Global Absorbable and Non-Absorbable Sutures Market, By Product Type (Automated Suturing Devices, Sutures), Surgery Type (Cardiovascular, Orthopedic, Gynecology, Opthalmology, General Surgery, Others), End Users (Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Others) – Industry Trends and Forecast to 2030.
Absorbable and Non-Absorbable Sutures Market Analysis and Size
The rising prevalence of chronic disorders, increased emphasis on medical device R&D capabilities, and adoption of advanced healthcare technologies will accelerate the growth of the absorbable and non-absorbable suture market. Furthermore, increasing road accidents worldwide will be a major factor influencing market growth. Another important factor influencing the growth rate of absorbable and non-absorbable suture markets is the increased medical and health tourism in countries such as India and South Korea.
Data Bridge Market Research analyses that the absorbable and non-absorbable sutures market which is USD 3.6 billion in 2022, is expected to reach USD 5.74 billion by 2030, at a CAGR of 6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Absorbable and Non-Absorbable Sutures Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Automated Suturing Devices, Sutures), Surgery Type (Cardiovascular, Orthopedic, Gynecology, Opthalmology, General Surgery, Others), End Users (Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Thermo Fisher Scientific Inc. (U.S.), Siemens Healthcare GmbH (Germany), Seegene Inc (South Korea), FastSense Diagnostics (India), Curetis (Germany), SolGent Co., Ltd (South Korea), Mologic (U.S.), Abbott (U.S.), altona Diagnostics GmbH (India), F. Hoffmann-La Roche Ltd (Switzerland), QIAGEN (Germany), BioMaxima (France), CTK Biotech, Inc (U.S.), VivaChek Biotech (Hangzhou) Co., Ltd. (India), Sensing Self, PTE. Ltd (Singapore), Hangzhou Biotest Biotech Co., Ltd. (China), B. Braun SE (Germany), Smith+Nephew (U.K.), Integra LifeSciences Corporation (U.S.), Boston Scientific Corporation (U.S.), Medtronic (Ireland), Surgical Specialties Corporation (U.S.), and Zimmer Biomet (U.S.)
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Market Opportunities
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Market Definition
Sutures are surgical instruments that are also known as stitches or surgical threads. They are used in surgeries to connect the wound's margins, allowing it to heal faster. These procedures can be performed on either the internal or external body systems to help with tissue healing. Depending on the needs of the case, different sutures are available on the market, with varying thicknesses or materials depending on the procedure. An absorbable suture, also known as a resorbable or biological suture, can be broken down by the body's enzymatic activity over time (dissolves). These fibres will gradually dissolve as they are incorporated into natural bodily processes such as inflammation and tissue turnover. A non-absorbable suture is a medical device made of materials that do not dissolve in the body.
Absorbable and Non-Absorbable Sutures Market Dynamics
Drivers
- Rising geriatric population and increasing number of surgeries
The non-absorbable suture market is expected to expand rapidly due to an ageing population and an increase in the number of surgeries. According to The American Geriatrics Society, the population of people 65 and older in the United States is rapidly growing, with the number expected to double to 89 million between 2010 and 2050. The rise in the number of surgical procedures is due to an increase in cardiovascular disease cases and people's desire to improve their physical appearance (thus increasing the number of cosmetic surgical procedures). In 2018, more than 17.7 million surgical and minimally invasive cosmetic procedures were performed in the United States, according to the American Society of Plastic Surgeons (ASPS).
- Increasing number of road accidents
According to the World Health Organization, road traffic accidents kill approximately 1.3 million people and injure between 20 and 50 million more. Non-absorbable surgical sutures are required for the closure of wounds and injuries sustained in an accident. As a result, an increase in the number of accidents is likely to increase the demand for sutures.
Opportunities
- Rising number of cosmetic (plastic) surgeries
According to the WHO, there will be more than 1.5 billion people aged 60 and up by 2050. This will primarily increase the number of cosmetic (plastic) surgeries and cardiovascular procedures (where there is significant blood loss), supporting demand for non-absorbable sutures. Another major factor driving market growth is technological innovation, which includes the refinement of suturing materials through the availability of sutures designed for specific surgical procedures, eliminating some of the difficulties that surgeons previously encountered during closure and decreasing post-operative infections. For instance, Covidien PLC (U.S.), introduced the V-Loc PBT Polybutester, the first non-absorbable, uni-directional barbed suture, which enabled efficient over sewing of staple lines and assisted in closing incisions efficiently to improve wound closure surgeries.
Restraints/Challenges
- High cost
High maintenance costs and a lack of product innovation will slow market growth. The shortage of skilled professionals in the healthcare sector and an unfavourable reimbursement scenario will pose a challenge to the market. Furthermore, rising pricing pressure among manufacturers and increased availability and demand for advanced wound closure materials will act as market restraints and slow the market's growth rate.
This absorbable and non-absorbable sutures market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the absorbable and non-absorbable sutures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Absorbable and Non-Absorbable Sutures Market Scope
The absorbable and non-absorbable sutures market is segmented on the basis of product type, surgery type and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Automated Suturing Devices
- Disposable
- Reusable
- Sutures
- Absorbable
- Natural
- Synthetic
- Non-absorbable
- Nylon
- Prolene
- Stainless steel
Surgery Type
- Cardiovascular
- Orthopedic
- Gynecology
- Opthalmology
- General Surgery
- Others
End Users
- Hospitals
- Ambulatory Centers
- Clinics
- Community Healthcare
- Others
Absorbable and Non-Absorbable Sutures Market Regional Analysis/Insights
The absorbable and non-absorbable sutures market is analyzed and market size insights and trends are provided by country, product type, surgery type and end users as referenced above.
The countries covered in the absorbable and non-absorbable sutures market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the absorbable and non-absorbable sutures market due to the growing government investment for enhancement of healthcare infrastructure.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the rise in the demand for efficient and minimal invasive surgery and technological advancements in this region due to the increasing number of cases of chronic disorders and trauma surgeries in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The absorbable and non-absorbable sutures market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for absorbable and non-absorbable sutures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the absorbable and non-absorbable sutures market. The data is available for historic period 2011-2021.
Competitive Landscape and Absorbable and Non-Absorbable Sutures Market Share Analysis
The absorbable and non-absorbable sutures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to absorbable and non-absorbable sutures market.
Some of the major players operating in the absorbable and non-absorbable sutures market are:
- Thermo Fisher Scientific Inc. (U.S.)
- Siemens Healthcare GmbH (Germany)
- Seegene Inc (South Korea)
- FastSense Diagnostics (India)
- Curetis (Germany)
- SolGent Co., Ltd (South Korea)
- Mologic (U.S.)
- Abbott (U.S.)
- altona Diagnostics GmbH (India)
- F. Hoffmann-La Roche Ltd (Switzerland)
- QIAGEN (Germany)
- BioMaxima (France)
- CTK Biotech, Inc (U.S.)
- VivaChek Biotech (Hangzhou) Co., Ltd. (India)
- Sensing Self, PTE. Ltd (Singapore)
- Hangzhou Biotest Biotech Co., Ltd. (China)
- B. Braun SE (Germany)
- Smith+Nephew (U.K.)
- Integra LifeSciences Corporation (U.S.)
- Boston Scientific Corporation (U.S.)
- Medtronic (Ireland)
- Surgical Specialties Corporation (U.S.)
- Zimmer Biomet (U.S.)
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