Surgical Suture Market

Surgical Suture Market by Product (Automated Suturing Device (Disposable, Reuse), Suture Thread (Natural, Nylon, Prolene, Stainless Steel, Silk)), Application (Cardiac, Gynae, Ophthalmic, Orthopedic), End User (Hospital, Clinic) - Global Forecast to 2023

Report Code: MD 5177 Oct, 2018, by marketsandmarkets.com

[174 Pages Report] The global surgical suture market is projected to reach USD 5.02 billion by 2023 form USD 3.86 billion by 2018, at a CAGR of 5.4% from 2018 to 2023. The global market for surgical sutures is witnessing steady growth primarily due to the increasing number of surgical procedures conducted, globally. The favorable reimbursement scenario for a number of surgical procedures and the launch of advanced sutures are further contributing to the market growth. The report segments the surgical sutures market by product, type, application, end user, and region.

Market Dynamics

Drivers

Technological advancements in suture designs and features

Over a period of time, there have been significant developments in the area of surgical sutures, such as the development of advanced materials and capabilities. Non-resorbable sutures with high biocompatibility, such as polytetrafluoroethylene (PTFE) sutures, are usually soft and smooth and help in preventing microdamage and bacterial colonization in the deep layers of a wound; surgical knots made using PTFE sutures are long-lasting and do not loosen easily.

The development of various advanced types of surgical sutures with enhanced features, such as knotless barbed sutures, antimicrobial sutures, antibacterial sutures, elastic and electronic sutures, and bioactive sutures (including drug-eluting and stem cell-seeded sutures) has led to their increased adoption in surgical procedures. For instance, in August 2016, Ethicon, Inc. (US) launched two new spiral barbed sutures—STRATAFIX Spiral PDS Plus and STRATAFIX Spiral Monocryl Plus. These antibacterial sutures facilitate fast wound healing, thus enabling rapid patient recovery. The development of drug-eluting surgical sutures has enabled drug delivery to the desired site, thereby offering significant potential for application in therapeutics and diagnostics. Due to the benefits offered by advanced suturing products, their applications and adoption among surgeons have increased significantly.

Restraints

Increasing preference for minimally invasive surgery

The preference for minimally invasive surgeries is increasing primarily due to the benefits associated with these procedures, including shorter hospital stays, faster recovery periods, and less bleeding and pain. The growing inclination for these procedures over conventional surgery has limited the use of surgical sutures, which may hinder market growth.

Laparoscopy, one of the most widely adopted minimally invasive surgeries, requires one or more small incisions (0.5–1.5 cm) in the abdomen or pelvic area. The small size of incisions in these surgeries eliminates the need for multiple stitches, thereby reducing the demand for surgical sutures. During a 10-year study period, the number of colorectal cases in the US increased from 3,114 in 2005 to 51,611 in 2014. A total of 277,376 colorectal cases were identified, of which 114,359 (41.2%) were performed laparoscopically.

The use of laparoscopy gradually increased each year, from 22.7% in 2005 to 49.8% in 2014 (Source: National Institute of Health). Furthermore, according to Eurostat, 2017, there is a high percentage of appendectomy procedures performed laparoscopically. Denmark, Germany, France, and Switzerland have approximately 80% of these procedures performed in laparoscopically in 2015.

Based on product, the surgical suture market is segmented sutures thread and automated suturing device. In 2018, the suture threads segment is expected to command the largest share of this market majorly due to the greater preference for suture threads for wound closure and their lower cost as compared to automated suturing devices.

Based on type, the market is segmented into monofilament and multifilament sutures. In 2018, the multifilament/braided segment is expected to account for the largest share of the surgical sutures market. The growth of this segment is driven by the increasing number of complex surgeries, rising geriatric population, and favorable reimbursement policies for hospital treatments.

Based on application, the market is segmented into cardiovascular surgery, gynecological surgery, orthopedic surgery, ophthalmic surgery, general surgery, cosmetic surgery, and other applications. In 2018, the cardiovascular surgery segment is expected to dominate the market. The largest share of this application segment can be primarily attributed to the large number of cardiovascular surgeries performed across the world as a result of the high prevalence of cardiovascular diseases (CVDs).

Based on the end user, the surgical suture market is segmented into hospitals, ambulatory surgical centers, and clinics & physician offices. Among these, the hospitals segment is expected to account for the largest market share in 2018. The large share of this segment is attributed to the increasing number of complex surgeries performed in hospitals, rising geriatric population, favorable reimbursement policies for hospital treatments, and increasing number of new hospitals established, especially in emerging countries.

Surgical Suture Market, by Region, 2023

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The surgical suture market is segmented into four major segments North America, Europe, Asia, and the Rest of the World (RoW). In 2018, North America is expected to account for the largest share of the market. On the other hand, Asia is expected to register the highest CAGR during the forecast period owing to the region’s growing medical tourism industry, rising prevalence of chronic diseases, and favorable reimbursement scenario. Moreover, the key surgical sutures manufacturers are also focusing on gaining a competitive edge in these high-growth markets, which is aiding the growth in Asia.

However, the presence of alternative Wound Care management products and growing preference for minimally invasive surgeries are some of the factors expected to limit the growth of the market to a certain extent.

The market is marked by the presence of several established as well as emerging players, such as Ethicon, Inc. (US), Medtronic plc (Ireland), B.Braun Melsungen AG (Germany), Smith& Nephew plc (UK), Boston Scientific Corporation (US), Pιters Surgical (France), DemeTECH Corporation (US), Internacional Farmacιutica (Mexico), Sutures India (India), EndoEvolution, LLC. (US), Apollo Endosurgery, Inc. (US), Surgical Specialties Corporation (US), and Mellon Medical B.V. (Netherlands).

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Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions for the Study

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Surgical Suture Market: Overview
    4.2 Surgical Sutures Market, By Product, 2018 vs 2023
    4.3 Geographic Analysis: Asian Market, By Application
    4.4 Market, By End User, 2018 vs 2023
    4.5 Geographic Snapshot: Market (2018-2023)

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Market Drivers
                    5.2.1.1 Increasing Number of Surgical Procedures
                    5.2.1.2 Technological Advancements in Suture Design, Features
                    5.2.1.3 Favorable Reimbursement Scenario
           5.2.2 Market Restraints
                    5.2.2.1 Increasing Preference for Minimally Invasive Surgery
                    5.2.2.2 Presence of Alternative Wound Care Management Products
           5.2.3 Opportunities
                    5.2.3.1 Low and Middle-Income Countries

6 Surgical Suture Market, By Product (Page No. - 42)
    6.1 Introduction
    6.2 Suture Threads
           6.2.1 Absorbable Sutures
                    6.2.1.1 Synthetic Sutures
                               6.2.1.1.1 Polyglactin 910 Sutures
                               6.2.1.1.2 Poliglecaprone 25 Sutures
                               6.2.1.1.3 Polydioxanone Sutures
                               6.2.1.1.4 Polyglycolic Acid Sutures
                               6.2.1.1.5 Other Synthetic Sutures
                    6.2.1.2 Natural Sutures
           6.2.2 Non-Absorbable Sutures
                    6.2.2.1 Nylon Sutures
                    6.2.2.2 Prolene Sutures
                    6.2.2.3 Stainless Steel Sutures
                    6.2.2.4 Other Non-Absorbable Sutures
    6.3 Automated Suturing Devices
           6.3.1 Disposable Automated Suturing Devices
           6.3.2 Reusable Automated Suturing Devices

7 Surgical Sutures Threads Market, By Type (Page No. - 58)
    7.1 Introduction
    7.2 Multifilament Sutures
    7.3 Monofilament Sutures

8 Surgical Suture Market, By Application (Page No. - 62)
    8.1 Introduction
    8.2 Cardiovascular Surgery
    8.3 General Surgery
    8.4 Gynecological Surgery
    8.5 Orthopedic Surgeries
    8.6 Ophthalmic Surgery
    8.7 Cosmetic & Plastic Surgery
    8.8 Other Applications

9 Surgical Suture Market, By End User (Page No. - 71)
    9.1 Introduction
    9.2 Hospitals
    9.3 Ambulatory Surgical Centers (ASCS)
    9.4 Clinics & Physician Offices

10 Surgical Suture Market, By Region (Page No. - 76)
     10.1 Introduction
     10.2 North America
             10.2.1 Us
             10.2.2 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 Uk
             10.3.3 France
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe
     10.4 Asia
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 Rest of Asia
     10.5 Rest of the World

11 Competitive Landscape (Page No. - 140)
     11.1 Overview
     11.2 Market Share Analysis
     11.3 Competitive Scenario
             11.3.1 Acquisitions
             11.3.2 Agreements and Collaborations
             11.3.3 Expansions
             11.3.4 Product Launches
             11.3.5 Other Developments (Venture Capital Investment)

12 Company Profiles (Page No. - 146)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     12.1 B. Braun Melsungen AG
     12.2 Medtronic PLC
     12.3 Ethicon Inc. (A Subsidiary of Johnson & Johnson)
     12.4 Boston Scientific Corporation
     12.5 Pιters Surgical
     12.6 Smith & Nephew
     12.7 Demetech Corporation
     12.8 Internacional Farmacιutica S.A. De C.V.
     12.9 Sutures India Pvt. Ltd.
     12.10 Endoevolution LLC
     12.11 Surgical Specialties Corporation (A Subsidiary of Angiotech Pharmaceuticals)
     12.12 Mellon Medical B.V.

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 167)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (192 Tables)

Table 1 Surgical Suture Market, By Product, 2016–2023 (USD Million)
Table 2 Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 3 Suture Threads Market, By Region, 2016–2023 (USD Million)
Table 4 Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 5 Absorbable Sutures Market, By Region, 2016–2023 (USD Million)
Table 6 Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 7 Synthetic Sutures Market, By Region, 2016–2023 (USD Million)
Table 8 Polyglactin 910 Sutures Market, By Region, 2016–2023 (USD Million)
Table 9 Poliglecaprone 25 Sutures Market, By Region, 2016–2023 (USD Million)
Table 10 Polydioxanone Sutures Market, By Region, 2016–2023 (USD Million)
Table 11 Polyglycolic Acid Sutures Market, By Region, 2016–2023 (USD Million)
Table 12 Other Synthetic Sutures Market, By Region, 2016–2023 (USD Million)
Table 13 Natural Sutures Market, By Region, 2016–2023 (USD Million)
Table 14 Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 15 Non-Absorbable Sutures Market, By Region, 2016–2023 (USD Million)
Table 16 Nylon Sutures Market, By Region, 2016–2023 (USD Million)
Table 17 Prolene Sutures Market, By Region, 2016–2023 (USD Million)
Table 18 Stainless Steel Sutures Market, By Region, 2016–2023 (USD Million)
Table 19 Other Non-Absorbable Sutures Market, By Region, 2016–2023 (USD Million)
Table 20 Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 21 Disposable Automated Suturing Devices Market, By Region, 2016–2023 (USD Million)
Table 22 Reusable Automated Suturing Devices Market, By Region, 2016–2023 (USD Million)
Table 23 Surgical Suture Market, By Type, 2016–2023 (USD Million)
Table 24 Multifilament Surgical Sutures Market, By Region, 2016–2023 (USD Million)
Table 25 Monofilament Market, By Region, 2016–2023 (USD Million)
Table 26 Market, By Application, 2016–2023 (USD Million)
Table 27 Cardiovascular Market, By Region, 2016–2023 (USD Million)
Table 28 General Market, By Region, 2016–2023 (USD Million)
Table 29 Number of C-Section Surgeries (2015 vs 2016)
Table 30 Gynecological Market, By Region, 2016–2023 (USD Million)
Table 31 Orthopedic Market, By Region, 2016–2023 (USD Million)
Table 32 Ophthalmic Market, By Region, 2016–2023 (USD Million)
Table 33 Cosmetic & Plastic Market, By Region, 2016–2023 (USD Million)
Table 34 Other Surgical Sutures Market, By Region, 2016–2023 (USD Million)
Table 35 Market, By End User, 2016–2023 (USD Million)
Table 36 Market for Hospitals, By Region, 2016–2023 (USD Million)
Table 37 Market for Ambulatory Surgical Centers, By Region, 2016–2023 (USD Million)
Table 38 Market for Clinics and Physician Offices, By Region, 2016–2023 (USD Million)
Table 39 Market, By Region, 2016–2023 (USD Million)
Table 40 North America: Market, By Country, 2016–2023 (USD Million)
Table 41 North America: Surgical Suture Market, By Product, 2016–2023 (USD Million)
Table 42 North America: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 43 North America: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 44 North America: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 45 North America: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 46 North America: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 47 North America: Surgical Suture Market, By Type, 2016–2023 (USD Million)
Table 48 North America: Market, By Application, 2016–2023 (USD Million)
Table 49 North America: Surgical Suture Market, By End User, 2016–2023 (USD Million)
Table 50 US: Market, By Product, 2016–2023 (USD Million)
Table 51 US: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 52 US: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 53 US: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 54 US: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 55 US: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 56 US: Surgical Suture Market, By Type, 2016–2023 (USD Million)
Table 57 US: Market, By Application, 2016–2023 (USD Million)
Table 58 US: Market, By End User, 2016–2023 (USD Million)
Table 59 Canada: Market, By Product, 2016–2023 (USD Million)
Table 60 Canada: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 61 Canada: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 62 Canada: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 63 Canada: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 64 Canada: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 65 Canada: Surgical Suture Market, By Type, 2016–2023 (USD Million)
Table 66 Canada: Market, By Application, 2016–2023 (USD Million)
Table 67 Canada: Surgical Suture Market, By End User, 2016–2023 (USD Million)
Table 68 Europe: Market, By Country, 2016–2023 (USD Million)
Table 69 Europe: Market, By Product, 2016–2023 (USD Million)
Table 70 Europe: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 71 Europe: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 72 Europe: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 73 Europe: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 74 Europe: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 75 Europe: Surgical Suture Market, By Type, 2016–2023 (USD Million)
Table 76 Europe: Market, By Application, 2016–2023 (USD Million)
Table 77 Europe: Market, By End User, 2016–2023 (USD Million)
Table 78 Germany: Surgical Suture Market, By Product, 2016–2023 (USD Million)
Table 79 Germany: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 80 Germany: Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 81 Germany: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 82 Germany: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 83 Germany: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 84 Germany: Market, By Type, 2016–2023 (USD Million)
Table 85 Germany: Surgical Suture Market, By Application, 2016–2023 (USD Million)
Table 86 Germany: Market, By End User, 2016–2023 (USD Million)
Table 87 UK: Market, By Product, 2016–2023 (USD Million)
Table 88 UK: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 89 UK: Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 90 UK: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 91 UK: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 92 UK: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 93 UK: Surgical Sutures Market, By Type, 2016–2023 (USD Million)
Table 94 UK: Market, By Application, 2016–2023 (USD Million)
Table 95 UK: Market, By End User, 2016–2023 (USD Million)
Table 96 France: Market, By Product, 2016–2023 (USD Million)
Table 97 France : Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 98 France: Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 99 France: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 100 France: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 101 France: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 102 France: Surgical Suture Market, By Type, 2016–2023 (USD Million)
Table 103 France: Market, By Application, 2016–2023 (USD Million)
Table 104 France: Surgical Sutures Market, By End User, 2016–2023 (USD Million)
Table 105 Italy: Market, By Product, 2016–2023 (USD Million)
Table 106 Italy: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 107 Italy: Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 108 Italy: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 109 Italy: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 110 Italy: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 111 Italy: Surgical Sutures Market, By Type, 2016–2023 (USD Million)
Table 112 Italy: Market, By Application, 2016–2023 (USD Million)
Table 113 Italy: Market, By End User, 2016–2023 (USD Million)
Table 114 Spain: Market, By Product, 2016–2023 (USD Million)
Table 115 Spain: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 116 Spain: Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 117 Spain: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 118 Spain: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 119 Spain: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 120 Spain: Market, By Type, 2016–2023 (USD Million)
Table 121 Spain: Market, By Application, 2016–2023 (USD Million)
Table 122 Spain: Surgical Sutures Market, By End User, 2016–2023 (USD Million)
Table 123 Number of C-Section Surgeries (2015 vs 2016)
Table 124 RoE: Market, By Product, 2016–2023 (USD Million)
Table 125 RoE: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 126 RoE: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 127 RoE: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 128 RoE: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 129 RoE: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 130 RoE: Surgical Sutures Market, By Type, 2016–2023 (USD Million)
Table 131 RoE: Surgical Suture Market, By Application, 2016–2023 (USD Million)
Table 132 RoE: Market, By End User, 2016–2023 (USD Million)
Table 133 Asia: Market, By Country, 2016–2023 (USD Million)
Table 134 Asia: Market, By Product, 2016–2023 (USD Million)
Table 135 Asia: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 136 Asia: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 137 Asia: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 138 Asia: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 139 Asia: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 140 Asia: Surgical Suture Market, By Type, 2016–2023 (USD Million)
Table 141 Asia: Market, By Application, 2016–2023 (USD Million)
Table 142 Asia: Market, By End User, 2016–2023 (USD Million)
Table 143 China: Market, By Product, 2016–2023 (USD Million)
Table 144 China: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 145 China: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 146 China: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 147 China: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 148 China: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 149 China: Surgical Suture Market, By Type, 2016–2023 (USD Million)
Table 150 China: Market, By Application, 2016–2023 (USD Million)
Table 151 China: Market, By End User, 2016–2023 (USD Million)
Table 152 India: Market, By Product, 2016–2023 (USD Million)
Table 153 India: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 154 India: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 155 India: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 156 India: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 157 India: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 158 India: Surgical Suture Market, By Type, 2016–2023 (USD Million)
Table 159 India: Market, By Application, 2016–2023 (USD Million)
Table 160 India: Surgical Sutures Market, By End User, 2016–2023 (USD Million)
Table 161 Japan: Market, By Product, 2016–2023 (USD Million)
Table 162 Japan: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 163 Japan: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 164 Japan: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 165 Japan: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 166 Japan: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 167 Japan: Market, By Type, 2016–2023 (USD Million)
Table 168 Japan: Market, By Application, 2016–2023 (USD Million)
Table 169 Japan: Market, By End User, 2016–2023 (USD Million)
Table 170 RoA: Market, By Product, 2016–2023 (USD Million)
Table 171 RoA: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 172 RoA: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 173 RoA: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 174 RoA: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 175 RoA: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 176 RoA: Surgical Suture Market, By Type, 2016–2023 (USD Million)
Table 177 RoA: Market, By Application, 2016–2023 (USD Million)
Table 178 RoA: Surgical Suture Market, By End User, 2016–2023 (USD Million)
Table 179 RoW: Market, By Product, 2016–2023 (USD Million)
Table 180 RoW: Suture Threads Market, By Type, 2016–2023 (USD Million)
Table 181 RoW: Absorbable Sutures, By Type, 2016–2023 (USD Million)
Table 182 RoW: Synthetic Sutures Market, By Type, 2016–2023 (USD Million)
Table 183 RoW: Non-Absorbable Sutures Market, By Type, 2016–2023 (USD Million)
Table 184 RoW: Automated Suturing Devices Market, By Type, 2016–2023 (USD Million)
Table 185 RoW: Market, By Type, 2016–2023 (USD Million)
Table 186 RoW: Market, By Application, 2016–2023 (USD Million)
Table 187 RoW: Surgical Suture Market, By End User, 2016–2023 (USD Million)
Table 188 Acquisitions (2015-2018)
Table 189 Agreements and Collaborations (2015-2018)
Table 190 Expansions (2015-2018)
Table 191 Product Launches (2015-2018)
Table 192 Other Developments (Venture Capital Investment)


List of Figures (33 Figures)

Figure 1 Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation Methodology
Figure 6 Surgical Suture Market, By Product, 2018 vs 2023 (USD Billion)
Figure 7 Suture Sutures Market, By Type, 2018 vs 2023 (USD Billion)
Figure 8 Surgical Suture Market, By Application, 2018 vs 2023 (USD Billion)
Figure 9 Market, By End User, 2018 vs 2023 (USD Billion)
Figure 10 Asia to Witness the Highest Growth Rate During the Forecast Period
Figure 11 Increasing Number of Surgical Procedures is Driving Market Growth
Figure 12 Automated Suturing Devices to Witness the Highest Growth During the Forecast Period
Figure 13 Cardiovascular Surgery to Be the Largest Application Segment of the Asian Surgical Suture Market in 2018
Figure 14 Hospitals to Dominate the Market During the Forecast Period
Figure 15 Asia to Witness the Highest Growth During the Forecast Period
Figure 16 Surgical Suture Market: Drivers, Restraints, and Opportunities
Figure 17 Automated Suturing Devices Segment to Register Higher Growth During the Forecast Period (2018–2023)
Figure 18 Absorbable Sutures Segment to Grow at the Highest CAGR During the Forecast Period
Figure 19 Multifilament Sutures to Hold Largest Share of the Market in 2018
Figure 20 Cardiovascular Surgery Segment to Dominate the Market During the Forecast Period
Figure 21 Hospitals to Dominate the Market During the Forecast Period
Figure 22 North America: Market Snapshot
Figure 23 Europe: Market Snapshot
Figure 24 Asia: Market Snapshot
Figure 25 RoW: Surgical Suture Market Snapshot
Figure 26 Key Developments in Surgical Suture Market From 2015 to 2018
Figure 27 Market Share Analysis, By Key Player, 2017
Figure 28 Market Evolution Framework
Figure 29 B. Braun Melsungen AG: Company Snapshot (2017)
Figure 30 Medtronic PLC: Company Snapshot (2017)
Figure 31 Johnson & Johnson : Company Snapshot (2017)
Figure 32 Boston Scientific Corporation:Company Snapshot (2017)
Figure 33 Smith and Nephew PLC : Company Snapshot (2017)

To get more details on this report, Download PDF Brochure

The study involved four major activities in estimating the current size of the global market. Exhaustive secondary research was done to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing values with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary research was mainly used to identify and collect information for the extensive, technical, market-oriented, and commercial study of the global surgical sutures market. Secondary sources include directories; databases such as Bloomberg Business, Factiva, and Wall Street Journal; white papers; and annual reports were also used to obtain key information about major players, market classification, and segmentation according to industry trends, regional/country-level markets, market developments, and technology perspectives.

Primary Research

In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify the critical qualitative and quantitative information as well as assess prospects of the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is a breakdown of primary respondents:

Surgical Suture Market: Breakdown of Primary Interviews

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the global surgical suture market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:  

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The revenue generated from the sale of surgical sutures and automated suturing devices by leading players has been determined through primary and secondary research.  
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the market size estimation process, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Research Objectives

  • To define, describe, and forecast the global market on the basis of product, type, application, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia, and the Rest of the World (RoW)
  • To strategically profile key players and comprehensively analyze their product portfolios, market positions, and core competencies
  • To track and analyze competitive developments such as acquisitions; new product launches; expansions; agreements, partnerships, and collaborations; and acquisitions in the market

Scope of the report

Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value (USD)

Segments covered

Product, Type, Application, End User, And Region

Geographies covered

North America (US and Canada), Europe (Germany, UK, France, Italy, Spain and RoE), Asia (China, India, Japan and Rest of Asia, and the Rest of the World

Companies covered

Ethicon, Inc. (a subsidiary of Johnson and Johnson), Medtronic plc (Ireland), B.Braun Melsungen AG (Germany), Smith& Nephew plc (UK), Boston Scientific Corporation (US), Pιters Surgical (France), DemeTECH Corporation (US), Internacional Farmacιutica (Mexico), Sutures India (India), EndoEvolution, LLC. (US), Apollo Endosurgery, Inc. (US), Surgical Specialties Corporation (US), and Mellon Medical B.V. (Netherlands)

Scope of the Report

This report categorizes the market into the following segments and subsegments:

Market, by Product

  • Suture Threads
    • Absorbable Sutures
      • Natural Sutures
      • Synthetic Sutures
        • Polyglactin 910 Sutures
        • Poliglecaprone 25 Sutures
        • Polydioxanone Sutures
        • Polyglycolic Acid Sutures
        • Other Synthetic Sutures
    • Non-absorbable Sutures
      • Nylon Sutures
      • Prolene Sutures
      • Stainless Steel Sutures
      • Other Non-absorbable Sutures 
  • Automated Suturing Devices
    • Disposable
    • Reusable  
  • Sutures Thread Market, by Type
    • Multifilament Sutures
    • Monofilament Sutures

Market, by Application  

  • Cardiovascular Surgery
  • General Surgery
  • Gynecological Surgery
  • Orthopedic Surgery
  • Ophthalmic Surgery
  • Cosmetic & Plastic Surgery
  • Other Applications

Market, by End User

  • Hospitals
  • Ambulatory Surgical Centers (ASCs)
  • Clinics & Physician Offices

Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • RoE
  • Asia
    • China
    • India
    • Japan
    • RoA (Rest of Asia)
  • Rest of the World (RoW)

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the company‘s specific needs.

The following customization options are available for this report.

Product Matrix

  • Product Matrix, which gives a detailed comparison of the product portfolios of each company

Geographic Analysis

  • Further breakdown of the RoW market for Pacific countries, Latin America, and the Middle East and Africa

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)
Report Code
MD 5177
Published ON
Oct, 2018
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