Global Surgical Sutures Market
Global Industry Analysis (2017 – 2020) – Growth Trends and Market Forecast (2021 – 2025)
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Surgical Specialty Acts as Primary Determinant of Suture Preference
The demand for surgical sutures has been steadily rising as these 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. There are different materials, tools, and techniques used to repair wounded tissues during surgical procedures. No matter how many options the surgeon has, the objective remains singular: to reinstate the patient to health with as little operative trauma as possible and superb cosmetic result.
The evolution of suturing tools, especially suture material has brought the market players to the point of refinement that includes customization of sutures based on specific surgical procedures. As per Ethicon, Inc.’s wound closure manual, a number of factors may influence the surgeon’s choice of materials, but surgical specialty still plays a primary role.
Increasing Surgical Procedures and High Sophistication of Sutures Propels Market
The global surgical sutures market is growing at a steady pace largely due to the worldwide increase in the number of surgical procedures and advancements of suturing tools and technologies. As per 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 United States. Eurostat claims that 1.4 million caesarean sections were performed in the Europe region in 2017. The number is slightly higher to the U.S. where 1.3 million caesarean sections are performed annually. These staggering surgery numbers are strong indicators of high demand for wound suturing products
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 mainly focused on reducing wound healing time and minimizing 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, as per Eurostat data.
The novel COVID-19 pandemic is expected to adversely impact the market. The significant reduction in the number of non-emergency surgical procedures and allied healthcare services is expected to reduce the demand for sutures. 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.
Absorbable Sutures to Emerge as Clear Leader by 2025
In 2019, absorbable suture held the largest share in the market and is anticipated to maintain a dominant position during the forecast period. These sutures have advantages over conventional sutures such as elimination of follow-up visit for removal and lower possibility of scarring and infection. Absorbable sutures are typically manufactured from a natural material that is highly compatible with the human body. These factors are likely to generate a high demand for absorbable sutures in the coming years as well.
U.S. to Dominate as Players Remain Innovative and Focussed on Product Development
North America region held the highest market share in 2019. The U.S. is historically preferred region for companies to launch innovative range of products. Additionally, it is house to leading industry players such as Ethicon and Boston Scientific.
Asia Pacific is expected to grow at a rapid pace over the forecast period owing to the high volume of surgical procedures. Countries such as China and Japan have a high number of orthopaedic surgeries due to presence of high geriatric population. Increasing medical tourism is another key factor for the rise in the number of surgical procedures in these developing countries.
Highly Competitive Market with Presence of Global as well as Regional Players
Major players are innovating products to set them apart from the crowd as small and medium-size regional players make an entry. Some of the well-known players in the market are- 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.