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Surgical Sutures Market Business Growth Statistics and Key Players Insights

Global Surgical Sutures Market size is projected to reach $5,255 million by 2022 from $3,360 million in 2015, growing at a CAGR of 6.4% during the forecast period.

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Surgical Sutures Market Business Growth Statistics and Key Players Insights

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  1. Surgical Sutures Market

  2. Absorbable sutures are used in a variety of surgical applications such as cardiovascular surgery, dental surgery, and general soft tissue repair, and are expected to drive market growth at high growth rates. Surgical Sutures Marketis projected to hit $5,255 million by 2022, rising at a CAGR of 6.4% from 2016 to 2022. The suture segment dominated the market in 2015 with a share of more than 4/5. Get Sample Report

  3. The global expansion of hospital numbers, the rapid increase in adoption of technologically advanced products, and the increased number of operations by the elderly population and patients with various chronic illnesses are key factors driving the growth of the surgical suture market. However, the adoption of alternative products such as advanced wound closure materials and the lack of appropriate sterilization processes in the medical setting are expected to hinder the market growth.

  4. The suture segment accounted for more than four-fifths share of the market in 2015 and is expected to grow at a CAGR of 6.3% and dominate the market. Absorbable sutures dissolve in the tissue after a period of time to heal the wound, while non-absorbable sutures are removed after the incision has healed. The absorbable suture segment has the largest share in 2015 and is expected to continue to dominate. By material, the multifilament segment accounted for the largest share in the suture market in 2015 and is estimated to grow at a CAGR of 6.6%. In the same year, the general surgical application segment accounted for more than one-third of the market due to increased demand for surgical sutures in various types of abdominal and other general surgical procedures.

  5. Key findings of the Surgical Sutures Market: • In the year 2015, the suture was the leading segment that accounted for 85.4% of the suture market and is projected to grow at a CAGR of 6.3% during the forecast period. • North America accounted for the share of 44.5% of the in 2015 and is projected to grow at a CAGR of 6.1%. • The prolene suture segment showed the highest growth in the non-absorbable sutures market and is projected to continue its lead. • Germany is the major shareholder in Europe, accounting for 19.7% share in 2015.

  6. Leading industry players: The key players in the surgical suture market are expanding their business operations in developing countries with new product launches. Comprehensive profiles of major market players such as Johnson & Johnson Private Limited, B. Braun Melsungen AG, Smith & Nephew, Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Boston Scientific, 3M Healthcare, Medtronic Inc., and Sutures India Pvt Ltd. are provided in this report.

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