The Global Surgical Sutures Market is expected to rise at a CAGR of 6.0% between 2017 and 2025 owing to increasing number of surgical procedures. The above information was shared by Fortune Business Insights in a report, titled “Merkel Cell Carcinoma Therapeutics Market Size, Share and Global Trend By Therapy (Chemotherapy, Immunotherapy, Combination Therapy, Others) and Geography Forecast till 2026.”
Different types of surgical sutures are used depending on the location of lesions, skin thickness and others. Surgical suture material is of utmost importance for repairing quick tissues. These materials are either absorbable or non-absorbable which help in the quick healing of damaged tissues.
Presence of Key Players Contributes to the Growth of the Market in North America
Some of the key surgical sutures manufacturers in the U.S. have introduced multifilament and braided surgical sutures. The strategic presence of these companies is expected to create attractive growth opportunities for the market in North America. In 2017, the market was leading in north America and was worth US$ 1,489.6 Mn. The increasing prevalence of cardiovascular diseases in this region, especially in Canada and the U.S. leads to rising number of surgeries. This, in turn, is expected to stoke demand for surgical sutures.
Top Key Players Covered:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the global Surgical Sutures market. Some of the companies operating the global Surgical Sutures market are;
- CP Medical
- Demetech Corporation
- Coloplast Corporation
- Molnlycke Healthcare
- BSN Medical
- Boston Scientific Corporation
- Internacional Farmacéutica
- Apollo Endosurgery, Inc.
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By Product Type
- General Surgery
By End User
- Ambulatory Surgery Centers
However, high cost associated with the devices and lack of skilled professional to operate the system are a few factors that may hamper the growth in the global Surgical Sutures market.
Absorbable Sutures Are Gaining Traction as they Reduce the Risk of Wound Infection
Among types, absorbable surgical sutures are high in demand as they get easily metabolized in the body. These type of sutures are estimated to cover the maximum share in the global market in the forecast years. Their adoption is increasing in developing as well as developed regions as they have the ability to reduce the risk of wound infection. The segment’s growth is likely to expand owing to the presence of regional manufacturers for absorbable sutures. This will further expand the surgical sutures market share in the forecast period.
Companies are Focussing Development of Smart and Advanced Surgical Sutures by 2026
Surgical suture kits are used in different applications which include gynaecology, orthopaedics, cardiology, general surgery, and ophthalmology. Among these, orthopaedics is witnessing the highest demand for surgical suture thread and other materials.
The segment is likely to lead in the forecast years owing to the rising incidence of orthopaedic injuries among different age groups. Several orthopaedic companies have developed technologically-enabled joint implants and replacements, which is driving the segment’s growth. Spurred by this segment, the surgical sutures market revenue is expected to reach new heights in the forthcoming years.
Some of the other players operating on the market are CP Medical, Coloplast Corporation, Molnlycke Healthcare, Demetech Corporation, BSN Medical, Internacional Farmacéutica, Boston Scientific Corporation, and Apollo Endosurgery, Inc.
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