Surgical Sutures Market Size, Share & Trends Analysis Report By Type (Absorbable, Nonabsorbable), By Filament (Monovalent, Multivalent), By Application, By End Use, And Segment Forecasts, 2019 - 2025

Industry Insights

The global surgical sutures market size was valued at USD 3.5 billion in 2017 and is expected to expand at a CAGR of 6.5% over the forecast period. Increase in the number of surgeries due to unhealthy lifestyle and aging population are anticipated drive the market.

Improved safety and efficacy of various surgeries due to technological advancements is also expected to boost the market demand. Initiatives, such as acquisitions and partnerships, undertaken by key companies for product development and distribution activities are expected propel the market further during the forecast years.

Flexible government regulations for surgical procedures, aging baby boomers, and the introduction of technologically advanced products are likely to increase number of surgeries and thereby the market in the coming years. For instance, every year in U.S., surgeons perform about 64 million surgeries ranging from tooth extraction to open-heart procedure.

Increase in awareness about surgeries in the developing region, investment by market players in emerging markets, and developing imaging and diagnosis techniques are the other key factors to boost the growth in coming years.

Type Insights

Based on type, the market has been segmented into absorbable and nonabsorbable sutures. In 2017, absorbable suture accounted for the largest share of the market and is expected to maintain its position during the forecast period. This can be attributed to the ability of the suture to provide temporary support to wound until it heals significantly. Furthermore, it is cost effective as it dissolves in the body after a certain period.

Nonabsorbable sutures are majorly used on skin wound closure where stitches can be removed after few weeks or in a stressful internal environment where absorbable sutures are unable to fulfill the requirement. Special silk, stainless steel wires, synthetics polypropylene, polyester, and nylon are the major material used for nonabsorbable sutures.

Filament Insights

Based on the type of filament, the sutures market has been segmented into monofilament and multifilament sutures. Multifilament accounted for the maximum market share in 2017 due to its greater strength, more flexibility, and pliability. Increased number of complicated surgeries, availability of more products, and high cost over monovalent sutures are likely to drive the segment in the coming years.

Application Insights

Based on application, the surgical sutures market is divided into ophthalmic surgery, cardiovascular surgery, orthopedic surgery, neurological surgery, and others. Cardiovascular surgery accounted for the largest market share in 2017 and is expected to expand at the fastest CAGR during the forecast period. This can be attributed to the increasing incidence rate of cardiovascular diseases and technological advancements in diagnostics, imaging, and surgical tools.

The others segment includes gynecology and obstetrics surgery, urology, gastrointestinal surgery, general surgery, and oral surgery. The increasing number of obese population and rise in the number of women’s health issues are likely to drive this segment significantly over the forecast period.

Regional Insights

North America held the highest market share of more than 40.0% market share in 2017. This is due to the factors, such as adoption of technologically advanced devices, high domestic income, and local presence of major companies. For instance, Ethicon and Medtronic have a strong presence in this region.

Asia Pacific is expected to grow at a rapid pace over the forecast period owing to the introduction of technologically advanced products due to investment by market players in this region, high volume of surgeries, and growing consumer disposable income levels. China, Japan, and India are the major markets in the Asia Pacific region. Increasing medical tourism is another key factor for the rise in the number of surgical procedures and thereby sutures market in the region. 

Surgical Sutures Market Share Insights

Some of the major companies operating in the global market are Medtronic, Ethicon, Smith & Nephew, Sutures India Pvt. Ltd., Internacional Farmacéutica., Péters Surgical, and Integra LifeSciences. M & A and collaborations are the key market strategies undertaken by the companies to strengthen their global presence.

For instance, in February 2017, Integra LifeSciences acquired Derma Sciences. This acquisition facilitated Integra LifeSciences to expand their product portfolio and double the number of wound care sales channels.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global surgical sutures market report on the basis of type, filament, application, and region:

• Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Absorbable

  • Nonabsorbable

• Filament Outlook (Revenue, USD Million, 2014 - 2025)

  • Monovalent

  • Multivalent

• Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Ophthalmic Surgery

  • Cardiovascular Surgery

  • Orthopedic Surgery

  • Neurological Surgery

  • Others

• End Use Outlook (Revenue, USD Million, 2014 - 2025)

  • Hospitals

  • Ambulatory Surgical Centers and Clinics

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • Spain

    • Italy

    • France

    • U.K.

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa