The Global Surgical Sutures Market to Grow at 5.74% CAGR by 2028

 

 Triton Market Research presents the Global Surgical Sutures Market report segmented by Product Type (Sutures [Absorbable Sutures {Synthetic Sutures (Vicryl Sutures, Monocryl Sutures, Polydioxanone Sutures, Polyglycolic Sutures, Other Synthetic Sutures), Natural Sutures}, Non-absorbable Sutures {Stainless Steel Sutures, Nylon Sutures, Prolene Sutures, Other Non-absorbable Sutures}], Automated Suturing Device), by Type (Monofilament, Multifilament), by Application (Cardiovascular Surgery, General Surgery, Gynecology Surgery, Orthopedic Surgery, Ophthalmic Surgery, Other Applications), by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), discussing Market Summary, Industry Outlook, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, and Global Market Size, Forecasts, & Analysis (2022-2028).

Triton Market Research has put forth that the Global Surgical Sutures Market would evolve at a CAGR of 5.74% over the projected duration 2022 to 2028.

 


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There is a wide variety of sutures available in the market, such as antimicrobial sutures, elastic sutures, and knotless barbed sutures. The growth of the surgical suture industry is aided by the broad range of surgical suture choices available in the market. Staples, topical skin adhesives (TSAs) or glues, zippers, and sealing agents are some of the alternatives to surgical sutures. Their presence in the market has negatively impacted the demand for surgical sutures, which is hindering the growth of this market.

The Asia-Pacific is anticipated to showcase the fastest growth rate in the global market over the forecasted period. Medical tourism is swiftly growing in the region, as it offers high-quality and affordable treatments. This has led to a rise in surgeries, which is driving the growth of the surgical sutures market. In addition, cosmetic surgical procedures are being increasingly performed in countries like South Korea, China, Thailand, Vietnam, and Indonesia. This phenomenon is also contributing to the growth of the studied market.

B Braun Melsungen AG, Medtronic Plc, Unisur Lifecare Pvt Ltd, Boston Scientific Corporation, Ethicon Inc (Johnson & Johnson), Corza Medical, Smith & Nephew Plc, Lotus Surgicals, Zimmer Biomet Holdings Inc, Demetech Corporation, Advanced Medical Solutions Group Plc (AMS Group), Conmed Corporation, Teleflex Incorporated, Stryker Corporation, and Internacional Farmaceutica SA De CV are some of the dominant companies in this market.

The well-established players are dominating the market. They are investing heavily in R&D in the development of advanced surgical sutures to expand their product portfolio and cater to customers worldwide. In addition, several start-ups are also launching innovative products. Some players have also merged with other companies to create a strong portfolio and distribution network. Companies with undifferentiated products with bigger portfolios increase the level of competition in the market.

 

 

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