised in severe interior locations. These sutures are mostly used for long-term closures or in tissues that recover slowly.

𝒃𝒚 𝑭𝒊𝒍𝒂𝒎𝒆𝒏𝒕

Cardiovascular Surgery
General Surgery
Gynecological Surgery
Orthopedic Surgery
Ophthalmic Surgery
Cosmetic & Plastic Surgery
Other

With a sales share of more than 50% in 2023, Filament's multifilament category led the market. The multifilament sector is also anticipated to develop at the fastest rate during the projection period. This is because of the advantages of the multifilament strands, which include increased flexibility, pliability, and tensile strength. Monofilament sutures are challenging to work with because of their endurance, which can lead to unintended and early suture failure during surgery, as well as suture crushing or crimping. Monocryl, nylon, prolene, and polydioxanone are among the materials used to make monofilament sutures. These sutures have poor knot security, but they are less likely to produce infection. These factors are restricting the growth of monofilament sutures.

𝒃𝒚 𝑨𝒑𝒑𝒍𝒊𝒄𝒂𝒕𝒊𝒐𝒏

Cardiovascular Surgery
General Surgery
Gynecological Surgery
Orthopedic Surgery
Ophthalmic Surgery
Cosmetic & Plastic Surgery
Other

With a revenue share of more than 41% in 2023, the other segment led the surgical suture market by application. The segment that generated the second-largest revenue share in 2023 was cardiovascular surgery. This is because cardiac problems are quite common, there is sufficient competence in the sector, reimbursement conditions are favourable, and diagnostics have advanced. Throughout the projection period, the demand for surgical sutures will rise as a result of the significant increase in cardiac surgeries. In 2023, orthopaedic surgery became the third-largest application field, and it is anticipated to expand quickly over the next several years. This is because more people are getting into traffic accidents, which is causing more orthopaedic injuries.

𝒃𝒚 𝑬𝒏𝒅-𝑼𝒔𝒆𝒓

Hospitals
Ambulatory Surgical Centers (ASCs)
Clinics & Physician Offices

𝐓𝐨 𝐝𝐞𝐥𝐯𝐞 𝐝𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐭𝐨 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐤𝐢𝐧𝐝𝐥𝐲 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/request-sample/16660/

𝐒𝐮𝐫𝐠𝐢𝐜𝐚𝐥 𝐒𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

1. Medtronic plc (US)
2. Johnson & Johnson (US)
3. Sutumed (US)
4. Vital Sutures (US)
5. Unilene (US)
6. Riverpoint Medical (US)
7. CONMED Corporation (US)
8. Boston Scientific Corporation (US)
9. DemeTECH Corporation (US)
10. Stryker Corporation (US)
11. Zimmer Biomet (US)
12. Advanced Medical Solutions Group plc (UK)
13. Smith & Nephew (UK)
14. B. Braun Melsungen (Germany)
15. Peters Surgical (France)
16. Genia SA (France)
17. Mellon Medical (Netherlands)
18. Biosintex (Romania)
19. Dolphin Sutures (India)
20. Healthium MedTech (India)
21. GPC Medical (India)
22. Lotus Surgicals (India)
23. CPT Sutures (Vietnam)
24. ARC Medical Supplies(Beijing) Co., Ltd. (China)
25. Tagumedica SA (Peru)

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