Surgical Sutures Market to be Worth $4.42 Billion by 2030

 

Meticulous Research®, a prominent firm in market research, has released a report titled, ‘Surgical Sutures Market by Type [Absorbable {Polyglactin, Polydioxanone, Poliglecaprone, Collagen} Nonabsorbable {Polypropylene, Nylon, Silk}] Structure [Monofilament, Multifilament] Coating [Uncoated, Antimicrobial] Application - Global Forecast to 2030.’

As per the recent report by Meticulous Research®, the surgical sutures market is anticipated to achieve a value of $4.42 billion by 2030, with a compound annual growth rate (CAGR) of 4.1% expected from 2023 to 2030. The market's expansion is fueled by advancements in suture and wound closure technologies, alongside a rise in surgical procedures. Moreover, the improving healthcare infrastructure in emerging economies presents promising avenues for market growth. However, the emergence of alternative wound care solutions and the increasing preference for minimally invasive surgeries are likely to moderately impede market growth.

Surgical Sutures Market: Future Outlook

The surgical sutures market is categorized based on various factors including Type [Absorbable Sutures {Synthetic Sutures (Polyglactin 910 (Vicryl), Poliglecaprone 25 (MONOCRYL), Polydioxanone (PDS), Polyglycolic Acid), Natural Sutures (Collagen Fiber Suture), Other Absorbable Sutures}, Nonabsorbable Sutures {Synthetic Sutures (ETHIBOND EXCEL Polyester Suture, Polypropylene (Prolene)), Natural Sutures (Nylon (polyamide), Silk, Stainless Steel), Other Nonabsorbable Sutures}, Structure [Monofilament Sutures, Multifilament/Braided Sutures], Coating Type [Uncoated Sutures, Antimicrobial Sutures], Application [Cardiovascular Surgery, Orthopedic Surgery, Neurosurgery, Gynecological Surgery, Cosmetic & Plastic Surgery, Ophthalmic Surgery, General Surgery, Other Applications], End User (Hospitals/Clinics, Ambulatory Surgical Centers, Other End Users], and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Based on the type, in 2023, the absorbable sutures category is projected to dominate the surgical sutures market, primarily due to advancements in suture technology and their increased tensile strength. These sutures are commonly employed for deep wound closure and offer anti-inflammatory properties, eliminating the need for removal and reducing additional trauma to the wound site.

Based on structure, by 2023, it is anticipated that the multifilament/braided sutures segment will hold the leading position in the surgical sutures market. These sutures are crafted from twisted filaments, offering notable strength and flexibility. Thanks to their higher friction coefficient, multifilament suture materials typically exhibit impressive strength and ensure secure knotting.

Based on the coating type, in 2023, the antimicrobial sutures segment is expected to experience the most significant compound annual growth rate (CAGR) throughout the forecast period. This growth is propelled by the imperative to mitigate surgical site infections, a surge in surgical interventions, favorable reimbursement schemes, and the expanding elderly population.

Based on application, the surgical sutures market is divided into various applications, including cardiovascular surgery, orthopedics, neurosurgery, gynecological surgery, cosmetic and plastic surgery, ophthalmic surgery, general surgery, and other uses. Among these, the orthopedic surgery segment is projected to hold the largest portion of the market. This dominance is fueled by factors such as the growing incidence of musculoskeletal conditions, the uptick in associated surgical interventions, the aging population, and the increasing uptake of advanced surgical techniques.

Based on end user, in 2023, it is projected that the hospitals/clinics segment will hold the biggest portion of the surgical sutures market. This dominance is attributed to an increase in patient visits to hospitals, driven by higher healthcare spending and a rise in the number of hospitals.

Based on geography, by 2023, it is anticipated that North America will hold the dominant share of the surgical sutures market. This is primarily due to the presence of numerous key market players, a significant volume of surgical procedures, widespread adoption of advanced suturing technologies, and well-developed healthcare systems across the region.

Key Players:

The surgical sutures market report profiles several key players, including Ethicon, Inc. (U.S.) (A subsidiary of Johnson & Johnson Services, Inc.), B. Braun SE (Germany), Medtronic (Ireland), Smith & Nephew plc (U.K.), Surgical Specialties Corporation (U.S.), CONMED Corporation (U.S.), Mellon Medical B.V. (Netherlands), DemeTECH Corporation (U.S.), Apollo Endosurgery, Inc. (U.S.), Teleflex Incorporated (U.S.), Kono Seisakusho Co.,Ltd. (Japan), Zimmer Biomet Holdings (U.S.), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), Advanced MedTech Solutions Pvt. Ltd. (India), and Peters Surgical (India).

Download Research Sample @ https://www.meticulousresearch.com/download-sample-report/cp_id=4947

Key questions answered in the report-

  • What are the market segments showing notable growth potential in terms of type, structure, coating type, application, end user, and geography?
  • What was the past performance of the global surgical sutures market?
  • What are the projected market figures and estimations for the timeframe spanning from 2023 to 2030?
  • What are the primary factors propelling, inhibiting, and presenting opportunities within the surgical sutures market?
  • Who are the prominent participants in the surgical sutures market?
  • What does the competitive scenario look like, and which companies are leading the surgical sutures market?
  • What are the latest advancements or updates in the surgical sutures market?
  • What tactics do the key players in the surgical sutures market use to stay ahead?
  • What are the trends in different geographical regions and which regions?

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Meticulous Research®
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Contact Sales- +1-646-781-8004
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