Global Surgical Sutures Market: Snapshot
The global surgical sutures market is envisaged to gather pace in terms of growth as the incidence of hernia, trauma, and soft tissues, skin, and breast-related conditions continues to see a rise. In addition, increasing prevalence of musculoskeletal disorders and constant rise in geriatric population could create profit-making opportunities in the global surgical sutures market. On the other hand, increasing number of peripheral vascular surgeries is expected to raise demand in the global surgical sutures market.
Anticipated to register a 3.9% CAGR between 2017 and 2025, the global surgical sutures market could present an incremental opportunity worth a US$5.0 bn during the said forecast period.
Lower Risk of Wound Infection to Stoke Demand for Absorbable Surgical Sutures
On the basis of end user, the global surgical sutures market is classified into ambulatory surgical centers, specialty clinics, and hospitals. Among these, hospitals are foreseen to become a prominent segment of the global surgical sutures market. Developing countries witnessing an increase in the number of new hospitals, promising reimbursement policies, and rising count of complicated surgeries performed in hospitals could support the growth of this segment for the next few years.
By application, the global surgical sutures market sees a classification into orthopedic, cardiovascular, gynecological, general, and other surgeries. Among these, cardiovascular surgeries are prophesied to account for an impressive share of the global surgical sutures market. High incidence of cardiovascular diseases and increase in the number of cardiovascular surgeries performed could set the tone for significant growth of this segment in the global surgical sutures market.
By product, the global surgical sutures market is divided into non-absorbable and absorbable sutures. Among the two, absorbable sutures are predicted to collect a lion’s share of the global surgical sutures market. In 2016, the segment accounted for a 60.0% share of the global surgical sutures market. Absorbable sutures are largely popular among end users as they lower the risk of wound infection. On the other hand, non-absorbable sutures are used in applications that require long-term support. However, their uptake is limited due to the high risk of side effects. Nevertheless, they could be used in specialized applications such as cardiovascular surgeries.
North America to Take Lead as Demand for Advanced Treatments Increases
From a geographical perspective, the surgical sutures market is prognosticated to find North America ranking higher in relation to revenue growth. The region bagged a 35.0% share of the global surgical sutures market in 2016. Rising demand for advanced treatments, increasing number of surgeries, and high incidence of cardiovascular diseases could prove beneficial for the surgical sutures market in the region.
Asia Pacific could also show promising growth in the global surgical sutures market as it rises at a steady CAGR during the aforementioned forecast period. Factors such as increasing incidence of lifestyle-related diseases, low cost of treatment, growing medical tourism, and rising awareness among end users are expected to create lucrative prospects in the Asia Pacific surgical sutures market.
The global surgical sutures market marks the presence of leading players such as Medtronic Plc., Integra LifeSciences Corp., and Teleflex Inc.
Global Surgical Sutures Market: Overview
A surgical suture is primarily a medical tool or equipment used to close cutaneous wounds in the course of a surgical procedure. It is also utilized to stitch internal organs post-surgery, such as blood vessels, body tissues and skin. The tool is, even at present, used widely in orthopedic, cardio, plastic, neuro, gynecological, and other general surgeries, despite the emergence of advanced technology such as fiber dressing, hydrogel dressings and skin substitutes.
Sutures are either absorbable or non-absorbable, and are used depending on the type of surgery and need. Sutures tend to have differing properties as well, such as knot security and tensile strength. Sutures are an indispensable part of surgical procedures, and are expected to continue remaining prevalent over the coming years. The growing geriatric population with several disorders related to soft tissue, skin, breast, trauma, hernia and musculoskelatal diseases will fuel the global surgical sutures market.
The report offers a distinctive evaluation of the global surgical sutures market, taking into account its growth factors, restraints, and potential business prospects.
Global Surgical Sutures Market: Trends and Opportunities
The population explosion across the world is leading to an immense rise in the number of aged individuals. Medical advances, easier access to medical technology, along with the incrementing disposable incomes have led to a percolation of surgical procedures to a large pool of patients. Improving healthcare facilities across the world, especially in emerging economies is expected to provide and impetus to the growth of the global surgical sutures market over the forecast period.
Innovations and technological advances enabling the betterment of suture materials, which are manufactured to be apt for enhanced wound tissue estimation and conclusion time, resulting in improved after-effect of the surgeries, are additionally providing a fillip to the uptake of surgical sutures worldwide. Furthermore, the vast upgrades pertaining to the social insurance facilities are also bolstering the demand for surgical sutures. Improving healthcare schemes, and favorable reimbursement policies are key trends that are anticipated to positively impact the global surgical sutures market in the coming years.
Global Surgical Sutures Market: Geographical Analysis
The global surgical sutures market is researched geographically with reference to the regions of North America, South America, Europe, Asia Pacific, the Middle East and Africa. Among these, North America is predicted to play a key role in the global market, and emerge as a leading region. The region held nearly 35% of the overall market share in 2016, and this trend is expected to hold over the forecast period. The key factors attributed to the rise of North America in the global surgical sutures market are the surge in number of surgeries, high incidence of cardiovascular ailments, and extensive adoption of advanced medical procedures.
Asia Pacific is expected to emerge as lucrative region in the global surgical sutures market, and is predicted to exhibit a substantial growth. This is ascribed to the rising sedentary lifestyles of the people, increasing awareness of advanced surgical procedures, and booming medical tourism.
Global Surgical Sutures Market: Companies Mentioned
Currently, the global surgical sutures market’s competitive landscape features a combination of being consolidated, and open to new, domestic players, offering services at lower prices. This has led to presence of an intense competition among existing and new market entrants.
Prominent players operating in the global surgical sutures market are Integra LifeSciences Corporation, Smith & Nephew plc, Boston Scientific Corporation, Cardinal Health, Teleflex Incorporated, ConMed Corporation, Johnson & Johnson, Medtronic plc, Zimmer Biomet Holdings, Inc., and Braun Melsungen AG, among others.
Global Surgical Sutures Market Segmentation
- By Product
- Absorbable Sutures
- Synthetic Sutures
- Natural Sutures
- Non-Absorbable Sutures
- Nylon Sutures
- Poly Propelene Sutures
- Stainless Steel Sutures
- Absorbable Sutures
- By Application
- General Surgeries
- Gynecological Surgeries
- Cardiovascular Surgeries
- Orthopedic Surgeries
- Other Surgeries
- By End-user
- Specialty Clinics
- Ambulatory Surgery Centers
- By Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC countries
- South Africa
- Rest of Middle East & Africa
- North America
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments