The global surgical sutures market was worth USD 4.2 billion in 2021 and is predicted to increase at a compound annual growth rate (CAGR) of 5.8% between 2022 and 2030. The COVID-19 epidemic shifted the healthcare focus. Healthcare practitioners concentrated their efforts on COVID-19-infected patients, while the government implemented complete lockdowns to prevent the virus from spreading. To avoid getting infected with the virus, all elective procedures were postponed or canceled to prevent getting the virus, resulting in a shortage of surgical sutures. As a result of the COVID-19 pandemic epidemic, sales of surgical sutures fell precipitously in 2020.
In 2020, COVID-19 had a significant negative influence on the market. Surgical operations are projected to be performed considerably faster when economies start opening and countries return to normal. Hospitals and ambulatory care facilities are continually devising strategies to increase the number of elective procedures. This is being pursued by healthcare providers using telehealth assessment, screening technologies, and optimized coordination systems.
The growing frequency of chronic diseases increased the focus on medical device R&D capabilities, and adopting new healthcare technologies will drive the Absorbable And Non-Absorbable Suture market forward. Furthermore, rising road accidents worldwide would significantly impact market growth. Increasing medical and health tourism in countries like India and South Korea is also another critical element affecting the growth rate of Absorbable And Non-Absorbable Suture markets.
Type of Suture Market
Due to its capacity to offer temporary support to wounds while they heal and endure normal stress, the absorbable sector maintained a maximum revenue share of more than 55.0% in 2021. Furthermore, the requirement for absorbable sutures is increasing due to their natural degradability feature. As a result, leading market players are spending on R&D efforts, which is projected to assist the absorbable sector increase in the future.
Due to their incapacity to deteriorate or dissolve, non-absorbable sutures had a lower market share than absorbable sutures. These sutures are increasingly utilized in severe internal environments where absorbable sutures cannot provide the requirements. These sutures are primarily used in slow-healing tissues or for long-term closures.
The multifilament segment led the surgical suture market with a revenue share of more than 55.0% in 2021. During the projected period, the multifilament category is also predicted to expand rapidly. This is due to the potential advantages of the multifilament section, like improved pliability, high tensile strength, and flexibility.
Due to their memory, monofilament sutures are challenging to deal with and can cause crushing or crimping, and unwanted suture breakdown during surgery. Materials used in Monofilament Sutures include monocryl, nylon, prolene, and polydioxanone. These variables limit the monofilament suture growth.
Market Drivers of the Surgical and Non-Surgical Suture
- High geriatric population and Increasing Number of Operations
The market for non-absorbable sutures is predicted to grow substantially as the aging population and the number of surgeries rises. The number of people from 65 and older in the United States is fast expanding, and it is anticipated to quadruple to 89 million between 2010 and 2050, according to The American Geriatrics Society. The surge in surgical operations can be linked to a rise in cardiovascular disease incidence and people's desire to boost their physical appearance (thus increasing the amount of cosmetic surgical processes). As per the American Society of Plastic Surgeons, over 17.7 million surgical and minimally invasive cosmetic treatments were carried out in the United States in 2018.
- Rising of Road Accidents
According to the World Health Organization, road traffic accidents kill around 1.3 million people and injure about 20 and 50 million more. Non-absorbable surgical sutures are essential for closing accident wounds and injuries. Therefore, the demand for sutures will keep increasing along with the rising number of accidents.
Opportunities of the Market
- Increasing Cosmetic Surgery
The WHO predicts that by 2050, over 1.5 billion people will be aged 60 and up. This will vastly increase the amount of cosmetic (plastic) surgeries and cardiovascular treatments (which involve significant blood loss), boosting demand for non-absorbable sutures.
Another key driver of the market is technological advancement, which involves the improvement of suturing materials through the accessibility of sutures made for specific surgical procedures, eradicating some of the challenges earlier experienced by surgeons during closure and reducing post-operative infections. Covidien PLC (U.S.), for example, launched the V-Loc PBT Polybutester. This first non-absorbable, uni-directional barbed suture permitted effective over-sewing of staple lines and aided in sealing incisions effectively to enhance wound closure surgery.
- Primary Challenges of the Market
High maintenance costs and a lack of product advancement will slow market growth. The industry will face challenges due to the need for more competent healthcare professionals and an unfavorable reimbursement situation. Furthermore, increasing manufacturer pricing pressure and widespread availability and demand for sophisticated wound closure materials will work as market constraints, slowing the market's growth.
Key Players of the Absorbable and Non-Absorbable Sutures Market
The market is significantly consolidated, with a few significant firms accounting for the majority of revenue. The top businesses are developing new items to establish a strong market position. They intend to grow their regional reach through partnerships, product launches, and collaborations. Smith & Nephew introduced its HEALICOIL KNOTLESS Suture Anchor in September 2020.
Few key players in the global surgical sutures market are
- Smith & Nephew
- Sutures India Pvt. Ltd.
- Integra Lifesciences
- Peter Surgical
- CONMED CORPORATION
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