Global Surgical Sutures Market by Filament (Monovalent, Multivalent), by Type (Nonabsorbable, Absorbable) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global surgical sutures market was valued at USD 3,5 billion in 2017. It is forecast to grow at 6.5% CAGR over the forecast period. The market is expected to grow due to an increase in surgeries and an aging population.

Market demand is expected to rise due to improved safety and efficacy in various surgeries. Market growth will be further accelerated by key companies' initiatives, including acquisitions and partnerships for product development and distribution.

The future will see an increase in surgeries and the market due to flexible government regulations, the aging baby boomers and the introduction technologically advanced products. In the United States, for example, 64 million surgeries are performed each year. These range from open-heart procedures to tooth extractions.

Other key factors that will drive growth are increased awareness of surgeries in developing regions, investments by market players, as well as the development of imaging and diagnosis techniques.

Type Insights

The market is segmented by type into absorbable and not-absorbable sutures. The market's largest share was held by absorbable suture in 2017, and it is expected to continue its dominance during the forecast period. The suture's ability to temporarily support a wound while it heals can explain this. It is also cost-effective as it dissolves in your body after a set period.

Nonabsorbable sutures can be used for skin wound closure. They can be used in situations where the stitches are not able to be removed within a few weeks, or in stressful environments where absorbable sutures cannot meet the need. Nonabsorbable sutures are made of special silk, nylon, stainless steel wires and synthetic polypropylene.

Filament Insights

The sutures market can be divided into monofilament or multifilament sutures based on the type of filament. Multifilament had the largest market share due to its strength, flexibility and pliability. The segment will be driven by a greater number of complex surgeries, more products and a higher cost than monovalent sutures in the future.

Application Insights

The market for surgical sutures can be divided by application into four categories: ophthalmic, cardiovascular, orthopedic, and neurological. The largest market share was held by cardiovascular surgery in 2017, and it is projected to grow at the fastest CAGR over the forecast period. This is due to increasing cardiovascular disease incidence and technological advances in surgical instruments, diagnostics, and imaging.

Other segments include gynecology, obstetrics, urology, general surgery, oral surgery, and gynecology. This segment will be impacted by an increase in obesity and women's health problems over the forecast period.

Regional Insights

North America possessed the largest market share, with more than 40% market share in 2017. This is due to factors such as high adoption of technology, high income and the presence of large companies in the region. Ethicon and Medtronic are strong players in the region.

Asia Pacific is expected grow rapidly over the forecast period due to the introduction and use of advanced technology by market players, the high volume of surgeries and the growing disposable income of consumers. The Asia Pacific region is dominated by India, Japan, China and Japan. Another key factor in the growth of the region's surgical procedures and thus the sutures market is the increasing popularity of medical tourism.

Market Share in Surgical Sutures

Medtronic and Ethicon are some of the largest companies in the global market. Ltd., Internacional Farmaceutica. Peters Surgical and Integra LifeSciences. Companies use M & A and collaborate to increase their global presence.

Integra LifeSciences purchased Derma Sciences in February 2017. Integra LifeSciences was able to increase their product line and double their number of sales channels for wound care.

Market Report Scope for Surgical Sutures

The Report Covers Certain Segments

This report forecasts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2014 to 2025. Up Market Research segmented the global market for surgical sutures based on type, filament, applicaiton, and region.

• Type Outlook (Revenue USD Million, 2014-2025)

  • Absorbable

  • Nonabsorbable

• Filament Outlook (Revenue USD Million, 2014-2025)

  • Monovalent

  • Multivalent

• App Outlook (Revenue USD Million, 2014-2025)

  • Ophthalmic Surgery

  • Cardiovascular Surgery

  • Orthopedic Surgery

  • Neurological Surgery

  • Other

• End Use Outlook (Revenue USD Million, 2014-2025)

  • Hospitals

  • Ambulatory Surgical Centers & Clinics

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • Spain

    • Italy

    • France

    • U.K.

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global surgical sutures market was valued at USD 4,048.4 Million in 2019, and is forecast to grow to USD 4,300.4 Million in 2020.

b. Global surgical sutures will grow at 6.5% compound annual growth rate between 2019 and 2025, to reach USD 5,910.2 millions by 2025.

b. With a 41.0% share in 2019, North America was the market leader for surgical sutures. This can be attributed to the adoption and high level of domestic income as well as the presence of large companies in the area.

b. Medtronic, Ethicon and Smith & Nephew are some of the key players in the surgical sutures industry. Sutures India Pvt. Ltd. Ltd., Internacional Farmaceutica. Peters Surgical and Integra LifeSciences.

b. Market growth is driven by a number of factors, including an increase in surgeries due to unhealthy lifestyles and an aging population and initiatives such as acquisitions or partnerships undertaken by key companies to support product development and distribution.

Up Market Research published a new report titled “Surgical Sutures Market research report which is segmented by Filament (Monovalent, Multivalent), by Type (Nonabsorbable, Absorbable), By Players/Companies Medtronic, Integra LifeSciences, Internacional Farmac©utica, Sutures India Pvt Ltd, Smith & Nephew, P©ters Surgical, Ethicon”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Surgical Sutures Market Report Segments:

The market is segmented by Filament (Monovalent, Multivalent), by Type (Nonabsorbable, Absorbable).

Surgical Sutures Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Surgical Sutures Market

Overview of the regional outlook of the Surgical Sutures Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Surgical Sutures Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Surgical Sutures Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Monovalent

                2. Multivalent

                1. Nonabsorbable

                2. Absorbable

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Surgical Sutures Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Surgical Sutures Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.