Global Surgical Suture Market is anticipated to grow at a CAGR of 4.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Surgical Sutures is also known as “Surgical Stitches” and they have needle with the attached length of thread. Surgical sutures imply medical devices that is used to hold body tissue collected close a wound.
The factors that propel the growth of the Surgical Suture Market include improved occurrences of numerous chronic diseases and technical developments in surgical suture products. On the other hand, there are factors that may hamper the growth of the market including absence of appropriate disinfection system in healthcare establishments and unfavorable taxation rules.
The market may be explored by product type, application, end user, and geography. The market may be explored by product type as absorbable sutures and non-absorbable sutures. Absorbable Sutures may further include Synthetic Sutures, and Natural Sutures and Non-absorbable Sutures may further include Polypropylene Sutures, Nylon Sutures, and Stainless-Steel Sutures. The “Absorbable Sutures” segment led the Surgical Suture Market in 2017 and is anticipated to maintain its dominance by 2023 owing to due to its biodegradable properties.
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The key applications that could be explored in the Surgical Suture Market include Ophthalmic surgeries, Orthopedic surgeries, Cardiovascular surgeries, Gynecological surgeries, General surgeries, and Others. The “General Surgeries” segment led the Surgical Suture Market in 2017 and is anticipated to maintain its dominance by 2023 owing to rising number of patients with cardiac disease.
The market could be explored based on end users as Ambulatory Surgery Centers, Specialty Clinics, and Hospitals. The “Hospitals” segment led the Surgical Suture Market in 2017 and is anticipated to maintain its dominance by 2023 owing to growing aged populace, increasing occurrence of several diseases, and the increased number of reimbursed inpatient procedures.
Asia-Pacific accounted for the major share of the Surgical Suture Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include massive increase in the prevalence of lifestyle diseases, and low cost of treatment, and the increasing occurrence of medical situations associated to esophagus, stomach, small bowel, pancreas, gallbladder, bile ducts, liver, colon, and the thyroid gland are anticipated to propel the Asia Pacific market for surgical sutures.
Some of the key players that fuel the growth of the Surgical Suture Market comprise Integra Life Sciences Corp., Teleflex Inc., B. Braun Melsungen AG, Medtronic Plc, Acelity L.P. Inc., Johnson & Johnson, Smith & Nephew Plc, Zimmer Biomet Holdings Inc., ConMed Corp., and Boston Scientific Corp. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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