Technological Advancements Accelerating Adoption of Surgical Sutures
In the last few years, some of the major technological advancements have taken place in the global surgical suture market. Such industrial activity has led to increased product adoption of surgical sutures and demand. In comparison with other wound closure products available in the market, the usage of surgical sutures has increased fairly well.
Some of the technical advancements that have been incorporated in these sutures include the use of different kinds of synthetic materials with exceptional tissue holding properties and almost zero risk of infection and scar formation.
Additionally, there have been ongoing developments to improve suture coatings, braiding technologies, and antibacterial coatings. Currently in the market, only one product named Triclosan-coated polyglactin 910 or Vicryl Plus Antibacterial developed by Ethicon is available, which has been found to reduce surgical site infection rate by 30 per cent.
Besides, handling and tension force of these sutures was found to be comparable to standard surgical suture products.
Consistent Rise in the Number of Surgical Procedures Conducted a Strong Market Driver
Over the years, increase in the number of surgical procedures has led to further expansion of the healthcare industry, with establishments such as hospitals and ambulatory surgical centers growing. It has also resulted in increased end-user demand for surgical devices including surgical sutures.
Furthermore, growing number of veterinary and specialized clinics is also driving the growth of the market of surgical sutures. According to National Centre for Health Statistics, in 2009, around 48 million surgical procedures were carried out in the United States.
Growing number of trauma patients as well as upsurge in hospitals and other healthcare centres is also anticipated to increase the demand for surgical sutures in the forecast period.
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Growing Healthcare Sector in Emerging Nations Will Favor Surgical Suture Demand
Many Asian countries have evolved to exhibit steady regional growth with improvement in healthcare infrastructure. Countries such as India and China, with their favorable government support are expanding their National Health Insurance to cover more treatment procedures including those incorporating surgical sutures.
Besides, relaxation in custom duties will also boost the surgical sutures market growth in untapped markets of emerging regions.
In emerging nations, the absorbable sutures segment is anticipated to expand rapidly and could be the main driver behind the growth of the surgical sutures market in countries such as India, China, and Brazil. Increased demand for absorbable surgical sutures, along with high Average Selling Price (ASP) could lead to more dynamic growth of this segment in comparison to traditional non-absorbable ones.
International Trade Agreements Boosting the Market Growth
Many trade agreements around the world are anticipated to boost the demand for surgical sutures in the forecast period. For instance, U.S-based medical device manufacturers, including those manufacturing wound closure devices such as surgical sutures, are of the opinion that there are many advantages of exporting their products under international trade agreements.
In North America, Under North America Free Trade Agreement (NAFTA) and Trans-Pacific Partnership (TPP). NAFTA, the U.S., Canada, and Mexico have removed custom and trade duties imposed and restrictions on medical devices and according to an estimate, nearly US$ 20.5 trillion of goods and services are generated in the region, boosting the growth of the surgical sutures market.
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Increasing Usage of Alternative Methods May Hinder the Market Growth
It is anticipated that the increasing usage of alternative methods of wound closure would downgrade the global market growth of surgical sutures. Other wound closure products such as skin adhesives, hemostats, staples, and tissue sealants are expected to hinder the growth of the global surgical sutures market. Moreover, companies in the global surgical sutures market face stiff competition across their product lines and compete with companies both at local and global level.
Lately, there has been increased growth in laparoscopic procedures that can affect the growth of the surgical sutures market. Compared to other open surgeries, laparoscopic procedures require few units of surgical sutures. Smaller incisions and use of more precise devices on patients would cause less bleeding and lesser chances of developing post-surgical complications. As more and more specialties are increasingly adapting to minimally invasive procedures, the expansion of surgical sutures and suturing devices becomes limited.
Surgical Sutures Definition
In the medical devices market, wound closure devices such as surgical sutures, are used for holding tissue together after a trauma injury or after surgery to fasten the wound healing process. These can be used on internal tissues & organs, wounded skin, and blood vessels. These can of two types absorbable and non-absorbable sutures. All surgical sutures that are used in various surgical procedures and trauma cases are included in this category.
An absorbable surgical suture that is used in surgery is absorbed or broken down by the human body after a given period of time. A non-absorbable surgical suture is made up of a material that is unaffected by biological body mechanisms and needs to be removed after a specified time.
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About the Surgical Sutures Market Report
FMR has conducted a research study on the surgical sutures market for the forecast period 2019 to 2029. The report offers a comprehensive evaluation of the business opportunities available in the surgical sutures market, along with insights on the surgical sutures market spending analysis base by region, market trends, and regulatory scenario.
The surgical sutures market report elaborates on the macro-economic factors influencing the dynamics of the market and its futuristic potential.
Additional Questions Answered
Some of the additional questions addressed in this report on the surgical sutures market are:
- What is the revenue potential of the surgical sutures market across the regions of North America and Europe?
- Who are the key competitors and what are their portfolios in the surgical sutures market?
- What are the major challenges influencing the growth of the surgical sutures market?
- How is the intervention of regulatory authorities shaping the growth of the surgical sutures market?
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Surgical Sutures Market - Forecast, Trend Analysis & Competition Tracking- Market Review 2014-2029
A recent market study published by the company on the surgical sutures market includes the forecast, trend analysis & competition tracking, along with market review for 2014-2029. It consists of a comprehensive assessment of the most important market dynamics.
Upon conducting thorough research on the historical as well as current growth parameters of the surgical sutures market, the growth prospects of the market have been obtained with maximum precision. The report features unique and salient factors that will have a significant impact on the development of the surgical sutures market during the forecast period.
The report will also help market players to modify their manufacturing and marketing strategies to envisage maximum growth in the surgical sutures market in the upcoming years. The report provides detailed information about the current and future growth prospects of the surgical sutures market in a comprehensive manner for the better understanding of the readers.
Chapter 01 – Surgical Sutures Market - Executive Summary
The report commences with an executive summary of the surgical sutures market report, which includes a summary of the key findings and statistics of the market. It also includes the market analysis (US$ million) estimates of the leading segments of the surgical sutures market and market trends.
Chapter 02 – Surgical Sutures Market - Market Introduction
The market introduction section comprises detailed market definitions. Readers can find detailed taxonomy and the definitions associated with the surgical sutures market in this chapter, which will help them gather basic information about the surgical sutures market.
Chapter 03 – Surgical Sutures Market - Key Trends
Key market trends include supply-side and demand-side trends for the surgical sutures market by region, macro-economic factors, and regulatory scenario across regions.
Chapter 04 – Surgical Sutures Market - Key Success Factors
This section provide insights on the adoption of surgical sutures as well as recent deals.
Chapter 05 – Surgical Sutures Market Volume Analysis 2014–2018 and Forecast 2019–2029
This section provide provides volume analysis for the surgical sutures market.
Chapter 06 – Surgical Sutures Market Context
This section highlights the average prices of absorbable and non-absorbable surgical sutures in different regions across the globe. The pricing benchmark for manufacturer-level pricing and distributor-level pricing is analysed in this section.
Chapter 07 – Global Surgical Sutures Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This section provides value analysis for the surgical sutures market at a global level.
Chapter 08 – Surgical Sutures Market - Market Background
This section contains major indices for the surgical sutures market. Some of them include the market trends, drivers, opportunities, and restraints.
Chapter 09 – Global Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029, by Product Type
This section covers the surgical sutures market analysis by product type. The segments covered in this section are absorbable and non-absorbable surgical sutures.
Chapter 10 – Global Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029, by Raw Material
The raw material segment of the surgical sutures market is sub-segmented into polyglycolic acid absorbable surgical sutures, polyglactin absorbable surgical sutures, catgut absorbable surgical sutures, poliglecaprone absorbable surgical sutures, polydioxanone absorbable surgical sutures, polypropylene non-absorbable surgical sutures, nylon (poylamide) non-absorbable surgical sutures, polyester non-absorbable surgical sutures, polyvinylidene fluoride (PVDF) non-absorbable surgical sutures, silk non-absorbable surgical sutures, and stainless steel non-absorbable surgical sutures.
Chapter 11 – Global Surgical Sutures (US$ Mn) Analysis & Forecast 2014-2029, by Source
The source segment of the surgical sutures market is segmented into natural, synthetic, coated, and uncoated. This section provides the reader global insight of the market by source.
Chapter 12 – Global Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029, by Application
The application segment of the surgical sutures market is segmented into cardiovascular procedures, general surgery procedures, ophthalmic procedures, orthopedic procedures, dental procedures, gastroenterology procedures, gynaecology procedures, plastic surgery procedures, and veterinary procedures. This section provides the reader a global insight of the market by application.
Chapter 13 – Global Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029, by End User
The end user segment of the surgical sutures market is segmented into hospitals, clinics, ambulatory surgical centres, emergency medical services, and veterinary hospitals veterinary clinics. This section provides the reader a global insight of the surgical sutures market by end user.
Chapter 14 – Global Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029, by Region
By region, the surgical sutures market is segregated into 7 major regions, namely North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa. In this chapter, readers can find information about the key trends and developments in the surgical sutures market and the market attractiveness analysis for individual regions pertaining to the product type, raw material, source, end user, and application in the surgical sutures market.
Chapter 15 – North America Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029
This chapter includes a detailed analysis of the growth of the North America surgical sutures market, along with a country-wise assessment for the U.S. and Canada. Readers can also find information about the regional market growth based on the product type, source, application, raw material, application, end user and countries in the North America region.
Chapter 16 – Latin America Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029
Readers can find detailed information about factors, such as the key regulations and regional trends that are impacting the growth of the Latin America market. This chapter also discusses the growth prospects for the market in the region. Drivers and restraints impact analysis for various forecast factors for the region is also given in this section.
Chapter 17 – Europe Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029
The growth prospects of the Surgical Sutures market are based on product type, application, source, material type and end user in several European countries, such as the U.K., Germany, France, Italy, Spain, Russia and Rest of Europe have been included in this chapter. Country-wise market size and market attractiveness index have also been included in this section.
Chapter 18 – South Asia Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029
India, Malaysia, Indonesia, and Thailand are the leading countries in the South Asia region, which are the prime subjects of assessment to obtain the growth prospects of the South Asia surgical sutures market in this chapter.
Chapter 19 – East Asia Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029
China, Japan and South Korea are the leading countries in the East Asia region, which are the prime subjects of assessment to obtain the growth prospects of the East Asia surgical sutures market in this chapter.
Chapter 20 – Oceania Surgical Sutures Market Analysis (US$ Mn) Analysis & Forecast 2014-2029
Australia & New Zealand are the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania surgical sutures market in this chapter.
Chapter 21 – Middle East and Africa Surgical Sutures Market Analysis 2014–2018 and Forecast 2019–2029
This chapter provides information about how the market will grow in the major countries of MEA region such as GCC, Turkey, and South Africa, during the period 2014–2029. Country-wise market size and market attractiveness index has also been included in this section.
Chapter 22 – Emerging Countries Surgical Sutures Market Analysis 2014–2018 and Forecast 2019–2029
This chapter provides information about how the market will grow in major countries such as China, India, and Brazil during the period 2014–2029. Country-wise market size and market attractiveness index has also been included in this section.
Chapter 23 – Market Structure Analysis
This section covers the market structure for the manufacturers in the surgical sutures market. Manufacturers are classified into tiers on the basis of their revenue generation.
Chapter 24 – Competition Analysis
This section covers the competition dashboard for all key manufacturers in the surgical sutures market. The company profiles for various key manufacturers are also mentioned in this section. Company profiles included are Johnson & Johnson (Ethicon Inc), B. Braun Melsungen AG, Medtronic Plc, Boston Scientific Corp Arthrex Inc, Peters Surgical, Sutures India Pvt Ltd, and Centenial Surgical Suture Ltd.
Chapter 25 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in this report.
Chapter 26 – Research Methodology
This chapter will helps readers understand the research methodology followed to obtain various conclusions and important qualitative & quantitative information about the surgical sutures market.
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