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Detailed analysis of surgical sutures market

by The Custom Boxes
December 13, 2022
in Business
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Detailed analysis of surgical sutures market
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Sterile surgical threads are used to close surgical wounds using surgical sutures, often known as stitches. They support the reattachment of human tissues after operations or wound healing. The two primary categories of sutures are absorbable and non-absorbable sutures. These are often made from a variety of organic or man-made materials.

The market worth of surgical sutures in 2021 was USD 4.04 billion and will reach USD 6.97 billion by 2030 at a 6.23% CAGR.

The development and emergence of the wound care management business have increased the demand for surgical sutures. Additional factors that accelerate the growth of the surgical sutures market include an increase in population, an increase in healthcare spending, a concerning rise in the prevalence of chronic diseases, a big rise in the number of surgical procedures, technological developments, healthcare awareness, and the number of hospitals.

Market Dynamics: Drivers, challenges, and trends

The market is fueled by various factors like the growing demand for minimally invasive procedures, the expansion of surgical suture supply, and the rising number of procedures. 

Since the introduction of minimally invasive surgery, the percentage of cases requiring open surgery has steadily reduced (MIS). The demand for minimally invasive surgery has grown over time due to many benefits over traditional open surgery, including smaller and fewer scars, less discomfort, shorter hospital stays and recovery times, lower costs, and superior results.

On the other hand, the market is challenged by the availability of substitute wound care methods. 

These non-traditional approaches to wound care offer numerous benefits. For instance, surgeons can quickly close a long skin wound or a cut in a challenging-to-reach place using a skin stapler. Additionally, they require less time under anesthesia and are easier to remove than stitches. As the skin of the elderly population ages, these procedures become more effective. Furthermore, by preventing infection and other issues, wound care solutions help to accelerate healing and reduce scarring.

Furthermore, advances in suture technology led to the development of novel surgical sutures, like those based on human tendons. 

Traditional sutures hold wounds closed until they have fully healed, but the coarse fibers can tear and harm the already sensitive tissues, resulting in pain and post-surgery problems. In April 2021, researchers from Montreal developed a ground-breaking strong gel-sheathed (TGS) suture modeled after a human tendon to address the problem. It strengthens the elastin network while tying collagen fibers together. TGS sutures can also provide customized therapy based on the patient’s requirements.

Market Segmentation

Type Insights

Leading market players are investing in R&D projects, which will help the absorbable industry thrive in the future.

Filament Insights

The multifilament segment contributed the largest market share, with 50% of the revenue share in 2021. This is because multifilament strands provide advantages, including enhanced pliability, high tensile strength, and flexibility. Due to its endurance, monofilament sutures can cause suture crushing or crimping and unintended and early suture failure during surgery.

The multifilament segment contributed the largest market share, with 50% of the revenue share in 2021. This is because multifilament strands provide advantages, including enhanced pliability, high tensile strength, and flexibility. Due to its endurance, monofilament sutures can cause suture crushing or crimping and unintended and early suture failure during surgery.

Application Insights

In 2021, the other segment ruled the entire market with 35.0% of the revenue share. Furthermore, the cardiovascular surgery segment was the second-largest market in 2021. This is due to the growing incidence of cardiac disorders, the availability of adequate expertise in the field, favorable reimbursement conditions, and advancements in diagnostics.

Regional Insights

North America held the maximum regional market in 2021 with 40.0% of the revenue share. This is mostly caused by the region’s aging population, increased rates of traffic accidents, diabetes and obesity, and rising numbers of burn cases. The market in North America is expanding due to the rising demand for cutting-edge surgical techniques and goods, such as biocompatible surgical sutures with antimicrobial coatings.

Key Players

  • Medtronic plc
  • Ethicon Inc. (Johnson & Johnson)
  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Teleflex Incorporated
  • Smith & Nephew
  • DemeTech Corporation
  • Peters Surgical
  • CONMED Corporation
  • Surgical Specialties Corporation
  • InternacionalFarmacéutica S.A. De C.V.
  • Sutures India
  • EndoEvolution, LLC
  • Mellon Medical B.V.
Tags: BusinessHealth
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