• Blog
  • Absorbable Surgical Sutures Market Growth Analysis | 2023-2028

    Absorbable Surgical Sutures Market Growth Analysis | 2023-2028

    Absorbable Surgical Sutures Market Growth Analysis | 2023-2028
    Report code - SRHL148 Delivery - 2 Weeks
    Absorbable Surgical Sutures Market Size, Share, Trends, Dynamics, Forecast, & Growth A See more...

    Market Insights

    The absorbable surgical sutures market was estimated at USD 3.75 billion in 2022 and is likely to grow at a CAGR of 5.04% during 2023-2028 to reach USD 5.03 billion in 2028.

    Absorbable-Surgical-Sutures-Market-Insights

    Want to know more about the market scope? Register Here

    What are absorbable surgical sutures?

    Absorbable surgical sutures are stitches made of materials that the body can absorb naturally over time. They're made of materials like the fibers that line animal intestines or synthetic polymers that dissolve easily in the body.

    Absorbable Surgical Sutures Market Report Highlights

    Market Size in 2022

    USD 3.75 billion

    Market Size in 2028

    USD 5.03 billion

    Market Growth (2023-2028)

    5.04% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Some of the key players in the market are-

    • 3M Healthcare
    • B. Braun Melsungen AG
    • Boston Scientific Corporation
    • DemeTECH Corporation
    • EndoEvolution, LLC
    • Ethicon Inc.
    • Johnson & Johnson Private Limited
    • Medtronic Plc
    • Smith & Nephew Plc
    • Sutures India Pvt. Ltd.

    Market Dynamics

    Over the years, there has been a growth in health conditions related to skin and peripheral vascular surgery, which has boosted the growth of the market for absorbable surgical sutures. Furthermore, the growing elderly population and increasing prevalence of musculoskeletal diseases are expected to have a significant impact on the market demand, thus fueling the growth of the market over the forecast period.

    Absorbable-Surgical-Sutures-Market-Dynamics

    Want to have a closer look at this market report? Click Here.

    Segments' Analysis

    By Structure Type

    Based on the structure type, the market is segmented into monofilament sutures and multifilament sutures. The multifilament sutures segment is likely to grow at an exponential CAGR, during the forecast period, largely owing to the increasing demand for complex surgeries, the rising geriatric population, and favorable hospital treatment policies.

    By End-User Type

    Based on the end-user type, the market is segmented into hospitals, clinics, ambulatory surgery centers, and others. The hospital segment is expected to lead the market over the forecast period. The segment's growth is owing to the increasing number of complex surgeries performed in hospitals, an increase in the geriatric population, favorable reimbursement policies for treatments in hospitals, and the growing number of new hospitals, particularly in emerging economies.

    Regional Insights

    In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among these regions, North America is expected to be the dominant region throughout the forecast period. The market growth in this region is majorly due to advanced medical technologies, a growing healthcare sector, and favorable government policies for various surgical procedures. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Absorbable-Surgical-Sutures-Market-Regional-Insights

    Know the high-growth countries in this report. Click Here

    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The absorbable surgical sutures market is segmented into the following categories.

    By Product Type

    • Synthetic Sutures
    • Natural Sutures

    By Application Type

    • General Surgery
    • Cardiovascular Surgeries
    • Gynecological Surgeries
    • Orthopedic Surgeries
    • Others

    By Structure Type

    • Monofilament Sutures
    • Multifilament Sutures

    By End-User Type

    • Hospitals
    • Clinics
    • Ambulatory Surgery Centers
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Absorbable-Surgical-Sutures-Market-Segmentation

    Click Here, to know the market segmentation details.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Absorbable Surgical Sutures Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the product types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Absorbable surgical sutures are stitches made of materials that the body can absorb naturally over time. They're made of materials like the fibers that line animal intestines or synthetic polymers that dissolve easily in the body.

    The absorbable surgical sutures market was estimated at USD 3.75 billion in 2022.

    The absorbable surgical sutures market is likely to reach USD 5.03 billion in 2028.

    The absorbable surgical sutures market is expected to witness an impressive growth of 5.04% CAGR in the coming years.

    3M Healthcare, B. Braun Melsungen AG, Boston Scientific Corporation, DemeTECH Corporation, EndoEvolution, LLC, Ethicon Inc., Johnson & Johnson Private Limited, Medtronic Plc, Smith & Nephew Plc, and Sutures India Pvt. Ltd are among the key players in the market.

    The multifilament sutures segment is expected to grow at an exponential CAGR in the market.

    North America is expected to be the dominant region in the market.

    The growing elderly population and increasing prevalence of musculoskeletal diseases are the factors driving the growth of the market.