PUBLISHER: The Insight Partners | PRODUCT CODE: 1784630
PUBLISHER: The Insight Partners | PRODUCT CODE: 1784630
The Europe antimicrobial surgical suture market size is expected to reach US$ 252.11 million by 2031 from US$ 119.72 million in 2023. The market is estimated to record a CAGR of 9.8% from 2024-2031.
Executive Summary and Europe Antimicrobial Surgical Suture Market Analysis:
The Europe antimicrobial surgical suture market is segmented into Germany, France, the UK, Spain, Italy, and the Rest of Europe. Europe occupies the second position in the global antimicrobial surgical suture market and is expected to register a robust growth rate over the forecast period. The increasing focus of market players on manufacturing antimicrobial surgical sutures due to the rise in cardiovascular surgeries, general surgeries, and orthopedic surgeries is leading to market growth.
Europe Antimicrobial Surgical Suture Market Segmentation Analysis:
Key segments that contributed to the derivation of the antimicrobial surgical suture market analysis are type, raw materials, application, and end user.
Based on type, the Europe antimicrobial surgical suture market is bifurcated into triclosan antimicrobial suture and chlorhexidine antimicrobial suture. The triclosan antimicrobial suture held a larger share of the market in 2023.
By raw materials, the Europe antimicrobial surgical suture market is segmented into polyglactin 910 antimicrobial suture, poliglecaprone 25, and polyglycolic acid. The polyglactin 910 antimicrobial suture segment held the largest share of the market in 2023.
By application, the Europe antimicrobial surgical suture market is segmented into cardiovascular surgery, general surgery, ophthalmic surgery, gynaecological surgery, orthopedic surgery, plastic surgery, veterinary surgery, dental surgery, and others. The cardiovascular surgery segment held the largest share of the market in 2023.
By end user, the Europe antimicrobial surgical suture market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest share of the market in 2023.
Europe Antimicrobial Surgical Suture Market Outlook
Besides sharp injuries, the number of other types of workplace or occupational injuries is increasing worldwide. According to the International Labor Organization, ~2.3 million people experience work-related injuries every year, affecting their health and quality of life. The soaring burden of chronic wounds eventually propels the demand for advanced wound care management methods to substantially reduce the financial burden from national healthcare systems. Various countries spend significant amounts of money on treating injuries and avoiding associated risks. Therefore, with the increasing incidence of chronic wounds, the demand for antimicrobial surgical sutures is also increasing worldwide.
Further, the number of general, cardiovascular, orthopedic, gynecological, and cancer surgeries performed in healthcare settings is increasing tremendously across the world. Moreover, the growing geriatric population contributes to severe health conditions (e.g., hernia and cataracts) that require surgeries as a primary treatment option. The geriatric population is prone to CVDs, orthopedic disorders, metabolic disorders, and neurological disorders, among others. According to the WHO, the aging population across the world is likely to rise from ~1 billion in 2019 to ~2.1 billion by 2050. Aesthetic surgeries have also become common among people working in the entertainment industry. These surgeries are performed on patients who have accidental or inherent deformities and on those who wish to make their appearance more appealing. Therefore, the surging number of surgeries performed in hospitals or similar healthcare institutions is driving the demand for antimicrobial surgical sutures.
Europe Antimicrobial Surgical Suture Market Country Insights
Based on country, the Europe antimicrobial surgical suture market comprises Germany, France, the UK, Italy, Spain, and the Rest of Europe. Germany held the largest share in 2023.
The increasing demand for infection prevention and control measures in healthcare settings is a primary market driver, owing to the rising incidence of surgical site infections (SSIs) and antibiotic-resistant bacteria. Data from a recent study published in Research Article by Avidicare indicate that despite stringent laws and guidelines, surgical site infections (SSIs) in Germany did not decline between 2008 and 2016. Based on real hospital reimbursement data from 4 million patients, the study period's total SSI prevalence was 4.9%. The researchers conclude that the actual number of SSIs has been greatly underestimated compared to the self-reported 1.08% SSI rates for German hospitals based on the voluntary Krankenhaus-Infektions-Surveillance-System.
The growing awareness among healthcare professionals about the benefits of antimicrobial sutures in reducing SSIs and improving patient outcomes is contributing to the adoption of these sutures. Favorable reimbursement policies and high healthcare expenditure in Germany also enable hospitals and clinics to adopt advanced suturing technologies. The country's well-established healthcare system and many annual surgical procedures create a high demand for antimicrobial sutures. Furthermore, stringent regulatory frameworks and guidelines for infection control are driving the adoption of antimicrobial sutures as a standard of care. Ongoing research and development activities by companies in the country are leading to the introduction of innovative antimicrobial suture products, further fueling market growth.
Europe Antimicrobial Surgical Suture Market Company Profiles
Some of the key players operating in the market include TI Medical; Healthium Medtech Limited; Meril Life Sciences Pvt Ltd; Unilene; Johnson & Johnson; Futura Surgicare Pvt Ltd (Dolphin Sutures); Cencora, Inc. (AmerisourceBergen Corporation); Advanced MedTech Solutions Pvt. Ltd.; and Internacional Farmaceutica SA among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
Europe Antimicrobial Surgical Suture Market Research Methodology :
The following methodology has been followed for the collection and analysis of data presented in this report:
Secondary Research The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Company websites , annual reports, financial statements, broker analyses, and investor presentations. Industry trade journals and other relevant publications. Government documents , statistical databases, and market reports. News articles , press releases, and webcasts specific to companies operating in the market. Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Primary Research The Insight Partners' conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:
Validate and refine findings from secondary research. Enhance the expertise and market understanding of the analysis team. Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects. Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
Industry stakeholders : Vice Presidents, business development managers, market intelligence managers, and national sales managers External experts : Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise