Description
Scope of Absorbable and Non-Absorbable Sutures Market
The market for absorbable and non-absorbable sutures is rather large and covers a range of healthcare-related activities, such as surgical operations, wound closure methods, and the production of medical devices. In many different medical fields, including general surgery, orthopedics, obstetrics and gynecology, cardiovascular surgery, ophthalmology, and dermatology, absorbable and non-absorbable sutures are employed extensively in surgical procedures. During surgeries, they are employed for ligature applications, tissue approximation, and wound closure.
In terms of revenue, the global Absorbable and Non-Absorbable Sutures Market is worth USD 3.8 billion at present and detailed market analysis reveals that it is estimated to surge to a valuation of USD 5.76 Billion by the end of 2030, at a phenomenal CAGR of 6.20%.
The world’s efforts to improve healthcare infrastructure have brought attention to the latest advancements in the medical and healthcare industries. These sutures are in high demand these days due to their ability to aid in wound healing, tissue approximation, and infection control.
Impact of COVID – 19
The pandemic affected the production, availability, and distribution of medical devices, particularly sutures, by upsetting international supply networks. The supply of absorbable and non-absorbable sutures was impacted by production stoppages, transit interruptions, lockdowns, travel restrictions, and logistical difficulties that caused delays in the purchase of raw materials. The spike in COVID-19 patients put tremendous strain on healthcare institutions around the world. In order to give priority to COVID-19 patients while allocating resources, numerous hospitals and healthcare facilities delayed non-emergency operations and elective surgeries. The demand for both absorbable and non-absorbable sutures decreased as a result of the decrease in surgical operations, especially elective surgeries that frequently require sutures.
Both qualitative and quantitative aspects of the absorbable and non-absorptive suture market are examined in this extensive research study. Both the supply and demand sides of the market have been studied. The market revenue in various regions and then throughout all of the important countries is examined by the demand side research. The supply side analysis examines the main industry rivals and their global and regional footprints, as well as their business strategies. Comprehensive studies are conducted on all of the major nations in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Absorbable and Non-Absorbable Sutures Market: Growth Drivers
The market for sutures is significantly influenced by the growing number of surgical procedures performed worldwide, which is a result of factors including aging populations, the rise in chronic illness prevalence, and improvements in surgical techniques.
Suture distribution systems and absorbable sutures with enhanced tensile strength and knot security are two examples of ongoing developments in suture materials that support market expansion.
Sutures are needed for wound closure in minimally invasive surgical procedures, which is why there is a growing demand for them. Absorbable sutures specifically made for internal tissue approximation are in high demand.
Absorbable and Non-Absorbable Sutures Market: Restraints
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Stringent Regulatory standards:
This market is subject to strict regulatory standards established by regulatory agencies such as the FDA in the United States and the European Medicines Agency (EMA) in Europe. Compliance with these requirements can be time-consuming and expensive, especially for new entrants and small enterprises.
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Competition from Alternative Closure Methods:
Sutures compete with alternative wound closure procedures such surgical staples, tissue adhesives, and mechanical closure devices. The availability and adoption of these alternatives may limit the growth of the sutures market, particularly in certain surgical procedures.
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Risk of Infection and Tissue Reaction:
Sutures provide a danger of infection and tissue response, especially with non-absorbable sutures that remain in the body for an extended duration.
Absorbable and Non-Absorbable Sutures Market: Opportunities Factors
Innovation is possible since suture materials and manufacturing techniques are always improving. Market expansion may be fueled by the creation of novel materials with improved characteristics like increased tensile strength, knot security, and tissue compatibility.
Sutures are in high demand due to the growing amount of surgical operations performed worldwide, including less invasive treatments, elective surgeries, and surgeries in developing nations. Opportunities are available for absorbable and non-absorbable sutures in general surgery, orthopedics, cardiology, and plastic surgery, among other surgical specialties.
Global aging populations necessitate more operations and wound closures among other medical procedures. The demand for absorbable and non-absorbable sutures in geriatric care settings has increased because elderly patients frequently need sutures for wound management and tissue restoration.
Absorbable and Non-Absorbable Sutures Market: Challenges
The pandemic affected raw material availability, production methods, and distribution channels for both absorbable and non-absorbable sutures, upsetting worldwide supply chains. Production delays, traffic jams, and shortages of vital medical supplies were caused by lockdown procedures, travel restrictions, and trade disruptions. Several medical facilities decided to postpone or cancel elective surgeries in order to save money, lower the possibility of COVID-19 spreading, and give priority to treating patients who are critically ill. Manufacturers’ market sales were impacted by the decrease in non-urgent medical interventions and cosmetic operations, which led to a decrease in the demand for sutures.
Budgets for healthcare were redirected to testing, treatment, and immunization initiatives as part of the pandemic response. Budgets for healthcare were stressed by this resource reallocation, which reduced spending on non-essential medical supplies like sutures. Financial limitations affected healthcare practitioners’ purchasing decisions and suture procurement.
The operations of suture producers were hindered by worker interruptions, shutdown of facilities, and adherence to health and safety regulations. Manufacturing operations become more difficult and expensive as a result of the implementation of measures to protect worker safety, sustain production continuity, and comply with regulations.
Absorbable and Non-Absorbable Sutures Market: Recent Developments
- Demetech manufactures surgical sutures, specifically absorbable sutures constructed from synthetic polymers. Recent advancements may include Demetech expanding its product range to include new suture sizes, needle configurations, and packaging alternatives to fulfill the needs of various surgical specialties.
- Braun is a top maker of medical instruments and supplies, such as surgical sutures. Recent breakthroughs could include the introduction of novel suture materials, such as synthetic absorbable polymers or braided sutures with increased tensile strength and knot security.
- Smith & Nephew manufactures a number of medical devices, such as surgical sutures and wound closure solutions. Recent innovations may include the introduction of suture materials tailored to certain surgical procedures, as well as the development of suture delivery devices for minimally invasive surgery.
Absorbable and Non-Absorbable Sutures Market: Key Outcomes of the Report
Fractures of the ankle and foot are among the most frequent injuries that orthopedic teams treat globally. Orthopedic surgeons employ sutures for a variety of purposes, including wound closure, ligament, tendon, muscle, and tendon repair, joint capsule restoration, and cerclage or tension band therapy for specific fractures. The markets for absorbable and non-absorbable sutures will benefit from rising investment in the development of healthcare infrastructure, as well as from an increase in the availability and demand for health insurance, especially in emerging nations. Due to the rising prevalence of sports-related injuries and musculoskeletal disorders, as well as the rise in bariatric procedures and chronic illnesses, North America is a significant contributor to the market under study.
List of Key Players in the Global Absorbable and Non-Absorbable Sutures Market
- Braun Melsungen AG
- Ethicon
- Smith & Nephew
- Demetech Corporation
- Conmed Corporation
- Peters Surgical
- Surgical Specialties Corporation
- Mellon Medical B.V
- Zimmer Biomet
- CP Medical
- Miltex (A Integra LifeSciences Corporation Company)
- Assut Medical Sarl
- DyNek Pty
- Medtronic plc
- AD Surgical
- Boston Scientific Corporation
Absorbable and Non-Absorbable Sutures Market: Segmentation
By Product Type
- Absorbable Sutures
- Non – Absorbable Sutures
By Application
- Cardiovascular Surgery
- Orthopedic Surgery
- General Surgery
- Gynecological Surgery
- Ophthalmic Surgery
- Dermatological Surgery
- Plastic Surgery
- Urological Surgery
- Dental Surgery
- Veterinary Surgery
By End Users
- Hospitals
- Ambulatory Centers
- Clinics
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
