Hospital Suture Market is expected to reach US$ 5,495.74 Million by 2028

Suture Segment to Lead Hospital Suture Market During 2021–2028

According to our latest study, "Hospital Suture Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Nature, Type, and Application," the market is expected to grow from US$ 3,649.02 million in 2021 to US$ US$ 5,495.74 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028. The report highlights the key factors driving the market and prominent players with their developments. The growth of the market is primarily due to the advancements in suture and increasing cases of chronic wounds and surgeries. However, the noninvasive alternatives to stiches can hamper the market's growth.

The COVID 19 pandemic has forced the postponement of elective surgeries to limit the spread of disease while preserving hospital capacity and resources. Moreover, reduced general surgical procedures impact the  hospital suture market in a harmful manner. Furthermore, the closure of many departments of various hospitals globally due to the shortage of staff required has also impacted the number of surgeries, which are suggested to non-COVID-19 patients.  

Based on product, the hospital suture market is segmented into suture, automated suturing devices, and others. In 2021, suture segment held largest market share and is estimated to grow at the fastest CAGR of 6.4% during the forecast period. Moreover, the suture segment is bifurcated into disposable and reusable. In 2021, the disposable segment held the largest market share of the hospital suture by suture; it is estimated to register the highest CAGR of 6.5% during the forecast period. The largest share of this segment is mainly because of the higher preference for suture threads for wound closure and lower cost in contrast to automated suturing devices. Hospital sutures are sterile surgical threads used during the surgery to hold the tissues together until enough wound healing occurs to cope with stress without mechanical support.

Assut Medical SARL, Boston Scientific, W.L Gore and Associates, Medtronic, Johnson and Johnson Medical N.V., B. Braun Melsungen AG, Smith and Nephew, Serag-Wiessner GMBH and Co. KG, Teleflex Medical OEM, and Demtech Corporation are a few leading companies operating in the hospital suture market.

Hospital Suture Market, by Geography, 2021 (%)

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Hospital Sutures Market Size, Share Report 2021, 2028

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Global Hospital Sutures Market Size, Share, and COVID-19 Impact Analysis – by Product (Suture, Automated Suturing Devices, and Others), Nature (Absorbable and Non-Absorbable Sutures), Type (Monofilament and Braided), Application (General Surgery, Orthopedic Surgery, Cardiovascular Surgery, and Others), and Regional Forecast (2021-2028)

The report segments the hospital suture market as follows:

Based on product, the hospital suture market is segmented into sutures, automated suturing devices, and others. Based on nature, the market is bifurcated into absorbable sutures and non-absorbable sutures. Based on type, the market is bifurcated into monofilament and braided. Based on application, the market is segmented into general surgery, orthopedic surgery, cardiovascular surgery, and others. By geography, the hospital suture market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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