The importance of sutures in preventing complications such as wound dehiscence and infection underscores their crucial role in the healthcare industry. Sutures contribute to successful wound closure, reducing the risk of complications that could impede patient recovery. In the context of the sutures market, this significance translates into a growing demand for high-quality sutures and innovative closure technologies. Healthcare providers and surgeons seek reliable and efficient sutures to enhance patient outcomes, minimize postoperative complications, and optimize healthcare costs.
According to Data Bridge Market Research analyses, the Global Sutures Market, which was USD 3.94 billion in 2022, is expected to reach up to USD 6.58 billion by 2030 and is expected to undergo a CAGR of 6.6% from 2023 to 2030.
"Rise in prevalence of chronic diseases worldwide boosts the market growth"
The rising prevalence of chronic diseases worldwide is a significant driver for the global sutures market. Chronic conditions such as cardiovascular diseases, diabetes, and obesity often require surgical interventions, leading to an increased demand for sutures in medical procedures. As the aging population grows and lifestyles contribute to the surge in chronic ailments, the need for surgeries and wound closures escalates, propelling the demand for sutures.
What restraints the growth of the global sutures market?
“Availability and adoption of alternative wound closure methods hinder the market growth”
The availability and adoption of alternative wound closure methods, such as surgical staples, tissue adhesives, and hemostats, significantly restrain the global sutures market. Compared to traditional sutures, these alternatives offer quicker application, reduced tissue trauma, and enhanced patient comfort. As healthcare providers increasingly opt for these alternative solutions, the demand for traditional sutures may experience a decline.
Segmentation: Global Sutures Market
The global sutures market is segmented on the basis of product type, type, form, application, and end-user,
- On the basis of product type, the global sutures market is segmented into suture threads, and automated suturing devices
- On the basis of type, the global sutures market is segmented into multifilament sutures, and monofilament sutures
- On the basis of form, the global sutures market is segmented into natural, and synthetic
- On the basis of application, the global sutures market is segmented into cardiovascular surgery, general surgery, gynecological surgery, orthopedic surgeries, ophthalmic surgery, cosmetic and plastic surgery, neurological surgery, and other applications
- On the basis of end-user, the global sutures market is segmented into hospitals, ambulatory surgical centers, clinics and physician offices
Regional Insights: North America dominates the Global Sutures Market
North America dominates in the sutures market due to a robust network of healthcare facilities and the substantial presence of key industry players. The region's exceptional healthcare infrastructure and a large population grappling with chronic illnesses and injuries further solidify its market supremacy. These factors collectively contribute to the high demand for sutures, making North America a pivotal hub for the industry.
The Asia-Pacific is expected to experience substantial growth from 2023 to 2030, driven by heightened government initiatives supporting healthcare, increasing health consciousness, and a rising demand for cutting-edge medical technology. The region's significant population and growing awareness of health issues contribute to the expanding demand for advanced diagnosis and treatment procedures.
To know more about the study, visit https://www.databridgemarketresearch.com/ru/reports/global-sutures-market
Recent Developments in the Global Sutures Market
- In May 2021, Ethicon unveiled the STRATAFIX™ Spiral PDS™ Plus Knotless Tissue Control Device in the U.S., revolutionizing surgical procedures with secure tissue approximation and knot-free closure
- In February 2021, B. Braun introduced SUTUMED COATED VICRYL Plus antibacterial sutures in Europe, featuring triclosan coating to mitigate surgical site infection risks effectively
- In June 2021, Surgical Specialties Corporation launched the Quill™ PDO MAX knotless tissue-closure device in the U.S., enhancing wound closure security with barbed sutures and a larger size
- In September 2020, Smith+Nephew debuted the NOVOSTITCH PRO Meniscal Repair System in Europe, expanding meniscal repair options and reducing the need for meniscectomy for around 600,000 European patients annually
The Prominent Key Players Operating in the Global Sutures Market Include:
- Johnson & Johnson Private Limited (U.S.)
- Medtronic (Ireland)
- B. Braun Melsungen AG (Germany)
- Smith+Nephew (U.K)
- Boston Scientific Corporation (U.S.)
- BD (U.S.)
- DemeTECH Corporation (U.S.)
- Peters Surgical (France)
- Siemens (Germany)
- DemeTECH Corporation (U.S.)
- Thermo Fisher Scientific Inc., (U.S.)
- Apollo Endosurgery, Inc. (U.S.)
- Corza Medical (U.S.)
- Ergon Sutramed S.r.l. (Italy)
- CONMED Corporation (U.S.)
- Zimmer Biomet (U.S.)
- W. L. Gore & Associates, Inc. (U.S.)
- Integra LifeSciences Corporation (U.S.)
- Medline Industries, Inc. (U.S.)
- Mellon Medical B.V. (Netherlands)
Above are the key players covered in the report, to know about more and exhaustive list of global sutures market companies contact, https://www.databridgemarketresearch.com/ru/contact
Research Methodology: Global Sutures Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
