An in-depth analysis of the global Surgical Sutures Market, including market size, market share, current and emerging trends, and the most recent technological advancements, is provided in the report, Global Surgical Sutures Market Research Report and Forecast to 2032. Together with a thorough prediction through 2032, the research offers insight into the Surgical Sutures Market's regional and worldwide competitive landscape. In the latest research, the effect of the COVID-19 pandemic on the market for lead-free piezoelectric ceramic materials has been updated. It analyses how the epidemic affected each region's economic environment and governmental structures. It also looks into the pandemic's impact on supply chain disruptions and economic volatility and offers a present and potential
According to the most recent analysis by Emergen Research, the size of the worldwide surgical sutures market is anticipated to reach USD 6.84 billion in 2032 at a consistent revenue CAGR of 6.0%. The market for surgical sutures has shown consistent revenue growth, which favours a good reimbursement picture. When a surgeon sutures the skin during a procedure, the payment from the first surgery is combined with or included in the reimbursement for the removal of the sutures. Immediately following surgery, sutures are routinely employed in the wound closure process. Suture removal, however, can sometimes be paid for separately. An illustration of this would be when a physician attending to patients in the emergency room stitches a wound that is still open.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Medical Device Business Services, Inc., Medtronic, B. Braun SE, Advanced Medical Solutions Group plc, Internacional Farmaceutica S.A. DE C.V., Peters Surgical, Surgical Specialties Corporation, Boston Scientific Corporation, DemeTECH Corporation, Healthium Medtech Limited
Target Audience of the Global Surgical Sutures Market Report:
- Key Market Players
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Surgical Sutures Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2032. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Surgical Sutures market on the basis of product, application, and region:
Segments Covered in this report are:
- Product Outlook (Revenue, USD Million; 2019–2032)
- Suture Threads
- Automated Suturing Devices
- Disposable Automated Suturing Devices
- Reusable Automated Suturing Devices
- Type Outlook (Revenue, USD Million; 2019–2032)
- Multifilament Sutures
- Monofilament Sutures
- Application Outlook (Revenue, USD Million; 2019–2032)
- Cardiovascular Surgery
- General Surgery
- Gynecological Surgery
- Orthopedic Surgery
- Ophthalmic Surgery
- Cosmetic Plastic Surgery
- Other Applications
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Some Key Highlights From the Report
- On 9 January 2023, the U.S. Food and Drug Administration (FDA) granted the Vesseal 510(k) clearance and announced Lydus Medical. A microvascular anastomosis suture deployment method called the Vesseal allows for standardized omnivessel anastomoses, making procedures easy, quick, safe, and efficient. One of the trickiest procedures in microvascular surgery, anastomosis is essential to the accomplishment of these difficult surgical procedures. Microvascular anastomosis is necessary for a variety of clinical settings, such as breast reconstruction, head and neck reconstruction, surgical lymphedema treatment, and vascular access for dialysis.
- The multifilament sutures segment is expected to lead in terms of revenue share in the global market over the forecast period. Multifilament sutures, which can have either natural or artificial topologies, are created by braiding or wrapping many strands. There are two types of these braided surgical sutures, depending on the braid or wrapping style: twisted (where more than two filaments are linked and braided), and braided (when more than two filaments are braided). Although coating can substantially reduce their capillary qualities, these nevertheless have some capillary characteristics. Multifilament surgical sutures are more durable than monofilament sutures, are easier to use, and do not easily come undone owing to their superior knot safety. Strong, soft, bendable, and flexible describe these sutures. Multifilament sutures also rank highly for wear resistance.
- The cardiovascular surgery segment is expected to lead in terms of revenue share in the global market over the forecast period owing to the increasing prevalence of cardiovascular diseases, which require surgery. Cardiovascular Diseases (CVDs) are the leading cause of death globally. According to World Health Organization (WHO) estimates, 17.9 million deaths globally in 2019, or 32% of all fatalities, were caused by CVDs. 85% of these deaths were caused by heart attacks and strokes. Most CVD fatalities take place in low- and middle-income countries. Cardiac sutures can be made from a variety of materials, including polyester, polypropylene, and stainless steel. For cardiovascular sutures, pledgets and without pledgets are also available.
- Hospital segment accounted for the largest revenue share in 2021 owing to the presence of advanced facilities and improvement in healthcare infrastructure in developing countries. The emergence of hospitals that specialize in surgery is another factor in the segment's rise. The number of procedures conducted in hospitals and the number of patients who attend the hospital with ailments that require surgery are both growing, which is raising the segment's revenue.
- Market in North America is expected to account for the largest revenue share during the forecast period, which is attributed to increasing activities by key market players in countries in the region. For instance, GTCR, a renowned private equity company, stated that Corza Health, its management partnership with Gregory T. Lucier, had acquired and combined the TachoSil Fibrin Sealant Patch with the American company Surgical Specialties Corporation to create the Corza Medical brand. Surgical Specialties is a business that specializes in high-performance surgical sutures and ophthalmic blades. To quickly and safely control bleeding during surgeries, a special surgical patch product line called TachoSil, formerly owned by Takeda Pharmaceutical Company Limited, is utilized.
Additional information offered by the report:
- Along with a complete overview of the global Surgical Sutures market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Surgical Sutures market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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