Global Surgical Suture Market – Analysis and Forecast (2018-2024)

Industry Insights by Product (Sutures Thread and Automated Suturing Devices), by Application (Cardiovascular Surgeries, Ophthalmic Surgeries, General Surgeries, Orthopedic Surgeries, Gynecological Surgeries and Others), by End-User (Hospitals and Others)

Status : Upcoming
Report Code : VRHC1020
Available Format : PDF
Industry : Healthcare

Industry Overview

Sutures are used to close incisions after surgery, blood vessels, and other tissues of human body. It is used to close wound in various surgeries such as orthopedic surgery, neurosurgery, plastic surgery, general surgery, cardiovascular surgery urological surgery and gynecological surgery. Suture is used in the surgery depending upon the need and surgery. The global surgical suture market is growing at significant rate due to increasing number of surgeries and increasing prevalence of chronic diseases.

The sutures are classified into absorbable sutures and non-absorbable sutures. Different types of products contributed to the surgical suture market size. The market has witnessed high demand for sutures thread over the last few years, due to the increasing number of surgeries.

Market Segmentation

Insight by Product

On the basis of product, the market is subdivided into sutures thread and automated suturing devices. The suture thread account for the largest share in the surgical suture market due to escalating number of surgeries. The automated suturing device is expected to grow at fastest rate due to mounting need for minimally invasive surgery and benefits of automated suturing device such as decrease risk of injuries to surgeons, easiness of handling, improved articulation, and faster medical procedures by decreasing the quantity of tools used for suturing.

The suture thread segment is further subdivided into absorbable sutures and non-absorbable sutures. Absorbable sutures hold the largest share and is predicted to grow at the fastest rate in the market due to its usage in multiple surgeries, specifically for surgeries which are performed on internal organs.

Insight by Application

The global surgical suture market has also been subdivided by application into cardiovascular surgeries, ophthalmic surgeries, general surgeries, orthopedic surgeries, gynecological surgeries and others. The cardiovascular surgeries segment is expected to grow at fastest rate in the market due to expanding geriatric population, mounting occurrence of hypertension, boosting obesity rate, escalating amount of cardiac surgeries, boosting cases of cardiovascular diseases and accessibility of advanced products.

Insight by End-User

The end users of suture are hospitals and other end users such as nursing homes, clinics, and ambulatory surgery centers. The hospital account for the largest share in the surgical suture market due to mounting occurrence of various diseases, boosting number of reimbursed inpatient procedures, mounting number of hospitals, and expanding geriatric population.

Industry Dynamics

Growth Drivers

The growing number of surgical procedures and burns, mounting acceptance of cosmetic surgeries and introduction of innovative sutures are the primary growth drivers for surgical suture market. For instance, according to American Society of Plastic Surgeons in 2015 approximately 15.9 million cosmetic procedures were performed in the U.S., a two percent increase over 2014.

Promising reimbursement situation for a number of surgical procedures, intensifying healthcare expenditure, enlarging number of hospitals and boosting healthcare demand in developing countries are also fueling the growth of the surgical suture market. Expanding geriatric population and escalating occurrence of chronic diseases such as diabetes, cardiovascular diseases are boosting the growth of the surgical suture market. For instance, according World Health Organization (WHO) approximately 17.7 million people died from cardiovascular diseases in 2015.

Challenges

The mounting acceptance of minimally invasive procedures and availability of alternative wound care management products are the major challenges for the growth of surgical suture market. Minimally invasive procedure limits the size and number of incisions, thus leading to usage of less surgical sutures which further hinder the growth of the market. Moreover, emergent need of advance wound closure material, and side effects of sutures are hindering the growth of the surgical suture market. Some of the side effects of sutures are pain, inconvenience, permanent scar and sutured area may move less than surrounding skin.

Geographic Overview

Geographically, North America is the largest surgical suture market as the region is home to large number of industry players. Some of the other factors leading to the growth of the North American market are escalating number of surgeries, expanding geriatric population, mounting occurrence of lifestyle associated diseases and the highest healthcare expenditure globally.

Asia-Pacific is observed to witness the fastest growth in the market. As the region comprises of largest population and the attentiveness for healthcare is enhancing rapidly among them. In addition, boosting number of surgical procedures, mounting healthcare expenditure, growing medical tourism, and advancing healthcare infrastructure are also creating a positive impact on the surgical suture industry growth in the region.   

Competitive Insight

Key players in the surgical suture industry are investing in the development of innovative and advance suture products, which is strengthening their position in the market. In August 2017, Ethicon launched the ProxiSure Suturing Device, an advanced laparoscopic suturing device in the U.S. In March 2018, Smith & Nephew launched Q-FIX CURVED, SUTUREFIX CURVED and Q-FIX MINI, all-suture anchor systems to its sports medicine product portfolio. Ethicon Inc., Demetech Corporation, B. Braun Melsungen AG, Sutures India Pvt. Ltd., Medtronic PLC, Péters Surgical, Smith & Nephew, Boston Scientific Corporation, and Endoevolution LLC are some of the key players offering suture products.

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