Surgical Sutures Market Size is poised to witness notable growth from 2022 to 2028 with the advent of innovative surgical techniques as well as increasing number of surgeries. This is majorly due to the rising cases of trauma and accidents across the globe. According to the World Health Organization (WHO), around 1.3 million people die in a road traffic crash every year whereas, nearly 20 to 50 million people suffer non-fatal injuries.
The rising accident cases as well as the increasing pervasiveness of various serious disorders are creating significant demand for surgical sutures across the healthcare settings. These surgical devices are used by surgeons to close wounds on the patients’ skin or other tissues which is a crucial part of wound healing and conclusion of the treatment procedure.
In terms of product type, automated suturing devices segment is projected to grow considerably over the forecast timeline. This can be ascribed to the shifting preference for automated suturing procedures over the traditional manual process as they are known to be simple, accurate, as well as quick. Moreover, they reduce the margin for human error. The increasing adoption of robot-assisted surgeries and ongoing research studies on them is also expected to foster the segmental growth. For instance, in 2020, researchers at the University of California, Berkeley in collaboration with Intel Corporation and Google Brain, trained robots to mimic surgical procedures using instructional videos.
Based on end-use, ambulatory surgical centers segment is anticipated to witness substantial growth over the analysis timeframe with increasing patient preference for these healthcare settings as they offer high-quality care at affordable cost. The increasing number of ambulatory surgical centers will stimulate the segmental growth over the upcoming years.
On the regional landscape, North America is expected to emerge as a significant growth hub for surgical sutures market over the coming years owing to the rising cases of chronic disorders leading to heightened demand for surgical procedures in the region. Besides, the increasing elderly population which is susceptible to chronic disorders is anticipated to support the market expansion further. According to the Canadian Chronic Disease Surveillance System statistics, the number of adults in the age group of 65 years and above in the country is estimated to reach 6.3 million by the end of 2021.
The major companies operating in surgical sutures market include Medtronic, B Braun, Johnson and Johnson, Smith & Nephew, Boston Scientific, and Sutures India.
These key players are largely focusing on the development of innovative product offerings to gain a competitive edge in the market. To illustrate, in 2020, global medical technology provider Smith+Nephew introduced the HEALICOIL KNOTLESS Suture Anchor to its existing portfolio of Advanced Healing Solutions for rotator cuff repair.
The emergence of COVID-19 pandemic and subsequent lockdown restrictions had affected surgical sutures market outlook at the beginning of the crisis due to a drop in the non-urgent surgery rates. However, the rate has bounced back and is at a pre-pandemic level as the healthcare facilities are practicing the required safety measures. This is expected to instigate the product demand and drive the industry growth over the foreseeable future.
Market, By Product
Market, By Suture Type
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries: