“Global Surgical Suture Market accounted for USD 5.1 Billion in 2017 and is expected to reach USD 7.2 Billion by 2026 growing at a CAGR of 4.4% during the forecast period from 2017 to 2026”
The global surgical suture market is valued USD 5.1 Billion in 2017 and is projected is to exhibit 4.4% CAGR during the forecast period. The market is project to be USD 336 billion by 2026. The market is driven by augmented occurrences of numerous chronic diseases and technical progressions in surgical suture products. Likewise, the continuous surge in geriatric population and the growing the number of musculoskeletal diseases are also foreseeable to boost the global market during the coming years.
The global surgical suture market is bifurcated into product type, application, end-user and region. On the basis of the product type the market is further segregated bifurcated into absorbable sutures and non-absorbable sutures. These absorbable sutures is bifurcated into natural sutures and synthetic sutures. Likewise, the non-absorbable sutures nylon sutures, polypropylene sutures, and stainless steel sutures. Based on application the global surgical suture market is bifurcated into nylon sutures, polypropylene sutures, and stainless steel sutures. Based on end-user the market is segmented bifurcated into hospitals, specialty clinics, and ambulatory surgery centers. Based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Absorbable sutures are extensively used in numerous surgeries, particularly for surgeries performed on internal organs, as they get hydrolyzed in the body tissue after a certain period of time and also they are biodegradable in nature. Absorbable sutures segment dominates for the global sutures market in terms of revenue in 2017 and is anticipated to be the fastest-growing market over the next five years.
The global players catering to the surgical suture market are Smith & Nephew Plc, I B. Braun Melsungen AG, Teleflex Inc., Covidien, Lotus Surgicals, 3M healthcare, Derma Sciences, Molnlycke healthcare, SMB Corporation Of India, Riverpoint Medical, Zimmer Biomet Holdings Inc., Acelity L.P. Inc., Medtronic Plc, Johnson & Johnson, ntegra LifeSciences Corp., ConMed Corp., Dolphin Sutures, and Boston Scientific Corp.