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Global Surgical Sutures Market Size, Share, Trends, COVID-19 Impact and Growth Analysis Report – Segmented By Product (Sutures & Automated Suturing Devices), Application, End User and Region - Industry Forecast (2022 to 2027).

Published: January, 2022
ID: 2654
Pages: 170
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Surgical Sutures Market Size, Growth (2022 to 2027)

The global surgical sutures market size is projected to be worth USD 5.11 billion by 2027 from USD 4.0 billion in 2022 and is growing at a CAGR of 5% from 2022 to 2027.

Some of the key insights from the report:

  • Based on product, the absorbable suture segment led the global surgical sutures by holding the largest market share in 2021.
  • Based on application, the surgery application segment dominated the global market in 2021, and surgeries for cardiovascular-related issues drive this segment.
  • The North American surgical sutures market has captured the largest market share in 2021 and is expected to be worth USD 1.69 Billion by 2027.
  • The Asia Pacific, surgical sutures market has recorded the highest growth rate of  6.90% during the forecast period.

Impact of COVID-19 on the global surgical sutures market:

Due to the COVID-19 pandemic, the global surgical sutures market has seen a slight decline in product sales and growth rate in 2020 and the first six months of 2021. However, the market for surgical sutures is expected to see a significant growth opportunity in the coming years.

COVID-19 is one of the global pandemics that spread across boundaries. On March 11, 2020, the World Health Organization announced the outbreak as a public health emergency of international concern. Healthcare workers are at the frontline during the virus transmission, working to contain and mitigate the disease transmission. In addition, nationwide lockdowns have been implemented multiple countries worldwide to control the coronavirus transmissionirus.

Following the spread of COVID-19, the healthcare sector has seen numerous ups and downs in different markets. The coronavirus pandemic is also having an impact on the surgical suture market. The device sector, which contributes 60–75 %, is shrinking due to the lockout. The availability of supplies has been stagnant due to travel bans, which affect the surgical practice and, as a result, the surgical suture industry's impact. Many surgeries are being canceled due to the outbreak of coronavirus. Many departments and their personnel focus on covid – 19 patients, and because of staff shortages, surgeries are delayed or canceled in certain situations. Besides, hospitals devote money and tools to contaminated patients, which affects surgeries.

Furthermore, governments worldwide have imposed a lockout, resulting in a decrease in hospital visits and elective surgeries. About 28,000,000 operations were canceled or delayed globally in the 12 weeks of COVID-19. Furthermore, the pandemic disrupted patients' economic standing by causing job loss and inflation. As a result, many patients disregard the procedures. Henceforth, covid – 19 disrupted the clinics and affected everybody. As the number of surgeries decreased, so did the demand for surgical sutures, slowing the development of the surgical sutures industry. The surgical sutures market experienced a market downfall during the first quarter of 2020. The surgical sutures market had lost sales as the flight ban had disrupted the supply chain.

Moreover, the concerned surgical procedures were postponed, decreasing market growth. However, after the nationwide uplift of lockdown, the surgical sutures market has recorded the largest market share as the treatment of surgical procedures is resumed. As a result, the demand for surgical sutures has been increased due to increased demand. The market structure has been completely changed as the manufacturers manufacture as per the hospital's needs. However, despite the negative impact, the market is anticipated to grow at a healthy growth rate during the forecast period.

MARKET DRIVERS:

An increasing number of surgeries demand innovative surgical sutures and are expected to drive the global surgical sutures market growth.

The rising number of surgeries is the primary driver of the surgical suture market's expansion. The most crucial phase in post-operative surgery is surgical suturing. According to the WHO, about 4,469 patients perform surgery every 100,000 people per year. In contrast, approximately 500,000 open-heart surgeries are conducted annually, with about 395,000 in the United States alone. Furthermore, according to Healthgrades, almost 1.3 million pregnant women in the United States have their babies delivered by C-section each year.

Furthermore, according to data gathered by the Union Ministry of Health and Family Welfare under the Health Management Information System (HMIS), more than 14% of births in 2018-19 occurred via C-section. Aside from that, various surgeries take place around the world. Additionally, several surgeries occur worldwide for multiple causes, increasing the need for surgical sutures.

Innovative surgical advancements are also leading to the growth of the surgical suture market.

Sutures play an essential role in wound closing, so many industry players are creating new sutures that can heal quickly and be highly successful. Like, polymeric surgical sutures have received a lot of exposure when used for wound closure and drug delivery to the surgical site. Furthermore, the absorbable suture has seen widespread use in pregnancy over the past few decades. Along with this, new technologies are being developed to improve the effectiveness of sutures. As a result, the surgery suture showed significant growth.

Increased healthcare investments, along with government assistance, are fuelling the development of the surgical sutures market.

Increasing healthcare spending leads to improvement, which leads to a rise in demand. According to the National Health Expenditure Account (NHEA), healthcare expenditures in the United States will rise by up to 4.6 percent to $3.8 trillion in 2019. Furthermore, government funding for surgical sutures also boosts the market's expansion. The government initiates numerous programs to integrate surgical sutures, such as expanding the National Health Care scheme, which provides insurance for surgical sutures. Moreover, the government has relaxed the rules for surgical sutures and implemented payment schemes. As a result, physicians and manufacturers were more aware of and used surgical sutures in both campaigns.

MARKET RESTRAINTS:

The availability of alternative devices is expected to hinder the global surgical sutures market growth.

However, there has been a rise in surgical staplers compared to sutures, which could threaten the surgical suture market's development. The use of surgical staplers is due to many advantages, such as low cost, effectiveness, reliability, speed, and the ability to reduce infection; thus, doctors favor staplers over sutures for surgeries. Aside from that, other pharmaceuticals available decrease the probability of surgery, further reducing the need for surgical sutures.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Product, Application, End-User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global surgical sutures market has been segmented and sub-segmented based on product, application, end-user, and region.

Surgical Sutures Market– 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              

Based on the product, the absorbable suture segment is forecasted to lead the global surgical sutures market, whereas the future of this segment is to have the fastest growth rate in the coming years. Furthermore, increasing demand for biodegradable product types to reduce side effects after surgeries is leveraging the market's growth. As a result, the synthetic suture segment is estimated to account for the leading shares during the forecast period within the sub-segments of absorbable sutures. At the same time, the natural sutures are projected to showcase a healthy CAGR.

Under non-absorbable sutures, the stainless-steel sutures segment is predicted to account for the highest share in this segment during the forecast period. Nylon and proline sutures segments will display healthy growth in the coming years.

Surgical Sutures Market– By Application:

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

By application, the surgery application type is ruling with the highest share of the market. Furthermore, a rise in surgeries for cardiovascular-related issues focuses on expanding the size of this segment. Therefore, orthopedic surgeries application is next in line in delivering promising growth during the forecast period.

Surgical Sutures Market– By End User:

  • Hospitals
  • Other End-Users

Based on end-user, the Hospital sector dominates the market with the most significant shares from the past decade. The increasing construction of hospitals and the growing flow of patients rapidly magnifies the market's growth.

Surgical Sutures Market– By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, in 2021, the North American surgical sutures market accounted for a share of 39% of the global market and is estimated to continue its dominance throughout the forecast period owing to the adoption of the latest surgical sutures in hospitals. In addition, the rise in capital income in both developed and developing countries are gearing up for market growth.

The Asia Pacific surgical sutures market accounted for a substantial share of the global surgical sutures market in 2021, owing to the rising funds from government organizations and increasing focus on improving treatment procedures.

The surgical sutures market in Europe was valued at USD 1.15 billion in 2022.

The Latin American surgical sutures market is forecasted to be growing at a CAGR of 5.1% from 2022 to 2027.

The surgical sutures market in the Middle East and Africa has an inclined growth rate during the forecast period.

KEY MARKET PLAYERS:

Notable companies in the global 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.

These major players expand their market share by applying strategies such as mergers, acquisitions, partnerships, and launches. 

RECENT MARKET DEVELOPMENTS:

  • In January 2021, DKSH, Asia's leading partner for healthcare companies, expanded its partnership with Healthium Medtech, the world's fourth-largest surgical suture manufacturer, to deliver high-quality surgical medical device products.
  • In November 2020, Healthium Medtech launched a knotless tissue closure device - Trubarb™, intended for suturing. This device shortens suturing time, decreases morbidity and ischemic necrosis that arise from knotting, and simplifies the overall suturing experience for surgeons.
  • The Endoscopy Division of Smith & Nephew's company introduced UltraBraid. It is a high-strength polyethylene suture for affixing soft tissue to bone. It offers strength for soft tissue repair that will become loaded on Smith & Nephew's TwinFix. These sutures are used for repairing shoulder bone injuries to the rotator cuff.
  • In August 2016, Ethicon, a leading wound closure company, introduced two new suture technologies named STRATAFIX Spiral PDS Plus and STRATAFIX Spiral Monocryl Plus Knotless Tissue Control Devices. These two new suture devices provide more robustness and safety.

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FAQ's

What is the COVID-19 Impact on the global surgical sutures market?

The COVID-19 impact moderately hampered the growth rate of the surgical sutures market in 2020 and 2021. However, from the second half of 2021, the market's growth started recovering and is expected to register a healthy growth rate by the end of the forecast period.

Which region accounted for the major share in the global surgical sutures market in 2021?

Geographically, the North American region dominated the surgical sutures market worldwide and occupied a share of 41% in 2021.

Who are the prominent companies in the surgical sutures market?

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 are playing a key role in the surgical sutures market.

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