Latest News- Surgical Sutures Market: Absorbable surgical sutures is expected to lead the Product segment during 2024-2028

The Surgical Sutures Market is being driven by Increase in volume of surgeries

The Surgical Sutures Market is expected to grow at a CAGR of 4.36% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1064.6 million. In the realm of surgical procedures, surgical sutures serve an indispensable function in wound closure and healing. The evolving technological landscape has instigated significant advancements in suture technology, leading to enhanced functionality and versatility. One such innovation is the smart suture, which is pre-stitched with a temporary shape above a critical temperature. Upon application to a wound and exposure to a stimulus surpassing this temperature, the suture reverts to its original form, providing increased flexibility, pliability, and remarkable mechanical strength. Moreover, barbed sutures, engineered with shape memory polymers, have gained widespread adoption in orthopedic, cardiovascular, and obstetric surgeries due to their ability to maintain tissue approximation and facilitate easier wound closure. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Absorbable surgical sutures
  • Non-absorbable surgical sutures
  • Suture-assist devices
• End-user
  • Hospitals
  • ASCs
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in volume of surgeries
• Growing demand for natural and antimicrobial coating surgical sutures
• Growing popularity of single-use and automated suturing devices

However, the market also witnesses some limitations, which are as follows:

• Growing preference toward MIS
• Growing threat of substitutes
• Risks or complications associated with surgical sutures

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Market Scope in Surgical Sutures Market Research Report

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Research Analysis Overview

The Surgical Sutures Market encompasses a wide range of applications, including dental restorations, minor surgeries, and major procedures such as cardiovascular surgery, joint replacement, and Cesarean section. Surgical sutures play a crucial role in wound closure, whether it's in orthopedic surgery to repair ligaments or in ischemic heart diseases to mend damaged blood vessels. With an aging population and rising prevalence of lifestyle diseases, the demand for surgical procedures continues to grow. Healthcare facilities offer various surgical services, from elective surgeries to emergency procedures. Plastic surgeons utilize suture materials like hemostats, tissue adhesives, and surgical staples for minimally invasive procedures. Telehealth assessments and mobile apps have streamlined pre-surgery screenings, making healthcare services more accessible. Major surgeries, such as joint replacement and cardiovascular surgery, require advanced suturing techniques. Chronic diseases like diabetes and obesity increase the need for surgical interventions, further driving market growth. As healthcare professionals continue to innovate, the surgical sutures market will remain a vital component of the healthcare industry.

Market Research Overview

The global healthcare supplies market encompasses the sector involving research and development of a diverse range of medical consumables, including surgical sutures, used for diagnosing and treating various medical conditions. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of medical supplies such as syringes, drapes, gloves, gowns, and sutures. The market's expansion will be fueled by several key factors, most notably the increasing global population aging, with the number of individuals aged 60 years and above projected to rise significantly in both the US and Europe by 2030-2050.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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