Global Surgical Sutures Market was worth USD 3.46 billion in 2016 and estimated to be growing at a CAGR of 5%, to reach USD 4.40 billion by 2021.
Surgical suture is a medical tool to stitch the cutaneous wound and close the surgical incision. It is used to stitch internal organs after surgery, skin, blood vessels, and all other tissues of the human body.
Sutures could be absorbable or non-absorbable, with different properties (such as tensile strength and knot security) depending on the need and surgery.
Major factors driving the growth of this market include the increasing number of surgical procedures, favourable reimbursement scenario for a number of surgical procedures, and the launch of advanced sutures.
The growing popularity of cosmetic surgeries and increasing healthcare demand in low- and middle-income countries also provide significant growth opportunities in the market. Increasing preference for minimally invasive surgical procedures and the presence of alternative wound care management products are the key factors expected to restrain the growth of this market.
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The market for surgical sutures is broadly categorized into product, application and end user. By product, the marker is further segmented into sutures (Absorbable and non-absorbable sutures) and Automated suturing devices.
Absorbable sutures are widely used in multiple surgeries, especially for surgeries performed on internal organs, as they are biodegradable and get hydrolyzed in the body tissue after a certain period of time. This segment accounts for the largest share of the sutures market and is expected to be the fastest-growing market during the forecast period.
By application, the market is further classified into cardiovascular surgeries, general surgeries, gynaecological surgeries, orthopaedic surgeries, ophthalmic surgeries and other applications. The general surgeries application segment dominated the surgical sutures market and is estimated to continue this dominance during the analysis period.
However cardiovascular surgeries segment is estimated to grow at a fast CAGR during the forecast period. By end user, the market is segmented into hospitals and other end users.
On the basis of geography, the market is analysed under various regions- North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America currently dominates the market followed by Europe.
Asia-Pacific is expected to register the highest CAGR.
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Some of the key players of the market include Johnson & Johnson Inc., B. Braun Melsungen AG, Smith & Nephew plc, Demetech Corporation, Conmed Corporation, W.L.
Gore & Associates, Boston Scientific Corporation, 3M Healthcare, Medtronic Inc., and Sutures India Pvt Ltd.
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