Sutures, also known as stitches, are specialized medical devices that are used to hold skin, internal organs, blood vessels and all other tissues of the human body together after they have been severed or cut during injury or surgery. Sutures are generally made from materials such as polyglactin 910, polyglycolic acid, polyester, polypropylene, nylon, stainless steel and silver. Staples, wound closure strips and tissue adhesives are some alternate methods of wound closure as compared to sutures.
The global sutures market is estimated to be valued at US$ 4601.84 billion in 2024 and is expected to exhibit a CAGR of 9.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
The global sutures market is witnessing significant growth due to growing prevalence of chronic diseases such as cancer, diabetes which has increased the need for surgeries globally. Additionally, advancement in technology has enabled fast and effective wound management through suturing devices. Continuous technological developments in suture materials is also fostering the market growth.
Market Dynamics:
The growing digitalization and technological advancements are expected to flourish the sutures market during the forecast period. Advancements in digital surgery platform, robot-assisted surgery, virtual surgical planning, and integrated operating rooms are enabling improved accuracy and control compared to conventional suturing techniques. Also, computer-aided suturing devices with sensors are being developed which can suture wounds with higher precision and efficiency. Furthermore, bio-absorbable sutures embedded with anti-microbial properties and ability to dissolve over time are being developed which can improve wound healing and prevent infections. Suturing devices integrated with visualization systems are also gaining popularity in minimally invasive surgeries.
Segment Analysis
The global sutures market is segmented based on product, material, application, end-user and region. By product, the market is segmented into absorbable sutures and non-absorbable sutures. Among these, absorbable sutures dominated the market in 2020 owing to their biodegradable nature post healing. By material, the market is categorized into synthetic sutures and polymeric sutures. Synthetic sutures held the larger share of the market in 2020 due to their easy handling nature and strength. Based on application, the segmentation is done as cardiovascular surgeries, orthopedic surgeries, general surgeries, gynecology, ophthalmic surgeries, and others. General surgeries dominate the market due to rising number of surgeries such as appendectomies and hernia repair surgeries globally.
PEST Analysis
Political: The governments of various countries are focusing on improving healthcare infrastructure and providing universal healthcare which is positively impacting the market growth. However, stringent regulations for approval of new products may hinder the growth to some extent.
Economic: Rising per capita healthcare expenditure coupled with growing economy is propelling the market growth. However, high cost of surgeries in developed nations limits the market penetration.
Social: Increasing incidence of chronic diseases, accidents and trauma cases along with growing geriatric population needing surgical procedures worldwide is fueling the demand for sutures.
Technological: Advancements in suturing materials and introduction of antimicrobial coatings, tissue-friendly coatings and self-locking barbed sutures are augmenting the market growth. However, availability of alternative wound closure methods acts as a restraint.
Key Takeaways
The global sutures market is expected to witness high growth over the forecast period supported by rising surgical procedures across the world. By product, the absorbable sutures segment holds the highest share of the overall market owing to advantages like ease of usage and resorbability. The global sutures market is estimated to be valued at US$ 4601.84 Bn in 2024 and is expected to exhibit a CAGR of 9.2% over the forecast period 2024 to 2031.
Regional analysis
North America dominates the sutures market currently primarily due to rising prevalence of chronic disorders, constantly growing medical tourism industry in Mexico and availability of advanced healthcare facilities in the region. The Asia Pacific region is projected to grow at the fastest rate during the forecast period due to expanding medical tourism industry, rising healthcare expenditure and increasing focus of key players to tap opportunities in developing Asian countries.
Key players
Key players operating in the sutures market are Carestream Health Inc., Siemens Healthineers AG, Shimadzu Corporations, MinXray, Koninklijke Philips NV, GE Healthcare, Canon Medical Systems, Envista Holdings Corporation, and FUJIFILM Holdings Corporation, among others. Carestream Health Inc. holds the leading position in the market among sutures companies globally.
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