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Surgical Sutures Market Size, Share and Industry Analysis By Product Type (Absorbable, Non-absorbable), Form (Natural, Synthetic), Application (Gynecology, Orthopedics, Cardiology, Ophthalmic, General Surgery), End User (Hospitals, Ambulatory Surgery Centers, Clinics) & Regional Forecast, 2018 - 2025

Region : Global | Latest Update: Sep, 2019 | Published Date: Jun, 2019 | Report ID: FBI100660| Status : Published

 

KEY INDUSTRY INSIGHTS

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The global surgical sutures market size was valued at USD 3,750.9 Million in 2017, is projected to reach USD 5,982.9 Million by the end of 2025, exhibiting a CAGR of 6.0%.


The damaged tissue layers must be covered to preserve the functional integrity of the organisms. Surgical sutures, a key part of the wound healing process, are devices used during a surgical procedure to hold the tissues together post-surgery. Most of the wound closures are done with the help of sutures. The choice of surgical suture depends on various factors such as the thickness of the skin, location of lesions, and the tension exerted on the skin. Suture materials are considered to be of utmost importance for quick tissue repair. The material used for sutures can be absorbable or non-absorbable. Sutures are thus a strand of material that ligates the blood vessels together and assist in healing the damaged tissues. 


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The rising number of surgical procedures that propel the demand for effective wound closure devices and the introduction of advanced surgical sutures with effective tensile strength are expected to augment the growth of the global surgical sutures market. Moreover, the investment by key companies in developing efficient wound closure devices is anticipated to boost the expansion of surgical sutures Industry during 2018-2025.


However, rising preference for minimally invasive surgeries in the developed countries and the availability of alternative wound closure devices are estimated to hamper the growth of the market during the forecast period.


Absorbable Sutures to Account for Highest Market Share by 2025


The two types of surgical sutures are absorbable and non-absorbable surgical sutures. Among these, absorbable sutures are projected to account for maximum share in the global market during the forecast period, which is attributable to the ability of absorbable sutures to get metabolized in the body that is leading to its rising adoption by patient population as well as surgeons. The emerging regional manufacturers of absorbable sutures is anticipated to boost this segment by the end of 2025. 


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In terms of form, the global surgical sutures market is segmented into natural and synthetic, while various applications of surgical sutures are gynecology, cardiology, orthopedics, ophthalmology, and general surgery. Amongst the applications, the orthopedics segment accounted for maximum revenue in 2017 and is estimated to remain dominant throughout the forecast duration. This is primarily on account of rising number of orthopedic injuries among all age groups and introduction of technologically advanced joint replacements & implants by orthopedic companies across the globe. In terms of end user, the global market is classified into hospitals, ambulatory surgery centers, clinics, and others.


Increasing Number of Critical Surgeries due to Adoption of Advanced Medical Technologies Augments the Market Growth in Asia Pacific with the Highest CAGR


In terms of revenue, North America accounted for a leading share in the global market with a revenue of USD 1,489.6 Mn in 2017, owing to the strategic presence of key suture manufacturers in the U.S. and introduction of braided and multifilament surgical sutures by them. A significant number of surgeries performed for cardiovascular application in the U.S. and Canada owing to the rising prevalence of cardiovascular disorders in the region is a key factor estimated to propel the growth of surgical sutures market in North America during the forecast period. Europe is estimated to be the second most prominent region in terms of revenue. However, increase in the number of healthcare facilities in emerging countries of Asia, rising geriatric population, and improved reimbursement policies are anticipated to boost the number of critical surgeries performed in Asia Pacific, which in turn is expected to augment the growth of Asia Pacific surgical sutures Industry with a relatively significant CAGR by the end of 2025.


North America Surgical Sutures Market, 2017

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Braun Melsungen AG, Ethicon, and Smith & Nephew plc leading the global Surgical Sutures market


The current vendor landscape of the global surgical utures market is highly fragmented due to the emergence of small & mid-scale regional players. The launch of innovative surgical suture lines SUTUREFIX and high-strength polyethylene ULTRABRAID by Smith & Nephew in 2015 has positioned the company at a significantly higher level. Leading players in the global market are B. Braun Melsungen AG, Ethicon, and Smith & Nephew plc, which accounted for maximum share in the global market in 2017. Favorable reimbursement policies for invasive surgeries is projected to be a key factor for the estimated emergence of numerous local & regional players in the surgical sutures market during 2018-2025. Some of the other players operating in the global surgical sutures m are CP Medical, Demetech Corporation, Coloplast Corporation, Molnlycke Healthcare, BSN Medical, Boston Scientific Corporation, Internacional Farmacéutica, Apollo Endosurgery, Inc., and others. 


Market Overview


Flexible regulations by governments of emerging countries for approving novel surgical sutures is facilitating the manufacturers to introduce innovative wound closure products in the market. Also, the rapid rise in the volume of surgical procedures is a key factor for the rise in the R&D of novel surgical sutures by private players. The rising adoption of braided, as well as mono & multifilament sutures in the densely populated countries, is estimated to propel the uptake of advanced surgical sutures during 2018-2025.


The report provides qualitative and quantitative insights on the surgical sutures industry and detailed analysis of market size and growth rate for all possible segments in the market. The market is segmented on the basis of product type, form, application, and end user. On the basis of product type, the surgical sutures market is classified into absorbable and non-absorbable, while in terms of form, the market is classified into natural and synthetic. Various applications in the market are gynecology, ophthalmology, cardiology, orthopedics, and general surgery, while the end users covered in the report are hospitals, ambulatory surgery centers, clinics, and others. Geographically, the market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions are further categorized into countries.


Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. The report offers valuable insights on the recent industry developments such as partnerships, mergers & acquisitions, reimbursement scenario by key countries, regulatory scenario, an overview of a number of major surgical procedures by key countries, and key industry trends. 


KEY SEGMENTS WITHIN THE MARKET


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SEGMENTATION






























 SEGMENTATION



 DETAILS



By Product Type



· Absorbable


· Non-absorbable



By Form



· Natural


· Synthetic



By Application



· Gynecology


· Orthopedics


· Cardiology


· Ophthalmic


· General Surgery



By End User



· Hospitals


· Ambulatory Surgery Centers


· Clinics


· Others



By Geography



· North America (the USA and Canada)


· Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)


· Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)


· Latin America (Brazil, Mexico, Rest of Latin America)


· Middle East & Africa (GCC, South Africa, Rest of the Middle East & Africa)



Key companies



  • CP Medical

  • Demetech Corporation

  • Coloplast Corporation

  • Molnlycke Healthcare

  • BSN Medical

  • Boston Scientific Corporation

  • Internacional Farmacéutica

  • Apollo Endosurgery, Inc.


Key Developments



  • In November 2018, Peters Surgical, a French manufacturer invested a significant amount to expand its existing manufacturing facility in India, increasing its production capacity to 33 million surgical sutures a year.

  • In July 2018, DePuy Synthes launched new sutures exclusively for soft tissue repair such as rotator cuff surgery

  • In September 2018, Ethicon (a part of Johnson & Johnson Medical Devices Companies) launched a new comprehensive surgical solution for bariatric revision surgery


Surgical Sutures Market Size, Share and Global Industry Trend Forecast till 2026
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