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Surgical Sutures Market Overview
The size of global Surgical Sutures Market in terms of revenue was estimated to be worth USD 4,400 million in 2023 and is poised to reach USD 6,500 million by 2033, growing at a CAGR of 5.8% from 2023 to 2033.
Surgical sutures are sterile medical devices used to hold body tissues together after an injury or surgery. They are employed to close wounds, secure surgical incisions, and aid in the healing process by maintaining tissue alignment, promoting wound healing, and minimizing infection risks. Sutures can be made from natural or synthetic materials and are available in absorbable forms, which the body can break down over time, or non-absorbable forms, which must be removed once the wound has healed sufficiently.
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Key Driving Factors
The major factors responsible for the growth of this market are:
- Growing number of surgical cases worldwide
- Increasing healthcare expenditure
- Positive scenarios of reimbursement
The increase in the number of surgical cases can be attributed to the improvised healthcare facilities, such as growing number of hospitals, clinics, and operating facilities, especially in countries with developing economy. Increased disposable income has led to the tremendous rise in healthcare expenditure, resulting in more number of surgeries, thereby boosting the growth of the surgical sutures market.
In developed nations, the growth of this market is mainly due to the rising aging population, which in turn calls for an increased demand for all kinds of surgical procedures, especially cardiovascular, orthopedic, urological, and dermatological procedures.
Advancements in technologies, growing aging population, suitable regulations and policies, and the high disposable income have contributed to the growth of this market in the Americas and Europe. The market in the Asia-Pacific is anticipated to show significant growth, owing to the growing medical tourism industry, rising population in China and India, unmet healthcare needs, increasing cases of chronic diseases that require surgical procedures, and suitable reimbursement methods.
Competitive Analysis
- Assut Medical S.r.L
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Centenial Surgical Suture Ltd.
- CONMED Corporation
- DemeTech Corporation
- Ethicon Inc.
- Internacional Farmacéutica S.A. De C.V.
- Johnson & Johnson
- Medtronic Plc.
- Mellon Medical B.V.
- Peters Surgical
- Smith & Nephew Plc.
- Surgical Specialties Corporation
- Sutures India Pvt. Ltd.
- Arthrex, Inc.
- Teleflex Incorporated.
Global Surgical Sutures Market- Segmental Analysis
By Product
Automated Suturing Devices
- Disposable
- Reusable
Sutures
- Absorbable
- Non-absorbable
By Material
- Monofilament
- Multifilament
By Application
- Cardiovascular Surgeries
- General Surgeries
- Gynecological Surgeries
- Orthopedic Surgeries
- Ophthalmic Surgeries
- Other Surgeries
By End User
- Hospitals
- Advancing Surgical Care
- Veterinary Hospitals
- Specialty Clinics
- Others
Reasons Why You Should Buy This Report:
- To gain an in-depth understanding of Surgical Sutures Market
- To obtain research-based business decisions and add weight to presentations and marketing strategies
- To gain competitive knowledge of leading Surgical Sutures market players
- It gives pin point investigation of changing rivalry elements and keeps you in front of contenders.
- It helps in settling on educated business choices by having total bits of knowledge of market and by making inside and out investigation of market sections.
What Information does this report contain?
- A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
- Which are the leading market products, applications & regions and how will they perform by 2033?
- What are the technologies & innovation trends, how will they evolve by 2033?
- Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
The report attempts to offer answers on:
- What’s the projected growth rate CAGR by the 2033?
- How big is the Surgical Sutures market anticipated to be throughout the estimated period?
- Who are the major market participants in the market?
- What are the main restraints ahead of Surgical Sutures market players?
- Which are the key segments in the market?
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