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Written by Business News » Updated on: September 07th, 2024
IMARC Group, a leading market research company, has recently released a report titled "Surgical Sutures Market Report by Type (Absorbable Sutures, Non-Absorbable Sutures), Material (Monofilament, Multifilament), Application (Cardiovascular Surgeries, General Surgeries, Gynecological Surgeries, Orthopedic Surgeries, Ophthalmic Surgeries, and Others), End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others), and Region 2024-2032". The study provides a detailed analysis of the industry, including the surgical sutures market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global surgical sutures market size reached US$ 5.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
Request to Get the Sample Report: https://www.imarcgroup.com/surgical-sutures-market/requestsample
Factors Affecting the Growth of the Surgical Sutures Industry:
Rapid Technological Advancements in Suture Materials and Techniques:
The continuous technological advancements in suture materials and techniques to improve patient outcomes, reduce surgical times, and minimize complications are some of the major factors boosting the market growth. Moreover, the development of modern suture materials that are designed to be stronger, more flexible, and more biocompatible to reduce the risk of infection and promote faster healing is fostering market growth.
In line with this, the introduction of bioabsorbable sutures, which naturally dissolve in the body and eliminate the need for suture removal, thus enhancing patient comfort and reducing follow-up procedures, is fueling the market growth. Additionally, rapid advancements in suture techniques, such as barbed sutures that distribute tension evenly and improve wound closure, are propelling the market growth.
Increasing Prevalence of Surgical Procedures:
The increase in surgical procedures across the globe is a major driver strengthening the market growth. Along with this, the burgeoning prevalence of chronic diseases, like cardiovascular diseases, diabetes, and obesity, that require surgical interventions is catalyzing the market growth. Additionally, the rising geriatric population who are prone to conditions that necessitate surgical procedures, including orthopedic surgeries and cataract operations, is fostering the market growth.
Furthermore, rapid advancements in healthcare infrastructure that make surgical interventions more accessible and safer, leading to an increased number of surgeries, are strengthening the market growth. Besides this, the imposition of enhanced healthcare policies and funding, coupled with the growing awareness about the importance of timely surgical interventions, are contributing to the market growth.
Rising Demand for Cosmetic Surgeries:
The rising demand for cosmetic surgeries to enhance aesthetic appearance is supporting the market growth. Moreover, the changing beauty standards increased disposable income, and the desire for an improved quality of life are fueling the market growth. Moreover, the emergence of social media influence and the growing acceptance of cosmetic procedures as a means to boost self-esteem and body image is stimulating the market growth. In line with this, the heightened popularity of surgical sutures that are designed for minimally invasive (MI) procedures to prioritize aesthetic outcomes, such as reduced scarring and quicker recovery times, is strengthening the market growth. Along with this, the growing demand for sutures that offer high tensile strength, flexibility, and minimal tissue reactivity is supporting the market growth.
Surgical Sutures Market Report Segmentation:
By Type:
Absorbable sutures dominated the largest segment due to their ability to biodegrade within the body, eliminating the need for removal and reducing post-operative complications.
By Material:
Multifilament accounted for the largest market share as they offer superior flexibility, knot security, and tissue support, making them ideal for a wide range of surgical procedures.
By Application:
Cardiovascular surgeries represented the largest segment, attributed to the high prevalence of cardiovascular diseases globally, necessitating numerous surgical interventions.
By End User:
Hospitals and clinics constitute the largest segment as they perform most surgical procedures, benefiting from comprehensive healthcare facilities and a wide range of services.
Regional Insights:
North America's dominance in the surgical sutures market is attributed to advanced healthcare infrastructure, high healthcare expenditure, and a strong focus on surgical innovation and quality care.
Global Surgical Sutures Market Trends:
The burgeoning integration of smart sutures embedded with sensors and electronic components to provide real-time data on wound temperature, pH, and tension is positively influencing the market growth. Moreover, the expanding application of sutures in minimally invasive surgeries (MIS), driven by the demand for procedures that reduce hospital stay durations, minimize scarring, and expedite recovery, is contributing to the market growth. Additionally, the increasing strategic collaborations and mergers among leading players to combine expertise, expand product portfolios, and drive innovation and product diversification are catalyzing the market growth.
Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=4616&flag=C
Top Companies Operated in Surgical Sutures Industry:
Key Highlights of the Report:
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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