Surgical Sutures Market Overview
Surgical sutures are sterile medical devices used to hold body tissues together after an injury or surgery. They are employed to close wounds, secure surgical incisions, and aid in the healing process by maintaining tissue alignment, promoting wound healing, and minimizing infection risks. Sutures can be made from natural or synthetic materials and are available in absorbable forms, which the body can break down over time, or non-absorbable forms, which must be removed once the wound has healed sufficiently.
The global surgical sutures market is presently worth USD 4,400 million and is poised to amplify at a CAGR of 5.8% over 2023-2033, thereby amassing a valuation of USD 6,500 million by end of the assessment timeframe.
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Competitive Analysis
- Assut Medical S.r.L
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Centenial Surgical Suture Ltd.
- CONMED Corporation
- DemeTech Corporation
- Ethicon Inc.
- Internacional Farmacéutica S.A. De C.V.
- Johnson & Johnson
- Medtronic Plc.
- Mellon Medical B.V.
- Peters Surgical
- Smith & Nephew Plc.
- Surgical Specialties Corporation
- Sutures India Pvt. Ltd.
- Arthrex, Inc.
- Teleflex Incorporated.
Global Surgical Sutures Market- Segmental Analysis
By Product
Automated Suturing Devices
- Disposable
- Reusable
Sutures
- Absorbable
- Non-absorbable
By Material
- Monofilament
- Multifilament
By Application
- Cardiovascular Surgeries
- General Surgeries
- Gynecological Surgeries
- Orthopedic Surgeries
- Ophthalmic Surgeries
- Other Surgeries
By End User
- Hospitals
- Advancing Surgical Care
- Veterinary Hospitals
- Specialty Clinics
- Others
Key Driving Factors
The major factors responsible for the growth of this market are:
- Growing number of surgical cases worldwide
- Increasing healthcare expenditure
- Positive scenarios of reimbursement
The increase in the number of surgical cases can be attributed to the improvised healthcare facilities, such as growing number of hospitals, clinics, and operating facilities, especially in countries with developing economy. Increased disposable income has led to the tremendous rise in healthcare expenditure, resulting in more number of surgeries, thereby boosting the growth of the surgical sutures market.
In developed nations, the growth of this market is mainly due to the rising aging population, which in turn calls for an increased demand for all kinds of surgical procedures, especially cardiovascular, orthopedic, urological, and dermatological procedures.
Advancements in technologies, growing aging population, suitable regulations and policies, and the high disposable income have contributed to the growth of this market in the Americas and Europe. The market in the Asia-Pacific is anticipated to show significant growth, owing to the growing medical tourism industry, rising population in China and India, unmet healthcare needs, increasing cases of chronic diseases that require surgical procedures, and suitable reimbursement methods.
Highlights of the report:
- Detailed information on the latest industry trends, opportunities and challenges
- In-depth analysis of the drivers and barriers to growth
- Competitive landscape made up of investments, agreements, contracts, new product launches, strategic collaborations and mergers and acquisitions
- List of segments and niche areas
- Full details on the strategies adopted by the main players
With tables and figures helping analyze global Surgical Sutures Market trends, this research provides key statistics on the state of the industry and is a valuable source of advice and guidance for businesses and individuals interested in the Market.
The report attempts to offer answers on:
- What’s the projected growth rate CAGR by the 2033?
- How big is the Surgical Sutures market anticipated to be throughout the estimated period?
- Who are the major market participants in the market?
- What are the main restraints ahead of Surgical Sutures market players?
- Which are the key segments in the market?
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