A suture is a thread used to close incisions and wounds on the skin or other tissues after a surgical procedure. The length of a suture is attached to a needle or anchor to stitch or close a wound. Various sutures materials are available and can be used depending on the wound type. The growth of the hospital suture market is defined by a few key driving factors, such as advancements in sutures and increasing cases of chronic wounds and surgeries.
Braun Melsungen AG and Smith & Nephew – Notable Market Players in Hospital Suture Market
Leading companies operating in the hospital suture market have undertaken various organic growth strategies in the market. The hospital suture market is majorly comminated by Assut Medical Sarl; Péters Surgical; SERAG-WIESSNER GmbH & Co. KG Zum Kugelfang; DemeTECH Corporation; Teleflex Incorporated; Smith & Nephew; B. Braun Melsungen AG; Johnson and Johnson Services, Inc.; Medtronic, and W. L. Gore and Associates, Inc. The companies have been implementing various strategies that have helped their growth and led to several breakthroughs and transitions in the healthcare industry. The companies have utilized organic strategies, such as product launches, expansion, and product approvals. Further, the market players have also deployed several utilized inorganic strategies, including mergers & acquisitions, partnerships, and collaborations.
The major growth strategies undertaken by the players operating in the global hospital suture market are mentioned below:
| Year | News |
| August -2021 | Peter Surgical acquired Catgut GmbH, a Germany-based company, which helps in the expansion of Peter Surgical company; this also helps it become independent of its Asian suppliers. |
| June-2021 | Ethicon, a subsidiary of Johnson & Johnson medical devices company, announced that the National Institute for Health and Care Excellence (NICE) had issued new medical technologies guidance (MTG) recommending the use of Plus Sutures in surgeries within the National Health Service. The use of plus sutures reduces the risk of surgical site infection and the cost effect for the healthcare system; it also has potential environmental benefits. |
| October-2020 | Teleflex Medical OEM announced the expansion to its Trenton, Georgia facility. The project adds 16,000 sq. ft to the facility, which will house a renovated wire development area; an expanded state-of-the-art film-cast tubing center; and support functions. Increased domestic and international demand for Teleflex Medical OEM’s innovative medical products led to the need for high capacity. |
| April-2021 | Dolphin Sutures had announced the expansion of its dental product portfolio for the first time in India to launch non-absorbable Polytetrafluoroethylene sutures. The new TEFLENE product line includes dense PTFE (Polytetrafluoroethylene). |
| November-2020 | Healthium Medtech announced the launch of its latest innovation Trubarb — a knotless tissue closure device designed to redefine the suturing experience for surgeons. |
