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| Sutures Market |
The global Sutures Market is estimated to be valued at US$ 3994.65 Mn in 2023 and is expected to exhibit a CAGR of 8.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Sutures are medical devices used to hold skin, internal organs, blood vessels
and all other tissues of the human body together after they have been severed
by surgery, injury or accident. They can be made either from both
non-absorbable or absorbable synthetic or natural materials like polyglycolic
acid, polyglactin 910 among others. Absorbable materials don’t need to be
removed as they dissolve in the body over time.
Market key trends:
Absorbable sutures have emerged as one of the fastest growing segments in the
sutures market propelled by their advantages over non-absorbable sutures. These
sutures do not require removal as they are absorbed by the body after tissue
healing which reduces postoperative pain and risk of complications to the
patient. Various types of absorbable sutures are made of materials such as
polyglactin 910, polyglycolic acid and polydioxanone that assistwound healing
and are assimilated by the body's biological processes after performing their
function. This reduces scarring and chances of site-infection making them a
preferred choice especially in pediatric surgeries.
Segment Analysis
The global sutures market is segmented into absorbable and non-absorbable
sutures. The absorbable sutures segment currently dominates the market due to
the increasing adoption of dissolvable sutures in various surgical procedures.
Absorbable sutures offer various benefits over non-absorbable sutures such as
reduced risk of wound infection and no requirement of removal post-surgery.
Within absorbable sutures, synthetic sutures account for the largest share
owing to their enhanced mechanical properties and ability to retain tensile
strength for longer duration compared to natural sutures.
Key Takeaways
The global Sutures
Market Growth is expected to witness high growth, exhibiting CAGR of 8.3% over the forecast period,
due to increasing number of surgical procedures worldwide. The global sutures
market size is estimated to reach US$ 3994.65 Mn by 2030 from US$ 2068.56 Mn in
2023.
Regionally, North America dominates the sutures market currently due to high
healthcare spending and growing geriatric population undergoing various
surgical treatments in the region. However, Asia Pacific market is expected to
grow at the fastest rate owing to rising medical tourism, increasing healthcare
infrastructure, and growing incidence of chronic diseases in countries such as
China and India.
Key players operating in the sutures market are Medtronic Plc, Johnson &
Johnson, SMI, Advanced Medical Solutions Group plc, GMD Group (General Medical
Disposable), Bentley Healthcare Pvt. Ltd., Lotus Surgicals, Teleflex
Incorporated, Sutumed, Lux Sutures, CliniSut, Smith & Nephew Plc, B. Braun
Melsungen AG, CONMED Corporation, Unilene, Riverpoint Medical, Unisur Lifecare
Pvt. Ltd., Orion Sutures India Pvt Ltd, Dolphin Sutures, Peters Surgical, Meril
Life Sciences Pvt. Ltd., Corza Medical, Healthium Medtech Limited, Surgical
Sutures Private Limited, DemeTECH Corporation, and Vitrex Medical A/S. Key
players are focusing on new product launches and geographical expansion to
increase their market share.
Read More,
https://www.ukwebwire.com/sutures-market-trends-size-and-share-analysis/
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