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The global surgical sutures market size was USD 4.21 billion in 2019 and is projected to reach USD 6.45 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period.
Surgical sutures are a conventional method of wound closure of the surgical site. This wound closure method is one of the oldest and widely used medical devices in surgery. These sutures are available in absorbable and non-absorbable formats and can be used as per the body tissue healing requirements and type of surgery performed. Few advantages of this wound closure technique are the lower changes of adverse reaction and lesser possibility of device malfunction when compared to advanced wound closure devices such as staplers and hemostatic agents. Surgical suturing is one of the key steps for post-operative wound healing. Hence, this device is widely used in healthcare facilities.
Reduction of Non-Emergency Procedures amid COVID-19 to Hamper Market Growth
The effect of the COVID-19 on particular medical device segments is projected to be more impactful owing to the slowdown in non-emergency procedures and healthcare services. The hospitals in the U.S. saw a 40-60% reduction in hospital visits after the WHO labelled coronavirus outbreak a pandemic. Additionally, in the U.K, the government has canceled more than 2 million non-emergency procedures to prepare healthcare resources to compact against the pandemic. Such a decrease in selective surgeries could have a negative impact on the market. However, the market is estimated to bounce back after the resumption of healthcare services and elective surgeries.
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Increasing Adoption of Advanced Surgical Suturing Devices to Drive the Market Growth
There are constant innovations and product launches in barb-wired sutures and advanced surgical suturing devices. For instance, in January 2019, Ethicon, Inc. (a part of Johnson and Johnson Services Inc.) received FDA approval for their STRATAFIX Spiral PDS Plus Bidirectional Knotless Tissue Control Device. This device is a knotless surgical suturing device that helps to reduce the healing time of the wound and reduce the suturing time during surgery. There is an increasing preference among healthcare professionals to adopt such advanced suturing devices as these offer better absorbability and are convenient to use.
Automated suturing devices such as the one developed by Sutures is estimated to reduce suturing errors made by professionals in operation theaters. These devices provide higher precision when compared to traditional suturing methods.
Increasing Number of Surgeries to Surge the Demand for Surgical Sutures
The growing number of surgeries worldwide is estimated to propel the growth of the market in the forthcoming years. According to the latest study from Stanford Health Care, around 48 million surgeries are performed in the U.S annually that includes 7.3 million cardiovascular surgeries. According to the data published by the Organization for Economic Co-operation and Development (OECD), around 57,812 appendectomy surgeries were carried out in the U.S in the year 2017. In addition to this, there is an increase in the prevalence of chronic diseases that require surgical intervention.
Cosmetic and bariatric surgeries are on the rise, driving the demand for these sutures. According to the American Society of Plastic Surgeons, 1.8 million cosmetic surgeries were performed in the U.S in 2018. The demand for automated suturing devices, combined with technological advancements in the market, is estimated to further boost the growth in the global market.
Launch of Innovative and Advanced Wound Care Products to Propel Market Growth
The wound closure industry as a whole is witnessing enormous technological advancements. These advancements focus on lowering the healing time of the wound and minimizing post-operative care. Surgical sutures devices, on the other hand, are experiencing growth due to the advancements in material and suture tip of the product. In September 2020, Smith & Nephew launched NOVOSTITCH PRO Meniscal Repair System, an automated suturing device for meniscal tears in the European Union. Such developments are projected to bolster the global surgical sutures market growth.
Increasing Adoption of Surgical Staplers to Restrain the Market Growth
Despite the increasing advancements in surgical suturing devices, there is a growing preference for surgical staplers. Combined with this, the growing laparoscopic surgeries are estimated to significantly impact the growth of the market. For instance, Intuitive Surgical Inc. in September 2018 declared that the company received the U.S FDA approval for its SureForm 60, a minimally invasive surgical stapling device. Such advancements in staplers could hinder the growth of the global sutures market as expected.
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Absorbable Sutures Dominated the Market in 2019
On the basis of product, the market includes absorbable and non-absorbable sutures. The absorbable segment held a dominant and largest share of the market in 2019. The dominance is due to the lower post-operative care required after surgery when using this type of suture. Additionally, absorbable sutures are usually manufactured in a natural material that is compatible with the human body. However, the cross reactivity of the natural material could result in reactions and side effects after use of the product type. Non-absorbable sutures require higher post-operative care and hence are adopted scarcely in surgical settings.
Synthetic Suture Segment Dominated the Market in 2019
Based on form, the market is bifurcated into natural and synthetic. The synthetic sutures dominated the market in 2019 owing to higher efficacy in suturing. Additionally, the lower cross-reactivity and adverse reactions caused by the form type is estimated to be the factor driving the adoption of this type of suture.
Orthopedic Surgery Held the Largest Surgical Sutures Market Share
Based on application, the market is categorized into gynecology, cardiology, orthopedics, ophthalmic, and general surgeries. Orthopedic segment held a majority share in the market owing to the increasing geriatric population and subsequent rise in orthopedic surgeries. The most common surgery performed in the older or aging population is knee surgeries. According to the recent statistics by the American Academy of Orthopedic Surgeons, around 790,000 knee surgeries are performed in the U.S every year.
Hospitals to Register a Higher CAGR
In terms of end-user, the market is segmented into hospitals, ambulatory surgical centers, clinics, and others.
The hospitals segment is expected to have a dominant share in the market during the forecast period. This dominance is attributable to the increasing hospital stays and growing number of surgeries worldwide. Ambulatory surgical centers are also estimated to hold a significant share in the market. According to the National Health Statistics Report (2017), around 53% of ambulatory surgeries were performed in hospitals in the U.S., and the rest was performed in ambulatory surgical centers.
North America Surgical Sutures Market Size, 2019 (USD Billion)
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North America stood at USD 1.67 billion in 2019 and is expected to dominate the global surgical sutures market. The preference of key market players to launch innovative surgical suture devices is expected to positively impact the market growth in the region.
The market in Europe and Asia-Pacific is projected to register a comparatively higher CAGR during the forecast period. The recent approval of the advanced surgical sutures products in Europe is projected to augment the market growth in the forthcoming years.
The high number of orthopedic surgeries performed in countries such as Japan and China owing to the high presence of the geriatric population is estimated to drive the market in Asia-Pacific. Some major players are also witnessing tremendous revenue growth opportunities from countries in this region.
The market in Latin America and the Middle East & Africa is currently in the nascent stage. However, increasing disposable income and developing healthcare infrastructure could drive the growth of the market in the forthcoming years.
Product Launches by Established Players to Consolidate Their Market Positions
The market is fragmented into local and international players. Due to the emergence of various small and mid-sized regional players, the vendor landscape has established itself to be highly competitive. The major players are constantly innovating new products to capture customer base globally. The launch of the NOVOSTITCH line of surgical sutures in September 2020 by Smith & Nephew is one of the prime examples of such strategies. Some of the key players operating in the market are Boston Scientific International, Smith & Nephew, Coloplast Corporation, BSN Medical, Demetech Corporation, CP Medical, Molnlycke Healthcare, Apollo Endourgery, Inc., and Atramat, among others.
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The market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the advanced market over the recent years.
Value (USD billion)
By Product Type
By End User
Fortune Business Insights says that the global market size was USD 4.21 billion in 2019 and is projected to reach USD 6.45 billion by 2027.
In 2019, the North America market value stood at USD 1.67 billion.
Growing at a CAGR of 5.9 %, the market will exhibit steady growth in the forecast period (2020-2027).
The absorbable suture segment is expected to be the leading segment in this market during the forecast period.
The increasing surgeries worldwide is the major factor driving the growth of the market.
Smith & Nephew, Boston Scientific International, Molnlycke Healthcare are major players of the global market.
North America dominated the market share in 2019.
The adoption of advanced technologies by market players are expected to drive the adoption in the global market.
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