Exploring the Surgical Sutures Market: Analysis of Size, Share, Growth, and Key Trends 2030
The global surgical sutures market is experiencing a steady rise in demand due to its ability to enhance safety and post-operative results. Surgical sutures remain a vital tool for surgeons worldwide, allowing them to achieve optimal patient outcomes with minimal trauma and excellent cosmetic results. The evolution of suturing tools, especially suture materials, has led to the customization of sutures based on specific surgical procedures. According to Ethicon, Inc.’s wound closure manual, while several factors influence a surgeon’s choice of suturing materials, the surgical specialty plays a pivotal role.
However, the COVID-19 pandemic posed a significant challenge to the surgical sutures market in 2020. A 120-country research initiative known as the CovidSurg Collaborative estimated that approximately 28.4 million elective surgeries worldwide were canceled or postponed during a 12-week peak period, adversely impacting the market.
Nevertheless, the global surgical sutures market continues to grow steadily, driven by an increase in the number of surgical procedures and technological advancements in suturing tools and techniques. Recent data from the International Society of Aesthetic Plastic Surgery revealed that 10.6 million cosmetic surgical procedures are performed worldwide, and coronary artery bypass graft (CABG) surgeries, the most common open-heart procedure in the US, number around 395,000 annually. In Europe, 1.4 million caesarean sections were performed in 2017, slightly surpassing the US’s annual count of approximately 1.3 million. These staggering surgical numbers indicate a high demand for wound suturing products, bolstering the surgical sutures market.
The development of advanced surgical sutures, including knotless barbed sutures, antimicrobial sutures, and bioactive sutures, has contributed to increased adoption rates. These innovations aim for faster wound healing and reduced post-operative care requirements. For example, Smith & Nephew recently introduced the Novostitch Pro meniscal repair system in Europe, enabling surgeons to place stitches arthroscopically in tight joint compartments for more effective tear repairs.
Nevertheless, the surgical sutures market faces challenges, such as the growing preference for minimally invasive surgery and the adoption of substitute products like surgical staplers. These procedures eliminate the need for multiple stitches, reducing the demand for surgical sutures. According to the National Institute of Health, the adoption of laparoscopy, a widely accepted minimally invasive surgery, increased from 22.7% in 2005 to 49.8% in 2014. Additionally, Denmark, Germany, France, and Switzerland saw approximately 80% of appendectomy procedures performed laparoscopically in 2015, according to Eurostat.
In 2019, absorbable sutures held the largest share of the global surgical sutures market and are expected to maintain their dominant position in the forecast period. These sutures offer advantages over conventional ones, as they eliminate the need for follow-up removal visits and reduce the risk of scarring and infections. Absorbable sutures are typically made from natural materials that are highly compatible with the human body.
North America led the global surgical sutures market in 2019, with the United States being a preferred region for innovative product launches. The country is home to key industry players like Ethicon and Boston Scientific, which continue to support the growth of the surgical sutures market. In contrast, the Asia Pacific surgical sutures market is expected to experience rapid growth due to a high volume of surgical procedures. Key countries like China and Japan have seen consistent growth in orthopaedic surgeries. Additionally, the growth of the geriatric population and the prospects of medical tourism across Asian economies are expected to boost the surgical sutures market in the region.
Key market players in the surgical sutures space are focused on product innovation. Prominent players in the market include Ethicon, Inc., Medtronic plc, B.Braun Melsungen AG, Smith & Nephew plc, Boston Scientific Corporation, Péters Surgical, DemeTECH Corporation, Internacional Farmacéutica, Sutures India, EndoEvolution, LLC., Apollo Endosurgery, Inc., Surgical Specialties Corporation, Mellon Medical B.V., Coloplast Corporation, and BSN Medical.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/global-surgical-sutures-market
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