Surgical sutures are medical devices used to close wounds through a process in which a length of thread-like material attached to a needle is used to stitch the skin tissues together. The nature of the material used for sutures depends highly upon the application and type of surgery to be performed. The global surgical sutures market is projected to grow at a CAGR of 6% over the forecast period, i.e., 2023 – 2033. The market comprised a market value of USD 3,498.82 million in 2018 which is estimated to grow significantly by the end of this period. This can be attributed to the growing demand for surgical procedures across the world and the surgical innovations that are targeted and specific to the patient.
As a business in the medical supplies industry, understanding the importance and demand for high-quality surgical sutures is crucial. These tiny threads may seem insignificant, but they are an essential tool that surgeons rely on every day to close wounds and promote proper tissue healing.
Growth Highlights based on Region during 2018-2027
The market in North America held a share of 35.28% in 2018 is estimated to continue the trend of holding the leading share in the surgical sutures market by 2027. Growing investments in the healthcare industry by government as well as private organizations for providing improved healthcare services and facilities is anticipated to result in market growth in the region. The market in the United States is predicted to grow at a CAGR of 3.98% during the forecast period on account of the rising adoption of advanced treatment methods that focus on minimally invasive surgeries. The surgical sutures market in Asia Pacific is estimated to grow at a significantly high rate in the future on the back of the increasing availability of advanced healthcare in the region, mainly in China, Japan, and India.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
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Market Segmentation Synopsis
By Product
Based on product, the market for surgical sutures is segmented into absorbable and non-absorbable sutures, out of which, the absorbable sutures are anticipated to hold a larger share in the market as compared to non-absorbable sutures. This can be attributed to the growing demand and use of absorbable sutures by surgeons as these sutures decrease the number of follow-up visits and reduce the risk of infection. Non-absorbable sutures have to be removed as they are biologically inert. Moreover, they might cause an inflammatory response which is estimated to limit the market growth of this segment.
By Material
The surgical sutures market is segmented based on material into natural and synthetic segments. The natural segment consists of materials such as silk, linen, and catgut, while the synthetic segment includes nylon, polypropylene, stainless steel, PTFE, polyvinylidene fluoride (PVDF) and others. Synthetic surgical sutures are highly preferred over natural sutures as they are relatively safer than natural materials. Natural materials increase the risk of post-surgical infection owing to which the demand of this segment is low. Out of all synthetic materials used as sutures, nylon sutures are anticipated to capture a larger market share.
By Application
Based on application, the market is segmented into general surgeries, gynecological surgeries, cardiovascular surgeries, orthopedic surgeries, urinary system surgeries, dental surgeries and others. The general surgeries segment is anticipated to contain the largest market share on account of the growing number of accidents that require stitches. This segment is followed by cardiovascular surgeries and orthopedic surgeries as they require efficient medical products for wound closure during surgery.
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By Distribution Channel
Based on distribution channel, the market is segmented into online and offline distribution channels, out of which, the offline channel segment captures the largest market share currently. However, the online distribution channel is estimated to observe a high growth with a CAGR of 4.22% over the forecast period on account of the rising number of internet users, availability of a wider range of products online than offline, and easier online transactions.
By End User
Based on end users, the market is segmented into hospitals, ambulatory surgical centers, clinics, and others. The large market size of the hospital segment which is estimated to reach USD 2,845.26 million by the end of 2027 can be attributed to the higher number of patients in hospitals and large facilities as compared with smaller healthcare facilities. According to the American Hospital Association, the total number of all U.S. hospitals was reported to be 6,210 in 2017. The total expenses for these hospitals were found to be around USD 1,060.93 billion.
Market Drivers and Challenges
Growth Indicators
The growth in surgical procedures that are being performed on patients raises the demand for surgical sutures in the medical industry. Advancements in the healthcare industry lead to the development of improved treatment techniques, which is estimated to increase the market growth. The rising prevalence of surgeries with innovative treatment methods, especially in countries such as the U.K., Germany, the U.S., Canada, and Japan, increases the demand for surgical sutures that are convenient for the surgeons as well as the patients. Moreover, the growing awareness among people about the availability of these advanced technologies increases the demand for these products as well. Further, the favorable reimbursement policies by the government for managing the growing number of diseases is another factor predicted to positively impact the market growth along with the growing geriatric population and provision of universal healthcare by various countries to their citizens.
Barriers
The major barrier to the growth of the surgical sutures market is the lack of advancements in surgical sutures. The structure of sutures and the material used have not been developed or improved in the past few years, which is estimated to hinder the market growth. The presence of substitute products such as surgical staplers that aid in faster healing and reduce the traces of scars is another factor estimated to become a threat to surgical sutures. Additionally, a natural material used in sutures known as catgut has been banned in Europe owing to the risk of transmission of diseases which is predicted to hamper the market growth further.
Some of the affluent industry leaders in the global surgical sutures market are Johnson & Johnson, B. Braun Melsungen AG, Medtronic Inc., Conmed Corporation, DemeTECH Corporation, MANI, Inc., Teleflex Incorporated, and Dolphin Sutures. Moreover, other key and niche players are working towards bringing improved and efficient surgical sutures for carrying out effective surgical procedures in the market along with investing in the development of better surgical sutures in order to gain a competitive edge in the global surgical sutures market.