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The absorbable sutures market size is forecast to increase by USD 670.7 million at a CAGR of 4.47% between 2023 and 2028. Absorbable sutures have gained significant traction in the healthcare industry due to their numerous benefits over traditional sutures. The global market for absorbable sutures is witnessing growth owing to the increasing number of surgical procedures worldwide. The demand for absorbable sutures is particularly high in emerging economies, where the healthcare infrastructure is expanding and medical professionals are increasingly adopting advanced medical technologies. However, the market faces challenges such as the risk of infection and complications associated with absorbable sutures. These complications can lead to increased healthcare expenditure and the need for additional medical interventions. Furthermore, the ongoing pandemic and lockdown measures have disrupted healthcare facilities and access to medical practitioners, potentially impacting the market growth. Despite these challenges, the trend towards minimally invasive surgeries and the rising prevalence of ischemic heart diseases and lifestyle diseases are expected to drive the demand for absorbable sutures in the coming years.
The market for absorbable sutures is experiencing significant growth due to several factors. Medical practitioners are increasingly utilizing absorbable sutures in surgical procedures for various chronic diseases, such as cardiovascular diseases, cancer, diabetes, and traumatic injuries. The aging population is a significant contributor to the healthcare demands for absorbable sutures. Chronic diseases are prevalent among older adults, necessitating surgical interventions. Absorbable sutures are preferred in such cases due to their ability to dissolve on their own, eliminating the need for secondary surgeries to remove sutures.
Moreover, the rise in elective surgeries and minimally invasive procedures has led to an increased demand for absorbable sutures. Plastic surgeons and healthcare professionals are increasingly opting for these sutures due to their ability to minimize scarring and reduce recovery time. The healthcare industry's focus on minimizing complications and improving patient outcomes is another growth driver for the market. Absorbable sutures reduce the risk of infection and other complications associated with traditional sutures. The emergence of lockdown measures and the subsequent shift towards telemedicine and remote healthcare have led to an increased emphasis on minimally invasive procedures.
In addition, absorbable sutures are a crucial component of these procedures, making them a valuable investment for healthcare facilities. The healthcare industry in emerging economies is witnessing significant growth, and the demand for absorbable sutures is expected to follow suit. The increasing number of healthcare professionals and the growing awareness of advanced surgical techniques are expected to fuel the market's growth in these regions. In conclusion, the synthetic needle and thread market for absorbable sutures is poised for growth due to the rising prevalence of chronic diseases, the aging population, the focus on minimally invasive procedures, and the increasing demand from emerging economies. Absorbable sutures offer several advantages, including reduced complications, improved patient outcomes, and minimized scarring, making them a preferred choice for medical practitioners and healthcare facilities.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The monofilament sutures segment is estimated to witness significant growth during the forecast period. Monofilament absorbable sutures, a type of medical technology, are preferred by many surgeons due to their numerous advantages in various medical applications. These sutures consist of a single filament without braids, such as multifilament sutures, allowing them to easily pass through tissues with minimal friction. The smooth texture of monofilament sutures causes less tissue trauma and elicits fewer reactions. Moreover, since there are no gaps in these sutures where bacteria can grow, the risk of microbial colonization is significantly reduced. Manufacturers produce monofilament sutures using structures like polypropylene, Poly-p-dioxanone (PDO), stainless steel wire, and natural silk, both naturally and synthetically.
Furthermore, the benefits of monofilament absorbable sutures are substantial. They cause less tissue trauma, making them an excellent choice for minimally invasive procedures. Orthopedic disorders and plastic surgery are some medical fields where these sutures are extensively used. The paradigm shift towards less invasive procedures and precision in medical technology has further boosted the demand for monofilament absorbable sutures.
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The monofilament sutures segment accounted for USD 1.54 billion in 2018 and showed a gradual increase during the forecast period.
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.
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Absorbable sutures, also known as resorbable sutures or dissolvable threads, have gained significant traction in the healthcare industry, particularly in the US and Canada, which collectively account for a substantial share of the market in North America. The US is a major contributor to the global market due to its large consumer base and favorable reimbursement policies. The increasing expenditures and initiatives in healthcare, coupled with a growing awareness among the population about chronic diseases and the importance of maintaining good health, have fueled the market's growth. Advanced healthcare infrastructure in North America, including state-of-the-art hospitals, ambulatory surgical centers, and specialty clinics, further bolsters the market's growth.
In addition, absorbable sutures offer several advantages over traditional sutures, such as reduced scarring, improved patient comfort, and elimination of the need for secondary procedures for suture removal. In the US, the market for absorbable sutures is driven by the rising number of product approvals and the increasing popularity of tissue adhesives and vessel closure solutions as alternative wound closure technologies. Overall, the US market for absorbable sutures is expected to maintain its dominance during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing number of surgical procedures globally is the key driver of the market. Absorbable sutures have gained significant traction in the medical field due to their use in various surgical procedures. The increasing demand for these sutures can be attributed to several factors. One of the primary drivers is the aging population, as older adults often require surgical interventions for conditions such as cardiovascular diseases and cancers. Additionally, advancements in medical technology have led to the development of biodegradable sutures made from biodegradable materials, which offer numerous benefits over traditional sutures. Adhesive tissue sealants have also gained popularity as they promote faster healing and reduce the risk of infection. The expansion of healthcare access and the increasing number of surgical procedures being performed are also contributing factors.
Furthermore, minimally invasive surgical techniques, robotic-assisted surgeries, and innovative approaches have become more common due to their advantages, including reduced trauma, shorter recovery times, and improved patient outcomes. These advancements have broadened the scope of surgical interventions, leading to an increase in the number of procedures being carried out.
Rising demand for absorbable sutures from emerging economies is the upcoming trend in the market. The market experiences significant growth due to various factors. In developed countries, there is a trend towards advanced wound closure methods, such as adhesives and sealants, which increases the demand for absorbable sutures. companies are capitalizing on this shift by expanding their business in emerging economies. For instance, the increasing prevalence of chronic diseases, particularly in Asian countries, and the rising volume of surgeries in countries like China and India with large patient populations, create favorable conditions for market expansion. Moreover, emerging economies offer several advantages, including better economic growth, access to capital, supportive government initiatives, and enhanced healthcare facilities.
In addition, healthcare professionals, including medical practitioners and healthcare facilities, are increasingly adopting absorbable sutures due to their benefits in hemostasis and the reduction of post-surgical complications. Ischemic heart diseases and lifestyle diseases are significant contributors to the increasing demand for surgical procedures, further fueling market growth. According to recent data, healthcare expenditure in emerging economies is projected to increase, providing ample opportunities for market participants.
Risk of infection and complications associated with absorbable sutures is a key challenge affecting the market growth. Absorbable sutures are a crucial component in various surgical procedures, particularly those related to cerebrovascular diseases and elective surgeries. However, despite their benefits, the use of absorbable sutures comes with potential complications, including infections and other chronic conditions. These complications can significantly impact patient health and add to healthcare costs. Surgical site infections (SSIs) are a primary concern when it comes to absorbable sutures. Even with stringent sterilization protocols and aseptic techniques, the risk of bacterial contamination and subsequent infections remains. Factors such as the patient's overall health, the type and duration of the surgery, and the presence of underlying medical conditions like diabetes can influence the likelihood of SSIs.
In addition, chronic diseases, such as diabetes, can weaken the immune system and increase the risk of infections. In emerging economies, where healthcare demands are on the rise, the prevalence of chronic conditions is increasing, leading to a higher need for absorbable sutures. Therefore, it is essential to address the challenges associated with absorbable sutures to ensure optimal patient outcomes and reduce healthcare costs.
The market forecasting 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 market growth analysis strategies.
Customer Landscape
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 market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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.
Absorbable sutures, made from biodegradable materials, have gained significant attention in the medical technology industry due to their ability to dissolve on their own after healing. These sutures offer several advantages over traditional sutures, including reduced complications, improved precision, and faster recovery times. The aging population and the rising prevalence of chronic conditions, such as cancer, cardiovascular diseases, cerebrovascular diseases, diabetes, and mental illness, have fueled the demand for absorbable sutures. The healthcare industry is witnessing a paradigm shift towards minimally invasive procedures and telehealth assessments, further boosting the adoption of absorbable sutures. Biodegradable sutures are increasingly being used in elective surgeries, orthopedic disorders, sports-related injuries, and traumatic injuries.
In addition, adhesive tissue sealants, hemostats, surgical sealants, and tissue adhesives are complementary products that are often used in conjunction with absorbable sutures for wound closure and vessel closure. Regulatory requirements and pricing pressures are key challenges for absorbable suture manufacturers. However, the emergence of smart sutures and the increasing healthcare demands in emerging economies present significant opportunities for growth. Suture threads and needle technologies continue to evolve, with synthetic materials and precision engineering enabling the production of high-performance absorbable sutures. The use of absorbable sutures is expected to expand across various surgical procedures, including plastic surgery and general surgery, as medical professionals seek reliable and efficient wound closure solutions.
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Market Scope |
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Report Coverage |
Details |
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Page number |
153 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.47% |
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Market growth 2024-2028 |
USD 670.7 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.11 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 50% |
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Key countries |
US, Germany, Japan, UK, and China |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
B.Braun SE, Bactiguard Holding AB, Boston Scientific Corp., Boz Tibbi Malzeme Sanayi ve Tic. A.S, Centenial Surgical Suture Ltd., CPT SUTURES CO. LTD., DemeTECH Corp., Futura Surgicare Pvt. Ltd., Gunze Ltd., Johnson and Johnson Services Inc., KATSAN KATGUT SANAYI VE TICARET A.S, LUXSUTURES, Medtronic PLC, META BIOMED CO. LTD., Orion Sutures India Pvt. Ltd., Surgical Sutures Pvt. Ltd., Sutumed Corp., Suture Planet, Teleflex Inc., and Unisur Lifecare Pvt. Ltd. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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