Surgical Suture Market

Ethicon, Inc. (US) and Medtronic plc (Ireland) are the Key Players in the Surgical Suture Market

The global surgical sutures market is projected to reach USD 4.9 billion by 2026 from USD 3.7 billion in 2021, at a CAGR of 6.0% from 2021 to 2026. The market for surgical sutures is witnessing steady growth primarily due to the increasing number of surgical procedures performed globally. The favorable reimbursement scenario for a number of surgical procedures and the launch of advanced sutures are further contributing to the growth of this market. However, the presence of alternative wound care management products and the growing preference for minimally invasive surgeries are some of the factors expected to limit the growth of this market to a certain extent.

In this report, the global surgical sutures market has been segmented on the basis of product, type, application, end user, and region

The prominent players in the surgical sutures  market are B Ethicon, Inc. (US), Medtronic plc (Ireland), B. Braun Melsungen AG (Germany), Smith & Nephew plc (UK), Boston Scientific Corporation (US), Peters Surgical (France), DemeTECH Corporation (US), Internacional Farmacéutica (Mexico), Sutures India (India), EndoEvolution, LLC (US), Apollo Endosurgery, Inc. (US), Surgical Specialties Corporation (US), and Mellon Medical B.V. (Netherlands).

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

Ethicon, Inc. (US) is the leading player in the surgical sutures market. The company’s broad portfolio of surgical suture products includes absorbable sutures, non-absorbable sutures, antibacterial coated plus series sutures, knotless tissue control devices, and automated suturing devices. The company adopts both organic and inorganic growth strategies such as product launches, collaborations, and acquisitions to maintain its leading position in the market. Ethicon is an innovation-centric company that focuses on research and development to develop technologically advanced products. For instance, in August 2017, the company launched an automated suturing device, PROXISURE, to expand its offerings in the wound closure segment and increase its customer base. The company also collaborated with DePuy Synthes in 2017 to introduce customized wound closure kits for use in orthopedic surgeries. This focus on product development is expected to enhance the company’s presence in the market during the forecast period.

Medtronic plc (Ireland) held the second position in the global surgical sutures market in 2019. The company’s leading position can be attributed to its vast portfolio of absorbable sutures, non-absorbable sutures, barbed sutures, and automated suturing devices. The company focuses on inorganic growth strategies to achieve growth. For instance, in January 2015, Medtronic plc acquired Covidien. This acquisition helped bring together the extensive and innovative capabilities of both Medtronic and Covidien. It also opened a new facility in Singapore in 2016 to strengthen and support Medtronic’s operations across 80 locations in the Asia Pacific region. This development helped the company to enhance its presence in the high-growth APAC market.

B. Braun Melsungen AG (Germany) held the third position in the global surgical sutures market in 2019. The company’s strong position can be attributed to its product portfolio and positive brand image in the market. The company offers an exhaustive portfolio of surgical sutures under its Aesculap division. The sutures offered by the company include absorbable sutures and non-absorbable sutures. The company focuses on expansions to achieve market growth. For instance, in November 2017, B. Braun Medical opened a new subsidiary, B. Braun Medical Zambia Limited, which helped expand the company’s presence in the African market, and enhanced its sales and revenues.

Related Reports:

Surgical Suture Market by Product (Automated Suturing Device (Disposable, Reuse), Suture Thread (Natural, Prolene, Stainless Steel, Antimicrobial)), Application (Cardiac, Gynae, Cosmetic, Ortho), End User (Hospital, ASC, Clinic) - Global Forecast to 2026

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
MD 5177
RI Published ON
3/31/2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Surgical Suture Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved