Surgical Suture Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Surgical Suture Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Surgical Suture market, with forecasts outspreading to the year 2030.
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Estimated Growth Rate for Surgical Suture Market
The surgical suture market was estimated to be worth USD 4.70 billion in 2023, and it is anticipated that overall surgical suture revenue will increase by 6.1% between 2024 and 2030, to reach almost USD 7.11 billion.
Surgical Suture Market Scope and Methodology:
The method used in the report to give investors relevant information is a combination of descriptive analysis and SWOT analysis. Presenting a comprehensive image of the Surgical Suture market is the study's main objective. The data collection process makes use of a variety of methods, such as questionnaires and surveys. Mathematical, statistical, and numerical techniques are then used to evaluate the data. Compiling and arranging data is crucial since identifying Surgical Suture market trends requires the application of both qualitative and quantitative research techniques.
By carefully examining the buyer-direct scenario, R&D projects, innovative forms of development, cutting-edge industry practices, and market consolidations and acquisitions, the research evaluates the potential futures of the market. The research includes charts, organizational portfolios, methods, and a critical evaluation of well-known corporate CEOs. Surgical Suture To determine market trends and provide microeconomic variables, the market conducted a thorough SWOT and PESTLE analysis.
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Surgical Suture Market Regional Insights
The evaluation of the market's prospective futures involves a thorough examination of various factors, including the buyer-direct scenario, R&D initiatives, creative forms of development, cutting-edge industry practices, and market consolidations and acquisitions. The study includes methods, organizational charts, portfolios, and a critical assessment of prominent business executives. Surgical Suture Market conducted a comprehensive SWOT and PESTLE analysis to identify market trends and offer microeconomic variables.
Surgical Suture Market Segmentation
by Type
Absorbable
Non-absorbable
Because of its ability to provide wounds with temporary support while they heal and its aptitude to withstand normal stress, the absorbable category had the greatest revenue share by type in 2023, accounting for nearly 56% of total sales. Additionally, the need for absorbable sutures is always rising, which may be connected to their natural degradability. Leading market participants are therefore investing in R&D, which should help the absorbable industry expand in the future. Non-absorbable sutures have a smaller market share than absorbable sutures since they cannot break down or degrade. When absorbable sutures cannot meet acceptable standards, these sutures are mostly utilized in hostile interior locations. These sutures are mostly used for long-term closures or in tissues that recover slowly.
by Filament
Cardiovascular Surgery
General Surgery
Gynecological Surgery
Orthopedic Surgery
Ophthalmic Surgery
Cosmetic & Plastic Surgery
Other
With a sales share of more than 50% in 2023, Filament's multifilament category led the market. The multifilament sector is also anticipated to develop at the fastest rate during the projection period. This is because of the advantages of the multifilament strands, which include increased flexibility, pliability, and tensile strength. Monofilament sutures are challenging to work with because of their endurance, which can lead to unintended and early suture failure during surgery, as well as suture crushing or crimping. Monocryl, nylon, prolene, and polydioxanone are among the materials used to make monofilament sutures. These sutures have poor knot security, but they are less likely to produce infection. These factors are restricting the growth of monofilament sutures.
by Application
Cardiovascular Surgery
General Surgery
Gynecological Surgery
Orthopedic Surgery
Ophthalmic Surgery
Cosmetic & Plastic Surgery
Other
With a revenue share of more than 41% in 2023, the other segment led the surgical suture market by application. The segment that generated the second-largest revenue share in 2023 was cardiovascular surgery. This is because cardiac problems are quite common, there is sufficient competence in the sector, reimbursement conditions are good, and diagnostics have advanced. Throughout the projection period, the demand for surgical sutures will rise as a result of the significant increase in cardiac surgeries. In 2023, orthopedic surgery became the third-largest application field, and it is anticipated to expand quickly over the next several years.
by End-User
Hospitals
Ambulatory Surgical Centers (ASCs)
Clinics & Physician Offices
Table of Content: Surgical Suture Market
Part 01: Executive Summary
Part 02: Scope of the Surgical Suture Market Report
Part 03: Global Surgical Suture Market Landscape
Part 04: Global Surgical Suture Market Sizing
Part 05: Global Surgical Suture Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Surgical Suture Market Key Players
1. Medtronic plc (US)
2. Johnson & Johnson (US)
3. Sutumed (US)
4. Vital Sutures (US)
5. Unilene (US)
6. Riverpoint Medical (US)
7. CONMED Corporation (US)
8. Boston Scientific Corporation (US)
9. DemeTECH Corporation (US)
10. Stryker Corporation (US)
11. Zimmer Biomet (US)
12. Advanced Medical Solutions Group plc (UK)
13. Smith & Nephew (UK)
14. B. Braun Melsungen (Germany)
15. Peters Surgical (France)
16. Genia SA (France)
17. Mellon Medical (Netherlands)
18. Biosintex (Romania)
19. Dolphin Sutures (India)
20. Healthium MedTech (India)
21. GPC Medical (India)
22. Lotus Surgicals (India)
23. CPT Sutures (Vietnam)
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-surgical-suture-market/16660/
Key questions answered in the Surgical Suture Market are:
- What is Surgical Suture ?
- What is the growth rate of the Surgical Suture Market?
- What was the Surgical Suture Market size in 2023?
- What are the upcoming opportunities and trends for the Surgical Suture Market?
- What are the different segments of the Surgical Suture Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Surgical Suture Market?
- What segments are covered in the Surgical Suture Market?
- Which are the factors expected to drive the Surgical Suture Market growth?
- What growth strategies are the players considering to increase their presence in Surgical Suture ?
- Who are the leading companies and what are their portfolios in Surgical Suture Market?
- Who are the key players in the Surgical Suture market?
- What is the CAGR at which the Surgical Suture market will grow during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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