Global Surgical Sutures Market - 2023-2030

Market Overview

The global surgical sutures market reached US$ 4.3 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 6.9 billion by 2030. The global surgical sutures market is expected to exhibit a CAGR of 6.2% during the forecast period (2023-2030).

Surgical sutures are medical strands or threads that are used after an injury to ligate blood vessels and repair damaged tissues together. Natural fibres such as silk are used, as are synthetic materials like as nylon and polyester. They have tensile strength, flexibility, sterility, and knot security that are unrivalled.

Depending on the surgery, they are readily accessible in a variety of sizes, types, forms, and thread materials. Several manufacturers are currently offering synthetic monofilament polydioxanone sutures (PDS), which are widely used in the treatment of soft-tissue wounds and abdominal closures during paediatric cardiac operations.

MarketDynamics

Increase in the Number of Surgeries Will Drive the Market Growth

As the number of surgical procedures done on patients increases, so does the demand for surgical sutures in the medical industry. As a result of improvements in the healthcare business, improved treatment approaches are being created, which is likely to enhance market growth.

For instance, according to NLM, globally, every year, around 40 to 50 million major procedures are performed in the United States and 20 million in Europe. It is expected that 1-4% of these patients may die, up to 15% will experience severe postoperative morbidity, and 5-15% will be readmitted within 30 days. With an annual global mortality rate of roughly 8 million patients, major surgery is on par with the top causes of death, which include cardiovascular disease and stroke, cancer, and accident.

Introduction of Technologically Advanced Devices to Drive the Market Growth

Growing awareness of advanced surgical treatments is forcing market participants to place a high emphasis on R&D and to introduce new and innovative goods to the market. Furthermore, the increasing influx of new and improved automated sutures has resulted in a growing preference for these devices among surgeons worldwide.

For instance, March 03, 2021, Origami Surgical has announced the approval of its next technology platform, which will enable surgeons with additional StitchKit devices adapted to their individual robotic-assisted suturing requirements. Within a single StitchKit device, the new platform offers a variety of absorbable and non-absorbable suture materials. As a result, the aforementioned factors contribute to market expansion.

Adverse Effects of Surgical Sutures will Hamper the Market Growth

Surgical sutures create puncture wounds in the skin or tissues, which can increase the risk of infection. Bacteria can enter the body through the suture site and cause localized or systemic infections. Proper sterile technique and post-operative care are crucial to minimize this risk.

Some individuals may experience an allergic or inflammatory reaction to the suture material. This can lead to redness, swelling, pain, or delayed wound healing. Using sutures made from alternative materials or opting for absorbable sutures may be necessary for individuals with known sensitivities. Thus effects of surgical suture will hamper the market growth.

COVID-19 Impact Analysis

Due to restrictions put on general surgical procedure operating hours around the world to prevent the spread of COVID-19, the pandemic has had a detrimental impact on the surgical suture sector. Furthermore, the closure of multiple departments at various hospitals throughout the world due to a lack of critical staff has reduced the number of procedures advised to non-COVID-19 patients.

Furthermore, COVID-19 patients are expected to rush to commit critical resources to their care. People all across the world have been forced to postpone elective treatments as a result of this. Furthermore, fewer general surgical procedures have a negative influence on the market for surgical sutures.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine conflict is estimated to have a moderate impact on the global surgical sutures market, owing to the low number of key market players in this region. However, the impact of the import and export of raw materials is expected to have little influence over the global Surgical Suturesmarket growth over the forecast period.

Segment Analysis

The global surgical sutures market is segmented based on infection product type, application, end user and region.

Orthopaedic surgery Type Segment Accounts for 28.3% of Market Share

The orthopaedic surgery segment is expected to expand and ankle and foot fractures are among the most common types of injuries treated by orthopaedic teams around the world. Suture materials used in orthopaedic surgery are used to close wounds and heal fascia, muscles, tendons, ligaments, joint capsules, and cerclage or tension band of certain fractures.

The rise of accidents will helps to drive the market growth. For instance, according to CDC, every year, 1.35 million people are killed on the world's roads. Every day, about 3,700 people are killed in automobile, bus, motorcycle, bicycle, truck, or pedestrian accidents around the world. Pedestrians, motorcyclists, and cyclists account for more than half of those fatalities.

These rising numbers of injuries mostly contribute to soft tissue injury, particularly tendons, creating a need for more orthopaedic closure procedures. As a result, the orthopaedic surgery category is predicted to increase rapidly throughout the projection period.

Geographical Analysis

Asia Pacific Accounted for Approximately 25.7% of the Market Share

Due to increased activity by leading market players in the region's countries. For instance, on January 4, 2023, MiMedx Group, Inc., a pioneer and industry leader in placental biologics, struck into an exclusive distribution deal with Gunze Medical Limited, a branch of Gunze Limited, for the sale of EPIFIX in Japan. Gunze Medical is a well-known manufacturer of bioabsorbable devices and materials, such as sutures and sheet products, used in a variety of surgical and wound care settings.

In addition to a nationwide network of over 90 sales representatives and clinical support personnel, the organisation has strong relationships with current clinicians. Thus above factors shows the growth of the region.

Competitive Landscape

The major global players in the surgical sutures market: Ethicon, Inc, Medtronic plc, B.Braun Melsungen AG, Smith& Nephew plc, Boston Scientific Corporation, Peters Surgical, DemeTECH Corporation, Internacional Farmaceutica, Sutures India, Integra Lifesciences and among others.

Why Purchase the Report?

• To visualize the global surgical sutures market segmentation based on product type, application, end user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of surgical sutures market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global surgical sutures market report would provide approximately 53 tables, 54 figures and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies