Surgical Sutures Market - Forecast, COVID-19 Impact, Trend Analysis & Competition Tracking - Global Insights 2018-2033

Increased Surgical Procedures Offers Significant Opportunities for the Industry

The increasing prevalence of knee and hip replacements, bypass procedures, and aesthetic cosmetic treatments is driving the demand for this device, which enables faster wound healing. According to the American Academy of Orthopaedic Surgeons' 2021 report, there were approximately 2.2 million hip and knee replacements performed in the United States. Furthermore, research from the National Centre for Biotechnology Information reveals that around 30% of elderly individuals experience falls each year due to mobility challenges, leading to a rise in the number of people seeking knee replacement surgery. In terms of market dynamics, the industry exhibits a slight consolidation, with a few key companies capturing a significant portion of the revenue. These leading companies are actively engaged in the development of innovative products to solidify their market position. Moreover, they are focused on expanding their presence in various regions through strategic partnerships, product launches, and collaborative initiatives.

An example of such efforts is demonstrated by Ethicon US, LLC, a subsidiary of Johnson & Johnson, which introduced the ProxiSureTM Suturing Device in the United States in August 2021. This highlights the commitment of major players to introducing advanced medical devices that can enhance surgical procedures and patient outcomes. Overall, the rising demand for knee and hip replacements, along with other medical procedures, is driving the growth of the wound repair device market. The industry's consolidation and the focus on product innovation by leading companies indicate a competitive landscape with opportunities for market expansion and improved patient care.

Minimally Invasive Cosmetic Surgeries Are Expected to Drive Market Growth

The market is poised for growth due to the increasing demand for less-invasive cosmetic plastic surgery, which presents favorable opportunities for the expansion of the surgical sutures market. The United States alone witnesses around 15 million cosmetic surgery treatments annually, with over 13 million of them being minimally invasive procedures. Moreover, global caesarean section rates have surged from 7% in 1990 to 21% presently, and this trend is expected to continue exponentially in the coming decade, further driving the market growth. The escalating prevalence of obesity worldwide, affecting 13% of the population, and with 39% of adults classified as overweight, is contributing to the rising demand for bariatric surgery. Consequently, there is an increased need for surgical sutures utilized in bariatric procedures, amplifying the market's rapid expansion.

Adoption of Advanced Sutures to Cater for Unmet Needs Is A Vital Trend

The innovation of surgical sutures with cutting-edge features such knotless barbed sutures, elastic and electronic sutures, and bioactive sutures. In the near future, the accessibility of such feature-rich surgical sutures is expected to drive the global surgical sutures market. Ankle and foot fractures are among the most common types of injuries treated by orthopaedic teams globally. In orthopaedic surgery, suture materials are used to close wounds and repair fascia, ligaments, tendons, muscles, joint capsules, and tension band of specific fractures. Participation in sports and interest in different workouts and physical activities among children and adults has recently grown, leading to the majority of orthopaedic injury incidents. According to the National Safety Council's (NSC) facts and numbers for injury in the United States 2021 study, bicycle caused around 375,797 injuries, whereas exercising, with or without equipment, caused approximately 409,224 injuries. These rising numbers of injuries mostly contribute to soft tissue injury, particularly tendons, creating a need for more orthopaedic closure procedures. As a result, the orthopaedic surgery category is expected to increase rapidly throughout the forecast period.

Alternatives Treatment Options and Post-Surgical Complications Will Limit Market Growth

The availability of alternatives to wound care management solutions may slow the market's growth. Surgical sutures can be substituted by topical skin adhesives, hemostatic and sealing agents (such as surgical sealants, fibrin sealants, human fibrinogen, gelatin-based sealants and thrombin fleeces), and wound closure instruments (such as stapling devices, ligating clips, and wound closure strips). Some restrictions, such as cross-hatched markings, surgical site infection and the costly expense of antibacterial devices, are limiting surgeons' use of sutures. For instance, according to National Centre for Biotechnology Information statistics, about 5.0% of patients undergoing multiple surgeries each year acquire surgical site infection as a result of bacteria in the sutures. However, the surgical sutures market is projected to be hampered by a lack of skilled surgeons and high product costs. Non-absorbable polytetrafluoroethylene sutures called "TEFLENE" were introduced by Dolphin Sutures Company in April 2021. It is a non-absorbable monofilament suture material comprised of a strand of polytetrafluoroethylene. Additionally, the firm announced an expansion of its product offering in India. B. Braun Melsungen AG, CO CORPORATION, Covidien, Ethicon US, LLC. (Johnson & Johnson Services, Inc.), Integra Lifesciences, Internacional farmaceutica, Peter Surgical, Smith & Nephew and Sutures India Pvt. Ltd. are some of the key market participants in the global surgical sutures market.

Increasing Geriatric Population in North America Fuels Market Development

North America is a significant contributor to the market, owing to an increase in musculoskeletal problems and increasing incidence of sports-related injuries, as well as an increase in bariatric operations and chronic diseases in the region. As reported by the Population Reference Bureau, the number of Americans aged 65 and more will almost double from 52 Mn in 2018 to 95 Mn by 2060. Another reason contributing to the growth of the surgical sutures market is the increasing geriatric population, which causes an increase in chronic diseases, which leads to surgeries and hence boosts the demand for surgical sutures. This is projected to fuel the region's market expansion. There is an increase in the number of road accidents, which is leading to an increase in the number of orthopaedic injuries. According to the US Department of Transportation, an estimated 20,160 individuals were killed in motor vehicle crashes in the first six months of 2021, an increase of 18.4% over 2020. For instance, the Centres for Disease Control and Prevention (CDC) forecasts that the incidence of doctor-diagnosed arthritis will rise in the next decades. An estimated 78.4 Mn persons aged 18 and older (25.9% of the estimated total adult population) would have doctor-diagnosed arthritis by 2040. As a result, the usage of these devices in healthcare settings is increasing, and the market in this region is expanding significantly.

The report provides a detailed overview of the surgical sutures market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for surgical sutures market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the surgical sutures market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the surgical sutures market. Some key country and region included in the surgical sutures market report as follows:

North America (U.S., Canada)

Latin America (Mexico, Argentina, Brazil, Peru, Chile)

Europe (Germany, France, Italy, U.K., BENELUX, Nordics, Spain, Poland, Russia, CIS)

Asia Pacific (China, ASEAN, India, Japan, South Korea)

Oceania (Australia, New Zealand)

Middle East and Africa (South Africa, GCC Countries, Turkey, Israel, Iran)

The Surgical Sutures Market Research Report Covers In-depth Analysis on:

·         Surgical sutures market segments

·         Surgical sutures market dynamics

·         Surgical sutures market value and share analysis

·         Recent trends, restraints, opportunities in surgical sutures market

·         Companies & competition involved surgical sutures market

·         Latest technologies in surgical sutures market

·         Supply chain and value chain surgical sutures market

·         Surgical sutures market sales and distribution strategies

Surgical Sutures Market Growth Highlights:

·         A comprehensive overview of parent market

·         Market dynamics, demand and trends in the industry

·         Current, historical and anticipated market size in terms of volume

·         In-depth market segmentation

·         Competition landscape

·         Key strategies of leading companies and product portfolio

·         Surgical sutures industry trends and developments

·         Potential and country, regions and segments exhibiting future growth

·         A detailed viewpoint on surgical sutures market forecast by countries

·         Essential information to enhance market position