Sutures Market Size to Reach USD 6.12 Billion by 2029
Global Sutures Market report gives description about the complete market analysis with inputs from industry experts. Furthermore, businesses can decide upon the strategies about the product, customer, key player, sales, promotion or marketing by acquiring a detailed analysis of competitive markets. This global market research report has complete overview of the market, covering various aspects such as product definition, segmentation based on various parameters, and the prevailing vendor landscape. A high quality Global Sutures Market report also demonstrates supportive data related to the dominant players in the market such as product offerings, revenue, segmentation, and business synopsis.
In recent years, the number of surgical procedures has risen worldwide. According to the WHO’s 2016 report, the global surgical rate was predicted to be 4,469 operations per 100,000 people per year, with vehicle accidents and related trauma being the most common cause of surgical treatment. Moreover, the growth determinants such as availability of advanced technologies and growing procedural safety, which increase the popularity of these procedures across the globe further leads to a significant growth opportunity to players in the surgical sutures market. Consequently, the market is projected to show substantial growth over the forecasted period.
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Global Sutures Market was valued at USD 3.7 billion in 2021 and is expected to reach USD 6.12 billion by 2029, registering a CAGR of 6.5% during the forecast period of 2022-2029. The “suture threads” accounts for the largest pathogen segment in the sutures market within the forecasted period due to the greater preference for suture threads for the wound closure and their relatively more economic viability. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
The suture is one of doctors’ most common medical devices during surgery. After an accident or surgery, a suture keeps the body’s tissues together by maintaining their structural integrity or holding them together as required. A needle and a connected thread are typically used to perform a suture. Medical practitioners now generally utilize surgical sutures of various sizes, shapes, and thread materials, depending on the intricacy of the surgery to be conducted.
Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Recent Developments
- In September 2020, Smith+Nephew, a worldwide medical technology company, announced the introduction of its NOVOSTITCH PRO Meniscal Repair System in Europe. The NOVOSTITCH PRO Meniscal Repair System provides meniscal repair choices to about 600,0001 European patients each year who previously only had the option of having their menisci removed. The NOVOSTITCH PRO Meniscal Repair System was created to allow surgeons to repair more meniscal tears and bridge the gap after a meniscectomy.
- In December 2020, the Zimmer Biomet acquired A&E Medical Corporation, a Vance Street Capital Portfolio Company, and its sternal closure portfolio. The transaction was finalised for $150 million at close, with the remaining $100 million payable in cash in 2021.
Some of the major players operating in the sutures market are
- 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)
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Drivers
- Growing Surgical Procedures
The increasing number of surgical procedures is the most significant factor driving the growth for this market. Moreover, the aging population is at a higher risk of chronic diseases and conditions and requires frequent surgeries are also expected to accelerate the overall growth of the market.
Moreover, the rise in popularity of cosmetic surgeries also cushions the market’s growth within the forecasted period. Furthermore, the expanding healthcare sector along with the favorable reimbursement scenario are also expected to fuel market growth. The increase in awareness about novel surgeries combined with the increased cosmetic and aesthetic procedures across the globe is also projected to bolster the market’s growth.
Opportunities
- The Advancements of Sutures
Moreover, the launch of advanced sutures along with growth in personalized medications are estimated to generate lucrative opportunities for the market. The development of advanced sutures such as film coated sutures will further offer numerous growth opportunities for the market.
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Sutures Market Scope
The sutures market is segmented on the basis of product type, type, form, application and end user. 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
- Suture Threads
- Automated Suturing Devices
On the basis of product type, the sutures market is segmented into suture threads and automated suturing devices. Suture threads have further been segmented into absorbable sutures and non-absorbable sutures. Absorbable sutures are further sub-segmented into synthetic sutures and natural sutures. Synthetic sutures are also further sub-segmented into polyglactin 910 sutures, poliglecaprone 25 sutures, polydioxanone sutures, polyglycolic acid sutures and other synthetic sutures. Non-absorbable sutures are further sub-segmented into nylon sutures, prolene sutures, stainless steel sutures, and other non-absorbable sutures. Automated suturing devices have further been segmented into disposable automated suturing devices and reusable automated suturing devices. The suture threads segment account for the largest market share of 82.6% within market. The large share of this segment can be attributed primarily due to the greater preference for suture threads for the wound closure and their relatively more economic viability.
Type
- Multifilament Sutures
- Monofilament Sutures
On the basis of type, the sutures market is segmented into multifilament sutures and monofilament sutures.
Form
- Natural
- Synthetic
On the basis of form, the sutures market is segmented into natural and synthetic.
Application
- Cardiovascular Surgery
- General Surgery
- Gynecological Surgery
- Orthopedic Surgeries
- Ophthalmic Surgery
- Cosmetic and Plastic Surgery
- Neurological Surgery
- Other Applications
On the basis of application, the sutures market is segmented into cardiovascular surgery, general surgery, gynecological surgery, orthopedic surgeries, ophthalmic surgery, cosmetic and plastic surgery, neurological surgery and other applications.
End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics and Physician Offices
Fundamental Aim of this Market Report
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Key highlights of this Market report:
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
Browse the complete table of contents at – https://www.databridgemarketresearch.com/toc/?dbmr=global-sutures-market&Shri
Critical Insights Related to the adalimumab biosimilar Included in the Report:
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- Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
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