Synthetic Absorbable Sutures Market By Type (Valve Suture, Cardiovascular Suture, Cosmetic Surgery Suture), End Users (Hospitals, Specialty Clinics), & Region for 2024-2031
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Synthetic Absorbable Sutures Market By Type (Valve Suture, Cardiovascular Suture, Cosmetic Surgery Suture), End Users (Hospitals, Specialty Clinics), & Region for 2024-2031
Synthetic Absorbable Sutures Market Valuation – 2024-2031
The synthetic absorbable sutures on a global scale, here are an increasing number of surgical procedures performed worldwide. This can be linked to an older population that is more prone to chronic ailments that require surgery, as well as growing healthcare costs and advances in minimally invasive surgical techniques. These minimally invasive techniques frequently use synthetic absorbable sutures because of their ability to dissolve within the body, reducing the need for a second surgery to remove the stitches. The market size surpass USD 1.87 Billion valued in 2023 to reach a valuation of around USD 2.89 Billion by 2031.
Suture materials are becoming more functional and appealing as technology advances. New synthetic absorbable sutures outperform traditional options in terms of strength, handling, and knot-holding. Additionally, the development of sutures with controlled absorption rates caters to the specific healing timelines of different tissues. These advancements are leading to wider adoption of synthetic absorbable sutures across various surgical specialties. The rising demand for cost-effective and efficient synthetic absorbable sutures is enabling the market grow at a CAGR of 5.60% from 2024 to 2031.
Synthetic Absorbable Sutures MarketDefinition/ Overview
Synthetic absorbable sutures are surgical sewing materials that dissolve in the body over time. Unlike conventional sutures produced from natural materials such as catgut (derived from animal intestines), synthetic absorbable sutures are comprised of man-made polymers. These polymers are specifically developed to disintegrate gradually via a process known as hydrolysis. Hydrolysis occurs when water molecules in the body’s tissues break down the suture material.
The absorption rate of synthetic absorbable sutures varies according to the polymer employed and its molecular structure. Some sutures dissolve within weeks, while others can take months to completely remove. This enables surgeons to select the most appropriate suture material based on the type of operation and the healing period required for the specific tissue being treated.
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Will Growing Preference for Minimally Invasive Surgeries Drive the Synthetic Absorbable Sutures Market?
In the Synthetic Absorbable Sutures Market, minimally invasive techniques, like laparoscopic and endoscopic procedures, have several advantages over traditional open surgeries. These advantages include shorter recovery times, less pain after surgery, a decreased risk of complications, and smaller incisions. Sutures that the body can absorb over time are frequently needed for these treatments, which eliminates the need for suture removal and lessens patient discomfort. Because they retain their strength throughout the early healing period and progressively hydrolyze in the body, synthetic absorbable sutures are well-suited for MIS because they promote wound closure while reducing tissue response.
Additionally, patient preferences for less intrusive treatment alternatives and technological improvements in surgery are driving the growing popularity of minimally invasive surgery (MIS). The need for artificial absorbable sutures is anticipated to increase in tandem with the emphasis that hospitals and healthcare providers place on minimally invasive procedures to enhance patient outcomes and lower expenses.In response to the unique requirements of minimally invasive operations, manufacturers are creating sutures that offer superior performance features, such as reduced tissue reaction, greater knot security, and predictable absorption rates. All things considered, the market for synthetic absorbable sutures is developing rapidly due to the growing tendency towards MIS, which establishes these sutures as necessary elements of contemporary surgical practice.
Will Quality Concerns and Product Recalls Impact the Growth of the Synthetic Absorbable Sutures Market?
Quality concerns and product recalls can have a substantial impact on the growth of the Synthetic Absorbable Sutures Market. The healthcare business prioritizes patient safety and product reliability. Quality concerns, such as suture rupture, premature degradation, or inadequate sterilization, can result in poor patient outcomes, higher healthcare expenditures, and a loss of trust among healthcare practitioners. Product recalls, in particular, can have far-reaching implications, eroding market trust and costing businesses significant financial losses owing to remediation activities and associated legal penalties.
Furthermore, quality issues and product recalls might damage the reputation of synthetic absorbable suture makers. Healthcare facilities may be hesitant to utilize or continue purchasing products associated with safety concerns, preferring alternatives with proven reliability and performance. This hesitation might stifle market expansion since healthcare providers emphasize patient safety and seek assurances of product quality before using new technology or materials.
To avoid these effects, producers must emphasize tight quality control procedures throughout the manufacturing process, perform extensive testing and validation, and maintain open communication with regulatory agencies and healthcare stakeholders. Building and maintaining trust in the synthetic absorbable suture market requires continuous product performance and aggressive risk management techniques to overcome quality issues and product recalls.
Category-Wise Acumens
Will Coronary Artery Bypass Grafting Accelerate the Cardiovascular Suture Segment in the Synthetic Absorbable Sutures Market?
Cardiovascular sutures now dominate the synthetic absorbable suture market. This supremacy is partly due to the large number of cardiovascular procedures conducted globally. Coronary artery bypass grafting (CABG) is a common surgical operation used to treat coronary artery disease by bypassing blocked arteries and increasing blood flow to the heart. Synthetic absorbable sutures are essential in CABG procedures because they secure grafts and close wounds. A variety of variables contribute to the high demand for these sutures in CABG surgeries.
To begin, CABG operations are frequently complex, necessitating the use of sutures that offer strong and dependable wound closure to assure graft stability and prevent postoperative problems. Synthetic absorbable sutures are chosen in CABG because they deteriorate slowly over time, avoiding the need for suture removal and reducing patient discomfort. This attribute is consistent to reduce invasive procedures and facilitate speedier recovery.
Second, the rising prevalence of coronary artery disease, caused by factors such as aging populations and lifestyle-related health conditions, adds to an increase in the number of CABG procedures performed worldwide. As the number of CABG surgeries increases, so will the demand for high-quality cardiovascular sutures that can withstand the physiological demands of heart surgery.
While cardiovascular sutures dominate the market, the cosmetic surgery suture category is growing at the quickest rate. This increase can be due to the growing popularity of cosmetic operations worldwide. As people grow more aware of and interested in cosmetic modifications, the need for minimally invasive procedures with little scarring increases. Synthetic absorbable sutures are appropriate for these surgeries because they dissolve over time, removing the need for visible stitch removal while potentially lowering scarring.
Will Medical Supplies Propel the Hospitals Segment for the Synthetic Absorbable Sutures Market?
Medical supplies, especially synthetic absorbable sutures, have a significant impact on hospital operating efficiency and patient care standards. Hospitals are a prominent segment in the Synthetic Absorbable Sutures Market, and this is due to a variety of factors. Hospitals are large consumers of medical goods due to the ongoing need for surgical treatments in a variety of disciplines such as general surgery, orthopedics, gynecology, and cardiovascular surgery. Synthetic absorbable sutures are required for wound closure in these treatments, as they provide benefits such as reduced infection risk, little tissue reactivity, and progressive absorption, eliminating the need for suture removal.
The expanding number of surgical procedures conducted in hospitals around the world is driving up demand for synthetic absorbable sutures. Aging populations, increased prevalence of chronic diseases, and advances in surgical procedures all contribute to the demand for dependable and effective wound closure materials. Hospitals encourage the use of high-quality sutures to assure patient safety, promote faster recovery periods, and improve surgical outcomes. As hospitals try to improve patient care and operational efficiency, they rely on dependable medical supply suppliers, such as synthetic absorbable sutures, to meet their clinical needs continuously.
Ambulatory surgery centers (ASCs) are seeing the fastest growth in the market for synthetic absorbable sutures. This expansion is spurred by the growing popularity of minimally invasive operations, which are frequently performed in ASCs. These operations frequently necessitate sutures that disintegrate over time, making synthetic absorbable alternatives an obvious choice.
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Country/Region-wise Acumens
Will Healthcare Infrastructure Raise the North American Synthetic Absorbable Suture Market?
North America now dominates the Synthetic Absorbable Sutures Market. North America contributes significantly to the region’s market for synthetic absorbable sutures. North America’s well-developed healthcare system, which includes advanced medical facilities, large healthcare expenditures, and strong regulatory frameworks, fosters the adoption of breakthrough medical technologies. Synthetic absorbable sutures are crucial medical materials used in hospitals and outpatient clinics for a variety of surgical specialties. The region’s extensive healthcare infrastructure accommodates a large number of surgical procedures, ranging from basic surgeries to sophisticated interventions, in which these sutures are critical for wound closure and recovery.
The emphasis on quality healthcare delivery and patient safety in North America encourages the use of innovative medical devices, such as synthetic absorbable sutures. Healthcare facilities prioritize the use of sutures that provide consistent performance, lower the risk of complications, and improve patient outcomes.
As the prevalence of chronic diseases in North America rises, there will be a continued demand for surgical treatments that require appropriate wound closure solutions. This demographic trend, together with continued advances in surgical methods and a commitment to healthcare excellence, establishes North America as a crucial market for synthetic absorbable sutures. Manufacturers in the region benefit from a sophisticated distribution network and excellent ties with healthcare providers, allowing them to efficiently address the region’s expanding healthcare infrastructure requirements.
Will the Rapidly Growing Population Accelerate the Asia Pacific Region for the Synthetic Absorbable Sutures Market?
The Asia Pacific region is seeing the most rapid growth in the Synthetic Absorbable Sutures Market. As Asia Pacific’s population grows, urbanizes, and develops, there is a greater demand for healthcare services and medical interventions. This demographic transition leads to an increase in the number of surgical procedures performed across a variety of specialties, including general surgery, orthopedics, obstetrics, and cardiovascular surgery. Synthetic absorbable sutures are vital medical supplies utilized in various wound closure techniques, providing benefits such as reduced infection risk, little tissue reactivity, and progressive absorption that are in line with the region’s healthcare needs.
The increased frequency of chronic diseases, combined with lifestyle changes and aging populations in many Asia Pacific countries, increases the demand for surgical operations requiring dependable and effective wound closure materials. Synthetic absorbable sutures are chosen in these situations because of their biocompatibility, consistent absorption rates, and ability to promote optimal healing results. As the region’s healthcare infrastructure expands and improves, supported by government initiatives and private investments, surgical treatments become more accessible and affordable, contributing to the expansion of the Synthetic Absorbable Sutures Market.
Competitive Landscape
The Synthetic Absorbable Sutures Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the Synthetic Absorbable Sutures Market include
Mani, Internacional Farmacéutica, Braun, Johnson and Johnson, Medical Medtronic, Peters Surgical, DemeTech, Surgical Specialties, Hu-Friedy
Latest Developments
- In April 2021, Dolphin Sutures launched a new non-absorbable Polytetrafluoroethylene suture ‘TEFLENE’ in India, growing its product portfolio. It is a non-absorbable monofilament suture material consisting of a thread of polytetrafluoroethylene (PTFE).
Report Scope
REPORT ATTRIBUTES | DETAILS |
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Study Period | 2018-2031 |
Growth Rate | CAGR of 5.60% from 2024 to 2031 |
Base Year for Valuation | 2023 |
Historical Period | 2018-2022 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players |
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Customization | Report customization along with purchase available upon request |
Synthetic Absorbable Sutures Market, By Category
Type
- Valve Suture
- Cardiovascular Suture
- Orthopedic Suture
- Cosmetic Surgery Suture
- General Suture
End Users
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centres
Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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