Absorbable Surgical Sutures - Global Market Trends, Demand and Supply Overview

Posted on 15-December-2021

Absorbable Surgical Sutures - Global Market Trends, Demand and Supply Overview
Introduction
Absorbable surgical sutures are used to close wounds and hold tissues together during and after surgery. They are made from materials that are broken down and absorbed by the body over time, eliminating the need for suture removal. Absorbable sutures are available in a variety of materials, including synthetic and natural materials.
Global Market Trends
The global absorbable surgical sutures market is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030, reaching a value of USD 6.5 billion by 2030. The market is being driven by a number of factors, including:

The increasing prevalence of chronic diseases, such as cardiovascular disease, cancer, and diabetes, which require surgical intervention.
The growing geriatric population, which is more likely to undergo surgery.
The rising demand for minimally invasive surgical procedures, which require the use of absorbable sutures.
The technological advancements in absorbable suture materials and designs.

Demand and Supply Overview

The demand for absorbable surgical sutures is increasing globally, driven by the factors mentioned above. The supply of absorbable sutures is also increasing, with a number of manufacturers offering a wide range of products. However, there is a shortage of skilled surgeons who can use absorbable sutures effectively.

Major Market Players

The major players in the global absorbable surgical sutures market include:

Ethicon (Johnson & Johnson)
B. Braun Melsungen AG
Medtronic
CP Medical
Atramat
Confluent Surgical
Coaptex
DemeTECH Corporation
Shangzhi Medical
Suzhou Boncare Medical Technology Co., Ltd.
Zhejiang Kangde Medical Technology Co., Ltd.

Regional Market Outlook

North America is the largest market for absorbable surgical sutures, followed by Europe and Asia Pacific. The North American market is expected to remain dominant in the coming years, due to the high prevalence of chronic diseases and the aging population in the region. The European market is also expected to grow significantly, driven by the increasing demand for minimally invasive surgical procedures. The Asia Pacific market is expected to be the fastest-growing market, due to the rising disposable incomes and the increasing access to healthcare in the region.

Key Market Segments

The global absorbable surgical sutures market is segmented by product type, end user, and region.

By product type, the market is segmented into:

Synthetic sutures
Natural sutures

Synthetic sutures are the most widely used type of absorbable sutures. They are made from materials such as polyglycolic acid (PGA), polydioxanone (PDS), and polyglactin 910 (Vicryl). Natural sutures are made from materials such as catgut and linen.

By end user, the market is segmented into:

Hospitals
Clinics
Ambulatory surgical centers
Emergency medical services

By region, the market is segmented into:

North America
Europe
Asia Pacific
South and Central America
Middle East and Africa

Growth Opportunities:
The global absorbable surgical sutures market presents a number of growth opportunities for manufacturers and suppliers. These opportunities include:

The increasing demand for minimally invasive surgical procedures.
The growing geriatric population.
The rising prevalence of chronic diseases.
The technological advancements in absorbable suture materials and designs.
The expanding healthcare infrastructure in emerging markets.

Challenges:
The global absorbable surgical sutures market also faces a number of challenges, including:

The shortage of skilled surgeons.
The high cost of absorbable sutures.
The increasing competition from low-cost manufacturers.
The stringent regulatory environment.