April 26, 2024

Surgical Sutures Market Revenue To Cross USD 6.4 Bn by 2030

The global surgical sutures market size was valued at USD 4.1 billion in 2020, and is predicted to be worth around USD 6.4 billion by 2030, registering a CAGR of 5.7% during the forecast period 2022 to 2030.

Surgical Sutures

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Surgical Sutures Market Growth Factors

The market growth can be attributed to a rise in surgical procedures due to an increasing number of cardiac diseases and orthopedic injuries, which occur due to the increasing geriatric population as well as the rising number of accidents. The lifestyle changes, growing healthcare expenditure, favorable reimbursement scenarios, and government support to improve the healthcare infrastructure are also significant factors contributing to the growth of the market.

The rise in healthcare expenditure by most countries and improving healthcare infrastructure in emerging economies are expected to promote patient footfall. In addition, technological advancement by key players helps to initiate more precise procedures, which increases the success rate of surgery. This is also leading to the growth of the market for surgical sutures.

Report Coverage

Report Scope Details
Market Size US$ 6.4 billion by 2030
Growth Rate CAGR of 5.7% From 2022 to 2030
Largest Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Type, Filament, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Covidien; Ethicon US, LLC. (Johnson & Johnson Services, Inc.); B. Braun Melsungen AG; Smith & Nephew; Integra Lifesciences; Peter Surgical; Internacional farmaceutica; CONMED CORPORATION; Sutures India Pvt. Ltd

By Type Analysis

The absorbable segment held the largest revenue share of over 55.0% in 2021 owing to its ability to provide temporary support to wounds till it heals and can withstand normal stress. Moreover, the demand for absorbable sutures is continuously rising, which can be attributed to their ability to degrade naturally.

Non-absorbable sutures accounted for a lower market share in comparison to absorbable sutures due to their inability to degrade or breakdown. These sutures are majorly used in the stressful internal environment where absorbable sutures are not able to fulfill the desired requirement.

By Filament Analysis

The multifilament segment dominated the market for surgical sutures with a revenue share of over 55.0% in 2021. The multifilament segment is also expected to witness the fastest growth during the forecast period. This can be attributed to advantages associated with the multifilament segment such as better pliability, high tensile strength, and flexibility.

Monofilament sutures are difficult to handle and may cause crushing or crimping of the suture and lead to undesirable and premature suture failure during surgery due to their memory. The monofilament sutures are made up of materials such as monocryl, nylon, prolene, and polydioxanone.

By Application Analysis

The others segment dominated the market for surgical sutures and held a revenue share of over 35.0% in 2021. The cardiovascular surgery segment held the second-largest revenue share in 2021. This is owing to the high incidence of cardiac diseases, the presence of sufficient experts in the field, supportive reimbursement scenarios, and advancement in diagnostics.

The orthopedic surgery segment emerged as the third-largest application segment in 2021 and is expected to witness lucrative growth over the forecast period. This is due to the growing number of road accidents that are leading to a rise in the number of orthopedic injuries

By Regional Analysis

The North American region dominated the market for surgical sutures in 2021 with a revenue share of over 40.0% owing to the presence of local and key players, high cost of sutures as compared to other regions, supportive reimbursement scenario, rising government programs, and developed healthcare infrastructure.

Asia Pacific is expected to witness the fastest growth during the forecast period. This is due to the growing geriatric population base that is more likely to go under surgery and increase in government spending on the healthcare infrastructure to meet the unmet needs in this region.

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Major Key Players Covered in The Surgical Sutures Market Report include

  • Covidien
  • Ethicon US, LLC. (Johnson & Johnson Services, Inc.)
  • B. Braun Melsungen AG
  • Smith & Nephew
  • Integra Lifesciences
  • Peter Surgical
  • Internacional farmaceutica
  • CONMED CORPORATION
  • Sutures India Pvt. Ltd.

Surgical Sutures Market Segmentation

  • By Type
    • Absorbable
    • Non-absorbable
  • By Filament
    • Monofilament
    • Multifilament
  • By Application
    • Ophthalmic Surgery
    • Cardiovascular Surgery
    • Orthopedic Surgery
    • Neurological Surgery
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

 Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Surgical Sutures Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Surgical Sutures Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Surgical Sutures Market, By Type

7.1.  Surgical Sutures Market, by Type, 2021-2030

7.1.1.    Absorbable

7.1.1.1.        Market Revenue and Forecast (2019-2030)

7.1.2.    Non-absorbable

7.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 8.  Global Surgical Sutures Market, By Filament

8.1.  Surgical Sutures Market, by Filament, 2021-2030

8.1.1.    Monofilament

8.1.1.1.        Market Revenue and Forecast (2019-2030)

8.1.2.    Multifilament

8.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 9.  Global Surgical Sutures Market, By Application

9.1.  Surgical Sutures Market, by Application, 2021-2030

9.1.1.    Ophthalmic Surgery

9.1.1.1.        Market Revenue and Forecast (2019-2030)

9.1.2.    Cardiovascular Surgery

9.1.2.1.        Market Revenue and Forecast (2019-2030)

9.1.3.    Orthopedic Surgery

9.1.3.1.        Market Revenue and Forecast (2019-2030)

9.1.4.    Neurological Surgery

9.1.4.1.        Market Revenue and Forecast (2019-2030)

Chapter 10.      Global Surgical Sutures Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Type (2019-2030)

10.1.2.  Market Revenue and Forecast, by Filament (2019-2030)

10.1.3.  Market Revenue and Forecast, by Application (2019-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Type (2019-2030)

10.1.4.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.1.4.3.      Market Revenue and Forecast, by Application (2019-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Type (2019-2030)

10.1.5.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.1.5.3.      Market Revenue and Forecast, by Application (2019-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Type (2019-2030)

10.2.2.  Market Revenue and Forecast, by Filament (2019-2030)

10.2.3.  Market Revenue and Forecast, by Application (2019-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Type (2019-2030)

10.2.4.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.2.4.3.      Market Revenue and Forecast, by Application (2019-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Type (2019-2030)

10.2.5.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.2.5.3.      Market Revenue and Forecast, by Application (2019-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Type (2019-2030)

10.2.6.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.2.6.3.      Market Revenue and Forecast, by Application (2019-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Type (2019-2030)

10.2.7.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.2.7.3.      Market Revenue and Forecast, by Application (2019-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Type (2019-2030)

10.3.2.  Market Revenue and Forecast, by Filament (2019-2030)

10.3.3.  Market Revenue and Forecast, by Application (2019-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Type (2019-2030)

10.3.4.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.3.4.3.      Market Revenue and Forecast, by Application (2019-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Type (2019-2030)

10.3.5.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.3.5.3.      Market Revenue and Forecast, by Application (2019-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Type (2019-2030)

10.3.6.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.3.6.3.      Market Revenue and Forecast, by Application (2019-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Type (2019-2030)

10.3.7.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.3.7.3.      Market Revenue and Forecast, by Application (2019-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Type (2019-2030)

10.4.2.  Market Revenue and Forecast, by Filament (2019-2030)

10.4.3.  Market Revenue and Forecast, by Application (2019-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Type (2019-2030)

10.4.4.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.4.4.3.      Market Revenue and Forecast, by Application (2019-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Type (2019-2030)

10.4.5.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.4.5.3.      Market Revenue and Forecast, by Application (2019-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Type (2019-2030)

10.4.6.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.4.6.3.      Market Revenue and Forecast, by Application (2019-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Type (2019-2030)

10.4.7.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.4.7.3.      Market Revenue and Forecast, by Application (2019-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Type (2019-2030)

10.5.2.  Market Revenue and Forecast, by Filament (2019-2030)

10.5.3.  Market Revenue and Forecast, by Application (2019-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Type (2019-2030)

10.5.4.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.5.4.3.      Market Revenue and Forecast, by Application (2019-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Type (2019-2030)

10.5.5.2.      Market Revenue and Forecast, by Filament (2019-2030)

10.5.5.3.      Market Revenue and Forecast, by Application (2019-2030)

Chapter 11.  Company Profiles

11.1.              Covidien

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Ethicon US, LLC. (Johnson & Johnson Services, Inc.)

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              B. Braun Melsungen AG

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Smith & Nephew

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Integra Lifesciences

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Peter Surgical

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Internacional farmaceutica

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              CONMED CORPORATION

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Sutures India Pvt. Ltd.

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

Glossary of Terms

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