Surgical Suture Market was valued at US$ 4.43 Bn. in 2022 and the total Surgical Suture revenue is expected to grow at 6.1% from 2023 to 2029, reaching nearly US$ 6.71 Bn.
Surgical Suture Market Scope :
The Surgical Suture Market report presents analytical data that highlights key aspects such as trends, targets, market position, and market value during the forecast period. The competitive analysis covers the major market players, their production capacity, and the demand and supply of their products and services. The report includes key players as well as aspiring companies in the Surgical Suture market. The segmentation analysis aids in understanding different datasets and provides behavioral and geographical analysis to capture significant changes in the forecast period. It also reveals opportunities and revenue generation potential for leading players in the Surgical Suture market. SWOT analysis is performed as a strategic planning and management technique to identify strengths, weaknesses, opportunities, and threats related to business competition or project planning. Porter’s analysis is conducted to assess an organization’s strengths, weaknesses, and critical factors affecting profitability. PESTLE analysis is a strategic framework used to evaluate the operating environment of an organization.
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Surgical Suture Market Overview :
Maximize Market Research, a leading business consultancy has published a research report on the Surgical Suture market. The report showcases the global growth of the Surgical Suture market, projecting its upward trajectory until 2029. It provides valuable insights into key industries and offers comprehensive data analysis. The report presents graphical representations that illustrate the current position and potential of the market.
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Surgical Suture Market Segmentation :
by Type
• Absorbable
• Non-absorbable
Because of its capability to provide temporary support to wounds while they heal and its capacity to withstand routine stress, the absorbable sector retained the biggest sales share of nearly 56% in 2022. Also, because they are naturally biodegradable, absorbable sutures are becoming more and more necessary. Leading market players are investing in R&D projects as a result, which is anticipated to help the absorbable industry thrive in the future. Non-absorbable sutures have a smaller market share than absorbable sutures since they cannot decay or disintegrate. When absorbable sutures fall short of expectations, these sutures are frequently employed in abrasive interior settings. These sutures are typically used for long-term closures or slow-healing tissues.
by Filament
• Cardiovascular Surgery
• General Surgery
• Gynecological Surgery
• Orthopedic Surgery
• Ophthalmic Surgery
• Cosmetic & Plastic Surgery
• Other
In 2022, the multifilament market category held a revenue share of more than 50%. The multifilament sector is anticipated to expand at the fastest rate over the course of the projection period. 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, as well as unintended and early suture failure during surgery. They are also challenging to manage. Monocryl, nylon, prolene, and polydioxanone are among the materials used to make monofilament sutures. These sutures have weak knot security despite being less likely to spread infection. Growth of monofilament sutures is being constrained by these factors.
by Application
• Cardiovascular Surgery
• General Surgery
• Gynecological Surgery
• Orthopedic Surgery
• Ophthalmic Surgery
• Cosmetic & Plastic Surgery
• Other
With a revenue share of more than 41% in 2022, the other category led the surgical suture market. The segment with the second-largest revenue share in 2022 was cardiovascular surgery. This is brought about by several factors, including the high frequency of cardiac illnesses, the accessibility of qualified professionals, favourable reimbursement policies, and improvements in diagnostic technology. This is leading to a significant rise in cardiac surgeries, which is raising the demand for surgical sutures throughout the course of the forecast period. Orthopaedic surgery became the third-largest application field in 2022 and is anticipated to experience rapid growth over the course of the projection period. The reason for this is that there are more traffic accidents now, and there are more orthopaedic injuries as a result. in line with
by End-User
• Hospitals
• Ambulatory Surgical Centers (ASCs)
• Clinics & Physician Offices
Surgical Suture Market Key Players :
• Medtronic plc (US)
• Johnson & Johnson (US)
• Sutumed (US)
• Vital Sutures (US)
• Unilene (US)
• Riverpoint Medical (US)
• CONMED Corporation (US)
• Boston Scientific Corporation (US)
• DemeTECH Corporation (US)
• Stryker Corporation (US)
• Zimmer Biomet (US)
• Advanced Medical Solutions Group plc (UK)
• Smith & Nephew (UK)
• B. Braun Melsungen (Germany)
• Peters Surgical (France)
• Genia SA (France)
• Mellon Medical (Netherlands)
• Biosintex (Romania)
• Dolphin Sutures (India)
• Healthium MedTech (India)
• GPC Medical (India)
• Lotus Surgicals (India)
• CPT Sutures (Vietnam)
• ARC Medical Supplies(Beijing) Co., Ltd. (China)
• Tagumedica SA (Peru)
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Regional Analysis
The analysis presents segmented data by region in a visual format. It offers an overview of the market, comparing it regionally based on the market value of products, demands, and the position of key market players. It also highlights targeted regions and their production capacities. This report assists in implementing new strategies tailored to specific countries and regions within the market.
Key Questions Answered in the Surgical Suture Market Market Report:
- What is the definition of the Surgical Suture Market?
- What is the forecast period for the Surgical Suture Market?
- What is the competitive landscape of the Surgical Suture Market?
- Which region holds the largest market share in the Surgical Suture Market?
- What are the opportunities for the Surgical Suture Market?
- What factors are influencing the growth of the Surgical Suture Market?
- Who are the key players in the Surgical Suture Market?
- Which company holds the largest share in the Surgical Suture Market?
- What will be the compound annual growth rate (CAGR) of the Surgical Suture Market during the forecast period?
- What key trends are expected to emerge in the Surgical Suture Market in the coming years?
Key Offerings:
- Market Share, Size, and Revenue Forecast | 2022-2029
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Market Segmentation: Detailed analysis by Surgical Suture Market
- Landscape: Leading key players and other prominent participants
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