Surgical Sutures Market: Others Segment Dominated And Held A Revenue Share
Surgical Sutures
Industry Overview
The global
surgical sutures market size was valued at USD 4.2 billion in 2021 and is
expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2022 to
2030. The COVID-19 pandemic led to a change in healthcare priorities. The
healthcare providers mainly focused on the COVID-19 infected patients, while
the government imposed complete lockdowns to avoid the spread of the virus. All
the elective surgeries were postponed or kept on hold to avoid contracting the
virus, leading to a shortage in demand for surgical sutures. Hence, a rapid
drop in the sales of surgical sutures was observed in 2020 due to the outbreak
of the COVID-19 pandemic.
The COVID-19 pandemic had a major negative impact on the market
in 2020. With the economies opening up and countries returning to normalcy,
surgical procedures are expected to be carried out at a much faster pace.
Hospitals and ambulatory
care centers are constantly strategizing to
maximize the number of elective surgeries that are carried out. Healthcare
providers are aiming to achieve this through telehealth assessment, screening tools, and optimized
coordination tools.
Gather more insights about the market drivers, restrains
and growth of the Global
Surgical Sutures market
Mobile apps allow the surgeons to provide information about the
procedure, post-care instructions, and a checklist of items that need to be
completed before showing up on the day of the procedure. This helps the
healthcare providers to optimize procedures rooms and staff while helping
patients receive the care they need. Similar strategies are helping the
hospitals and ambulatory surgical centers to overcome the loss they have
incurred during the pandemic and generate revenues at the pre-COVID growth
rate. This has further helped the market to regain its growth in 2021.
A rise in lifestyle diseases due to the increasing adoption of a
sedentary lifestyle is another factor majorly contributing to the market
growth. Lifestyle diseases such as ischemic heart diseases, cerebrovascular
diseases, orthopedic disorders, cancers, and mental illness are constantly
rising, globally. This continuous rise in the prevalence of lifestyle diseases
and growing demand for a higher number of surgical procedures are driving the
market for surgical sutures.
The rise in healthcare expenditure by most countries and
improving healthcare infrastructure in emerging economies are expected to
promote patient footfall. In addition, technological advancement by key players
helps to initiate more precise procedures, which increases the success rate of
surgery. This is also leading to the growth of the market for surgical sutures.
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Surgical Sutures Market Segmentation
Grand View
Research has segmented the global surgical sutures market based on type,
filament, application, and region:
Surgical Sutures
Type Outlook (Revenue, USD Million, 2017 - 2030)
·
Absorbable
·
Non-absorbable
Surgical Sutures
Filament Outlook (Revenue, USD Million, 2017 - 2030)
·
Monofilament
·
Multifilament
Surgical Sutures
Application Outlook (Revenue, USD Million, 2017 - 2030)
·
Ophthalmic
Surgery
·
Cardiovascular
Surgery
·
Orthopedic
Surgery
·
Neurological
Surgery
·
Others
Surgical Sutures
Regional Outlook (Revenue, USD Million, 2017 - 2030)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa (MEA)
Market Share Insights
·
August 2021: Ethicon US,
LLC, which is a part of Johnson & Johnson, announced the launch of
ProxiSure™ Suturing Device in the U.S.
·
September 2020: Smith &
Nephew launched its HEALICOIL KNOTLESS Suture Anchor. With this, the company
aimed to grow its revolutionary line of advanced healing solutions for rotator
cuff repair.
Key
Companies profiled:
Some prominent players in the global
surgical sutures market include:
·
Covidien
·
Ethicon US, LLC. (Johnson &
Johnson Services, Inc.)
·
B. Braun Melsungen AG
·
Smith & Nephew
·
Integra Lifesciences
·
Peter Surgical
·
Internacional farmaceutica
·
CONMED CORPORATION
·
Sutures India Pvt. Ltd.
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a free sample PDF of the Surgical
Sutures Market Intelligence Study, published by Grand View Research.
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