APAC Surgical Sutures Market

APAC Surgical Sutures Market Size (2022 to 2027)

The size of the Asia Pacific Surgical Sutures Market is predicted to grow USD 1.04 Billion by 2027 from USD 0.80 Billion in 2022, registering a CAGR of 5.4% from 2022 to 2027.

When it comes to removal, they are more convenient than stitches. With the help of government initiatives and launching various public healthcare programs, a rise in the elderly population, growing healthcare expenditure, increase in the number of complex surgeries, and increasing medical tourism, the APAC surgical staples market is expected to see significant growth during the forecast period.

The growth of the APAC Surgical Sutures Market is primarily driven by the improved healthcare infrastructure, growing healthcare knowledge, rising disposable income, accelerating demand for healthcare needs, and Y-O-Y growth in medical tourism. Asia-Pacific region is considered to be the quickest growing among all the regions. In addition, factors such as Y-O-Y growth in the prevalence of chronic diseases and the rising number of technological advancements such as absorbable sutures further drive the market growth. Also, the increase in the number of surgeries and the growing demand for surgical suture devices are accelerating the market's growth rate.

The cost associated with the surgical suture devices is so expensive, where small-scale hospitals and clinics couldn’t afford to purchase them, obstructing the market. In addition, not know surgical suture devices or a lack of trained professionals is hampering the market.

Increasing competition and strict regulations among key players are the major obstacles to controlling market expansion. In many cases, needle-related infections have hampered the growth of the surgical suture market. In addition, the lack of a proper sterilization system and unfavorable taxation in medical institutions hinder the growth of the APAC Surgical Sutures Market.

This research report on the APAC surgical sutures market has been segmented and sub-segmented into the following categories:

By Product:

• Sutures
  • Absorbable sutures          
    • Natural sutures
    • Synthetic sutures
  • Non-Absorbable sutures
    • Nylon sutures
    • Proline sutures
    • Stainless steel sutures
    • Other Non-absorbable sutures
  • Automated Suturing devices                            
    • Disposable          
    • Reusable              

By Application:

• Surgeries
• General Surgeries
• Gynecological Surgeries
• Orthopedic Surgeries
• Ophthalmic Surgeries
• Other Applications

By End User:

• Hospitals
• Other End-Users

By Region:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

The Asia-Pacific region is estimated to be the fastest-growing region in the global market due to the largest population and rise in diabetes, cardiovascular disease, coronary thrombosis, cancer, etc. In addition, China, India, South Korea, and other Asia-Pacific nations are expected to see major improvements in healthcare infrastructure, which is expected to generate growth possibilities to the APAC surgical sutures market. As a result, the Philippines, South Korea, and Taiwan have contributed 10-15% of the market share to the APAC surgical sutures market in 2020.

The surgical sutures market has a quick growth rate in India. The major factors propelling the market's growth rate are the increasing usage of sutures in the healthcare sector and the rise in chronic diseases. In addition, the easy availability of raw materials is also propelling the growth rate of the market.

China has been providing crucial opportunities for the key market participants owing to making better changes in healthcare infrastructure, increasing knowledge related to healthcare, and increasing demand for better healthcare.

The Japanese surgical sutures market is one of the leading countries in the APAC region. This is attributed due to growing disposable income and the increasing medical tourism industry. In addition, the government's rise in investments in the development of innovative products greatly influences the market's growth rate.

KEY MARKET PLAYERS:

Some of the most promising companies operating in the APAC Surgical Sutures Market profiled in this report are Johnson & Johnson Inc., B. Braun Melsungen AG, Smith & Nephew PLC, Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Boston Scientific Corporation, 3M Healthcare, Medtronic Inc., and Sutures India Pvt Ltd.