Surgical Sutures Market Analysis, Growth Factors and Competitive...

Surgical Sutures Market Analysis, Growth Factors and Competitive Strategies by Forecast 2033

Postado 2024-05-22 11:07:48

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Surgical Sutures Market Outlook

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?

About We Market Research:

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