Surgical Suture Market by Product (Absorbable Suture and Non Absorbable Suture), by Type (Monovalent and Multivalent), by Application (Cardiovascular Surgeries, Gynecological Surgeries, Orthopedic Surgeries, Neurological Surgeries, General Surgeries), by End User (Hospitals, Ambulatory Surgical Centers (ASC), and Clinics & Physician Office) - Global Analysis & Forecast 2019-2030

Report ID : 65  |  Published Date : Apr 2019  |  Pages : 150  |  Region : Global  |  Report Code : MD-37





Surgical Suture Market Overview and Introduction

Surgical suture is a medical device used to hold body tissues together after an injury or surgery. There are a wide range of materials available for suturing. Surgeon or doctor chooses a material that’s appropriate for the wound or procedure. The ideal suture should allow the healing tissue to recover appropriately, to keep the wound closed together once they are removed or absorbed.

The global surgical suture market is driven by increasing number of surgical procedures, growing geriatric population, and favorable reimbursement scenarios. In U.S., surgeons perform approximately 64 million surgical procedures, ranging from tooth extraction to open heart surgery every year. Along with it, population growth, aging baby boomers, change in lifestyle, rising incidences of road mishaps, plastic and cosmetic surgeries, increasing prevalence of musculoskeletal disorders and introduction of technologically advanced products are likely to increase the number of surgeries.

Furthermore, the pace of population ageing is significantly increasing worldwide. The global population aged 65 and over is growing faster compared to all other age groups. As most of the cardiac cases are diagnosed in patients aged 60 and above which needs to be treated with surgery, it is impacting the market positively. According to statistics, in 2014, the number of cardiovascular surgeries in North America was 377,763 which will increase up to 461,046 by 2021.

Moreover, other factors such as favorable government regulations and promising reimbursement scenarios for a number of surgical procedures are likely to drive this market in the near future. For instance, the reimbursement coverage offered by Medicare is expected to cover more than 21 million people with high-quality customer experience impacting the market in a positive way.

Surgical Suture Market by Product

On the basis of product, the surgical suture market is segmented into absorbable and non-absorbable sutures, of which, both are further segmented into natural and synthetic sutures. Absorbable suture segment is estimated to account for the largest share in the global surgical suture market throughout the forecast period. The large market share can be attributed to its characteristics of absorption, flexibility to use, and painless post-operative property for patient undergoing surgery. Absorbable synthetics suture is further segmented into Polyglactin 910 (Vicryl), Polyglycolic Acid sutures, Poliglecaprone 25 sutures, Polydioxanone sutures, and other synthetic sutures. Among the natural and synthetic absorbable sutures, synthetic sutures hold the largest market share, depending upon the wide range of availability and variety of absorbable synthetic sutures. Non absorbable synthetic sutures are further segmented into nylon, prolene, stainless steel and other non-absorbable synthetic sutures. In terms of market share, synthetic non absorbable sutures hold the largest share, owing to the properties such as flexibility, knot security, knot strength and minimal memory.

Surgical Suture Market by Type

On the basis of type, the market is segmented into monovalent and multivalent surgical sutures. Multivalent segment is expected to dominate the market during the forecast period. The growth of the segment can be attributed to the advantages of multivalent sutures such as greater tensile strength, and better flexibility compared to monovalent.

Surgical Suture Market by Application

On the basis of application, the market is segmented into cardiovascular surgeries, gynecological surgeries, orthopedic surgeries, neurological surgeries, general surgeries, and others. Cardiovascular surgeries segment is expected to dominate the market during the forecast period. The growth of the segment can be attributed to the increasing cardiovascular surgeries due to smoking, obesity, hypertension, diabetes among other.

Surgical Suture Market  by End User

Based on end user, the market is segmented into hospitals, ambulatory surgical centers (ASC), and clinics and physician offices. Hospitals end user segment is expected to dominate the market in 2019. The growth of this segment is attributed to the increasing number of hospitals carrying out surgeries.

Surgical Suture Market by Region

By geography, the global surgical suture market is segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of surgical suture, followed by Europe and Asia Pacific. North America will continue to dominate the global surgical suture market in the near future owing to factors such as well-developed healthcare facilities that include well enabled hospitals, along with the increase in incidence of cardiovascular diseases, diabetes and increasing number of injuries that requires surgical intervention. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, Korea, Japan and India. Factors such as increasing prevalence of diabetes, cardiovascular diseases, coronary thrombosis and cancer are likely to fuel the growth of this market. Also, Asia-Pacific regions offer major growth prospects for key players owing to factors such as access to better healthcare infrastructure; growing consumer disposable income, upsurge in demand for improved healthcare, and rising medical tourism industry.

Surgical Suture Market Prominent Players

The prominent players  present in the global bicycle locks market are B. Braun Melsungen AG, Medtronic ,Ethicon LLC, Zimmer Biomet, Teleflex Incorporated, Conmed Corporation, Peters Surgical, Internacional Farmacéutica S.A. de C.V. (Atramat), EndoEvolution, LLC, DemeTECH Corporation.

Table of Contents

  1.   INTRODUCTION
    1. Market Definition
    2. Market Ecosystem
      1.  Market Classification
      2.  Geographic Scope
      3.  Years Considered for the Study: Historical Years – 2016 & 2017; Base Year 2018; Forecasted Years – 2019 to 2030
    3. Currency Used
  2.    RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
      1.  Secondary Sources
      2. Primary Sources
    4. Market Estimation Methodology
      1.  Bottoms Up Approach
      2.  Top Down Approach
    5. Data Validation and Triangulation
      1.  Market Forecasting Model
      2.  Limitations/Assumptions of the Study
  3.    ABSTRACT OF THE STUDY
  4.    MARKET DYNAMICS ASSESSMENT
    1.  Surgical Suture Market
      1. Drivers
      2. Barriers/Challenges
      3. Opportunities
  5. UNIQUE SELLING PROPOSITIONS (USPs)
    1. Technological Advancements
    2. Key Products Assessment
  6. GLOBAL SURGICAL SUTURE MARKET - ANALYSIS & FORECAST, BY PRODUCT
    1. Absorbable Sutures
      1. Natural Sutures
      2. Synthetic Sutures
        1. Polyglactin 910 (Vicryl)
        2. Polyglycolic Acid Sutures
        3. Poliglecaprone 25 sutures
        4. Polydioxanone Sutures
        5. Other Absorbable Synthetic Sutures
    2.  Non-Absorbable Sutures
      1. Natural Sutures
      2. Synthetic Sutures
        1. Nylon Sutures
        2. Prolene Sutures
        3. Stainless Steel Sutures
        4. Other Non-Absorbable Synthetic Sutures
  7. GLOBAL SURGICAL SUTURE MARKET - ANALYSIS & FORECAST, BY TYPE
    1. Multivalent
    2. Monovalent
  8. GLOBAL SURGICAL SUTURE MARKET - ANALYSIS & FORECAST, BY APPLICATION
    1. Cardiovascular Surgeries
    2. Gynecological Surgeries
    3. Orthopedic Surgeries
    4. Neurological Surgeries
    5. General Surgeries
    6. Others
  9. GLOBAL SURGICAL SUTURE MARKET - ANALYSIS & FORECAST, BY END USER
    1. Hospitals
    2. Ambulatory Surgical Centers(ASC)
    3. Clinics and Physician Offices
  10. GLOBAL SURGICAL SUTURE MARKET - ANALYSIS & FORECAST, BY REGION
    1. North America Surgical Suture Market
      1. North America Surgical Suture Market, By Country
        1.  US
        2.  Canada
      2. North America Surgical Suture Market Analysis & Forecast, By Product
      3. North America Surgical Suture Market Analysis & Forecast, By Type
      4. North America Surgical Suture Market Analysis & Forecast, By Application
      5. North America Surgical Suture Market Analysis & Forecast, By End User
    2. Europe Surgical Suture Market
      1. Europe Surgical Suture Market, By Country/Region
        1. Germany
        2. U.K.
        3. France
        4. Rest of Europe (ROE)
      2. Europe Surgical Suture Market Analysis & Forecast, By Product
      3. Europe Surgical Suture Market Analysis & Forecast, By Type
      4. Europe Surgical Suture Market Analysis & Forecast, By Application
      5. Europe Surgical Suture Market Analysis & Forecast, By End User
    3. Asia Pacific Surgical Suture Market
      1. Asia Pacific Surgical Suture Market, By Country/Region
        1. China
        2. Japan
        3. India
        4. Rest of Asia Pacific (RoAPAC)
      2. Asia Pacific Surgical Suture Market Analysis & Forecast, By Product
      3. Asia Pacific Surgical Suture Market Analysis & Forecast, By Type
      4. Asia Pacific Surgical Suture Market Analysis & Forecast, By Application
      5. Asia Pacific Surgical Suture Market Analysis & Forecast, By End User
    4.  Rest of the World (ROW) Surgical Suture Market
      1. Rest of the World Surgical Suture Market, By Country/ Region
        1.  Latin America
        2.  Middle East & Africa
      2. Rest of the World Surgical Suture Market Analysis & Forecast, By Product
      3. Rest of the World Surgical Suture Market Analysis & Forecast, By Type
      4. Rest of the World Surgical Suture Market Analysis & Forecast, By Application
      5. Rest of the World Surgical Suture Market Analysis & Forecast, By End User
  11. COMPETETIVE LANDSCAPE
    1. Key Players & Their Competitive Positioning (2018)
    2. Key Strategies Assessment
      1. New Product Launches
      2. Merger & Acquisitions
      3. Expansions
      4. Agreements, Collaborations, & Partnerships
      5. Other Strategies
  12. COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
    1. B. Braun Melsungen AG
    2. Medtronic
    3. Ethicon LLC
    4. Zimmer Biomet
    5. Teleflex Incorporated
    6. Conmed Corporation
    7. Peters Surgical
    8. Internacional Farmacéutica S.A. de C.V. (Atramat)
    9. EndoEvolution, LLC
    10. DemeTECH Corporation*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain