Surgical Sutures Market

Surgical Sutures Market Outlook (2022-2032)

The global surgical sutures market size was valued at US$ 4,410.1 million in 2022, and it is projected to experience significant growth at a CAGR of 3.1%, to reach US$ 5,955.8 million by the end of 2032.

Surgical sutures account for less than two percent of all spending made by hospital and ambulatory surgical centers. The global market is segmented into various Source, including Natural, Synthetic, Coated & Uncoated. Within all source synthetic surgical sutures dominate the market, and is expected to contribute more than 45% of overall spending made on surgical sutures over the assessment period.

Report Attributes	Details
Surgical Sutures Market Size (2021A)	US$ 4,232.1 Million
Estimated Market Value (2022E)	US$ 4,410.1 Million
Forecasted Market Value (2032F)	US$ 5,955.8 Million
Global Market Growth Rate (2022-2032)	3.1% CAGR
North America Market Share (2021)	~38.5%
Europe Market Growth Rate (2022-2032)	~2.7% CAGR
United States Market Growth Rate (2022-2032)	~3.5% CAGR
Market Share of Top 5 Companies	~12.4%
Key Companies Profiled	Peters Surgical Smith & Nephew Plc. Johnson & Johnson B. Braun Boston Scientific Corporation Medtronic Plc. Arthrex Inc. Sutures India Pvt. Ltd Centenial Surgical Suture Ltd Assut Medical S.r.L

Sales Analysis of Surgical Sutures (2017-2021) vs. Market Forecast Outlook (2022-2032)

Due to the continuously rising number of surgical procedures performed worldwide, surgical sutures have been driving the growth of healthcare industry. The pioneering healthcare facilities that are funded by government in order to improve healthcare accessibility in countries like US, India and U.K. have further boosted the demand for surgical sutures.

Manufacturers have also accelerated the surgical sutures market growth over the past years with launch of innovative products that speed up wound healing. Together these factors aided the expansion of market with a compound annual growth rate of 3.7% from 2017 to 2021.

Changing lifestyle, increasing life expectancy but with increase in morbidities have also been some key drivers of these medical devices. Further, the advancements in surgical sutures like introduction of absorbable sutures have broadened the applications of the product, creating ample growth opportunities for manufacturers over the assessment period.

Fact.MR suggests that the global surgical sutures market will be valued at US$ 5,955.8 Million by 2032 end posing a CAGR of 3.1% since 2022.

• Short Term (2022 Q2 to 2025): Growing healthcare awareness among the low and middle income countries will favorably affect the market growth for surgical sutures in short term.
• Medium Term (2025-2028): An increase in the demand for surgical procedures owing to the rising prevalence of chronic diseases such as cancer, diabetes, cardiovascular diseases etc. will propel the target market in the medium-run.
• Long Term (2028-2032): High-tech progression and revolution in the target market by the manufacturers will drive the market in the long-term forecast period.

Over the 2017-2021 historical period, the global surgical sutures market registered a CAGR of 3.7%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 3.1% CAGR between 2022 and 2032.

 

Surgical sutures market share analysis based on product type and region is provided in a nutshell in the above image. Under the product type segment, the absorbable surgical sutures segment dominates with 61.7% market share in 2022.

What’s Driving Demand for Surgical Sutures?

“Increasing Surgical Procedures to Drive the Surgical Sutures Market”

The increase in accidents and trauma cases is the main driver of the surgical procedures, which ultimately benefits the surgical sutures market. Hospitals and ambulatory care facilities are continuously coming up with new actions to boost elective procedures, raising the demand for the target product.

Additionally, manufacturers are focusing on usage of leading-edge materials that are biocompatible and pace up wound healing. Such factors have notably boosted demand and adoption of surgical sutures in the market. The quick development of new, automated sutures with enhanced capabilities is anticipated to boost production and adoption of the product, surging the market revenue.

“Technological Advancements by the Market Players to Boost the Market Share of Surgical Sutures”

The market has evolved as a result of technological developments like the use of various synthetic materials with remarkable tissue-holding capabilities and virtually little danger of infection or scar formation. With the introduction of knotless, bioactive, antimicrobial, and electronic sutures, it is now possible to detect any leaks or infections in the wound. Drug delivery to the surgical site is now effective with the quick development of stem cell- and drug-eluting surgical sutures.

Additionally, spurring research & knowledge about the novel surgeries and a demand for better healthcare facilities has opened a plethora of opportunities for the companies operating in the sector. Government from different nations is also in favor of using these products to upgrade healthcare infrastructure. All these aforesaid factors are giving a huge traction to target product in the market.

What Do Surgical Sutures Manufacturers Need to Watch Out for?

“Availability of Advanced Wound Closure Products Could Hamper the Market Growth’’

The market expansion of the target product could be negatively impacted by customer preferences for minimally invasive procedures and the use of improved wound closure products such as surgical staplers.

Despite technological advancements, there are some limitations on the use of surgical sutures, including cross-hatched marks, the possibility of dehiscence if the suture material ruptures, the difficulty of making small alterations along the suture line, and wrinkling of the suture line when the stitches are inserted in thin skin. Launch of product alternatives that address these challenges can significantly impede the market growth.

Country-wise Insights

Will the U.S. Surgical Sutures Sales guide the Dominance of North America in the Market?

Over the period of forecast, North America is anticipated to have a significant regional share of the global surgical sutures market. With a 92.4% revenue share and an estimated market value of US$ 1,258.5 Million by the end of 2022, the U.S. is expected to lead the sales of surgical sutures in North America.

The United States have one of the most developed healthcare infrastructures, on the back of which the market for surgical suture will get benefited. The U.S. surgical sutures market is also being driven by the presence of local and global players in the region.

Strong domestic prosperity, expanding government programs, and rapid technical innovations and favorable reimbursement scenarios are few other elements that are positively influencing the growth of the surgical sutures market in the U.S.

Why Asia Pacific is Expected to Witness the Fastest Growth in Surgical Sutures Market?

Asia Pacific region is estimated to gain 130 BPS in the market over 2022 to 2032. Increasing population size and high prevalence rate of medical conditions are the key drivers of the target market in the region.

Asia Pacific also represents rapidly growing economies of India, China & Japan where improving accessibility to healthcare is of utmost focus. Under the influence of this, emerging manufacturers can benefit in the regional market by collaborating with local surgeons that will aid product development and innovation for increased commercial acceptance.

Category-wise Insights

Why Absorbable Surgical Sutures Are Highly in Demand?

In terms of product type, absorbable surgical sutures are predicted to command at least 62% of the global market throughout the forecast period. The higher demand for absorbable surgical sutures is owed to the fact that it eliminates the need for second appointment to remove the suture. Absorbable sutures get assimilated and absorbed by the body, reduces or gets rid of the possibility of infection and scarring etc.

Furthermore, absorbable surgical sutures have the ability to provide enough tensile strength for wound closure while eventually dissolving. Due to this, it is in great demand all over the world.

Why do Cardiovascular Procedures Ascribe the Largest Market Share Against Other Applications?

Cardiovascular treatment lead the largest market share by application in 2021, and it is further expected to expand at a CAGR of 3.4% over the predicted period.

Cardiovascular diseases are one of the most prominent cause of death, accounting for 17.5 million fatalities annually. Sutures help seal targeted incisions in the body to repair these diseases. With 80% of cardiovascular illness led deaths taking place in low- and middle-income nations, surgical sutures are expected to experience huge demand in low to middle income nations.

Competitive Landscape

Prominent surgical sutures manufacturers are Peters Surgical, Smith & Nephew Plc., Johnson & Johnson, B. Braun, Boston Scientific Corporation, Medtronic Plc., Arthrex Inc., Sutures India Pvt. Ltd, Centenial Surgical Suture Ltd, Assut Medical S.R.L

Many businesses that compete in the international surgical sutures industry are stepping up their R&D efforts. Making innovative items is the main objective of this strategy. The market for surgical sutures is very competitive due to the presence of multiple major companies. To obtain a competitive edge, some of these businesses are using diverse tactics including mergers and acquisitions, collaborations, and the development of new products.

• In February, 2021, Corza acquired Surgical Specialties Corp., a supplier of surgical sutures and ophthalmic knives. This has helped the company to expand their product portfolio.
• In March, 2021, Peter surgical has acquired the German company Catgut. This has help the company to strengthen their global presence.

Fact.MR has provided detailed information about the price points of key manufacturers of Surgical sutures positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of surgical sutures Industry Research

• By Product Type :

  • Absorbable
  • Non- Absorbable

• By Source :

  • Natural
  • Synthetic
    • Monofilament
    • Braided
  • Coated
  • Uncoated

• By Application :

  • Cardiovascular 
  • General Surgery 
  • Ophthalmic 
  • Orthopedic 
  • Dental 
  • Gastroenterology 
  • Gynecology 
  • Plastic Surgery 
  • Veterinary 

• By End-user :

  • Hospital Laboratories
  • Specialized Clinics
  • Ambulatory Surgical Centers
  • Veterinary Hospitals
  • Veterinary Clinics

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & ASEAN
  • Oceania
  • MEA