The global absorbable surgical sutures market is expected to generate considerable revenues for the period between 2018 and 2023 (forecast period) due to rise in the cases of injuries to soft tissues and skin. The notable increase in peripheral vascular surgery can bode well for the market growth till 2023. Increasing rate of musculoskeletal diseases and the rising rate of the elderly populace can influence its demand by a considerable amount. Low chances of wound infection is one of the primary driving factors of hospitals and clinics adopting absorbable surgical sutures.
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The efficacy shown by these sutures in major surgeries can bode well for the market till the end of the forecast period. Changing government regulations for surgical procedures as well as availability of treatment options for boomers can bode well for the market. Awareness of the product in emerging regions can present favorable growth opportunities to the players. The use of surgical anastomosis by doctors for creating a connection between tubes or blood vessels can magnify the demand for Absorbable Surgical Sutures Market Growth
Key players of the market include Smith & Nephew plc, 3M Healthcare, B. Braun Melsungen AG, W.L. Gore & Associates, Internacional Farmaceutica, S.A. de C.V., Ethicon Inc., EndoEvolution, LLC, Johnson & Johnson Private Limited, Sutures India Pvt. Ltd., Medtronic plc, Conmed Corporation, Boston Scientific Corporation, Péters Surgical, and DemeTECH Corporation.
The global absorbable surgical sutures market has been segmented on the basis of type, structure, application, and end-user.
On the basis of type, the market has been classified as synthetic and natural sutures. Synthetic sutures have been segmented into poliglecaprone suture (Monocryl), vicryl, and polydioxanone suture (PDS). Natural sutures have been segmented into collagen, catgut suture, and polyglycolic acid suture. Among synthetic, the PDS segment can command a high market demand due to its high tensile strength and extended wound support.
On the basis of structure, the market has been classified as monofilament and multifilament sutures.
On the basis of application, the market has been classified as general surgery, cardiovascular surgeries, gynecological surgeries, orthopedic surgeries, and other surgeries.
On the basis of end-users, the market has been classified as hospitals, clinics, ambulatory surgery centers, and others. The high volume of surgeries and first step in emergency care are likely to spike its demand among hospitals, ambulatory surgery centers, and clinics. Sutures are sterilized and safe for prolonged use and will witness high demand in the forthcoming years.
On the basis of region, the market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa (MEA).
North America is expected to dominate the market due to the region being an early adopter of latest medical technologies. The rising number of chronic diseases, rate of surgical procedures, and approval granted by federal agencies are factors driving the market growth.
The MEA region can exhibit a tremendous growth rate during the forecast period due to large number of countries investing sufficient funds to improve their healthcare infrastructure. Technological advances in the manufacturing process is likely to spell good fortunes for the market in the region. Development of the medical devices with polymers such as polylactic acid, polydioxanone, and polyester can augur favorably for the global absorbable surgical sutures market.