Market Research Future (MRFR) has published a cooked research report on the “Global `Surgical Sutures Market” that contains information from 2023 to 2032. The `Surgical Sutures market is estimated to register a CAGR of 4.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global `Surgical Sutures market— Covidien, Ethicon US, LLC. (Johnson & Johnson Services, Inc.), B. Braun Melsungen AG, Smith & Nephew, Integra Lifesciences, Peter Surgical, Internacional farmaceutica, CONMED CORPORATION, Sutures India Pvt. Ltd.
Surgical Sutures Market Highlights
The global `Surgical Sutures market is accounted to register a CAGR of 4.90% during the forecast period and is estimated to reach USD 5.99 billion by 2032.
The need for surgical sutures in the medical industry is increasing as more procedures are performed on patients. Developments in the healthcare industry are producing better treatment techniques, which is expected to speed up market expansion. As more and more sophisticated treatment procedures are being utilized in surgeries, particularly in nations like the United Kingdom, Germany, the United States, Canada, and Japan, there is an increasing demand for surgical sutures that are useful for both surgeons and patients.
Segment Analysis
The global `Surgical Sutures market has been segmented based type, filament, and application.
On the basis of type, the market is segmented into absorbable and non-absorbable. The absorbable category dominated the global surgical sutures market in 2022 as a result of its ability to provide temporary support to wounds as they heal and its ability to withstand normal strain.
Based on filament, the global `Surgical Sutures market has been segmented into monofilament and multifilament. The multifilament category is expected to grow at the fastest pace during the forecast timeframe. The advantages of the multifilament section, such as enhanced pliability, high tensile strength, and flexibility, account for this.
Based on application, the global `Surgical Sutures market has been segmented into ophthalmic surgery, cardiovascular surgery, orthopedic surgery, neurological surgery, and others. In 2022, the segment that performed cardiovascular surgery had the highest revenue share. This is due to the prevalence of cardiac illnesses, the availability of sufficient specialists, attractive reimbursement regulations, and advancements in diagnostic technologies.
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Regional Analysis
The global `Surgical Sutures market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe `Surgical Sutures market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The `Surgical Sutures market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World `Surgical Sutures market comprises of Middle East, Africa, and Latin America.
The largest market share for Surgical Sutures was maintained by the North American regional sector. because to the presence of significant local players, the high cost of sutures relative to other nations, the advantageous reimbursement system, the expansion of government programs, and the established healthcare infrastructure.
Moreover, the Europe market has been persistently growing over the forecast period. This is related to the role of the aging population in the rise of chronic illnesses, which leads to operations and, in turn, increases the requirement for surgical sutures. As a result, it is projected that the local market will expand.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. This is owing to the government is spending more money on the healthcare system to fulfill the unmet requirements in this area and there are more senior people, who are more likely to require surgery.
Furthermore, the rest of the world's `Surgical Sutures market is divided into the Middle East, Africa, and Latin America. The market is mainly driven by the rising frequency of chronic diseases, the rising number of surgeries, and the rising geriatric population. The market for surgical sutures in this area is also expanding as a result of the rising adoption of cutting-edge medical technology and rising healthcare spending in nations like Brazil, Mexico, and Argentina.
Key Findings of the Study
- The global `Surgical Sutures market is expected to reach USD 5.99 billion by 2032, at a CAGR of 4.90% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the government is spending more money on the healthcare system to fulfill the unmet requirements in this area and there are more senior people, who are more likely to require surgery
- Based on application, the cardiovascular surgery segment was attributed to holding the largest market in 2022, with an approximate market share of 55.23%.
- Covidien, Ethicon US, LLC. (Johnson & Johnson Services, Inc.), B. Braun Melsungen AG, Smith & Nephew, Integra Lifesciences, Peter Surgical, Internacional farmaceutica, CONMED CORPORATION, Sutures India Pvt. Ltd.
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Companies Covered | 15 |
Pages | 128 |
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