Global Surgical Sutures Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Surgical Sutures Market Overview:

“The global Surgical Sutures Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global surgical sutures market report has been segmented on the product, type, application, and region.

Surgical sutures are surgical threads that are used to repair cuts and are further used to close incisions from surgery. Sutures are made from both man-made and natural materials.

Dynamics:

Increasing number of surgical procedures globally is a primary factor expected to drive growth of the global surgical sutures market over the forecast period. In addition, increasing focus on development of technological advanced suture design is major factor expected to drive growth of global surgical sutures market over the forecast period.

Increasing prevalence of chronic diseases, rapidly growing ageing population, and increasing healthcare expenditures are some among the other factors expected to boost growth of the global surgical sutures market over the forecast period.

However, increasing preference for minimally invasive procedures is major factor expected to limit growth of the global market, to significant extent. In addition, availability of alternative wound care management products is expected to hamper growth of the global surgical sutures market over the forecast period.

Segment Analysis:

Based on application, the global surgical sutures market is segmented based on cardiovascular surgery, general surgery, gynecological surgery, orthopedic surgeries, ophthalmic surgery, and cosmetic & plastic surgery. The cardiovascular surgery segment accounted for highest revenue share in 2017 and register a CAGR of XX.X% over the forecast period.

Regional Analysis:

Market in North America accounted for significant revenue share of the global surgical sutures market in terms of revenue contribution as compared to that of markets in other regions, in 2017.

Favorable reimbursement scenario, coupled with presence of major players in market are factors expected to boost growth of North America surgical sutures market. Europe accounts for second-highest revenue share contribution to the global market, registering a revenue share of XX.X%, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.

In addition, the market in the Asia Pacific is projected to register highest growth in terms of revenue over the next 10 years.

Increasing prevalence of chronic diseases coupled with rapidly growing ageing population are major factors expected to boost growth of the market in the region over the forecast period.

The Middle East & Africa market is expected to register a CAGR of XX.X% during the forecast period. The market in Latin America is expected to register moderate growth in the global surgical sutures market over the forecast period.

Global Surgical Sutures Market Segmentation:

Segmentation on the basis of product:

• Suture Threads
  • Absorbable Sutures
    • Synthetic Sutures
    • Natural Sutures
  • Non-Absorbable Sutures
• Automated Suturing Devices

 Segmentation on the basis of type:

• Multifilament Sutures
• Monofilament Sutures

Segmentation on the basis of application:

• Cardiovascular Surgery
• General Surgery
• Gynecological Surgery
• Orthopedic Surgeries
• Ophthalmic Surgery
• Cosmetic & Plastic Surgery

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa