Surgical Sutures Market size is anticipated to surpass USD 8 Billion by the end of 2033, growing at a CAGR of 6% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of surgical sutures was over USD 5 Billion. Market growth is primarily driven by growing incidences of brain-related injury and disorders. For instance, each year, approximately 69 million people worldwide suffer traumatic brain injuries. Furthermore, growing incidences of accidents along with the increasing count of various kind of cosmetic surgeries are some more factors that are driving the growth of the market over the forecast period.
Currently, orthopedic disorders are becoming prevalent, therefore, the rising orthopedic problems among the population is expected to boost the growth of the surgical sutures market growth. There are 33 million skeletal injuries in the US each year, of which 50% are tendon and ligament injuries, according to the National Library of Medicine. Moreover, in 2019, 178 million new fractures were reported worldwide. Furthermore, the market growth is also expected by growing number of neuropathic ulcers, and diabetic ulcers which needs surgical care.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~6% |
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Base Year Market Size (2022) |
~ USD 5 Billion |
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Forecast Year Market Size (2033) |
~ USD 8 Billion |
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Regional Scope |
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Application (Cardiology, Orthopedics, General Surgery)
The surgical sutures market is segmented and analyzed for demand and supply by application into cardiology, orthopedics, general surgery, and others. The cardiology segment is expected to hold the largest market size. The segment growth is expected on the account of higher cases of cardiovascular issues in both young and old adults. Nearly 80% of persons 65 and older have at least one chronic illness, and 68 percent have two or more, according to the National Council on Aging. Moreover, every sixth adult, and one in ten have more than one chronic condition, according to the Centers for Disease Control and Prevention.
Our in-depth analysis of the global market includes the following segments:
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By Form |
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By Product Type |
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By Application |
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By End-User |
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The North America surgical sutures market is projected to hold the largest market share by the end of 2033. The market growth in the North America attributes to progressive healthcare expenditure followed by increased cases of road accidents. For instance, spending on health care in the United States increased by 9.7% in 2020 to USD 4.1 trillion, or USD 12,530 per person. The amount spent on health represented 19.7% of the country's GDP. In 2019, nearly 13 million people in the United States were involved in vehicle crashes. Moreover, proliferating technological advancements, along with the radically increasing geriatric population are some further major factors that are fueling up the growth of the market in the region over the forecast period.
Apollo Endosurgery, Inc. announces the successesful results of X-Tack Endoscopic HeliX Tacking System. The system enables to give highest quality and safest gastrointestinal surgery and it also curbs the cost associated with this.
Origami Surgical Inc. announced the Food and Drug Administration (FDA) approval for StitchKit Park Technology. It is a unique technology designed to assist and enhance robotic-assisted surgery by enabling surgeons to have a clear view of suture use and disposal needle.
Author Credits: Radhika Gupta, Shivam Bhutani
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