Surgical Suture Market is Estimated to Reach $6.85 Billion by 2034 | FactMR

Rapid Strides Being Made in Healthcare Technology to Offer Surgical Sutures with Superior Tissue-Holding Capabilities and Reduced Risk of Infection: Fact.MR Report


Rockville, July 08, 2024 (GLOBE NEWSWIRE) -- Worldwide revenue from the surgical suture market is set to reach US$ 4.73 billion in 2024 and ascend to US$ 6.85 billion, with a growing CAGR of 3.8% by 2034. Technological advancements such usage of different synthetic materials that have exceptional tissue-holding capacity and almost no risk of infection or scarring are key factors driving market growth.

Knotless, bioactive, antimicrobial, and electronic sutures have made it feasible to monitor for leaks and infections in the wound. With the continuous development of surgical sutures containing stem cells and drugs, medication delivery to the surgical site is becoming more efficient.

For More Insights into the Market, Download a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4065

Another important factor driving up the number of surgical procedures is the increasing number of accidents and trauma cases, which is contributing to the surgical suture market growth. To increase elective operations, hospitals, and ambulatory care centers are always coming up with new strategies, which increases demand for the target product.

Key Takeaways from Market Study

  • The global market for surgical sutures is projected to expand at a CAGR of 3.8% from 2024 to 2034.
  • The North American market is forecasted to reach US$ 2.52 billion by the end of 2034.
  • The South Asia & Pacific market is calculated to expand at a CAGR of 4.5% from 2024 to 2034.
  • By source, the synthetic surgical suture segment is calculated to reach a value of US$ 3.52 billion by 2034.
  • India is set to hold 53.3% market share in the South Asia & Pacific region in 2024.
  • The market in China is evaluated to expand at a CAGR of 5.3% through 2034.
  • The Japan surgical suture market is forecasted to reach US$ 330.1 million by the end of 2034.
  • Based on end users, demand for surgical sutures from hospitals is calculated to reach a market value of US$ 3.34 billion in 2024.
  • Sales of absorbable surgical sutures are forecasted to reach US$ 4.28 billion by the end of 2034.

“Efficacy and safety of surgical procedures are being improved via the use of sophisticated surgical sutures made from materials with superior tissue-holding capacities, which is driving market expansion,” says a Fact.MR analyst.

Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4065

Popularity of Absorbable Surgical Sutures Gaining Traction

Growing demand for absorbable surgical sutures is driven by their advanced wound closure capabilities. Absorbable sutures decrease the risk of complications as they naturally break down in the body over time, unlike non-absorbable sutures that require removal. This benefit improves patient comfort and convenience while reducing the risk of infection and tissue damage. By promoting tissue repair in the crucial early stages and gradually diminishing in strength as the wound heals, absorbable sutures expedite faster wound healing.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the surgical suture market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on product type (absorbable, non-absorbable), source (natural, synthetic, coated, uncoated), application (cardiovascular, general surgery, ophthalmic, orthopedic, dental, gastroenterology, gynecology, plastic surgery, veterinary), and end-user (hospital laboratories, specialized clinics, ambulatory surgical centers, veterinary hospitals, veterinary clinics), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).

Leading Players Driving Innovation in the Surgical Suture Market:

Key industry participants like Peters Surgical; Smith & Nephew Plc.; Johnson & Johnson; B. Braun; Boston Scientific Corporation; Medtronic Plc.; Arthrex Inc.; Sutures India Pvt. Ltd.; Centenial Surgical Suture Ltd.; Assut Medical S.r.L. are driving the surgical suture industry.

Checkout More Related Studies Published by Fact.MR Research:

Surgical Equipment Market is forecasted to expand at an impressive 8.6% CAGR to reach US$ 38.1 billion in revenue by 2033-end

Surgical Kits Market Analysis By Type (Disposable Surgical Kits & Reusable Surgical Kits) By Procedure, By End-Use and By Region – 2024 to 2034

The global surgical staplers market is projected to reach a value of US$ 7.3 billion by the end of the forecast period (2022-2030)

Global surgical mesh market is estimated to be valued at US$ 1.29 Bn in 2022 and is forecast to surpass US$ 2.2 Bn by 2032, expanding at a CAGR of 5.5%

Surgical gown market is predicted at US$ 1,614.3 Mn in 2024 and is expected to reach US$ 2,734.7 Mn, growing at a CAGR of 5.4% from 2024 to 2034

Worldwide revenue from the sales of surgical blades is estimated at US$ 163.5 million in 2024 and has been projected to increase at a CAGR of 3.3% to reach US$ 226.1 million by 2034

About Us:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

Follow Us: LinkedIn | Twitter | Blog

 

Contact Data