Surgical Suture Market Report

Global Surgical Suture Market By Product (Absorbable and Non-Absorbable); By Form (Natural and Synthetic); By Material (Monofilament and Multifilament); By Application (Gynaecology, Orthopaedic, Cardiology, Ophthalmic and General Surgery); By Region (North America, Europe, the Asia-Pacific, Latin America and Middle-East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: May 2021
  • Report ID: BWC20350
  • Available Format: PDF
  • Page: 151

Report Overview

The global surgical suture market was worth USD 3.24 billion in the year 2020. It is further projected to reach USD 5.22 billion at a CAGR of 7.1% during the forecast period (2021-2027).

Global Surgical Suture Market- Industry Trends & Forecast Report 2027

The global surgical suture market was worth USD 3.24 billion in the year 2020. It is further projected to reach USD 5.22 billion at a CAGR of 7.1% during the forecast period (2021-2027). The market growth can be attributed to the rise in number of road accidents, rise in expenditure on healthcare, increase in popularity of cosmetic surgeries among different age groups, and advancements in sutures. Surgical sutures have long been used to close wounds at the surgical site. One of the oldest and most widely used medical instruments in surgery is the wound closure technique. The advantages of traditional wound closure techniques include reduced adverse reactions and a lower risk of system failure as opposed to modern wound closure techniques such as staplers and homeostatic agents. Surgical suturing is one of the major steps for post-operative wound healing. Therefore, it is widely used in healthcare facilities.

Source: BlueWeave Consulting

Global Surgical Suture Market Overview

A surgical suture is a type of medical device used to hold body tissue together. It aids in the closure of a wound. Surgical sutures, also known as stitches, involves the use of a needle and a piece of thread attached to it.an attached length of thread. Surgical sutures are used to close wounds in a variety of conditions, including skin ulcers and diabetic ulcers.

Surgical sutures are of two types: absorbable and non-absorbable. The absorbable surgical sutures breakdown harmlessly in tissue over the time without any intervention. The non-absorbable sutures on the other hand, are removed by the surgeons after the wound has healed completely as they don’t metabolize by the biological activities of the body tissue. Natural and synthetic materials are used to make surgical sutures. Catgut, silk, and linen are examples of natural materials, while polylactic acid and polyglycolic acid are examples of synthetic materials.

Global Surgical Suture Market Forecast and Trends

Growth Drivers

Technological Advancements is Accelerating Adoption of Surgical Suture

In the past few years, due to technological advancements some major developments have taken place in the global surgical suture market. Such industrial advancement activity has led to increased product adoption of surgical sutures and demand. In comparison to the other substitute for wound closure products that are present in the market. The usage of surgical sutures has rised fairly well. Some of the major technical advancements that have been witnessed in these sutures are the use of different kinds of synthetic materials with extraordinary tissue holding properties and almost zero risk of infection and scar formation.

Besides this, there have been ongoing technological developments to improve suture coatings, braiding technologies, and antibacterial coatings.As per studies,presently, the only one product Triclosan-coated polyglactin 910 or Vicryl Plus Antibacterial developed by Ethicon is available in the market, which has been observed to reduce surgical site infection rate nearly ~30%. Moreover, handling and tension force of such sutures were found to be comparable to standard surgical suture products.

Restraints

Increase in Usage of Alternative Methods May Hinder the Market Growth

It is exhibited that the increase in usage of substitute methods of wound closure would hamper the global market growth of surgical suture. Wound closure substitute products such as skin fixatives, hemostats, staples, and tissue sealants are expected to hamper the growth of the global surgical suture market. Furthermore, companies in the global surgical suture market face massive competition across their product lines. Besides this, there has been an increased growth in laparoscopic procedures that may affect the growth of the surgical suture market. As compared to other open surgeries, laparoscopic procedures need only few units of surgical sutures. Smaller incisions and use of more precise devices on patients would cause less bleeding and diminish the chances of developing post-surgical complications or infections. As many specialties are increased in such adoption to minimal the invasive procedures as a result the expansion of surgical sutures and suturing devices becomes restricted. However, the lack of effective sterilization and adverse taxation practices stifle market growth.

Impact of COVID-19 on Global Surgical Suture Market

The healthcare practitioners and programs are currently focused on controlling the spread of the novel coronavirus. This has resulted in remarkable reduction in surgeries worldwide. Aside from that, the conversion of many hospitals into COVID-only facilities has forced people all over the world to delay surgical procedures. Furthermore, the closure of several departments in various hospitals around the world due to a lack of manpower impacted the number of surgeries. In an event that surgery is needed urgently, surgical teams are required to wait for COVID-19 test results from the admitted patients who are suspected of being infected.

 

Global Surgical Suture Market- By Product

 

Based on the product, global surgical suture market is segmented into absorbable and non-absorbable. The absorbable segment held the largest market share due to the lower post-operative care required after surgery. Moreover, the absorbable sutures are manufactured in a natural material that is compatible with the human body. It is majorly used in treatments such as hand and finger lacerations, nail bed lacerations, facial lacerations, closure of lacerations of the tongue or oral mucosa, and percutaneous closure of lacerations under casts or splints.


Source: BlueWeave Consulting

Global Surgical Suture Market- By Material

Based on material, the global surgical suture market is bifurcated as monofilament and multifilament. The multifilament segment is the fastest-growing segment in the global surgical suture market. Sutures made of multifilament threads are twisted or plaited together. These are coated with various materials such as silicon and wax. This form of suture provides excellent knot security, versatility, and ease of handling. Multifilament sutures are commonly manufactured from materials, such as PGA sutures, polyglactin 910, silk, and polyester sutures. These are widely used in orthopedic surgeries and others.

Global Surgical Suture Market- By Application

Based on application, the global surgical suture market is segmented as gynaecology, orthopaedic, cardiology, ophthalmic and general surgery. Orthopaedic segment holds the largest market share due to increasing surgeries in elderly population and subsequent increase in orthopaedic surgeries. The most common surgery among elderly population in knee surgery. As per statistics by American Academy of orthopaedic surgeons, nearly 790,000 knee surgeries are performed the U.S yearly.

Global Surgical Suture Market- By Distribution Channel

Based on the distribution channel, the global surgical suture market is segmented as hospital, ambulatory surgery centres, clinics and others. The hospital segment is anticipated to hold the largest market share owing to the increasing hospitals stays and growing number of surgeries. For instance, surgeries like Total Joint Replacement (TJR) is a most common surgical procedures in the U.S. . According to a study presented at American Academy of Orthopedic Surgeons (AAOS), by 2030, total hip replacement (THR) surgery is projected to rise by 171% and total knee replacement (TKR) surgery is projected to go up by 189%, for a projected 635,000 million and 1.28 million procedures, respectively, thereby, creating various opportunities for the hospital segment.

Global Surgical Suture Market- By Region

Based on region, the global surgical suture market is segmented into five regions, North America, Europe, the Asia-Pacific, Latin America and the Middle East & Africa. Among all the regions, North America holds the largest market share due to factors such as the adoption of technological advancements, high domestic income, and local presence of major companies.

 

However, Asia-Pacific is the fastest-growing region among all in the global surgical suture market. The growth can be attributed to the presence of high population base, increase in awareness about chronic diseases, development in healthcare infrastructure, increase in demand for surgical procedures with increasing incidences of chronic diseases. Moreover, the growing demand for better healthcare services from the large patient population in the region is also propelling the market growth. Since developed markets are relatively saturated, Asia-Pacific represents excellent prospects for venture capitalists and investors. Additionally, exceptional  surgical sutures market innovations led by China and Japan to integrate new technological advancements and development of healthcare settings are driving the market growth in Asia-Pacific.

Source: BlueWeave Consulting

Competitive Landscape

The global surgical suture market is highly fragmented with the presence of many major, small and medium players in the market. The major players are actively developing new products to better serve their global customer base. The key players in the market are B. Braun Melsungen AG, Boston Scientific Corporation, CP Medical, Demetech Corporation, Johnson & Johnson, Coloplast Corporation, Smith & Nephew Plc, Molnlycke Healthcare, Internacional Farmacéutica S.A. de C.V., Peters Surgical, Medtronic Plc, Surgical Specialties Corporation, W. L. Gore & Associates, Inc., Apollo Endosurgery Inc., Ethicon US, LLC, Integra LifeSciences, Sutures India Pvt. Ltd., and other prominent players.

 

Recent Developments

·         In September 2020, Smith+Nephew introduced NOVOSTITCH PRO, a Meniscal Repair System, in Europe after receiving CE mark certification. The NOVOSTITCH PRO Meniscal Repair System provides meniscal repair options to nearly 600,0001 European patients each year, where previously the only choice was removal.

·         In Decmber 2019, Advanced Medical Solutions Group Plc successfully acquired Biomatlante, a manufacturer of surgical biomaterial technologies, with the aim of expanding the company's product range, R&D pipeline, and market access.

Scope of Report

Attribute

                              Details

Years considered

Historical data- 2017-2020

Base Year- 2020

Forecast- 2021-2027

Facts covered

Revenue in USD Billion

Market coverage

North America, Europe, the Asia-Pacific,Latin America and the Middle-East & Africa

Product/ Service segmentation

By Product, By Form, By Material, By Application, By Distribution Channel and By Region

Key Players

Braun Melsungen AG, Boston Scientific Corporation, CP Medical, Demetech Corporation, Johnson & Johnson, Coloplast Corporation, Smith & Nephew Plc, Molnlycke Healthcare, Internacional Farmacéutica S.A. de C.V., Peters Surgical, Medtronic Plc, Surgical Specialties Corporation, W. L. Gore & Associates, Inc., Apollo Endosurgery Inc., Ethicon US, LLC, Integra LifeSciences, Sutures India Pvt. Ltd., and other prominent players.

 

 

By Product

Ø  Absorbable

Ø  Non-Absorbable

By Form

Ø  Natural

Ø  Synthetic

By Material

Ø  Monofilament

Ø  Multifilament

By Application

Ø  Gynaecology

Ø  Orthopaedic

Ø  Cardiology

Ø  Ophthalmic

Ø  General Surgery

By Distribution Channel

Ø  Hospital

Ø  Ambulatory Surgery Centres

Ø  Clinics

Ø  Others

By Region

Ø  North America

Ø  Europe

Ø  the Asia-Pacific

Ø  Latin America

Ø  the Middle East and Africa

FAQs:

1, What is the current size of the global surgical suture market?

Answer: The global surgical suture market reached USD 3.24 Billion in 2020.

2. What are the major factors driving the growth of the global surgical suture market?

Answer: The major factors propelling the growth of the global surgical suture market is the technological advancement.

3.Who are the key players in the global surgical suture market?

Answer: The key players in the global surgical suture market are B. Braun Melsungen AG, Boston Scientific Corporation, CP Medical, Demetech Corporation, Johnson & Johnson, Coloplast Corporation, Smith & Nephew Plc, Molnlycke Healthcare, Internacional Farmacéutica S.A. de C.V., Peters Surgical, Medtronic Plc, Surgical Specialties Corporation, W. L. Gore & Associates, Inc., Apollo Endosurgery Inc., Ethicon US, LLC, Integra LifeSciences, Sutures India Pvt. Ltd. And other prominent players.

4.Which product accounted for the larger share in the global surgical suture market?

Answer: Absorbable product segment accounted for the larger share in the global surgical suture market.

5. Which application is dominating the global surgical suture market?

 

Answer: The orthopaedic segment is dominating the the global surgical suture market based on application.