London, UK -- (SBWire) -- 03/25/2022 --A recent study by Triton Market Research titled 'Global Surgical Sutures Market,' covers the Global Analysis and Forecasts by Type (Monofilament, Multifilament), by Application (General Surgery, Ophthalmic Surgery, Cardiovascular Surgery, Orthopedic Surgery, Gynecology Surgery, Other Applications), by Product Type (Sutures [Absorbable Sutures {Natural Sutures, Synthetic Sutures (Monocryl Sutures, Polyglycolic Sutures, Polydioxanone Sutures, Vicryl Sutures, Other Synthetic Sutures)}, Non-absorbable Sutures {Nylon Sutures, Prolene Sutures, Stainless Steel Sutures, Other Non-absorbable Sutures}], Automated Suturing Device), and by Regional Outlook (North America; Europe; Asia-Pacific; Latin America; the Middle East and Africa), and Regional Outlook (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).
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Triton Market Research's report predicts the global surgical sutures market to showcase a CAGR of 5.74% in terms of revenue over the forecasting duration from 2021 to 2028, generating a revenue worth $5131.56 million by the year 2028.
Millions of major surgical procedures are performed every year, across the world. Moreover, a number of low-to-middle-income countries (LMICs) face a complex burden of infectious diseases, non-communicable diseases, neonatal diseases, maternal diseases, and injuries. This has boosted the surgical procedures being performed. The rise in surgeries is enhancing the demand for surgical sutures, in turn driving the growth of the studied market.
However, today, several alternative wound care treatments are available in the market, and they offer various benefits over sutures. This has become a huge challenge for the surgical sutures market.
The market for surgical sutures is segmented mainly into type, application, and product type. On the basis of type, it is classified into monofilament and multifilament. Whereas, on the basis of application, it is classified into general surgery, ophthalmic surgery, cardiovascular surgery, orthopedic surgery, gynecology surgery, and other applications.
The product type segment is categorized into sutures and automated suturing device. The sutures sub-segment is further bifurcated into absorbable sutures and non-absorbable sutures. Absorbable sutures include natural sutures and synthetic sutures. Synthetic sutures comprise monocryl sutures, polyglycolic sutures, polydioxanone sutures, vicryl sutures, and other synthetic sutures. Lastly, non-absorbable sutures consist of nylon sutures, prolene sutures, stainless steel sutures, and other non-absorbable sutures.
The market in the Asia-Pacific is expected to grow the fastest, globally, over the projected duration. A significant increase in the number of elderly people is being seen in countries like Japan. As a person ages, they are more likely to be affected by health conditions requiring surgical treatment. This is expected to influence the demand for sutures. Moreover, robotic surgeries are becoming increasingly popular in the Asia-Pacific, which is also driving their demand. All these factors are propelling the growth of the surgical sutures market.
Corza Medical, Internacional Farmaceutica SA De CV, Lotus Surgicals, Teleflex Incorporated, Advanced Medical Solutions Group Plc (AMS Group), Demetech Corporation, B Braun Melsungen AG, Conmed Corporation, Unisur Lifecare Pvt Ltd, Ethicon Inc (Johnson & Johnson), Boston Scientific Corporation, Medtronic Plc, Stryker Corporation, Smith & Nephew Plc, and Zimmer Biomet Holdings Inc are the established players in this market.
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Question & Answer: Surgical Sutures Market
Question 1: What is driving the growth of the surgical sutures market?
Answer: Millions of major surgical procedures are performed every year, across the world. Moreover, a number of low-to-middle-income countries (LMICs) face a complex burden of infectious diseases, non-communicable diseases, neonatal diseases, maternal diseases, and injuries. This has boosted the surgical procedures being performed. The rise in surgeries is enhancing the demand for surgical sutures, in turn driving the growth of the studied market.
Question 2: What is has become a huge challenge for the surgical sutures market?
Answer: Today, several alternative wound care treatments are available in the market, and they offer various benefits over sutures. This has become a huge challenge for the surgical sutures market.
Question 3: How is the Asia-Pacific influencing the growth of the surgical sutures market?
Answer: The market in the Asia-Pacific is expected to grow the fastest, globally, over the projected duration. A significant increase in the number of elderly people is being seen in countries like Japan. As a person ages, they are more likely to be affected by health conditions requiring surgical treatment. This is expected to influence the demand for sutures. Moreover, robotic surgeries are becoming increasingly popular in the Asia-Pacific, which is also driving their demand. All these factors are propelling the growth of the surgical sutures market.
Question 4: Which are the established players in the surgical sutures market?
Answer: Corza Medical, Internacional Farmaceutica SA De CV, Lotus Surgicals, Teleflex Incorporated, Advanced Medical Solutions Group Plc (AMS Group), Demetech Corporation, B Braun Melsungen AG, Conmed Corporation, Unisur Lifecare Pvt Ltd, Ethicon Inc (Johnson & Johnson), Boston Scientific Corporation, Medtronic Plc, Stryker Corporation, Smith & Nephew Plc, and Zimmer Biomet Holdings Inc are the established players in this market.
Related Report:
Global Surgical Robotics Market
The global surgical robotics market is likely to observe growth at a CAGR of 11.51% during the considered phase 2021-2028. It is assessed to gain $17445.28 million by 2028.
Robots in the healthcare field are changing the way surgeries are performed by streamlining activities, thereby freeing up time for healthcare providers to engage with patients. Surgical robotics offer a high level of patient care and a safe environment for patients as well as healthcare workers. These robots are more precise owing to advancements in motion control technology.
They also help surgeons perform complex micro-surgical procedures without making large incisions. The deployment of robots in the field of healthcare is rising due to increased technological capabilities, reduced costs, and a growing pressure to curb costs. In short, the adoption of medical robotics is improving surgical procedures and efficiencies in the healthcare industry.
