Surgical Sutures Market Overview and Forecast by 2031
The surgical sutures market size is projected to reach US$ 6.28 billion by 2031 from US$ 4.04 billion in 2023. The market is expected to register a CAGR of 5.7% during 2023–2031. Growing technological advancements and product innovations in surgical sutures are likely to remain key trends in the market.
Surgical Sutures Market Analysis
The rise in cardiovascular surgeries, gynecological surgeries, general surgeries, and orthopedic surgeries across the globe are driving the surgical sutures market growth. Furthermore, the rising support from the government in providing proper healthcare facilities and growing domestic medical tourism in developing nations leads to a rise in the number of surgeries, which in turn boosts the market growth. However, the development of alternative products for surgical sutures that are non-invasive can restrain the market growth.
Surgical Sutures Market Overview
Sutures are essential for wound closure and healing. A shift in suture development, like using barbed or knotless sutures to increase suitability, is expected to drive market growth. The market is driven by increasing population aging, persistent diseases, increasing healthcare expenditures, increasing healthcare responsiveness, and the promotion of various government reimbursement policies. On the other hand, increased competition among key players and strict regulations on suture materials may hamper market growth.
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Surgical Sutures Market: Strategic Insights
Market Size Value in US$ 3,274.8 Million in 2019 Market Size Value by US$ 4,503.3 Million by 2025 Growth rate CAGR of 5.4% from 2020 to 2025 Forecast Period 2020-2025 Base Year 2019
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Surgical Sutures Market: Strategic Insights
| Market Size Value in | US$ 3,274.8 Million in 2019 |
| Market Size Value by | US$ 4,503.3 Million by 2025 |
| Growth rate | CAGR of 5.4% from 2020 to 2025 |
| Forecast Period | 2020-2025 |
| Base Year | 2019 |
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Surgical Sutures Market Drivers and Opportunities
Rise in the Number of Aesthetic Surgeries to Favor Market
The aesthetic surgery industry has grown and evolved in many parts of the world to meet the increasing demands of cultural trends. Nearly 13 million people worldwide have undergone surgical plastic surgery, according to a new report from the International Society of Aesthetic Plastic Surgery (ISAPS) titled “Global Survey on Aesthetic/Cosmetic Procedures.” According to the Aesthetic Surgery Society, surgical procedures in the United States alone increased by 54% in 2021. Over the last four years, there has been a 33% increase in cosmetic surgery, with surgical procedures increasing by 18.5%. Furthermore, the South and Central American countries are well-known destinations for medical tourism owing to the low cost of surgeries and medical facilities in comparison to other North American country such as the US. Considering the above-mentioned factors owing to the increasing number of aesthetic surgeries the demand for surgical sutures will rise which is likely to propel market growth.
Increasing Technological Developments in the Surgical Sutures
Surgical sutures are essential in wound care. Recent advances in sutures have expanded their applicability and effectiveness. The major advances in sutures are due to the development of materials based on their properties and capabilities for improving tissue convergence and wound closure. The biomedical application of sutures has been expanded due to advanced designs and materials. Emerging advances and trends in suture technology hold tremendous potential for clinical/surgical applications, including specialty procedures and wound care. The development of smart shape memory polymer (SMP) sutures can replace traditional sutures with self-tightening wound closures, reducing complexity for surgeons, especially in keyhole surgeries. Electronic sutures can monitor, detect, and activate typical biological responses in the body that would be efficient in improving the monitoring of local tissue health. Therefore, the technological development in the surgical sutures is expected to provide opportunities for the market in future.
Surgical Sutures Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Surgical Sutures market analysis are product and application.
- Based on product, the surgical sutures market is bifurcated into absorbable sutures and non-absorbable sutures. The absorbable sutures segment held the larger market share in 2023 and is expected to register the highest CAGR during the forecast period. The absorbable sutures segment is further divided into synthetic and natural. The synthetic sub-segment is further classified into polyglactin, poliglecaprone, polydioxanone, polyglycolic, and others. The non-absorbable sutures are categorized into steel, nylon, prolene, and others.
- By application, the market is segmented into cardiovascular surgery, gynecological surgery, ophthalmic surgery, orthopedic surgery, general surgery, and others. The cardiovascular surgery segment held the largest share of the market in 2023. However, the general surgery segment is anticipated to register highest CAGR during 2021–2031.
Surgical Sutures Market Share Analysis by Geography
The geographic scope of the Surgical Sutures market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the surgical sutures market. The surgical sutures market growth in North America is because of the growing number of market players that are focused on manufacturing surgical sutures due to the rising number of surgeries. The US held the largest market share in North America region. Cardiovascular disease (CVD) and stroke produce immense health burdens in the US leading to performing surgeries. The proliferating cases of the osteoarthritis and obesity in the US results in orthopedic surgeries. According to the American Joint Replacement Registry (AJRR) it is estimated that ~3.48 Mn people would be requiring knee replacement by 2030. Therefore, the rise in the number of surgeries for cardiovascular, orthopaedics, and cosmetics leads to the need for surgical sutures, thus, driving the market growth.
Surgical Sutures Market Report Scope
Surgical Sutures Market News and Recent Developments
The Surgical Sutures market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Surgical Sutures market are listed below:
- KKR, a leading global investment firm, announced the signing of definitive agreements under which funds managed by KKR acquired Healthium MedTech Ltd. (“Healthium”), a leading Indian medical devices company, from an affiliate of Funds advised by Apax Partners LLP (“Apax”), a leading global private equity advisory firm. (Apax Partners, News, May 2024)
- Healthium Medtech announced the launch of TRUMASTM, a range of sutures to address the challenges associated with suturing during minimal access surgeries. TRUMASTM represents an innovative line of sutures intricately crafted to tackle the intricacies of suturing in minimal access surgeries. TRUMASTM propels patient care to unprecedented levels. By seamlessly integrating precision and innovation, it empowers surgeons to elevate their outcomes and define the future of surgical excellence. (EH News Bureau, News Magazine, August 2023)
- Origami Surgical announced the FDA clearance for four new suture materials to their StitchKit technology platform. These new materials give the surgeon additional flexibility when selecting their suture preference when utilizing StitchKit. (Source: ORIGAMI SURGICAL LLC, News, August 2021)
Surgical Sutures Market Report Coverage and Deliverables
The “Surgical Sutures Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Surgical Sutures market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Surgical Sutures market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Surgical Sutures market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Surgical Sutures market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The North America region dominated the surgical sutures market in 2023.
A rise in the number of governments support in healthcare industry, increasing number of general and aesthetic surgeries, and growing emphasis for medical tourism are the driving factors impacting the surgical sutures market.
Growing developments and product innovations in surgical sutures are likely to act as future trends for the surgical sutures market.
Ethicon USA, LLC and B. Braun Melsungen AG are the leading players operating in the surgical sutures market.
US$ 6.28 billion would be the estimated value of the surgical sutures market by 2031.
5.7% is the CAGR of the surgical sutures market.
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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