Nonabsorbable Multifilament Suture Market Size, To Witness Promising Growth Rate 5.6% by 2033
According to Market.us, the Nonabsorbable Multifilament Suture Market size is projected to surpass around USD 10 billion by 2033, from USD 6 billion in 2023, and it is poised to reach a registered CAGR of 5.6% from 2023 to 2033.
The Nonabsorbable Multifilament Suture Market refers to the segment of the medical device industry that deals with nonabsorbable multifilament sutures. These sutures are used in various surgical procedures where long-term wound closure is required. Unlike absorbable sutures, which are broken down and absorbed by the body over time, nonabsorbable sutures remain in the body indefinitely.
Nonabsorbable multifilament sutures are typically made from materials such as silk, polyester, polypropylene, or nylon. They consist of multiple strands twisted or braided together, providing strength and durability for wound closure. These sutures are commonly used in procedures such as cardiovascular surgery, orthopedic surgery, plastic surgery, and general surgery.
Key Takeaways
- Market Growth Projection: Nonabsorbable Multifilament Suture Market is set to reach USD 10 billion by 2033, with a robust 5.6% CAGR from USD 6 billion in 2023.
- Dominant Suture Types: Silk Sutures hold a 32.2% market share due to smoothness; Polyester, Polypropylene, and Nylon are trusted choices for their strength and flexibility.
- Application Insights: Ophthalmic Surgeries dominate with a 35.1% market share, highlighting the preference for nonabsorbable multifilament sutures in eye procedures.
- End-User Landscape: Hospitals/Clinics lead with a strong 41.2% market share in 2023, emphasizing the widespread trust in nonabsorbable multifilament sutures.
- Regional Dominance: North America leads with over 33.5% revenue share in 2023, driven by consumer awareness, increased spending on nutritional products, and retail expansion.
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Factors affecting the growth of the Nonabsorbable Multifilament Suture Market
- Increasing Surgical Procedures: The rise in surgical procedures, including cardiovascular surgeries, orthopedic surgeries, and plastic surgeries, drives the demand for nonabsorbable multifilament sutures. As the population ages and medical technology advances, the number of surgeries performed globally continues to increase, fueling market growth.
- Technological Advancements: Ongoing advancements in suture technology contribute to the growth of the market. Innovations in materials, manufacturing processes, and suture designs enhance the strength, flexibility, and biocompatibility of nonabsorbable multifilament sutures, making them more suitable for various surgical applications.
- Rising Chronic Diseases: The prevalence of chronic diseases, such as cardiovascular diseases, diabetes, and cancer, necessitates surgical interventions for treatment and management. Nonabsorbable multifilament sutures are essential for wound closure in surgical procedures related to these conditions, driving the market growth.
- Minimally Invasive Surgeries: The growing preference for minimally invasive surgical techniques, which require smaller incisions and result in faster recovery times, boosts the demand for nonabsorbable multifilament sutures. These sutures are used in laparoscopic, endoscopic, and robotic-assisted surgeries, contributing to market expansion.
Market Leading Segmentation
By Product Type: Silk Sutures: Silk sutures accounted for over 32.2% of the Nonabsorbable Multifilament Suture market in 2023, reflecting their popularity among healthcare providers. Known for their smoothness and ease of handling, silk sutures are favored for their performance during surgeries, making them the top choice in the market.
By Application: Ophthalmic Surgeries: Ophthalmic surgeries led the Nonabsorbable Multifilament Suture market in 2023, comprising over 35.1% of the market share. Surgeons specializing in eye procedures prefer nonabsorbable multifilament sutures due to their specific characteristics suited for ocular surgeries.
By End-User: Hospitals/Clinics: Hospitals and clinics dominated the Nonabsorbable Multifilament Suture market in 2023, holding over 41.2% of the market share. Healthcare professionals in these settings prefer nonabsorbable multifilament sutures for their reliability and effectiveness across a wide range of surgeries.
Based on Product Type
- Silk Sutures
- Polyester Sutures
- Polypropylene Sutures
- Nylon Sutures
Based on Application
- Ophthalmic Surgeries
- Cardiovascular Surgeries
- Orthopedic Surgeries
- Neurological Surgeries
- Other Applications
Based on End-User
- Hospitals/Clinics
- Ambulatory Surgical Centers
Маrkеt Кеу Рlауеrѕ
- Medtronic plc
- L. Gore & Associates Inc.
- AgnTho’s AB
- Zeus Industrial Products Inc.
- Aurolab
- Braun Melsungen AG
- Arthrex Inc.
- Futura Surgicare Pvt. Ltd.
- Lotus Surgicals
- Geeky Medics
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Regional Analysis
North America held the highest revenue share at over 33.5% in 2023. The market’s trajectory in this region is on a growth trajectory, primarily propelled by heightened consumer awareness of the benefits associated with organic packaged food.
Key Regions and Countries
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- MEA
- GCC
- South Africa
- Israel
- Rest of MEA
Drivers
The Nonabsorbable Multifilament Suture market is growing a lot because more surgeries are happening around the world, especially in hospitals and clinics. As the need for surgeries increases, there’s also a greater demand for reliable sutures. Nonabsorbable multifilament sutures are the top choice because they are effective and versatile for different types of surgeries.
Improvements in making sutures are also contributing to the market’s growth. Scientists are finding better ways to make sutures stronger, more flexible, and less reactive in the body. These advancements help the sutures work better during surgeries. Doctors and nurses prefer using the latest and most advanced nonabsorbable multifilament sutures because of these innovations.’
Restraints
The Nonabsorbable Multifilament Suture market is growing a lot because more surgeries are happening around the world, especially in hospitals and clinics. As the need for surgeries increases, there’s also a greater demand for reliable sutures. Nonabsorbable multifilament sutures are the top choice because they are effective and versatile for different types of surgeries.
Improvements in making sutures are also contributing to the market’s growth. Scientists are finding better ways to make sutures stronger, more flexible, and less reactive in the body. These advancements help the sutures work better during surgeries. Doctors and nurses prefer using the latest and most advanced nonabsorbable multifilament sutures because of these innovations.
Opportunities
The Nonabsorbable Multifilament Suture market has great chances to grow more. One big opportunity is the ongoing improvements in how surgeries are done. As surgical methods get better, there’s a need for sutures that work well with these new techniques. Nonabsorbable multifilament sutures, being versatile, can be essential in meeting the changing needs of these modern surgical methods.
There’s also a chance to use these sutures in different areas of medicine. Exploring new medical fields and types of surgeries where these sutures can be useful opens up new markets. When suture makers and healthcare experts work together, they can find fresh applications, expanding the possibilities for these sutures.
Challenges
The Nonabsorbable Multifilament Suture market has some challenges that affect how much it grows and gets accepted. One big challenge is the need to keep doing research and development to match the new ways surgeries are done. As surgeries get better, the nonabsorbable multifilament sutures need to keep up, and that means suture makers have to keep learning and changing their products to fit the new needs of modern surgeries.
There’s also a challenge from other types of sutures and materials that are competing for attention in the market. Different materials and technologies, like absorbable sutures or new alternatives, create competition. Suture makers have to figure out how to stand out and show that nonabsorbable multifilament sutures are special and effective to keep their place in the market.
Conclusion
In conclusion, the Nonabsorbable Multifilament Suture market exhibits robust growth driven by the diverse range of sutures available and their applications across various surgical procedures. Silk, polyester, polypropylene, and nylon sutures each play essential roles in meeting specific medical needs, catering to preferences of healthcare providers.
Ophthalmic surgeries, cardiovascular procedures, orthopedic interventions, and neurological operations represent key areas where nonabsorbable multifilament sutures are extensively utilized, highlighting their importance in addressing a wide spectrum of medical conditions.
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