Global Surgical Sutures Market: Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Surgical Sutures Market: By Product Type (Absorbable and Non-absorbable), By Material (Monofilament Suture and Multifilament Suture), By Application (Gynecological Surgeries, Orthopedic Surgeries, Cardiovascular Surgeries, General Surgeries, Ophthalmic Surgeries, and Other Surgeries), By End User (Hospitals, Clinics, and Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global surgical sutures market was valued at US$ XX Mn in 2017 and expected to grow at 5.3% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Surgical Sutures Market
Surgical sutures are the medical devices that are used to hold body tissues together post-surgery or injury. They are usually classified into absorbable surgical sutures and non-absorbable surgical sutures. The absorbable surgical suture will break down harmlessly in the body over time without intervention. While the non-absorbable surgical sutures must be manually removed. Sutures can also be divided basing of material structure i.e. monofilament sutures and multifilament or braided sutures. Monofilament sutures elicit lower tissue reaction compared to braided sutures. Multifilament sutures are braided and often coated with various materials like silicon, wax, PTFE, polycaprolactone, calcium stearate etc.
Market Dynamics: Surgical Sutures Market
Increasing incidence of traffic accidents is the key factor attributing the growth of the surgical sutures market. The use of the surgical sutures is more in the treatment of the accidents. According to World Health Organization (WHO) in 2017, yearly around 1.25 million people die and more than 20 to 50 million people experience severe injuries, due to road traffic crash. The increasing use of the surgical sutures in multiple treatments and growing trend of cosmetic surgeries are anticipated to drive the market growth of the surgical sutures. As per the annual plastic surgery procedural statistics by American Society of Plastic Surgeons (ASPS), there were 15.9 million surgical and minimally-invasive cosmetic procedures performed in the United States in 2015, 2.0% increase over 2014. The growing geriatric population along with growing organ transplantation and cardiovascular surgeries is boosting the growth of the surgical sutures market. However, the growth of the product development is at a slow pace, which is likely to hamper the growth of the surgical sutures market.
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Market Scope: Surgical Sutures Market
Surgical sutures market is segmented based on the product type, material, application, and end user
Based on the product type, the market is segmented into the following:
- Absorbable
- Natural Sutures
- Synthetic Sutures
- Vicryl Sutures
- Monocryl Sutures
- Polydioxanone Sutures
- Polyglycolic Sutures
- Others
- Non-absorbable
- Nylon Sutures
- Prolene Sutures
- Stainless Steel Sutures
- Others
Based on the material, the market is segmented into the following:
- Monofilament Suture
- Multifilament Suture
Based on the application, the market is segmented into the following:
- Gynecological Surgeries
- Orthopedic Surgeries
- Cardiovascular Surgeries
- General Surgeries
- Ophthalmic Surgeries
- Other Surgeries
Based on the end user, the market is segmented into the following:
- Hospitals
- Clinics
- Others
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Regional Analysis: Surgical Sutures Market
Geographically, global surgical sutures market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America surgical sutures market is the dominant market owing increase in the number of surgeries. Rising number of private sector hospitals and developing healthcare infrastructure is anticipated to drive the growth of the surgical sutures market in the region. Europe surgical sutures market is falling next to that of North America. The Asia Pacific surgical sutures market is expected to grow at significant rate over the forecast period owing to the increasing surgical cases and growing trend of plastic surgery.
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Competition Assessment: Surgical Sutures Market
Some of the players in the global surgical sutures market include:
- Boston Scientific Corporation (U.S)
- Medtronic plc (Ireland)
- Internacional Farmaceutica, S.A. de C.V. (Mexico)
- Sutures India Pvt. Ltd. (India)
- Péters Surgical (France)
- Smith & Nephew plc (U.K.)
- EndoEvolution, LLC (U.S.)
- Ethicon Inc. (U.S.)
- Braun Melsungen AG (Germany)
- DemeTECH Corporation (U.S.)
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