Surgical Sutures Market Growth, Analysis, and Forecast by 2031

The surgical sutures market size is projected to reach US$ 6.28 billion by 2031 from US$ 4.04 billion in 2023. The market is expected to register a CAGR of 5.7% during 2023–2031. Growing technological advancements and product innovations in surgical sutures are likely to remain key trends in the market.

Surgical Sutures Market Analysis

The rise in cardiovascular surgeries, gynecological surgeries, general surgeries, and orthopedic surgeries across the globe are driving the surgical sutures market growth. Furthermore, the rising support from the government in providing proper healthcare facilities and growing domestic medical tourism in developing nations leads to a rise in the number of surgeries, which in turn boosts the market growth. However, the development of alternative products for surgical sutures that are non-invasive can restrain the market growth.

Surgical Sutures Market Overview

Sutures are essential for wound closure and healing. A shift in suture development, like using barbed or knotless sutures to increase suitability, is expected to drive market growth. The market is driven by increasing population aging, persistent diseases, increasing healthcare expenditures, increasing healthcare responsiveness, and the promotion of various government reimbursement policies. On the other hand, increased competition among key players and strict regulations on suture materials may hamper market growth.

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Surgical Sutures Market: Strategic Insights

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Surgical Sutures Market Drivers and Opportunities

Rise in the Number of Aesthetic Surgeries to Favor Market

The aesthetic surgery industry has grown and evolved in many parts of the world to meet the increasing demands of cultural trends. Nearly 13 million people worldwide have undergone surgical plastic surgery, according to a new report from the International Society of Aesthetic Plastic Surgery (ISAPS) titled “Global Survey on Aesthetic/Cosmetic Procedures.” According to the Aesthetic Surgery Society, surgical procedures in the United States alone increased by 54% in 2021. Over the last four years, there has been a 33% increase in cosmetic surgery, with surgical procedures increasing by 18.5%. Furthermore, the South and Central American countries are well-known destinations for medical tourism owing to the low cost of surgeries and medical facilities in comparison to other North American country such as the US. Considering the above-mentioned factors owing to the increasing number of aesthetic surgeries the demand for surgical sutures will rise which is likely to propel market growth.

Increasing Technological Developments in the Surgical Sutures

Surgical sutures are essential in wound care. Recent advances in sutures have expanded their applicability and effectiveness. The major advances in sutures are due to the development of materials based on their properties and capabilities for improving tissue convergence and wound closure. The biomedical application of sutures has been expanded due to advanced designs and materials. Emerging advances and trends in suture technology hold tremendous potential for clinical/surgical applications, including specialty procedures and wound care. The development of smart shape memory polymer (SMP) sutures can replace traditional sutures with self-tightening wound closures, reducing complexity for surgeons, especially in keyhole surgeries. Electronic sutures can monitor, detect, and activate typical biological responses in the body that would be efficient in improving the monitoring of local tissue health. Therefore, the technological development in the surgical sutures is expected to provide opportunities for the market in future.

Surgical Sutures Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Surgical Sutures market analysis are product and application.

• Based on product, the surgical sutures market is bifurcated into absorbable sutures and non-absorbable sutures. The absorbable sutures segment held the larger market share in 2023 and is expected to register the highest CAGR during the forecast period. The absorbable sutures segment is further divided into synthetic and natural. The synthetic sub-segment is further classified into polyglactin, poliglecaprone, polydioxanone, polyglycolic, and others. The non-absorbable sutures are categorized into steel, nylon, prolene, and others.
• By application, the market is segmented into cardiovascular surgery, gynecological surgery, ophthalmic surgery, orthopedic surgery, general surgery, and others. The cardiovascular surgery segment held the largest share of the market in 2023. However, the general surgery segment is anticipated to register highest CAGR during 2021–2031.

Surgical Sutures Market Share Analysis by Geography

The geographic scope of the Surgical Sutures market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the surgical sutures market. The surgical sutures market growth in North America is because of the growing number of market players that are focused on manufacturing surgical sutures due to the rising number of surgeries. The US held the largest market share in North America region. Cardiovascular disease (CVD) and stroke produce immense health burdens in the US leading to performing surgeries. The proliferating cases of the osteoarthritis and obesity in the US results in orthopedic surgeries. According to the American Joint Replacement Registry (AJRR) it is estimated that ~3.48 Mn people would be requiring knee replacement by 2030. Therefore, the rise in the number of surgeries for cardiovascular, orthopaedics, and cosmetics leads to the need for surgical sutures, thus, driving the market growth.

Surgical Sutures Market Regional Insights

The regional trends and factors influencing the Surgical Sutures Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Surgical Sutures Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Surgical Sutures Market Report Scope

Surgical Sutures Market Players Density: Understanding Its Impact on Business Dynamics

The Surgical Sutures Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Surgical Sutures Market are:

1. B. Braun Melsungen AG
2. Medtronic
3. Ethicon USA, LLC
4. Smith & Nephew
5. Atramat
6. Demetech Corporation

Disclaimer: The companies listed above are not ranked in any particular order.

Surgical Sutures Market News and Recent Developments

The Surgical Sutures market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Surgical Sutures market are listed below:

• KKR, a leading global investment firm, announced the signing of definitive agreements under which funds managed by KKR acquired Healthium MedTech Ltd. (“Healthium”), a leading Indian medical devices company, from an affiliate of Funds advised by Apax Partners LLP (“Apax”), a leading global private equity advisory firm. (Apax Partners, News, May 2024)
• Healthium Medtech announced the launch of TRUMASTM, a range of sutures to address the challenges associated with suturing during minimal access surgeries. TRUMASTM represents an innovative line of sutures intricately crafted to tackle the intricacies of suturing in minimal access surgeries. TRUMASTM propels patient care to unprecedented levels. By seamlessly integrating precision and innovation, it empowers surgeons to elevate their outcomes and define the future of surgical excellence. (EH News Bureau, News Magazine, August 2023)
• Origami Surgical announced the FDA clearance for four new suture materials to their StitchKit technology platform. These new materials give the surgeon additional flexibility when selecting their suture preference when utilizing StitchKit. (Source: ORIGAMI SURGICAL LLC, News, August 2021)

Surgical Sutures Market Report Coverage and Deliverables

The “Surgical Sutures Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Surgical Sutures market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Surgical Sutures market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Surgical Sutures market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Surgical Sutures market
• Detailed company profiles