Surgical Speciality Acts as Primary Determinant of Suture Preference
The demand for surgical sutures has been steadily rising as they offer higher safety, and better post-operative results. Despite sophisticated wound closures, surgeons still opt for a surgical needle to penetrate tissue and advance a suture strand to its desired location. Global surgical sutures market continues to witness a stable growth outlook. There are different materials, tools, and techniques used to repair wounded tissues during surgical procedures. No matter how many options a surgeon has, the objective remains the same, i.e., to reinstate the patient to health with as little operative trauma as possible and an excellent cosmetic result. The evolution of suturing tools, especially suture material has brought market players to the point of refinement that includes customisation of sutures based on specific surgical procedures. As per the wound closure manual of Ethicon, Inc., multiple factors may influence a surgeon’s choice of suturing materials and yet, the surgical speciality plays the primary role.
The global COVID-19 pandemic has held an adverse impact on surgical sutures throughout 2020 as it caused a significant reduction in the number of non-emergency surgical procedures, and allied healthcare services. The CovidSurg Collaborative, a 120-country research initiative formed to analyse the impact of COVID-19 on surgeries, has projected that based on a 12-week peak period around 28.4 million elective surgeries worldwide were cancelled or postponed in 2020. This has been a significant roadblock for surgical sutures market in the recent past.
Growing Number of Surgeries, and Technological Sophistication of Sutures Propel Market
Global surgical sutures market is growing at a steady pace largely due to the worldwide increase in the number of surgical procedures, and technological advancements of suturing tools, and technologies. As per the latest International Society of Aesthetic Plastic Surgery survey, 10.6 million cosmetic surgical procedures are performed worldwide. About 395,000 patients undergo coronary artery bypass graft (CABG), which is the most common open-heart surgery in the US. Eurostat claims that 1.4 million caesarean sections were performed in the European continent in 2017. The number is slightly higher than that in the US where around 1.3 million caesarean sections are performed annually. These staggering surgery numbers are strong indicators of high demand for wound suturing products, thereby supporting surgical sutures market.
Development of various advanced types of surgical sutures with enhanced features such as knotless barbed sutures, antimicrobial sutures, and bioactive sutures has pushed up the adoption rate. These advancements are introduced with an eye on faster wound healing, and minimum post-operative care. Smith & Nephew recently launched its flagship system Novostitch Pro meniscal repair system in Europe. Novostitch Pro allows surgeons to place stitches arthroscopically in tight joint compartments, using a meniscus-to-meniscus circumferential compression stitch to repair tears that may not have been repaired in the past, company states.
However, increasing preference for minimally invasive surgery coupled with the growing adoption of substitute products as surgical staplers poses real threat to the surgical sutures market growth. These surgeries eliminate the need for multiple stitches, thereby reducing the demand for surgical sutures. According to the National Institute of Health, laparoscopy, one of the widely adopted minimally invasive surgery, has witnessed a gradual increase every year from 22.7% in 2005 to 49.8% in 2014. Denmark, Germany, France, and Switzerland have approximately 80% of appendectomy procedures performed laparoscopically in 2015, suggests Eurostat.
Absorbable Sutures to Emerge as a Clear Leader by 2025
In 2019, absorbable sutures held the largest share in global surgical sutures market and are anticipated to maintain a dominant position during the forecast period. These sutures have advantages over their conventional counterparts as they eliminate follow-up visits for removal, and lower the risk of scarring, or infection(s). Absorbable sutures are typically manufactured from a natural material that is highly compatible with the human body.
US Remains Dominant, Opportunities to Emerge in Asian Markets with Thriving Medical Tourism
North America held the maximum revenue share in global surgical sutures market in 2019. The US has been the most preferred region among companies for innovative launches. The country also houses some of the globally leading industry players such as Ethicon, and Boston Scientific, which will continue to favour surgical sutures market here. On the other side, Asia Pacific surgical sutures market is expected to grow at a rapid pace over the forecast period owing to an exceptionally high volume of surgical procedures. Some of the key countries like China, and Japan continue to witness consistent growth in the number of orthopaedic surgeries. While unprecedented expansion of geriatric population remains one key factor underpinning demand for orthopaedic procedures, noteworthy prospects of medical tourism across Asian economies will also be a major booster to surgical sutures market in the region.
Key Market Players in Surgical Sutures Space
Major players are focused on product innovation as a winning imperative. Some of the most prominent players in surgical sutures market include Ethicon, Inc., Medtronic plc, B.Braun Melsungen AG, Smith& Nephew plc, Boston Scientific Corporation, Péters Surgical, DemeTECH Corporation, Internacional Farmacéutica, Sutures India, EndoEvolution, LLC., Apollo Endosurgery, Inc., Surgical Specialties Corporation, Mellon Medical B.V., Coloplast Corporation, and BSN Medical.
The surgical sutures market has been segmented as below:
By Product Type
By End User
Key Elements Included In The Study: Global Surgical Sutures Market
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