Surgical Sutures Market Size, Trends, Share, Growth, and Opportunity Forecast, 2023 - 2030 Global Industry Analysis By Product (Surgical Sutures, and Mechanical Sutures), By Suture Material (Absorbable Sutures, and Non-Absorbable Sutures), By Filament (Monofilament/Barb Sutures, and Multifilament/Braided Sutures), By Raw Material (Polyglactin (PGLA), Polyglycolic Acid (PGA), Polydioxanone (PDO), Nylon, Silk and Others), By Coating (Coated Sutures, Non-Coated Sutures), and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

The Global Surgical Sutures Market was valued at USD 3,969.3 Million in 2022 and is anticipated to reach a value of USD 5,953.2 Million by 2030 expanding at a CAGR of 5.3% between 2023 and 2030.

Surgical sutures help the body's natural healing process by holding tissues together after any type of damage or surgery. These sutures are frequently used on the skin, internal organs, tissues, and blood vessels. The absorbable suture used in surgery is either absorbed by the body or degraded by it after a set period of time. Organic substances such as catgut are combined with artificial substances such as caprolactone, polyglycolic acid, polydioxanone, polyglactin, and polyglyconate to create this specific type of suture. Knotted and knotless absorbable sutures are the two varieties of absorbable sutures. Non-absorbable sutures consist of a material that is resistant to biological processes in the body; therefore, they have to be taken out after a certain period of time. Materials such as polyester sutures, nylon, silk, and polypropylene are used to make them. Non-absorbable sutures generally fall into two categories: knotted and knotless. The industry that encompasses the globally distributed manufacture, shipment, and application of surgical sutures is known as the global surgical suture market.  The global rise in the frequency of surgical operations due to an aging population, increased rates of chronic illnesses, and improvements in medical technology is driving this industry. The market is characterized by fierce rivalry among key competitors, including pharmaceutical and medical device companies, and offers a broad range of suture types, including absorbable and non-absorbable sutures.

Surgical Sutures Market Major Driving Forces

Rising Lifestyle Diseases: One of the main factors driving market expansion is the rise in lifestyle diseases brought on by people adopting sedentary lifestyles more often. Globally, the prevalence of lifestyle diseases such as cancer, mental illness, ischemic heart disease, cerebrovascular disease, and orthopedic problems is continuously increasing. The market for surgical sutures is being driven by the ongoing increase in the incidence of lifestyle illnesses and the rising need for more surgical operations.

Technological Advancements: Important players' technical advancements facilitate the start of more accurate operations, increasing surgical success rates. Additionally, this is fueling the expansion of the surgical suture market.

Aging Population: One major factor in the market expansion is the aging population worldwide, as many health problems requiring surgical procedures affect the elderly. Surgical sutures are in greater demand as people age since they are more inclined to have chronic illnesses and ailments that require surgery.

Growing Number of Surgical operations: It is projected that the number of surgical operations conducted will rise as healthcare becomes more affordable and accessible globally. Due to rising rates of chronic illnesses and a rise in surgical procedures, the market for surgical sutures is predicted to expand.

Surgical Sutures Market Key Opportunities

Market in Developing Nations: The market for surgical sutures has been stimulated by the population's increasing need for modern healthcare services in these countries. The people's quick adoption of new equipment and technology has propelled the market to unprecedented heights. The utilization of sophisticated technology by the healthcare system to suture wounds has drawn interest from potential customers, contributing to a significant increase in market income over time.

Minimally Invasive Cosmetic Surgery Trend: As income levels grow and individuals become more conscious about their physical looks, a trend toward less invasive cosmetic plastic surgery is predicted to emerge, driving up market share. This will present advantageous growth prospects for the surgical sutures industry.

Government-Provided Advanced Healthcare Facilities: The governments of various nations have actively participated to improve the services offered to its inhabitants. The government offers facilities that include the use of top-notch surgical supplies and equipment to promote quick wound healing. Better reimbursement options are offered to customers by health insurance companies in an effort to promote the usage of cutting-edge suturing products.

Surgical sutures market Key Trends

·         Increasing preference for minimally invasive procedures

·         Adoption of antimicrobial and antibacterial surgical sutures treatments to enhance hygiene and cleanliness

·         Increasing focus on personalized medicine is leading to a trend of customized suture solutions tailored to specific patient needs and surgical requirements.

·         Rising demand for biodegradable sutures as sustainability becomes a key consideration in healthcare

·         The development of cost-effective surgical suture solutions without compromising on quality and performance.

·         Improving healthcare infrastructure is contributing to increased demand for surgical sutures.

Region-wise Market Insights

North America accounted for the largest market share at 40.2% in 2022 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 6.3% between 2023 and 2030.

In the worldwide surgical sutures market, which is expected to reach a total value of USD 1,595.7 million by the end of 2022, North America has the greatest market share (40.2%). The prevalence of chronic illnesses, the growing need for minimally invasive operations, and the region's well-established healthcare infrastructure are all factors contributing to its supremacy. With a projected CAGR of 6.3% from 2022 to 2030, the surgical sutures market is anticipated to develop at the quickest pace in the Asia Pacific region, which currently has the second-largest market share of 23.7%. The increased prevalence of chronic illnesses, the expanding healthcare infrastructure in nations such as China and India, and the growing demand for surgical treatments are all responsible for this development. With a market share of 22.3%, surgical sutures are the third most popular product in Europe. The region's rise is ascribed to several factors, including a high incidence of chronic illnesses, a growing elderly population, and an established healthcare system.

Segment-wise Market Analysis

·         On the basis of End-User, the segment of hospitals has shown the fastest growth resulting from the huge number of patients that present themselves to a hospital in the event of an accident or a major pathological disorder. Surgical procedures are usually carried out in a hospital set-up where the presence of other multiple facilities helps the entire process to be carried out smoothly.

·         Based on Application: Due to the enormous number of surgical cases performed worldwide, cardiovascular operations now hold the greatest market share in terms of applicability. The number of persons with cardiovascular problems has surged in tandem with the sharp rise in workplace stress and obesity rates. The current lifestyle behaviors that individuals adopt have significantly impeded heart health. People use advanced surgical suturing methods in an effort to speed up the healing process of their wounds. In order to expedite the healing process after eye procedures, sophisticated suturing materials are employed. Different types of suturing materials are also used in gynecological and orthopedic surgical procedures.

Market Competition Landscape

There is fierce rivalry among several manufacturers in the worldwide surgical sutures industry. Important surgical sutures market participants use tactics to obtain a competitive advantage. In order to adapt to changing customer tastes, these methods include product innovation, design distinction, and the use of eco-friendly and sustainable materials. Established companies rely on their quality and dependability reputation to hold onto market share, while more recent competitors concentrate on disruptive technologies and USPs. Companies are always battling it out in the market through partnerships, mergers, and acquisitions to expand their product lines and market share. Local manufacturers also add to the rivalry by providing affordable options and meeting particular regional needs in different places. A few examples of the variables that impact the competitive environment are product quality, cost, legal compliance, and flexibility in responding to changing healthcare trends. Prominent players in the market include:

·         Ethicon (Johnson & Johnson)

·         Medtronic plc

·         B. Braun Melsungen AG

·         Smith & Nephew plc

·         3M Company

·         Boston Scientific Corporation

·         Covidien (a Medtronic company)

·         Internacional Farmacéutica S.A. de C.V. (INFASA)

·         Lotus Surgicals Pvt. Ltd.

·         Apollo Endosurgery, Inc.

·         Smiths Medical (A Part of Smiths Group plc)

·         Teleflex Incorporated

·         AD Surgical

·         DemeTech Corporation

·         Dolphin Sutures