Surgical Suture Market by Type, Material, Application, End-User

List of Tables

[182 Pages Report] The Surgical Suture Market size was estimated at USD 4.80 billion in 2023 and expected to reach USD 5.08 billion in 2024, at a CAGR 5.67% to reach USD 7.07 billion by 2030.

Surgical sutures are medical devices that hold together the edges of skin near the wound or incision during the healing process. They are commonly employed in various surgical procedures, including internal and external wounds. Surgical sutures are made of multiple materials, including natural substances (silk or catgut), synthetic materials (nylon or polypropylene), or absorbable materials (polyglycolic acid or polylactic acid). Sutures can be placed in different patterns, such as simple interrupted, continuous, or mattress sutures, to achieve optimal wound closure and promote proper healing. Moreover, older adults often require more surgical interventions for various medical conditions, including joint replacements, cardiovascular surgeries, and cancer treatments, increasing the need for surgical sutures. However, various alternative wound care management products and frequent breakage problems in surgical sutures impede their use. Additionally, material science and technology advances have led to the development of new suture materials with improved properties.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.80 billion
Estimated Year [2024]	USD 5.08 billion
Forecast Year [2030]	USD 7.07 billion
CAGR (%)	5.67%

Regional Insights

The surgical sutures market is growing in the Americas owing to the well-established healthcare sector, increased surgical procedures, and a high adoption rate of advanced medical technologies. The market is witnessing a growth in aesthetic and cosmetic surgeries, fueling the need for surgical sutures. Advancements in the healthcare sector, coupled with an increasing aging population and strong preference for high-quality and reliable products, are resulting in an increased need for surgical sutures in the EMEA region. The Middle East and Africa's surgical sutures market is growing steadily, driven by the increasing number of hospitals and clinics and government initiatives to modernize healthcare infrastructure. Continuous improvements in healthcare infrastructure, a large population base, and a growing emphasis on developing novel surgical suture materials and techniques are influencing the growth of the surgical sutures market in the APAC region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Surgical Suture Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing number of surgical procedures globally
- Patient inclination toward minimally invasive procedures

Market Restraints
- Volatility of raw material cost and incidences of product recall

Market Opportunities
- Advances in materials used for manufacturing surgical sutures
- Significant emphasis on development of smart sutures

Market Challenges
- Availability of alternatives and risk of infections associated with surgical suture

Market Segmentation Analysis
- Type: High adoption of monofilament sutures provides a lower risk of infection
- Material: Significant penetration of natural absorbable sutures
- Application: Proliferating utilization of surgical sutures in general surgeries
- End-User: Potential need for surgical sutures in the hospital sectors cater to multiple surgical specialties

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Surgical Suture Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Surgical Suture Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Suturion and Healthcare 21 Sign Exclusive Distributor Agreement

Suturion has entered into an exclusive distribution agreement with Healthcare 21, an eminent innovative healthcare solutions provider. This agreement is anticipated to leverage Healthcare 21's robust distribution network to heighten the accessibility and availability of Suturion's advanced suture technology to healthcare professionals across the United Kingdom. [Published On: 2023-10-17]

Genesis MedTech secures China's NMPA Approval for Absorbable Sutures

Genesis MedTech Group achieved a milestone with the National Medical Products Administration's (NMPA) authorization of its novel absorbable surgical sutures. This innovative product, engineered to dissolve within the body over time, promises to enhance the standard of surgical care in the region by reducing the necessity for follow-up procedures to remove sutures, thus contributing to improved patient recovery experiences. [Published On: 2023-09-12]

Riverpoint Medical Invests USD 10 Million In Its New Facilities And Manufacturing Site In The Coyol Free Trade Zone

Riverpoint Medical expanded its operational footprint with a significant USD 10 million investment in a new facility in Costa Rica's Coyol Free Trade Zone. This substantial financial commitment underscores the company's dedication to growth and its intent to optimize production efficiencies and elevate product quality. The new site is poised to bolster the company's manufacturing capabilities, particularly in producing surgical sutures, a critical segment in the medical supply industry. [Published On: 2023-08-22]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Surgical Suture Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Surgical Suture Market, highlighting leading vendors and their innovative profiles. These include Able Medical Devices Inc., AD Surgical, Advanced Medical Solutions Group plc, AIP Medical SA, Atramat by Internacional Farmaceutica S.A . de C.V., B. Braun SE, Centenial Surgical Suture Ltd., CONMED Corporation, Corza Medical GmbH, DemeTECH Corporation, Demophorius Healthcare Ltd., Dolphin Sutures, Genesis Medtech, GMD Group, Healthium Medtech Ltd., Johnson & Johnson Services, Inc., Lotus Surgicals Pvt Ltd, Lux Sutures SA, Lydus Medical, McKesson Medical-Surgical Inc., Medtronic PLC, Mellon Medical B.V., Orion Sutures India Pvt Ltd, Peters Surgical, Riverpoint Medical, Shandong Haidike Medical Products Co.,Ltd., Smith & Nephew PLC, Stryker Corporation, Sutumed Corp., SUTUREGARD Medical, Inc., Teleflex Incorporated, Unisur Lifecare Pvt. Ltd., Vitrex Medical A/S, and Zimmer Biomet Holdings, Inc..

Market Segmentation & Coverage

This research report categorizes the Surgical Suture Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Monofilament Sutures
- Multifilament Sutures

Material
- Absorbable
  - Natural
    - Catgut
    - Reconstituted Collagen

Synthetic
- Monocryl
- Polydioxanone
- Vicryl

Non-Absorbable
- Natural
  - Surgical Cotton
  - Surgical Silk
  - Surgical Steel

Synthetic
- Ethilon
- Polypropylene

Application
- Cardiovascular Surgery
- Cosmetic & Plastic Surgery
- General Surgery
- Gynecological Surgery
- Ophthalmic Surgery
- Orthopedic Surgery

End-User
- Ambulatory Surgical Centers
- Clinics & Dispensaries
- Hospitals

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-FD3F12D52777

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing number of surgical procedures globally
  - 5.1.1.2. Patient inclination toward minimally invasive procedures
- 5.1.2. Restraints
  - 5.1.2.1. Volatility of raw material cost and incidences of product recall
- 5.1.3. Opportunities
  - 5.1.3.1. Advances in materials used for manufacturing surgical sutures
  - 5.1.3.2. Significant emphasis on development of smart sutures
- 5.1.4. Challenges
  - 5.1.4.1. Availability of alternatives and risk of infections associated with surgical suture
5.2. Market Segmentation Analysis
- 5.2.1. Type: High adoption of monofilament sutures provides a lower risk of infection
- 5.2.2. Material: Significant penetration of natural absorbable sutures
- 5.2.3. Application: Proliferating utilization of surgical sutures in general surgeries
- 5.2.4. End-User: Potential need for surgical sutures in the hospital sectors cater to multiple surgical specialties
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Surgical Suture Market, by Type

6.1. Introduction
6.2. Monofilament Sutures
6.3. Multifilament Sutures

7. Surgical Suture Market, by Material

7.1. Introduction
7.2. Absorbable
7.3. Non-Absorbable

8. Surgical Suture Market, by Application

8.1. Introduction
8.2. Cardiovascular Surgery
8.3. Cosmetic & Plastic Surgery
8.4. General Surgery
8.5. Gynecological Surgery
8.6. Ophthalmic Surgery
8.7. Orthopedic Surgery

9. Surgical Suture Market, by End-User

9.1. Introduction
9.2. Ambulatory Surgical Centers
9.3. Clinics & Dispensaries
9.4. Hospitals

10. Americas Surgical Suture Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Surgical Suture Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Surgical Suture Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Suturion and Healthcare 21 Sign Exclusive Distributor Agreement
- 13.3.2. Genesis MedTech secures China's NMPA Approval for Absorbable Sutures
- 13.3.3. Riverpoint Medical Invests USD 10 Million In Its New Facilities And Manufacturing Site In The Coyol Free Trade Zone
- 13.3.4. ZuriMED closes CHF 14.5 Million (USD16.6 million) Series A Round
- 13.3.5. VESTECK, Inc. is excited to announce that the U.S. Patent Application No. 17/841,373 Title: REMOTE SURGICAL SUTURE SYSTEM, has been allowed by the U.S. Patent and Trademark Office (USPTO)
- 13.3.6. Engineers Design Sutures that can Deliver Drugs or Sense Inflammation
- 13.3.7. Stryker gets Medical Equipment to Regions in Need with Project C.U.R.E. Partnership
- 13.3.8. Able Medical Announces Launch of Valkyrie Looped Sternotomy Sutures
- 13.3.9. Lydus Medical Announces U.S. FDA Clearance of Microvascular Anastomosis Aid Device
- 13.3.10. Stryker Launches Citrefix Suture Anchor System, Featuring Award-Winning Citregen Biomaterial Designed to Support Bone Regeneration and the Natural Healing Process
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio