Global Surgical Sutures Market size is predicted to reach $7.5 Billion by 2030, growing at a CAGR of 3.7% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Rising number of surgical training programs enhances the adoption of modern suturing techniques and Growing awareness of wound care and surgical safety promotes the use of advanced sutures is poised to propel the market growth, finds IndustryARC in its recent report, titled “Surgical Sutures Market – By Raw Material (Natural Sutures (Catgut, Silk), Synthetic Sutures), By Type (Absorbable and Non-Absorbable), By Filament (Monofilament, Multifilament), By Application (Ophthalmic Surgery, Cardiovascular Surgery, Orthopaedic Surgery, Neurological Surgery, Others), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”
Request Sample Research Report:
https://www.industryarc.com/pdfdownload.php?id=16280
Asia Pacific to Register Highest Growth:
Asia Pacific is analyzed to grow with the highest CAGR of 5.7% during the forecast period 2024-2030. The region’s surgical sutures market is driven by increasing surgical procedures, a growing elderly population, and the rising prevalence of chronic diseases. For instance, in March 2024, KKR, Carlyle, EQT, Hillhouse, and TA Associates are competing in a fierce bidding process and acquired Healthium Medtech, a leading global surgical sutures and needles manufacturer. Apax Partners, which owns 99.8% of Healthium, has valued the company between Rs 6300 crore ($ 75.3 million) and Rs 6500 crore ($ 77.4 million) based on recent bids. Additionally, advancements in medical technology and expanding healthcare infrastructure are boosting demand for advanced suture materials and techniques in this region.
Surgical Sutures Market 2024-2030: Scope of the Report
| Report Metric | Details |
| Base Year Considered | 2023 |
| Forecast Period | 2024–2030 |
| CAGR | 3.7% |
| Market Size in 2030 | $7.5 billion |
| Segments Covered | By Raw Material, By Type, By Filament, By Application, By End User and By Region |
| Geographies Covered | North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
| Key Market Players | 1. B. Braun SE 2. Ethicon, Inc. (Johnson & Johnson) 3. Medtronic Plc. 4. DemeTECH Corporation 5. Smith + Nephew 6. Zimmer Biomet Holdings, Inc. 7. Meril Life Sciences Private Limited 8. Teleflex Medical OEM 9. ConMed Corporation 10. Boston Scientific Corporation 11. Advanced Medical Solutions Group plc 12. Peters Surgical 13. Corza Medical 14. Stryker Corporation 15. Sutumed Corp. |
Get Access to the Full Research Report:
https://www.industryarc.com/Report/16280/surgical-sutures-market.html
Surgical Sutures Market Report – Key Takeaways:
Absorbable Sutures segment held a major market share in 2023 and is analyzed to continue its dominance over the market growing at CAGR 6.8% during the forecast period 2024-2030. The demand for absorbable sutures in the surgical sutures market is driven by their convenience and effectiveness in various medical procedures. These sutures eliminate the need for a second surgery to remove them, reducing patient discomfort and healthcare costs. Their use is increasingly favored in internal surgeries where removal of sutures would be challenging or impractical. The rising preference for minimally invasive procedures and advancements in suture technology, such as enhanced biocompatibility and controlled absorption rates, further bolster their adoption. Additionally, the growing focus on patient-centric care and streamlined surgical workflows supports the demand for absorbable sutures.
Ophthalmic Surgery segment is analyzed to grow with the highest CAGR of 25.3% during the forecast period 2024-2030. The growth of ophthalmic surgery within the surgical sutures market is significantly driven by the increasing prevalence of eye disorders and advancements in surgical techniques. As the global population ages and the incidence of conditions like cataracts and glaucoma rises, the demand for precise and reliable suturing solutions in ophthalmic procedures has escalated. Enhanced surgical methods, such as minimally invasive techniques, require specialized sutures that support optimal recovery and visual outcomes. For instance, in November 2022, Corza Ophthalmology and Vortex Surgical have partnered to enhance the surgical sutures market by combining Corza’s premium ophthalmic brands with Vortex’s innovative vitreoretinal instruments. Additionally, ongoing innovations in suture materials and designs are contributing to improved surgical efficacy and patient satisfaction, further propelling the demand for ophthalmic surgical sutures.
The rapid pace of technological advancements presents a challenge for players in the surgical sutures market. Staying abreast of cutting-edge developments and integrating new technologies into product lines requires substantial investment in research and development. This challenge is compounded by intense competition from both established companies and new entrants, all striving to innovate and capture market share. Balancing the need for technological innovation with cost constraints and maintaining a competitive edge while differentiating products in a saturated market remains a critical concern for industry stakeholders.
Purchase this Premium Report:
https://www.industryarc.com/buynow?id=16280
Key Opportunity Analysis:
Increasing Surgical Procedures
The growing number of surgical procedures worldwide offers a substantial opportunity for the surgical sutures market. As medical technology advances and healthcare access expands, more surgeries are performed, increasing the demand for surgical sutures. This trend drives the need for a variety of suture types, including those for complex and specialized surgeries. Companies can capitalize on this opportunity by expanding their product offerings and enhancing their distribution networks to meet the rising demand effectively.
Growth in Ambulatory Surgical Centers
The expansion of ambulatory surgical centers (ASCs) offers significant opportunities for the surgical sutures market. ASCs, known for their efficiency and cost-effectiveness, are increasingly preferred for various surgical procedures. This growth necessitates a higher volume of surgical sutures, as ASCs often perform a large number of outpatient surgeries. By targeting ASCs with specialized products and flexible supply solutions, manufacturers can tap into this growing segment and increase their market penetration.
Innovations in Suture Materials
Innovations in suture materials, including the development of antimicrobial and tissue-compatible options, provide valuable opportunities for the surgical sutures market. Advanced materials that reduce infection rates and promote faster healing are highly sought after by healthcare providers. Companies investing in research and development to create cutting-edge suture materials can differentiate themselves in the market and attract customers looking for superior performance and patient safety in surgical procedures.
If you have any questions, please feel free to contact our experts at:
https://www.industryarc.com/reports/request-quote?id=16280
The report also covers the following areas:
Surgical Sutures Market 2023-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
To Get a Customized Industry Analysis, Speak with our Research Analyst:
https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert
List of Key Market Players in the Surgical Sutures Market:
The Global Surgical Sutures Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
Related Reports:
Absorbable Surgical Sutures Market: The increase in the count of hospital admittances of patients with incessant ailments for the long term and the boost in instances of trauma across developed and developing economies is driving the growth of the Absorbable Surgical Sutures market.
Surgical Instruments Market: Increasing number of surgical procedures are likely to aid the market growth of the Surgical Instruments Market report.
Antimicrobial Suture Market: The Antimicrobial Suture Industry is being driven by the growing demand of surgical procedures, minimally invasive procedures, the aging population, and favorable reimbursement policies for surgical procedures.
About IndustryARC
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: sales@industryarc.com
USA: (+1) 518-282-4727
Web: https://www.industryarc.com
Follow us on LinkedIn | Facebook | Twitter
Mr. Venkat Reddy Email: sales@industryarc.com USA: (+1) 518-282-4727
Tags:
BNN, Extended Distribution, iCN Internal Distribution, Wire, Research Newswire, English