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HEALTHCARE & PHARMACEUTICAL

Surgical Sutures Market Segmentation By Product (Absorbable Sutures and Non-Absorbable Sutures); By Material (Natural and Synthetic); By Application (General Surgeries, Gynecological Surgeries, Cardiovascular Surgeries, Orthopedic Surgeries, Urinary System Surgeries, Dental Surgeries and Others); By Distribution Channel (Online and Offline); By End User (Hospitals, Ambulatory Surgical Centers, Clinics and Others) – Global Industry Demand Analysis and Opportunity Assessment 2018-2027

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Extensive insights into the Growth of Surgical Sutures Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • On December 3, 2019, Johnson & Johnson Medical Devices Companies announced that Ethicon launched VISTASEAL Fibrin Sealant (Human) to help with the management of bleeding during surgery. VISTASEAL Fibrin Sealant (Human) consists of clotting proteins that are found in human plasma which forms an adherent clot and stops bleeding even in high risk patients.

Surgical Sutures Market Overview

Surgical sutures are medical devices used to close wounds through a process in which a length of thread-like material attached to a needle is used to stitch the skin tissues together. The nature of material used for sutures depends highly upon the application and type of surgery to be performed. The global surgical sutures market is projected to grow at a CAGR of 3.75% over the forecast period, i.e., 2020-2027. The market comprised of a market value of USD 3,498.82 million in 2018 which is estimated to grow significantly by the end of this period. This can be attributed to the growing demand for surgical procedures across the world and the surgical innovations that are targeted and specific to the patient.

Growth Highlights based on Region during 2018-2027

The market in North America held a share of 35.28% in 2018 is estimated to continue the trend of holding the leading share in surgical sutures market by 2027. Growing investments in the healthcare industry by government as well as private organizations for providing improved healthcare services and facilities is anticipated to result in market growth in the region. The market in the United States is predicted to grow at a CAGR of 3.98% during the forecast period on account of rising adoption of advanced treatment methods that focus on minimally invasive surgeries. Surgical sutures market in Asia Pacific is estimated to grow at a significantly high rate in future on the back of increasing availability of advanced healthcare in the region, mainly in China, Japan and India.

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). CLICK TO DOWNLOAD SAMPLE REPORT

Market Segmentation Synopsis

By Product

Based on product, the market for surgical sutures is segmented into absorbable and non-absorbable sutures, out of which, the absorbable sutures are anticipated to hold a larger share in market as compared to non-absorbable sutures. This can be attributed to the growing demand and use of absorbable sutures by surgeons as these sutures decrease the number of follow up visits and reduce the risk of infection. Non-absorbable sutures have to be removed as they are biologically inert. Moreover, they might cause an inflammatory response which is estimated to limit the market growth of this segment.

By Material

Surgical sutures market is segmented on the basis of material into natural and synthetic segments. The natural segment consists of materials such as silk, linen and catgut, while the synthetic segment includes nylon, polypropylene, stainless steel, PTFE, polyvinylidine fluoride (PVDF) and others. Synthetic surgical sutures are highly preferred over natural sutures as they are relatively safer than natural materials. Natural materials increase the risk of post-surgical infection owing to which the demand of this segment is low. Out of all synthetic materials used as sutures, nylon sutures are anticipated to capture a larger market share.

Surgical-Sutures-MarketBy Application

On the basis of application, the market is segmented into general surgeries, gynecological surgeries, cardiovascular surgeries, orthopedic surgeries, urinary system surgeries, dental surgeries and others. The general surgeries segment is anticipated to contain the largest market share on account of growing number of accidents that require stitches. This segment is followed by cardiovascular surgeries and orthopedic surgeries as they require efficient medical products for wound closure during surgery.

Surgical-Sutures-Market-Size

By Distribution Channel

On the basis of distribution channel, the market is segmented into online and offline distribution channels, out of which, the offline channel segment captures the largest market share currently. However, the online distribution channel is estimated to observe a high growth with a CAGR of 4.22% over the forecast period on account of rising number of internet users, availability of a wider range of products online than offline and easier online transactions.

By End User

Based on end user, the market is segmented into hospitals, ambulatory surgical centers, clinics and others. The large market size of hospitals segment that is estimated to reach USD 2,845.26 million by the end of 2027 can be attributed to the higher number of patients in hospitals and large facilities as compared with smaller healthcare facilities. According to the American Hospital Association, the total number of all U.S. hospitals were reported to be 6,210 in 2017. The total expenses for these hospitals were found to be around USD 1,060.93 billion.

Surgical-Sutures-Market-Analysis

Market Drivers and Challenges

Growth Indicators

The growth in surgical procedures that are being performed on patients raises the demand for surgical sutures in the medical industry. Advancements in the healthcare industry leads to the development of improved treatment techniques, which is estimated to increase the market growth. Rising prevalence of surgeries with innovative treatment methods, especially in countries such as U.K., Germany, U.S., Canada and Japan, increases the demand for surgical sutures that are convenient for the surgeons as well as the patients. Moreover, the growing awareness among people about the availability of these advanced technologies increases the demand for these products as well. Further, the favorable reimbursement policies by the government for managing the growing number of diseases is another factor predicted to positively impact the market growth along with the growing geriatric population and provision of universal healthcare by various countries to their citizens.

Barriers

The major barrier for the growth of surgical sutures market is the lack of advancements in surgical sutures. The structure of sutures and the material used have not been developed or improved in the past few years, which is estimated to hinder the market growth. Presence of substitute products such as surgical staplers that aid in faster healing and reduce the traces of scars is another factor estimated to become a threat for surgical sutures. Additionally, a natural material used in sutures known as catgut has been banned in Europe owing to the risk of transmission of diseases which is predicted to hamper the market growth further.

Competitive Landscape

Some of the affluent industry leaders in the global surgical sutures market are Johnson & Johnson, B. Braun Melsungen AG, Medtronic Inc., Conmed Corporation, DemeTECH Corporation, MANI, Inc., Teleflex Incorporated and Dolphin Sutures. Moreover, other key and niche players are working towards bringing improved and efficient surgical sutures for carrying out effective surgical procedures in the market along with investing in the development of better surgical sutures in order to gain competitive edge in the global surgical sutures market.

1. INTRODUCTION

1.1. MARKET SEGMENTATION

1.2. PRODUCT OVERVIEW

2. ASSUMPTIONS AND ACRONYMS

3. RESEARCH METHODOLOGY

3.1. VARIABLES (DEPENDENT AND INDEPENDENT)

3.2. MULTI FACTOR BASED SENSITIVITY MODEL

4. EXECUTIVE SUMMARY - GLOBAL SURGICAL SUTURES MARKET

4.1. KEY MARKET TAKEAWAYS

4.2. KEY BUYING CRITERIA

5. INDUSTRY ANALYSIS

5.1. RISK ANALYSIS

5.1.1. DEMAND RISK ANALYSIS

5.1.2. SUPPLY RISK ANALYSIS

5.2. OUTLOOK OF THE HEALTHCARE INDUSTRY

5.3. TECHNOLOGICAL OUTLOOK W.R.T DIFFERENT TYPES OF SURGICAL SUTURES

5.4. LIST OF KEY PLAYERS BY COUNTRY

5.5. IMPORT-EXPORT ANALYSIS

5.6. LIST OF PATENTS

6. ANALYSIS OF MARKET DYNAMICS

6.1. DRIVERS

6.2. RESTRAINTS/CHALLENGES

6.3. TRENDS

7. ANALYSIS OF MARKET OPPORTUNITIES

7.1. COMPANY SPECIFIC

7.2. PRODUCT SPECIFIC

7.3. REGION SPECIFIC

8. GLOBAL SURGICAL SUTURES MARKET OUTLOOK

8.1. MARKET SIZE AND FORECAST, 2018-2027

8.1.1. BY VALUE (USD MILLION)

8.2. GLOBAL SURGICAL SUTURES MARKET SEGMENTATION, 2018-2027

8.2.1.BY PRODUCT

8.2.1.1. ABSORBABLE & NON-ABSORBABLE SUTURES, 2018-2027F (USD MILLION)

8.2.2.BY MATERIAL

8.2.2.1. NATURAL: SILK, LINEN & CATGUT, 2018-2027F (USD MILLION)

8.2.2.2. SYNTHETIC: NYLON SUTURES,POLYPROPYLENE SUTURES, STAINLESS STEEL SUTURES, PTFE SUTURES, POLYVINYLIDINE FLUORIDE (PVDF) AND OTHERS, 2018-2027F (USD MILLION)

8.2.3.BY APPLICATION

8.2.3.1. GENERAL SURGERIES, GYNECOLOGICAL SURGERIES, CARDIOVASCULAR SURGERIES, ORTHOPEDIC SURGERIES, DENTAL SURGERIES AND OTHER, 2018-2027F (USD MILLION)

8.2.4.BY END-USERS

8.2.4.1. HOSPITALS, CLINICS, AMBULATORY SURGERY CENTERS AND OTHERS, 2018-2027F (USD MILLION)

8.2.5.BY DISTRIBUTION CHANNELS

8.2.5.1. ONLINE & OFFLINE, 2018-2027F (USD MILLION)

8.2.6.BY REGIONS

8.2.6.1. NORTH AMERICA SURGICAL SUTURES MARKET, 2018-2027F (USD MILLION)

8.2.6.1.1.BY PRODUCT

8.2.6.1.1.1. ABSORBABLE & NON-ABSORBABLE SUTURES, 2018-2027F (USD MILLION)

8.2.6.1.2.BY MATERIAL

8.2.6.1.2.1. NATURAL: SILK, LINEN & CATGUT, 2018-2027F (USD MILLION)

8.2.6.1.2.2. SYNTHETIC: NYLON SUTURES,POLYPROPYLENE SUTURES, STAINLESS STEEL SUTURES, PTFE SUTURES, POLYVINYLIDINE FLUORIDE (PVDF) AND OTHERS, 2018-2027F (USD MILLION)

8.2.6.1.3.BY APPLICATION

8.2.6.1.3.1. GENERAL SURGERIES, GYNECOLOGICAL SURGERIES, CARDIOVASCULAR SURGERIES, ORTHOPEDIC SURGERIES, DENTAL SURGERIES AND OTHER, 2018-2027F (USD MILLION)

8.2.6.1.4.BY END-USERS

8.2.6.1.4.1. HOSPITALS, CLINICS, AMBULATORY SURGERY CENTERS AND OTHERS, 2018-2027F (USD MILLION)

8.2.6.1.5.BY DISTRIBUTION CHANNELS

8.2.6.1.5.1. ONLINE & OFFLINE, 2018-2027F (USD MILLION)

8.2.6.1.6.BY COUNTRY (US & CANADA)

8.2.6.2. LATIN AMERICA SURGICAL SUTURES MARKET, 2018-2027F (USD MILLION)

8.2.6.2.1.BY PRODUCT

8.2.6.2.1.1. ABSORBABLE & NON-ABSORBABLE SUTURES, 2018-2027F (USD MILLION)

8.2.6.2.2.BY MATERIAL

8.2.6.2.2.1. NATURAL: SILK, LINEN & CATGUT, 2018-2027F (USD MILLION)

8.2.6.2.2.2. SYNTHETIC: NYLON SUTURES,POLYPROPYLENE SUTURES, STAINLESS STEEL SUTURES, PTFE SUTURES, POLYVINYLIDINE FLUORIDE (PVDF) AND OTHERS, 2018-2027F (USD MILLION)

8.2.6.2.3.BY APPLICATION

8.2.6.2.3.1. GENERAL SURGERIES, GYNECOLOGICAL SURGERIES, CARDIOVASCULAR SURGERIES, ORTHOPEDIC SURGERIES, DENTAL SURGERIES AND OTHER, 2018-2027F (USD MILLION)

8.2.6.2.4.BY END-USERS

8.2.6.2.4.1. HOSPITALS, CLINICS, AMBULATORY SURGERY CENTERS AND OTHERS, 2018-2027F (USD MILLION)

8.2.6.2.5.BY DISTRIBUTION CHANNELS

8.2.6.2.5.1. ONLINE & OFFLINE, 2018-2027F (USD MILLION)

8.2.6.2.6. BY COUNTRY (BRAZIL, MEXICO, ARGENTINA, REST OF LATIN AMERICA)

8.2.6.3. EUROPE SURGICAL SUTURES MARKET, 2018-2027F (USD MILLION)

8.2.6.3.1.BY PRODUCT

8.2.6.3.1.1. ABSORBABLE & NON-ABSORBABLE SUTURES, 2018-2027F (USD MILLION)

8.2.6.3.2.BY MATERIAL

8.2.6.3.2.1. NATURAL: SILK, LINEN & CATGUT, 2018-2027F (USD MILLION)

8.2.6.3.2.2. SYNTHETIC: NYLON SUTURES,POLYPROPYLENE SUTURES, STAINLESS STEEL SUTURES, PTFE SUTURES, POLYVINYLIDINE FLUORIDE (PVDF) AND OTHERS, 2018-2027F (USD MILLION)

8.2.6.3.3.BY APPLICATION

8.2.6.3.3.1. GENERAL SURGERIES, GYNECOLOGICAL SURGERIES, CARDIOVASCULAR SURGERIES, ORTHOPEDIC SURGERIES, DENTAL SURGERIES AND OTHER, 2018-2027F (USD MILLION)

8.2.6.3.4.BY END-USERS

8.2.6.3.4.1. HOSPITALS, CLINICS, AMBULATORY SURGERY CENTERS AND OTHERS, 2018-2027F (USD MILLION)

8.2.6.3.5.BY DISTRIBUTION CHANNELS

8.2.6.3.5.1. ONLINE & OFFLINE, 2018-2027F (USD MILLION)

8.2.6.3.6. BY COUNTRY (GERMANY, UK, FRANCE, ITALY,  TURKEY, RUSSIA, REST OF EUROPE)

8.2.6.4. ASIA PACIFIC SURGICAL SUTURES MARKET, 2018-2027F (USD MILLION)

8.2.6.4.1.BY PRODUCT

8.2.6.4.1.1. ABSORBABLE & NON-ABSORBABLE SUTURES, 2018-2027F (USD MILLION)

8.2.6.4.2.BY MATERIAL

8.2.6.4.2.1. NATURAL: SILK, LINEN & CATGUT, 2018-2027F (USD MILLION)

8.2.6.4.2.2. SYNTHETIC: NYLON SUTURES,POLYPROPYLENE SUTURES, STAINLESS STEEL SUTURES, PTFE SUTURES, POLYVINYLIDINE FLUORIDE (PVDF) AND OTHERS, 2018-2027F (USD MILLION)

8.2.6.4.3.BY APPLICATION

8.2.6.4.3.1. GENERAL SURGERIES, GYNECOLOGICAL SURGERIES, CARDIOVASCULAR SURGERIES, ORTHOPEDIC SURGERIES, DENTAL SURGERIES AND OTHER, 2018-2027F (USD MILLION)

8.2.6.4.4.BY END-USERS

8.2.6.4.4.1. HOSPITALS, CLINICS, AMBULATORY SURGERY CENTERS AND OTHERS, 2018-2027F (USD MILLION)

8.2.6.4.5.BY DISTRIBUTION CHANNELS

8.2.6.4.5.1. ONLINE & OFFLINE, 2018-2027F (USD MILLION)

8.2.6.4.6. BY COUNTRY (CHINA, INDIA, JAPAN, SOUTH KOREA,  AUSTRALIA, MALAYSIA, REST OF ASIA PACIFIC)

8.2.6.5.  MIDDLE EAST AND AFRICA SURGICAL SUTURES MARKET, 2018-2027F (USD MILLION)

8.2.6.5.1.BY PRODUCT

8.2.6.5.1.1. ABSORBABLE & NON-ABSORBABLE SUTURES, 2018-2027F (USD MILLION)

8.2.6.5.2.BY MATERIAL

8.2.6.5.2.1. NATURAL: SILK, LINEN & CATGUT, 2018-2027F (USD MILLION)

8.2.6.5.2.2. SYNTHETIC: NYLON SUTURES,POLYPROPYLENE SUTURES, STAINLESS STEEL SUTURES, PTFE SUTURES, POLYVINYLIDINE FLUORIDE (PVDF) AND OTHERS, 2018-2027F (USD MILLION)

8.2.6.5.3.BY APPLICATION

8.2.6.5.3.1. GENERAL SURGERIES, GYNECOLOGICAL SURGERIES, CARDIOVASCULAR SURGERIES, ORTHOPEDIC SURGERIES, DENTAL SURGERIES AND OTHER, 2018-2027F (USD MILLION)

8.2.6.5.4.BY END-USERS

8.2.6.5.4.1. HOSPITALS, CLINICS, AMBULATORY SURGERY CENTERS AND OTHERS, 2018-2027F (USD MILLION)

8.2.6.5.5.BY DISTRIBUTION CHANNELS

8.2.6.5.5.1. ONLINE & OFFLINE, 2018-2027F (USD MILLION)

8.2.6.5.6. BY COUNTRY (ISRAEL, UAE, SAUDI ARABIA, SOUTH AFRICA, REST OF MIDDLE EAST AND AFRICA)

9. COMPETITIVE STRUCTURE

9.1. COMPETITIVE POSITIONING

9.2. COMPANY PROFILES

9.2.1. Johnson & Johnson Inc

9.2.2. B. Braun MelsungenAG

9.2.3. Smith & Nephew Plc

9.2.4. Boston Scientific Corporation

9.2.5. 3M Healthcare

9.2.6. Medtronic Inc.

9.2.7. InternacionalFarmaceuticas.A.De c.V.

9.2.8. ConmedCorporation

10. STRATEGIC RECOMMENDATIONS


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