Absorbable Sutures Market Size 2024-2028

The absorbable sutures market is estimated to grow by USD 670.7 million at a CAGR of 4.47% between 2023 and 2028. The market's expansion is contingent upon various factors, such as the escalating global count of surgical procedures, the surging incidence of road accidents worldwide, and the expanding geriatric populace. These elements collectively propel the market forward, driving demand for medical devices, equipment, and services catering to these segments. The rise in surgical procedures necessitates advanced medical technologies and devices, fostering market growth and innovation. Furthermore, the growing geriatric demographic requires specialized healthcare solutions and services, creating opportunities for market players. Similarly, the uptick in road accidents underscores the need for advanced medical interventions and rehabilitative care, further bolstering market growth. As these factors persist, the market is poised for substantial expansion, driven by the escalating demand for healthcare solutions. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

By Type

The market share growth by the monofilament sutures segment will be significant during the forecast period. The market encompasses various types of sutures designed to dissolve on their own after use, including monofilament and biodegradable sutures. Monofilament sutures, which consist of a single filament with low friction and minimal tissue trauma, dominated the market in 2022. Adhesive tissue sealants and hemostats are also essential components of the market. 

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The monofilament sutures segment was valued at USD 1.54 billion in 2018. The aging population, increased healthcare demands, and rising healthcare expenditure fuel market growth. Chronic conditions such as cancer, cardiovascular diseases, cerebrovascular diseases, diabetes, and mental illnesses drive the need for absorbable in elective surgeries and minimally invasive procedures. Emerging economies and lifestyle diseases contribute to market expansion. Regulatory requirements, pricing pressures, and the paradigm shift towards smart sutures and minimally invasive procedures pose challenges. Medical professionals, including plastic surgeons, utilize these for precision in various surgical procedures, including orthopedic disorders and sports-related injuries. Biodegradable materials, such as polypolypropylene, poly-p-dioxanone (PDO), stainless steel wire, and natural silk, are used in the manufacture of absorbable sutures. The market is influenced by advancements in medical technology, the increasing prevalence of chronic diseases, and lockdown measures. Complications from these, such as staples and needle, are a concern. Ischemic heart diseases and other complications necessitate the use of reliable absorbable sutures. Such factors will drive the growth of this segment during the forecast period. 

By Region

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North America is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in North America is primarily driven by the US and Canada. In the US, the market is fueled by favorable reimbursement policies, increasing healthcare expenditures, and growing awareness about health. Suture materials, such as absorbable sutures and thread, play a significant role in wound closure techniques. Advanced surgical technologies, including surgical sealants, tissue adhesives, and synthetic sutures, are increasingly being used for vessel closure and traumatic injuries. Telehealth assessments are also gaining popularity in wound care management. Surgical staples and traditional continue to be used, but they offer advantages such as reduced scarring and faster healing. Wound closure solutions and technologies are continually evolving to improve patient outcomes.

Market Dynamics and Customer Landscape

The market has experienced significant growth in recent years due to the increasing demands from medical practitioners for advanced suture materials in various surgical procedures. Chronic diseases such as cardiovascular diseases, cancer, and diabetes require multiple surgeries, leading to an increased need. Traumatic injuries also contribute to the market's growth. The aging population is another crucial factor driving the market's expansion. Minimally invasive procedures and the expertise of plastic surgeons have led to an increase in elective surgeries, further boosting the market. However, lockdown measures and restrictions on healthcare facilities have posed challenges to the market's growth. Absorbable sutures' advantages, including reduced complications and the elimination of the need for suture removal, make them a preferred choice for surgical techniques. Emerging economies' growing healthcare demands and the availability of advanced technologies are expected to provide opportunities for market growth. Despite these opportunities, complications associated with these remain a concern for healthcare professionals.

Key Market Driver

The increasing number of surgical procedures globally is notably driving market growth. The market is experiencing growth due to the rising number of surgical procedures. Factors fueling this trend include advancements in medical technology, expanding healthcare access, and demographic shifts. Technological innovations, such as adhesive tissue sealants, biodegradable, hemostats, and smart sutures, have made surgeries safer and more effective.

Furthermore, minimally invasive procedures, including those for cancer, cardiovascular, and cerebrovascular diseases, chronic conditions, and elective surgeries, have gained popularity due to their benefits. Emerging economies and healthcare demands are driving market growth despite pricing pressures and regulatory requirements. Medical professionals, including plastic surgeons, are increasingly relying on these for precision and reliability. The aging population, lifestyle diseases, and sedentary lifestyles contribute to the increasing need for surgical interventions. They are used in various surgical procedures, including orthopedic disorders, sports-related injuries, and staples. The paradigm shift towards minimally invasive procedures and the availability of biodegradable materials, such as starch, collagen, and polyglycolic acid, are expected to further boost market growth. These factors will boost the growth of the market during the forecast period.

Significant Market Trends

The rising demand for absorbable sutures from emerging economies is a key trend shaping the market. They play a significant role in the global market, particularly in emerging economies. With developed countries transitioning to advanced wound closure methods, such as adhesive tissue sealants and hemostats, there is a growing focus on expanding business in these regions. Factors driving market growth include the increasing prevalence of chronic conditions, such as cancer, cardiovascular diseases, cerebrovascular diseases, diabetes, and orthopedic disorders, in Asian countries like China and India.

Additionally, better economic growth, access to capital, favorable government initiatives, and improved healthcare facilities create substantial opportunities. The aging population, lifestyle diseases, and complications from elective surgeries further contribute to healthcare demands and expenditure. Medical professionals, including plastic surgeons, are increasingly utilizing biodegradable made from reliable and precision-engineered biodegradable materials. Minimally invasive procedures and sports-related injuries also require absorbable sutures. Despite pricing pressures and regulatory requirements, the shift towards smart and staples offers potential solutions. Thus, owing to these factors, it is evident that emerging economies will have a significant impact on the market during the forecast period.

Major Market Challenge

The risk of infection and complications associated with absorbable sutures will challenge market growth during the forecast period. The market faces the challenge of ensuring safety and efficacy while addressing complications, particularly surgical site infections (SSIs). Factors such as patient health, surgery type, and underlying medical conditions can increase the risk of SSIs, necessitating the development of alternative solutions such as adhesive tissue sealants, hemostats, and staples. Additionally, the market must respond to the demands of an aging population with increased chronic conditions like diabetes, cancer, and cardiovascular diseases.

However, coupled with pricing pressures in emerging economies, highlights the need for cost-effective and reliable medical technologies, including smart and minimally invasive procedures. Regulatory requirements play a crucial role in ensuring product safety and efficacy. The market is also witnessing a shift towards precision and minimally invasive procedures to reduce complications and healthcare expenditure, further driving the need for Specialized and innovative in wound closure techniques. Thus, the risk of infection and complications associated with absorbable challenge the growth of the market during the forecast period.

Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• Centenial Surgical Suture Ltd. - The company offers absorbable sutures such as CENTENIAL catgut plain and CENTENIAL catgut chromic. It also offers non-absorbable sutures and medical devices.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• B. Braun Melsungen AG
• Bactiguard Holding AB
• Boston Scientific Corp.
• Boz Tibbi Malzeme Sanayi ve Tic. A.S
• CPT SUTURES CO. LTD.
• DemeTECH Corp.
• Futura Surgicare Pvt. Ltd.
• Gunze Ltd.
• Johnson and Johnson Services Inc.
• KATSAN KATGUT SANAYI VE TICARET A.S
• Lux Sutures AS
• Medtronic Plc
• META BIOMED CO. LTD.
• Orion Sutures India Pvt Ltd.
• Surgical Sutures Pvt. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Type Outlook
  • Monofilament sutures
  • Braided sutures

• End-user Outlook
  • Hospitals
  • Ambulatory surgical centers
  • Specialty clinics
• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Australia
    • Argentina
    • Rest of the world

Market Analyst Overview

The market is a significant segment in the healthcare industry, utilizing biodegradable and absorbable materials for surgical procedures. These offer several advantages, including reduced scarring, elimination of the need for suture removal, and improved patient comfort. The market is driven by factors such as increasing surgical procedures, growing awareness of patient comfort, and advancements in biodegradable materials. Key players in the market include companies like Adhesive, CardioVascular, and Abiomed. Furthermore, these companies focus on the development and production of advanced absorbable sutures, catering to various medical applications such as cardiovascular, general surgery, and orthopedic procedures. The market is segmented based on product type, application, and end-users. Product types include polyglycolic acid (PGA), polylactic acid (PLA), and polycaprolactone (PCL) sutures. Applications include cardiovascular, orthopedic, and general surgery. End-users include hospitals, clinics, and ambulatory surgical centers. The future of the market looks promising, with advancements in biodegradable materials and increasing demand for minimally invasive procedures. The market is expected to grow at a steady pace, driven by these factors and the increasing number of surgical procedures worldwide.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market's competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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