Surgical Sutures Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Surgical Sutures Market Report Overview
The surgical sutures market size is $2.26 billion in 2023. The market is expected to grow at a CAGR of more than 3% during 2023-2033. Surgical sutures are used to hold tissues together after injury or surgery to enhance the natural healing process. They are commonly used on the skin, internal tissues, organs, and blood vessels.
Surgical Sutures Market Outlook, 2023-2033 ($ Billion)
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The surgical sutures market research report is built to visualize quantitative market trends within the Wound Care Management therapeutic area. The model discusses in detail the impact of COVID-19 on the surgical sutures market for the year 2020 and beyond. Each of the covered 39 countries’ color-coded and fully sourced market model is equipped with epidemiology-based indications with procedure volumes.
Market Size (2023) | $2.26 billion |
CAGR (2023-2033) | >3% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Segments | · Absorbable Sutures
· Non-Absorbable Sutures |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Leading Companies | · Arthrex Inc
· Ethicon Inc · Covidien Holding Inc · B. Braun Melsungen AG · Peters Surgical |
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Surgical Sutures Market Dynamics
A growing surgery market, the importance of improving patient outcomes, ensuring safer surgical recoveries, and increasing disease burden will continue to drive the growth of the surgical sutures market. Payers, regulators, and healthcare facilities are continuously focusing on patient outcomes and quality improvement. Moreover, there have been various technological advancements in the surgical sutures market which have led to a higher adoption of surgical sutures compared to other wound closure methods.
Surgical Sutures Market Segments
The surgical sutures market can be segmented into absorbable sutures and non-absorbable sutures. Absorbable sutures lead the surgical sutures market in 2023. They are called so as absorbable sutures are absorbed or broken down by the human body after a given period. Absorbable sutures can be further sub-segmented into knotless absorbable sutures and knotted absorbable sutures. The latter has a higher market value in 2023.
Surgical Sutures Market Analysis by Segments, 2023 (%)
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Surgical Sutures Market Segmentation by Regions
The key regions in the surgical sutures market are North America, Europe, the Asia-Pacific, South Central America, and the Middle East and Africa. North America holds the largest share of the suturing devices market, and the region is expected to retain its leading position through the forecast period. Moreover, the US holds the largest contribution to the regional market. The factors driving the North American surgical sutures market include an increase in surgical procedures, positive changes in reimbursement policy, and widespread healthcare coverage.
Surgical Sutures Market Analysis by Regions, 2023 (%)
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Surgical Sutures Market - Competitive Landscape
Some of the leading companies in the surgical sutures market are Arthrex Inc, Ethicon Inc., Covidien Holding Inc., B. Braun Melsungen AG, and Peters Surgical. Ethicon Inc. holds the largest share of the surgical sutures market in 2023.
Surgical Sutures Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Surgical Sutures Segment Outlook (Value, $ Billion, 2015-2033)
- Absorbable Sutures
- Knotless Absorbable Sutures
- Knotted Absorbable Sutures
- Non-Absorbable Sutures
- Knotless Non-Absorbable Sutures
- Knotted Non-Absorbable Sutures
Surgical Sutures Regional Outlook (Value, $ Billion, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East and Africa
Key Inclusions
Key Inclusions of the market model are:
Currently marketed surgical sutures and evolving competitive landscape –
– Insightful review of the key industry trends.
– Annualized total Surgical Sutures market revenue by segment and market outlooks from 2015-2033.
– Granular data on total procedures, units, average selling prices, and market values by segment.
Global, Regional, and Country level market specific insights –
– Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
– SWOT analysis for the surgical sutures market.
– Competitive dynamics insights and trends provided for the surgical sutures market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the market access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
– Country-specific overview of the healthcare system.
– Country-specific reimbursement policies.
– Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Arthrex Inc, Ethicon Inc, Covidien Holding Inc, B. Braun Melsungen AG, Peters Surgical, Gunze Ltd, Centenial Surgical Suture Ltd, Assut Medical Sarl, Healthium MedTech Ltd, Smith & Nephew Plc, DemeTECH Corporation, and others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for:
- CMO executives who must have a deep understanding of the Surgical Sutures marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives who must understand crucial components of the supply base to make decisions about supplier selection and management.
- Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on the Surgical Sutures market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Surgical Sutures market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Surgical Sutures market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific Surgical Sutures market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Ethicon Inc
Covidien Holding Inc
B. Braun Melsungen AG
Peters Surgical
Gunze Ltd
Centenial Surgical Suture Ltd
Assut Medical Sarl
Healthium MedTech Ltd
Smith & Nephew Plc
DemeTECH Corporation
Others
Frequently asked questions
-
What is the surgical sutures market size in 2023?
The surgical sutures market size is $2.26 billion in 2023.
-
What is the growth rate of the surgical sutures market?
The surgical sutures market is expected to grow at a CAGR of more than 3% during 2023-2033.
-
Which is the leading segment of the surgical sutures market in 2023?
Absorbable sutures lead the surgical sutures market in 2023.
-
Which region holds the largest share of the surgical sutures market?
North America holds the largest surgical sutures market share in 2023.
-
Who are the major players operating in the surgical sutures market?
Some of the leading companies in the surgical sutures market are Arthrex Inc, Ethicon Inc., Covidien Holding Inc., B. Braun Melsungen AG, and Peters Surgical.
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