Surgical Suture Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Surgical Suture market in 2021?

The global surgical suture market had a market size of USD 3.5 billion in 2021 and is expected to grow at a CAGR of 5.7% from 2021 to 2028. As a result, the market is anticipated to reach USD 5.2 billion by 2028.

COVID-19 Impact on the Surgical Suture Market

The COVID-19 pandemic had a significant impact on the surgical suture market. Due to the overload of healthcare systems with COVID-19 patients, elective surgeries were postponed, leading to a temporary decline in the demand for surgical sutures. However, as the healthcare system stabilized and surgeries resumed, the market started to recover. The pandemic also highlighted the importance of maintaining a robust supply chain for medical devices like surgical sutures to ensure continuous availability during emergencies.

Surgical Suture Dynamics

The global surgical suture market is driven by factors such as the increasing number of surgical procedures, advancements in suture materials and technologies, and the growing prevalence of chronic diseases requiring surgical intervention. Additionally, the rising geriatric population and the growing demand for minimally invasive surgeries are fueling market growth. However, factors such as the high cost of advanced sutures, the risk of suture-related complications, and the availability of alternative wound closure methods are some of the challenges faced by the market.

Segments and Related Analysis

By Product Type:

- Absorbable sutures
- Non-absorbable sutures
- Others

By Application:

- Cardiovascular surgery
- Gynecological surgery
- Orthopedic surgery
- Others

By Region Analysis

North America

The North American region dominated the global surgical suture market in 2021, attributed to the presence of a well-established healthcare infrastructure, high healthcare expenditure, and advanced surgical techniques in the region.

Europe

Europe is expected to witness significant growth in the surgical suture market due to the increasing geriatric population, rising prevalence of chronic diseases, and the adoption of advanced suture materials and techniques in the region.

Asia Pacific

The Asia Pacific region is projected to experience a substantial growth rate in the surgical suture market driven by the increasing number of surgical procedures, growing healthcare infrastructure, and rising disposable income in emerging economies like China and India.

Key Market Players and Competitive Landscape

Some of the key players in the global surgical suture market include Johnson & Johnson, Medtronic Plc, B. Braun Melsungen AG, 3M Company, and Smith & Nephew. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position.

Recent Happenings in the Surgical Suture Market

- In January 2021, Johnson & Johnson launched a new absorbable surgical suture with antimicrobial properties to reduce the risk of surgical site infections.
- In March 2021, Medtronic announced the acquisition of ApiJect Systems Corp., a company specializing in the development of pre-filled syringes and injectable devices, to expand its presence in the drug delivery market.
- In July 2021, B. Braun Melsungen AG introduced a new range of barbed surgical sutures designed to enhance wound closure and minimize tissue trauma during surgeries.