Surgical Sutures Market Estimated to Hit USD 6.11 billion by 2027, Driven by Robust 5.6% CAGR

Allied Market Research published a report, titled, “Surgical Sutures Market by Type (Automated Suturing Devices and Sutures), Material (Monofilament and Multifilament), Application (Cardiovascular Surgeries, General Surgeries, Gynecological Surgeries, Orthopedic Surgeries, and Ophthalmic Surgeries): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global Surgical Sutures Market Size was valued at USD 4.35 billion in 2019 and is poised to Reach USD 6.11 billion by 2027 witnessing a Growing CAGR of 5.6% from 2020 to 2037.

The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

Covid-19 Scenario

• Many hospitals have postponed the selected surgeries due to eliminating possibility of cross-contaminations and allocation of resources to Covid-19 wards. Only those surgeries that were extremely necessary were conducted.
• Surgical procedures have been reduced significantly as many patients delayed their surgeries after consultation with their doctors. This reduced the demand for surgical sutures.
• The demand would rise steadily as the pace of surgeries conducted in hospitals increases and the number of coronavirus-infected patients decreases.

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𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 Surgical Sutures 𝐌𝐚𝐫𝐤𝐞𝐭?

Increase in incidence of chronic diseases, surge in number of surgical procedures worldwide, and demand for minimally invasive surgeries drive the growth of the global surgical sutures market. However, availability of alternative wound care management products hinder the market growth. Contrarily, advancement in technologies and untapped potential from emerging countries are expected to create new opportunities in the next few years.

Top Surgical Sutures Companies:-

• Johnson & Johnson
• Braun Group
• Smith+Nephew
• DemeTECH Corporation
• CONMED Corporation
• L. Gore & Associates
• Boston Scientific
• Medtronic
• Healthium Medtech Limited
• Peters Surgical
• Surgical Specialties

Global Surgical Sutures Market Segmentation:-

Based on Product, the segment of the suture accounted for the highest market share, holding more than four-fifths of the total share of the global surgical sutures market in 2019, and will continue its lead position in terms of revenue during the forecast period. This is due to rise in number of surgeries across the world and the emergence of smart suture that offer electronic feedback to patients. However, the automated suturing devices segment is estimated to grow at the highest CAGR of 6.3% from 2020 to 2027, owing to applicability to different surgical methods including open surgical operations, minimally invasive surgery, and female urogenital surgeries.

Based on Material, the multifilament segment contributed to the highest share in 2019, accounting for more than half of the global surgical sutures market, and is projected to maintain its highest contribution throughout the forecast period. Moreover, this segment is projected to witness the highest CAGR of 6.0% from 2020 to 2027. This is due to its better tensile resistance, flexibility, and pliability than monofilament suture. The report also analyzes the monofilament segment.

Based on Region, North America accounted for the highest market share in 2019, contributing to nearly half of the global surgical sutures market, and will maintain its leadership status by 2027. This is attributed to increase in adoption of advanced absorbable & antibacterial coated sutures, rise in surgical procedures, and the development of the wound management sector in the region.

However, Asia-Pacific is expected to manifest the highest CAGR of 7.5% during the forecast period, owing to increase in number of surgical procedures with rise in incidence of chronic diseases and demand for better healthcare services from huge patient base.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook 

• North America
  (U.S., Canada, Mexico)
• Europe
  (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
  (Japan, China, India, Rest of Asia-Pacific)
•  LAMEA
  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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