Report Overview

The global surgical sutures market was pegged at US$ 3.9 billion in 2021 and is expected to witness a CAGR of 5.4 % during the forecast period.

Market Fundamentals 

Surgical sutures, also known as stitches, used by medical practitioners, hold up the wound tissues after surgeries like heart surgeries, diabetic ulcers, neuropathic ulcers, etc. It involves using a needle attached to a thread. There are various types of sutures depending on the type of material and structure. The selection depends on the type of surgery and the location of the wound or body tissue. 

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Market Dynamics

Globally, the prevalence of lifestyle diseases such as cancer, ischemic heart disease, cerebrovascular disease, orthopedic problems, and mental illness is constantly rising. The market for surgical sutures is being driven by the persistent rise in the prevalence of lifestyle illnesses and the rising demand for more surgical operations. It is anticipated that increased healthcare spending by most nations and improved healthcare infrastructure in emerging economies will increase the number of patients. Additionally, major industry players launching products with advanced technology help in more accurate treatments, which raises the success rate of surgery. Therefore, this leads to the expansion of the global surgical sutures market.

However, the presence of alternatives for wound healing such as surgical staplers, etc. is a challenge for the market growth. Also, a few side-effects associated with suture use like surgical site infection, high cost of antibacterial devices, etc. hinder the global surgical sutures market. 

Market Ecosystem

The global surgical sutures market has been analyzed from four perspectives: material type, structure, application, and region. 

Surgical Sutures Market by Material Type

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The global surgical sutures market, based on material type has been bifurcated into two- absorbable and non-absorbable sutures. Due to its capacity to temporarily maintain wounds until they heal and can withstand typical stress, the absorbable suture segment commands the biggest revenue share. The capacity of absorbable sutures to spontaneously disintegrate can also be seen in the steadily growing demand for them. As a result, major market participants are spending money on R&D projects, which will likely contribute to the future expansion of the absorbable industry

Surgical Sutures Market by Structure

Based on the structure, the global surgical suture market has been subdivided into monofilament and multifilament surgical sutures.  The market was dominated by the multifilament segment in terms of revenue share. During the anticipated period, the multifilament category is anticipated to increase at the quickest rate. This is explained by the multifilament segment's benefits, including improved pliability, high tensile strength, and flexibility.

Surgical Sutures Market by Application

Based on applications, the global surgical sutures market has been divided into, cardiovascular surgery, neurological surgery, orthopedic surgery, and ophthalmic surgery. The cardiovascular surgery segment holds the largest revenue share. This dominance is attributable to the high prevalence of cardiac disorders, the availability of enough specialists in the field, favorable reimbursement conditions, and improvements in diagnostic technology. Due to this, there are now significantly more cardiac operations being performed, which will raise the demand for surgical sutures over the projection period.

Surgical Sutures market by Region  

The global surgical sutures market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World, based on region. Due to the existence of local and significant companies, the high cost of sutures relative to other countries, the favorable reimbursement environment, expanding government programs, and the developed healthcare infrastructure, the North American region led the market for surgical sutures. The significant revenue share of North America is also largely due to technological improvements and strong domestic wealth.

Europe is also anticipated to observe significant growth due to the increasing number of surgeries especially knee and hip replacement surgeries, which require extensive suturing. 

The region with the quickest growth is anticipated to be Asia Pacific. This is a result of the region's unmet healthcare demands, a growing elderly population that is more likely to need surgery, and increased government investment in the healthcare system. Among the important markets in the Asia Pacific region are China, India, and Japan. Another significant driver propelling the market in this area toward exponential growth is the rise of medical tourism in nations like India, Singapore, and Malaysia.

Competitive Landscape

Some of the prominent players operating in the surgical sutures market are: -

• B. Braun Melsungen AG 
• Boston Scientific Corporation
• Medtronic plc
• Ethicon, Inc.
• Covidien plc
• Sutures India Pvt Ltd
• CONMED CORPORATION
• Mellon Medical B.V.
• Smith & Nephew plc
• Peters Surgical
• Apollo Endosurgery, Inc.
• EndoEvolution, LLC

Strategic Developments

• In August 2021, Ethicon Plc announced in their new world study the advantage of their ECHELON CIRCULAR Powered Stapler, which can reduce the anastomotic leakage by 74% in colorectal surgeries. 
• In April 2021, Dolphin Sutures announced the expansion of its dental portfolio to launch non-absorbable polytetrafluoroethylene sutures in India. 

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