The global Absorbable and Non-Absorbable Sutures Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Absorbable and Non-Absorbable Sutures market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the absorbable and non-absorbable sutures market which is USD 3.6 billion in 2022, is expected to reach USD 5.74 billion by 2030, at a CAGR of 6% during the forecast period 2023 to 2030.
Top Companies in the Global Absorbable and Non-Absorbable Sutures Market:
Thermo Fisher Scientific Inc. (U.S.), Siemens Healthcare GmbH (Germany), Seegene Inc (South Korea), FastSense Diagnostics (India), Curetis (Germany), SolGent Co., Ltd (South Korea), Mologic (U.S.), Abbott (U.S.), altona Diagnostics GmbH (India), F. Hoffmann-La Roche Ltd (Switzerland), QIAGEN (Germany), BioMaxima (France), CTK Biotech, Inc (U.S.), VivaChek Biotech (Hangzhou) Co., Ltd. (India), Sensing Self, PTE. Ltd (Singapore), Hangzhou Biotest Biotech Co., Ltd. (China), B. Braun SE (Germany), Smith+Nephew (U.K.), Integra LifeSciences Corporation (U.S.), Boston Scientific Corporation (U.S.), Medtronic (Ireland), Surgical Specialties Corporation (U.S.), among others.
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Market Segmentation:
The absorbable and non-absorbable sutures market is segmented on the basis of product type, surgery type and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Automated Suturing Devices
- Disposable
- Reusable
- Sutures
- Absorbable
- Natural
- Synthetic
- Non-absorbable
- Nylon
- Prolene
- Stainless steel
Surgery Type
- Cardiovascular
- Orthopedic
- Gynecology
- Opthalmology
- General Surgery
- Others
End Users
- Hospitals
- Ambulatory Centers
- Clinics
- Community Healthcare
- Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America dominates the absorbable and non-absorbable sutures market due to the growing government investment for enhancement of healthcare infrastructure.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the rise in the demand for efficient and minimal invasive surgery and technological advancements in this region due to the increasing number of cases of chronic disorders and trauma surgeries in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The absorbable and non-absorbable sutures market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for absorbable and non-absorbable sutures market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the absorbable and non-absorbable sutures market. The data is available for historic period 2011-2021.
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Market Dynamics
- Rising geriatric population and increasing number of surgeries
The non-absorbable suture market is expected to expand rapidly due to an ageing population and an increase in the number of surgeries. According to The American Geriatrics Society, the population of people 65 and older in the United States is rapidly growing, with the number expected to double to 89 million between 2010 and 2050. The rise in the number of surgical procedures is due to an increase in cardiovascular disease cases and people's desire to improve their physical appearance (thus increasing the number of cosmetic surgical procedures). In 2018, more than 17.7 million surgical and minimally invasive cosmetic procedures were performed in the United States, according to the American Society of Plastic Surgeons (ASPS).
- Increasing number of road accidents
According to the World Health Organization, road traffic accidents kill approximately 1.3 million people and injure between 20 and 50 million more. Non-absorbable surgical sutures are required for the closure of wounds and injuries sustained in an accident. As a result, an increase in the number of accidents is likely to increase the demand for sutures.
Opportunities
- Rising number of cosmetic (plastic) surgeries
According to the WHO, there will be more than 1.5 billion people aged 60 and up by 2050. This will primarily increase the number of cosmetic (plastic) surgeries and cardiovascular procedures (where there is significant blood loss), supporting demand for non-absorbable sutures. Another major factor driving market growth is technological innovation, which includes the refinement of suturing materials through the availability of sutures designed for specific surgical procedures, eliminating some of the difficulties that surgeons previously encountered during closure and decreasing post-operative infections. For instance, Covidien PLC (U.S.), introduced the V-Loc PBT Polybutester, the first non-absorbable, uni-directional barbed suture, which enabled efficient over sewing of staple lines and assisted in closing incisions efficiently to improve wound closure surgeries.
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