Surgical Suture Market Size to Worth Around USD 6.71 Billion By 2029 Key Opportunities And Trends

December 07 04:04 2022
Surgical Suture Market Size to Worth Around USD 6.71 Billion By 2029 Key Opportunities And Trends
Surgical Suture Market
Surgical Suture Market was valued at US$ 4.18 Bn. in 2021 and the total Surgical Suture revenue is expected to grow at 6.1% from 2022 to 2029, reaching nearly US$ 6.71 Bn.

Pune, 6th, December 2022: Global Surgical Suture market was valued at USD 4.18 Bn in 2021 by the supply side, and the gap in demand and supply is analyzed by the recent market intelligence study published by Maximize Market research on Surgical Suture Market.

Surgical Suture Market Scope 

The Surgical Suture market is classified into Type, Filament, Application, End-User, and Region. The growth of distinct segments helps report users in gaining information on the numerous growth factors expected to be prevalent across the market and develop different strategies to help identify core application areas and the gap in the target market. The research provides an in-depth study of the market and includes useful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimations based on a suitable set of assumptions and methodologies.

The market size was estimated using a bottom-up approach. Secondary research is used to identify key players in the Surgical Suture market, and primary and secondary research is used to determine their market revenues. Primary research included interviews with leaders and industry experts such as competent front-line staff, entrepreneurs, and marketing professionals, while secondary research included a review of annual and financial reports from leading manufacturers. Medtronic, Johnson & Johnson, and Advanced Medical Solutions Group are among the major significant players in the global Surgical Suture market. They are constantly planning mergers and acquisitions, strategic alliances, joint ventures, and partnerships to increase their market share.

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Global Surgical Suture Market Overview

Surgical sutures are a form of surgical equipment used to seal open wounds and ligate blood vessels during or after surgical operations such as orthopedic surgery. These are mostly used for wound closure in all types of major operations such as cesarean section, joint replacement, cardiovascular treatments, and many more, as well as smaller surgeries such as dental restorations, cataract surgery, and others.

Global Surgical Suture Market Dynamics

Some of the most significant technical advances in the worldwide surgical suture market have occurred in the last few years. Such industrial activity has resulted in increasing product adoption and demand for surgical sutures. As compared to other wound closure devices on the market, the usage of surgical sutures has increased dramatically. Some of the technical breakthroughs incorporated in these sutures include the use of various synthetic materials with remarkable tissue-retaining capabilities and almost little risk of infection or scar formation. The rising prevalence of chronic diseases, particularly among the aged, would significantly increase the number of surgical treatment operations performed, boosting demand for and use of surgical sutures.

The availability of alternative wound healing solutions, such as surgical staplers is restraining the growth of this market. Despite technological advancements in these devices, a few limitations restrict their use in surgical operations. Some constraints, such as cross-hatched marks, surgical site infection, and the exorbitant expense of antibacterial equipment are prohibiting surgeons from using sutures.

Global Surgical Suture Market Regional Insights

North America held the greatest share of the surgical suture market in 2020 owing to a declining lifestyle and improved healthcare facilities. Furthermore, the existence of a well-developed healthcare infrastructure and the increasing use of modern technologies are expected to support market growth in North America in the coming years. 

Global Surgical Suture Market Segmentation

By Type: 

  • Absorbable
  • Non-absorbable

By  Filament: 

  • Monofilament
  • Multifilament

By  End User : 

  • Hospitals
  • Ambulatory Surgical Centers (ASCs)
  • Clinics & Physician Offices

By  Application: 

  • Cardiovascular Surgery
  • General Surgery
  • Gynecological Surgery
  • Orthopedic Surgery
  • Ophthalmic Surgery
  • Cosmetic & Plastic Surgery
  • Other

Global Surgical Suture Market Key Competitors: 

  • Medtronic
  • Johnson & Johnson
  • Advanced Medical Solutions Group
  • Internacional Farmacéutica
  • B. Braun Melsungen
  • Smith & Nephew
  • Boston Scientific Corporation
  • Peters Surgical
  • DemeTECH Corporation
  • Surgical Specialties Corporation
  • Dolphin Sutures
  • Derma Sciences
  • Stryker Corporation
  • Healthium MedTech
  • CONMED Corporation
  • Sutcon Sutures
  • Zimmer Biomet
  • GPC Medical
  • Sutumed
  • CPT Sutures
  • Lotus Surgicals
  • Vital Sutures
  • Unilene
  • Mellon Medical
  • Riverpoint Medical

Key questions answered in the Global Surgical Suture Market are: 

  • What is Global Surgical Suture? 
  • What is the growth rate of the Global Surgical Suture Market over the forecast period? 
  • What is the nature of competition in the Global Surgical Suture industry in developed economies and developing economies? 
  • Who are the key players in the Global Surgical Suture Market?
  • Who are the market leaders in Global Surgical Sutures in Europe?
  • Who are the market leaders in Global Surgical Suture in USA and Canada?
  • Who are the market leaders in Global Surgical Sutures in India, China, Japan, and South Korea?
  • What are the factors affecting growth in the Global Surgical Suture Market? 
  • Who held the largest market share in the Global Surgical Suture Market? 
  • What are the factors for the growth of the Asia-Pacific region in the Global Surgical Suture Market? 

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Key Offerings:

  • Market Share, market size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Type, Filament, Application, End-User, and Region.
  • Competitive Landscape – Top Key players and Other Prominent Vendors

Maximize Market Research is leading research firm, has also published the following reports:

Electrosurgical Analyzer Market – Electrosurgical Analyzer Market was valued at US$ 2.3 Bn. in 2021. The Global Electrosurgical Analyzer Market size is estimated to grow at a CAGR of 4 % over the forecast period. The rise in the use of these electrosurgical analyzers for testing low-level bipolar and high-level monomer electrosurgical units’ outputs anticipates surging in the Electrosurgical Analyzer Market.

Surgical Clips Market– Surgical Clips Market was valued at US$ 465.62 Mn in 2021 and is expected to reach 2957.98 Mn by 2029. The provision of the ambulatory surgery center is projected to boost growth in the global surgical clip market.

Surgical Dressing Market– Surgical Dressing Market was valued at US$ 4.15 Bn in 2021. The surgical Dressing Market size is expected to grow at a CAGR of 7.12 % through the forecast period. The considerable rise in chronic illnesses across the world is likely to drive significant growth for the surgical dressing market.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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