New York, The global surgical sutures market was valued at USD 4.3 billion in 2021 and it is anticipated to grow up to USD 5.6 billion by 2031, at a CAGR of 2.6% during the forecast period.
Surgical suture is one of the most common medical devices used by doctors during surgeries. The suture helps in holding body tissues together after a surgery or an injury. The application of a suture essentially involves the use of a needle along with an attached thread. Surgical sutures are used to close wounds such as skin ulcers, neuropathic ulcers, pediatric cardiac surgery, and diabetic ulcers. These sutures cause less reaction and provide better passage of the thread through the tissue.
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Market Trends and Drivers
Increasing number of surgical procedures will augment the market growth. According to the WHO 2016 Report, the estimated mean global surgical rate was 4,469 operations per 100,000 people per year, with road accidents and associated trauma being the major cause of surgical treatment. According to the EC Factsheet 2017, globally, there are around 174 fatalities per million population every year. Furthermore, WHO data estimates that around 1.3 million people die each year on the roads. For every road accident-related death, there are 20 other persons who sustain non-fatal injuries that often require surgical intervention. The aging population is at a higher risk of chronic diseases and conditions and requires frequent surgeries. Adults aged 65 and above account for a large fraction of surgeries performed in the US. The rapid growth in the aging population and the growing incidence of various chronic diseases are expected to significantly drive the number of surgeries performed globally.
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Global Surgical Sutures Market Segmentation
- Ophthalmic Surgery
- Cardiovascular Surgery
- Orthopedic Surgery
- Neurological Surgery
Major Players in the Global Surgical Sutures Market
The key players in the market are Medtronic Plc (Ireland), Johnson & Johnson (US), Advanced Medical Solutions Group plc (UK), Stryker Corporation (U.S.), B. Braun Melsungen (Germany), Smith & Nephew (UK), Boston Scientific Corporation (US), Peters Surgical (France), DemeTECH Corporation (US) and Surgical Specialties Corporation (US), among others.
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