February 2024
The global surgical suture market size is expected to be worth around USD 7.02 billion by 2032 from USD 4.5 billion in 2022 with a CAGR of 4.60% from 2022 to 2030.
Medical strands or threads called surgical sutures are used to close blood arteries and repair tissues after an injury. They are produced using synthetic materials like nylon and polyester or natural fibers like silk. Excellent elasticity, sterility, and knot security are among their other qualities. Depending on the needs of the surgery, they are widely accessible in a variety of sizes, types, forms, and thread materials.
The increasing popularity of cosmetic surgery, the rising number of accidents, the rising cost of healthcare, and the development of technologically advanced sutures like the Antibacterial Triclosan-Coated Polyglactin 910 suture for use instead of conventional sutures are the main drivers of the growth of the global surgical sutures market.
Market Growth
Natural healing is a delayed process that raises the risk of bacterial infection and wound contamination. This is one of the main reasons favorably affecting the demand for surgical sutures, along with the rising number of people having surgical treatments. Additionally, the global demand for operations is being driven by the increased prevalence of arthritis, cancer, cardiovascular diseases (CVDs), and other chronic ailments in a sizeable portion of the senior population. Most chronic physical diseases that require surgery to recover are acquired by the elderly. Therefore, this change in the makeup of the population also contributes to the rise in demand for surgical sutures.
Surgical Sutures Market Report Scope
Report Coverage | Details |
Market Size in 2023 | USD 4.68 Billion |
Market Size by 2032 | USD 7.02 Billion |
Growth Rate from 2022 to 2032 | CAGR of 4.60% |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2023 to 2032 |
Segments Covered | By Product, By Type, By Raw Material, By Application and By End User |
Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Regional Analysis
With a revenue share of over 45.0% in 2021, the North American region dominated the global market for surgical sutures due to the presence of local and major players, the high cost of sutures relative to other regions, the favorable reimbursement environment, expanding government initiatives, and the developed healthcare infrastructure. The major drivers of North America's significant revenue share include domestically high income and technological improvements.
The region with the quickest growth is anticipated to be Asia Pacific. This is because of the rising proportion of elderly people who are more likely to undergo surgery and the rise in government spending on the healthcare system to address the unmet requirements in this area.
Market Dynamics
Drivers: Rising adoption of a sedentary lifestyle
Another factor strongly influencing the market growth is the rise in lifestyle diseases brought on by the rising adoption of a sedentary lifestyle. The prevalence of lifestyle diseases such as ischemic heart disease, cerebrovascular disease, orthopedic disorders, malignancies, and mental illness is continuously increasing worldwide. The market for surgical sutures is being driven by the ongoing rise in the prevalence of lifestyle illnesses and the increasing demand for more surgical operations.
The majority of nations' increasing healthcare spending and emerging economies' developing healthcare infrastructure are anticipated to increase patient volume. Because of rising income levels and an increase in people's awareness of their physical appearance, the market is expected to develop as a result of the burgeoning trend of minimally invasive cosmetic plastic surgery.
Restraints: The Covid-19 epidemic seriously restricts commercial expansion.
Healthcare priorities have changed as a result of the COVID-19 epidemic. While the government implemented complete lockdowns to prevent the spread of the virus, the healthcare providers mostly concentrated on the COVID-19-affected individuals. In order to avoid catching the virus, all elective procedures were put off or postponed, which decreased the supply of surgical sutures. As a result, a sharp decline in surgical suture sales was noted in 2020 as a result of the COVID-19 pandemic. The COVID-19 epidemic significantly hurt business in 2020.
Opportunities: The surgical sutures market
A substantial chance for a big number of people undergoing surgical procedures in the anticipated period is also presented by an increase in health insurance coverage, which subsequently covers healthcare attention in the form of surgical treatments. To ensure that their citizens have access to essential healthcare services, several governments in emerging economies are working to expand insurance coverage in their nations.
Approximately 500 million people, or 50% of the Indian population, will be covered by social healthcare programs in 2020, while 60% of Indians would be covered by health insurance alone. These elements offer an increasing number of chances for the Suture market to expand in these economies.
Product Insights
Due to the enormous demand in the healthcare sector, the market for suture threads has grown at the fastest rate among all product categories. Due to its affordability and ability to be used by the average person, surgical threads have been regarded as the preferred method of wound closure in various healthcare industries.
The expense of automated sharing devices, on the other hand, adds to the cost of the therapy, making this technology unaffordable for the average person. Gynecological procedures frequently employ surgical sutures, allowing for quick wound healing. The surgical technique takes less time when using automated suturing devices.
Type Insights
Due to the global increase in the number of difficult procedures, multifilament has gained a higher market share than its rivals in terms of kind. As a result of a large number of elderly individuals, many complicated surgical operations are performed, which has contributed to this market's sustained growth. An important market growth component is the extra benefit of wound healing that is offered by this substance. The insurance companies' reimbursement programs encourage the healthcare sector to employ such cutting-edge materials.
Application Insights
The category of cardiovascular operations has accumulated the biggest market share in terms of application due to the enormous number of surgical cases performed globally. With the sharp rise in workplace stress and obesity rates, the number of persons suffering from cardiovascular diseases has risen.
The techniques people use to live modern lifestyles have significantly impacted heart health. People choose advanced surgical suturing techniques in order to speed up the healing of wounds. For ophthalmic procedures, cutting-edge suturing materials are used to speed up the healing process. Gynecological surgery and orthopedic surgery both use a variety of suturing materials for the procedure.
End-User Insights
The segment of hospitals has grown the fastest in terms of end users due to the large number of patients who visit a hospital following an accident or a serious pathological condition. Surgery is typically performed in a hospital setting, where the availability of numerous facilities ensures the seamless operation of the entire procedure.
Recent Development
In September 2020- Smith & Nephew introduced automated tools that will aid in the procedure when they introduced their Novostitch Pro Repair System, which is utilized for meniscal repair.
In December 2019 – AMS purchased the manufacturer of surgical biomaterials known as Biomatlante. Adding to the company's product line was the goal of this acquisition. Additionally regarded as the primary business sectors were research and development and market access.
Major Key players
Market Segmentation
By Product
By Type
By Raw Material
By Application
By End User
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