Surgical Suture Market Size, Share, Current Trends, Application, Growth Factors, Development and Forecast to 2030
Surgical Suture Market Synopsis:An extensive examination of import and export consumption, supply and demand dynamics, cost structures, market shares, sales volumes, revenues, and gross profits is given in the "Surgical Suture Market" study report. It provides insights into the global industry by highlighting notable producers from various areas. They carefully evaluate their production bases, capabilities, revenues, and market shares in order to provide stakeholders with the necessary information for making strategic decisions and navigating the ever-changing Surgical Suture market environment.
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Market Analysis and Development:
Surgical Suture Market Size was valued at US$ 4.43 Bn. in 2022 and the total Surgical Suture revenue is expected to grow at 6.1% from 2023 to 2029, reaching nearly US$ 6.71 Bn.
Surgical Suture Market Extent:The comprehensive study of import and export consumption, the complexities of supply and demand, cost structures, market shares, sales volumes, revenues, and gross profits are all included in the Surgical Suture market analysis report. It explores the manufacturing landscape, assessing each industry player's market share, production capacity, and factory pricing. Key manufacturers in various regions are highlighted by insights into the worldwide market environment, with careful attention paid to their manufacturing bases, production capabilities, revenue streams, and market shares. With the help of this data-rich analysis, stakeholders can make strategic decisions and navigate the dynamic Surgical Suture market with greater effectiveness.
Dynamics of the Market:
The report provides an in-depth analysis of the Surgical Suture market dynamics, offering insights into emerging trends, drivers, restraints, opportunities, and challenges on both global and regional scales.
Classification of the Surgical Suture Market
by Type
• Absorbable
• Non-absorbable
By Type, the absorbable segment held the largest revenue share of over 56% in 2022 because of its capacity to offer temporary support to wounds while they heal and its ability to tolerate regular stress. Also, the need for absorbable sutures is always increasing, which might be related to their inherent degradability. As a result, leading market players are spending on R&D efforts, which is expected to assist the absorbable sector to grow in the future. Due to their inability to deteriorate or disintegrate, non-absorbable sutures have a lower market share than absorbable sutures. These sutures are primarily used in harsh interior environments when absorbable sutures are unable to provide acceptable criteria. These sutures are mostly utilized in slow-healing tissues or for long-term closures.
by Filament
• Cardiovascular Surgery
• General Surgery
• Gynecological Surgery
• Orthopedic Surgery
• Ophthalmic Surgery
• Cosmetic & Plastic Surgery
• Other
By Filament, the multifilament segment dominated the market with a revenue share of over 50% in 2022. During the forecast period, the multifilament segment is also expected to grow at the highest rate. This is due to benefits associated with the multifilament strands, such as improved pliability, high tensile strength, and flexibility. Due to their endurance, monofilament sutures are difficult to handle and can induce suture crushing or crimping, as well as unwanted and premature suture failure during surgery. Materials used in monofilament sutures include monocryl, nylon, prolene, and polydioxanone. Although these sutures are less likely to cause infection, they have poor knot security. These variables are limiting monofilament suture growth.
by Application
• Cardiovascular Surgery
• General Surgery
• Gynecological Surgery
• Orthopedic Surgery
• Ophthalmic Surgery
• Cosmetic & Plastic Surgery
• Other
By Application, the other segment dominated the market for surgical sutures and held a revenue share of over 41% in 2022. In 2022, the cardiovascular surgery segment had the second-largest revenue share. This is due to the high prevalence of cardiac disorders, the availability of adequate expertise in the field, favorable reimbursement conditions, and advancements in diagnostics. This is causing a large increase in the number of cardiac procedures, which is increasing the demand for surgical sutures throughout the forecast period. Orthopedic surgery emerged as the third-largest application sector in 2022 and is expected to grow rapidly during the forecast period. This is due to an increase in the number of traffic accidents, which is leading to an increase in the number of orthopedic injuries. According to the United States Department of Transportation, an estimated 20,160 persons died in car accidents in the first half of 2022.
by End-User
• Hospitals
• Ambulatory Surgical Centers (ASCs)
• Clinics & Physician Offices
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Regional Insights:
The Surgical Suture market report offers a comprehensive analysis of the Surgical Suture industry across five major global regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. In-depth exploration delves into crucial market geographies, illuminating their unique dynamics and potential. Significant industry segments and sub-segments are meticulously identified and examined, unveiling key growth drivers and challenges. By dissecting regional trends and highlighting market nuances, the report empowers stakeholders to make informed decisions. Whether seeking expansion opportunities or market insights, this analysis equips industry players with valuable data to navigate the diverse landscape of the Surgical Suture market.
Principal Players in the Surgical Suture Market Industry
• Medtronic plc (US)
• Johnson & Johnson (US)
• Sutumed (US)
• Vital Sutures (US)
• Unilene (US)
• Riverpoint Medical (US)
• CONMED Corporation (US)
• Boston Scientific Corporation (US)
• DemeTECH Corporation (US)
• Stryker Corporation (US)
• Zimmer Biomet (US)
• Advanced Medical Solutions Group plc (UK)
• Smith & Nephew (UK)
• B. Braun Melsungen (Germany)
• Peters Surgical (France)
• Genia SA (France)
• Mellon Medical (Netherlands)
• Biosintex (Romania)
• Dolphin Sutures (India)
• Healthium MedTech (India)
• GPC Medical (India)
• Lotus Surgicals (India)
• CPT Sutures (Vietnam)
• ARC Medical Supplies(Beijing) Co., Ltd. (China)
• Tagumedica SA (Peru)
List of Contents : Surgical Suture Market
Part 01: Executive Summary
Part 02: Scope of the Surgical Suture Market Report
Part 03: Surgical Suture Market Landscape
Part 04: Surgical Suture Market Sizing
Part 05: Surgical Suture Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key Questions Addressed in the Report:
- What defines the Surgical Suture Market?
- What is the forecast period for the Surgical Suture Market?
- What is the competitive scenario within the Surgical Suture market?
- Which region held the largest market share in the Surgical Suture Market?
- What opportunities exist for the Surgical Suture Market?
- What are the restraining factors in the Surgical Suture market?
- Who are the key players of the Surgical Suture market?
Key Offerings:
- Market Share, Size, and Forecast by Revenue (2022-2029)
- Market Dynamics: Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Surgical Suture
- Landscape: Leading key players and other prominent stakeholders.
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