Surgical Sutures Market Size & Share, by Form (Natural, Synthetic); Product Type (Absorbable, Non-Absorbable); Application (Cardiology, Orthopedics, General Surgery); End-user (Hospitals, Specialty Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 2199
  • Published Date: Feb 15, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

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.


Surgical Sutures Market
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Surgical Sutures Sector: Growth Drivers and Challenges

Growth Drivers

  • Higher Cases of Broken Bones and Muscle Tear - Bone and muscles injury are very common, old people, sports players and industry worker are easy target to catch it. Therefore, rise in bone, muscle and ligament ailments is to fuel the market growth. According to the Centers for Disease Control and Prevention, around 70 million US person ages 18 and older are anticipated to develop arthritis by 2040.
  • Increasing Need of Surgical Treatment - Over 2 million surgical procedures were carried out in 2018, according to the WHO. Additionally, during the next five years, it is expected the surgical burden cases to increase by 30% approximately.
  • Swelling Accidental Injury Cases across the World - The global economy loses around USD 8 trillion each year due to the nearly 3,700 fatalities and non-fatal injuries caused by automobile accidents.
  • Growth in Healthcare Expenditure - The World Bank has forecast that global healthcare spending likely to account for about 9.83% of global GDP in 2019. Additionally, in around 17 OECD nations, healthcare spending increased by 6% on average in 2021.
  • Surge in Instances of Neurological Disorder - Around 750,000 Americans is to have an initial brain tumor diagnosis in 2022. Additionally, more than 64,000 deaths in the US in 2020 were attributable to brain injuries.

Challenges

  • Rising Adoption of Minimal Invasive Surgery - Minimal invasive surgery is associated with less pain, less intrusive, quicker process and faster recovery. Therefore, higher share of global population is opting minimal intrusive surgery which is expected to impede the market growth.
  • Higher Cost of Anti-Bacterial Devices
  • Lack of Proper Reimbursement Policy in Various Nation

Surgical Sutures Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~6%

Base Year Market Size (2022)

~ USD 5 Billion

Forecast Year Market Size (2033)

~ USD 8 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Surgical Sutures Segmentation

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:

        By Form

  • Natural
  • Synthetic

       By Product Type

  • Absorbable
  • Non-Absorbable

        By Application

  • Cardiology
  • Orthopedics
  • General Surgery
  • Others

       By End-User

  • Hospitals
  • Specialty Clinics
  • Others

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Surgical Sutures Industry - Regional Synopsis

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.

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Companies Dominating the Surgical Sutures Landscape

top-features-companies
    • Johnson & Johnson Services, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • B.Braun SE
    • Kono Seisaskusho Co., Ltd.
    • Smith & Nephew
    • TEPHA Inc.
    • Medtronic
    • DemeTECH Corporation
    • Origami Surgical Inc.
    • Boston Scientific Corporation
    • Apollo Endosurgery, Inc.

In-the-news

In The News

  • 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


  • Report ID: 2199
  • Published Date: Feb 15, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing cases of orthopedic injury, accidents and neurological disorder, rise in medical spending and higher surgical treatments are the few factors likely to propel the market growth

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023-2033.

Increased popularity of minimal intrusive surgery, insufficient insurance policy and higher cost of antibacterial devices are the few factors is to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are B.Braun SE, Kono Seisaskusho Co., Ltd., Smith & Nephew, TEPHA Inc., Medtronic, DemeTECH Corporation, Origami Surgical Inc., Boston Scientific Corporation, Apollo Endosurgery, Inc., and so on…..

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by form, product type, application, end user, and by region.

The cardiology segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Surgical Sutures Market Report Scope
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