Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Surgical Sutures Market size is expected to reach $5.3 billion by 2027, rising at a market growth of 5.1% CAGR during the forecast period.
The Absorbable segment is leading the Global Surgical Sutures Market by Type in 2020; thereby, achieving a market value of $3.1 billion by 2027. Absorbable sutures are also known as dissolvable stitches which are automatically absorbed by the body as the wound completely heals. This kind of suture is made up of fibers intended with animal intestines or polymers. They are more flexible and easy to match the shape of the wound which helps to heal the wound faster. The demand for the absorbable suture is rising rapidly, which is further expected to fuel the growth of the absorbable segment.
The Monofilament segment is showcasing a CAGR of 3.8% during (2021 - 2027). Monofilament consists of a single thread. These types of sutures are made up of polydioxanone, prolene, monocryl, and nylon which make it harder to knot the suture. Monofilament sutures are tough to handle which may cause crushing and crimping and lead to some suture failure during the treatment period even if, these structures have a low risk of infection in the body.
The General Surgery segment acquired maximum revenue share in the Global Surgical Sutures Market by Application in 2020; thereby, achieving a market value of $1.2 billion by 2027. General surgery is a discipline that requires core knowledge in physiology, metabolism, immunology, anatomy, pathology, and many other surgical specialties. In addition, general surgery also includes diseases related to the skin, trauma, hernias and perform endoscopic procedures such as colonoscopy and gastroscopy. Due to the technological advancements, major abdominal surgery is now replaced by invasive laparoscopic techniques which cause less pain to the patients and provide a good outcome. Due to these factors, the general surgeries segment is growing at a rapid speed.
The North America is fastest growing region in the Global Surgical Sutures Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.0 billion by 2027. The Europe market is poised to grow at a CAGR of 4.9% during (2021 - 2027). Additionally, The Asia Pacific market would display a CAGR of 5.7% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/surgical-sutures-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Peters Surgical, Corza Medical, Smith & Nephew PLC, Johnson and Johnson (Ethicon, Inc.), Boston Scientific Corporation, B. Braun Melsungen AG, DemeTECH Corporation, Medtronic PLC, ConMed Corporation, and Integra LifeSciences Holdings Corporation.
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