Surgical Sutures Market to hit US$ 6.26 Billion by 2030 | Exclusive Report by Growth Plus Reports

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Growth Plus Reports

30 Sep, 2022, 13:10 GMT

NEW YORK, Sept. 30, 2022 /PRNewswire/ -- According to a new market research report titled, "Surgical Sutures Market by Material Type (Absorbable and Non-Absorbable), by Structure (Monofilament and Multifilament), by Application (Cardiovascular Surgery, Neurological Surgery, Orthopedic Surgery, Ophthalmic Surgery), - Global Outlook & Forecast 2022-2030" published by growth plus reports, the surgical sutures market is expected to grow at a CAGR of 5.4 % from 2021 to reach US$ 6.26 billion by 2030. Owing to the increased number of surgical needs and improvements in suturing materials, states Growth+ Reports.

Growth Drivers

The prevalence of lifestyle diseases such as cancer, coronary heart disease, cerebrovascular disease, orthopedic problems, and mental illness is constantly increasing. The global surgical suture market is driven by the continuing increase in the prevalence of lifestyle-related diseases and increasing demand for more surgical procedures. Rising healthcare costs in most countries and improving healthcare infrastructure in emerging markets are expected to boost patient numbers. Additionally, major industry players launching products with advanced technology contribute to more precise treatments and increase surgical success rates. Hence, this will lead to the expansion of the global surgical suture market.

The global surgical sutures market has been analyzed from four different perspectives – material type, structure, application, and region.

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Excerpts from 'By Material Type Segmentation'

The global market has been segmented majorly into two distinct categories based on the type of:

  • Materials
  • Absorbable
  • non-absorbable

It has been analyzed that the segment of the absorbable suture dominates the market. This is attributed to the device's advantages like the ability to hold the tough tissues because of its high tensile strength and less healing time. However, the non-absorbable suture segment has a very less market share due to their inability to get absorbed or degraded by the body. They are usually used on surgical sites where slow healing is required.

Excerpts from 'By Structure Segmentation'

Based on the structure, the global surgical suture market has been subdivided into:

  • monofilament
  • multifilament surgical sutures

The market was dominated by the multifilament segment in terms of revenue share. During the forecast period, the multifilament category is anticipated to increase at the quickest rate. This is contributed by the multifilament segment's benefits, including great knot security, high tensile strength, and flexibility and can be easily handled. Whereas, the monofilament sutures because of their compromised structure hold a very small share in the market.

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Excerpts from 'By Region Segmentation'

The global surgical sutures market has been segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

The presence of significant regional players, higher cost of sutures compared to other countries with favorable reimbursement environments, expansion of government programs, and improved medical infrastructure make North America a leader in the surgical sutures market. A large share of North America's sales is also largely due to technological advancements and strong domestic prosperity.

 The fastest growing region is expected to be Asia Pacific. This is a result of unmet medical needs in the region, a growing elderly population requiring more frequent surgeries, and increased government investment in the health care system. Another key factor driving the exponential growth of the market in this sector is the rise of medical tourism in countries such as India, Singapore, and Malaysia.

Excerpts from 'Competitive Landscape'

Some of the prominent players operating in the global surgical sutures market are:

  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Medtronic plcEthicon, Inc
  • Covidien plc
  • Sutures India Pvt Ltd
  • CONMED CORPORATION
  • Mellon Medical B.V
  • Smith & Nephew plc
  • Peters Surgical
  • Apollo Endosurgery, Inc
  • EndoEvolution, LLC

Table of Content

  1. INTRODUCTION
    1. Market Ecosystem 
    2. Timeline Under Consideration
      1. Historical Years – 2020
      2. Base Year – 2021
      3. Forecasted Years – 2022 to 2031
    3. Currency Used in the Report
  2. RESEARCH METHODOLOGY 
    1. Research Approach
    2. Data Collection Methodology
    3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
    4. Market Estimation Approach
      1. Bottom Up 
      2. Top Down 
    5. Market Forecasting Model
    6. Limitations and Assumptions 
  3. PREMIUM INSIGHTS
    1. Current Market Trend (COVID-19 Perspective)
    2. Key Players & Competitive Positioning (2021) 
  4. MARKET DYNAMICS
    1. Drivers
    2. Restraints/Challenges
    3. Opportunities
  5. GLOBAL SURGICAL SUTURES MARKET - ANALYSIS & FORECAST, BY MATERIAL TYPE
    1. Absorbable
    2. Non-Absorbable 
  6. GLOBAL SURGICAL SUTURES MARKET - ANALYSIS & FORECAST, BY STRUCTURE
    1. Monofilament
    2. Multifilament
  7. GLOBAL SURGICAL SUTURES MARKET - ANALYSIS & FORECAST, BY APPLICATION
    1. Cardiovascular Surgery
    2. Neurological Surgery
    3. Orthopedic Surgery
    4. Ophthalmic Surgery
    5. Others

VALUE PROPOSITIONS RELATED TO THE REPORT:

  • Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
  • Comprehensive quantitative and qualitative insights at segment and sub-segment level
  • Covid 19 impact trends and perspective
  • Granular insights at global/regional/country level
  • Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
  • Blanket coverage on competitive landscape
  • Winning imperatives
  • Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

CUSTOMIZATION OPTIONS:

  • Distributor Landscape Assessment
  • Pricing Intelligence
  • Customer Base Assessment
  • Investment & Initiatives Analysis
  • 'Business Profile' of Key Players

Directly Purchase Premium Copy of Surgical Sutures Market Growth Report (2022-2030) at: https://growthplusreports.com/checkout?_token=WX3AyffizHVuOkgqGqSrDnq7PlHhgrECAKVKlAEU&report_id=7827&license=Single

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