Loading...
0

Surgical Sutures Market Expected to Reach $5,255 Million, Globally by 2022

 
 

quote Absorbable sutures are expected to propel the market growth with a high growth rate, as these sutures are used in different surgical applications such as cardiovascular surgery, dental surgery, and repair of general soft tissues quote

Hemali Narkhede

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Surgical Sutures Market Report, published by Allied Market Research, forecasts that the global market accounted for $3,360 million in 2015, and is expected to reach $5,255 million by 2022, growing at a CAGR of 6.4% from 2016 to 2022. The sutures segment dominated the market in 2015 with more than four-fifths share.

View Detail Summary of this report: https://www.alliedmarketresearch.com/surgical-sutures-market

Global escalation in the number of hospitals, surge in the adoption of technologically advanced products, and increase in number of surgeries due to geriatric population & patients with various chronic diseases are the major factors that drive the growth of surgical sutures market. However, the adoption of substitute products such as advanced wound closure materials and lack of proper sterilization process in healthcare settings are projected to hinder the market growth.

The sutures segment accounted for more than four-fifths share of the market in 2015, and is expected to dominate the market, growing at a CAGR of 6.3%. The absorbable suture dissolves in tissues after a period of time and heals the wound, whereas non-absorbable suture is to be removed after the incision is healed. The absorbable suture segment held the largest share in 2015, and is anticipated to continue its dominance.
By material, the multifilament segment accounted for the largest share in the sutures market in 2015, and is estimated to grow with a CAGR of 6.6%. In the same year, the general surgeries application segment dominated the market with more than one-third share due to the increase in demand for surgical sutures in various types of abdominal and other general surgeries.

Key findings of the Surgical Sutures Market:

  • In the year 2015, suture was the leading segment that accounted for 85.4% of the suture market, and is projected to grow at a CAGR of 6.3% during the forecast period.

  • North America accounted for the share of 44.5% of the in 2015, and is projected to grow at a CAGR of 6.1%.

  • The prolene suture segment showed the highest growth in the non-absorbable sutures market, and is projected to continue its lead.

  • U.S. is the major shareholder in the North American region, accounting for 91.5% share in 2015.

  • Germany is the major shareholder in the Europe, accounting for 19.7% share in 2015.

North America was the highest revenue contributor and Asia-Pacific showed fastest growth, accounting for 19.2% share in 2015. The large share of North America is attributed to the higher adoption of technologically advanced products such as absorbable & antibacterial coated sutures, growth in surgical procedures with increase in prevalence of various chronic diseases, and the development of the wound management sector. However, Asia-Pacific is projected to grow at a the fastest CAGR due to rise in demand for surgical procedures from large pool of patient population suffering from diabetes, cardiovascular diseases, coronary thrombosis, cancer, and others.

The key players in the surgical suture market are expanding their business operations in the developing countries with new product launches. Comprehensive profiles of major market players such as Johnson & Johnson Private Limited, B. Braun Melsungen AG, Smith & Nephew, Demetech Corporation, Conmed Corporation, W.L. Gore & Associates, Boston Scientific, 3M Healthcare, Medtronic Inc., and Sutures India Pvt Ltd. are provided in this report.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Shaun Godinho
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Surgical Sutures Market by Product Type (Automated Suturing Devices and Sutures), Application (Cardiovascular Surgeries, General Surgeries, Gynecological Surgeries, Orthopedic Surgeries and Ophthalmic Surgeries) - Global Opportunity Analysis and Industry Forecasts, 2014 - 2022 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Surgical Sutures Market"
Purchase Enquiry