Global Absorbable Sutures Market 2019-2023

The global absorbable sutures market is forecast to grow at a CAGR of over 4% during 2018-2023, and the surgical sutures market size will increase by USD 475.15 million during the forecast period of 2019-2023. Between 2018-2023, the absorbable sutures market will grow at a faster pace than the overall market growth in 2019. The growth momentum of the absorbable sutures market is expected to accelerate in the second half of the forecast period compared to the increase in the first half.

The absorbable sutures market is concentrated, and the degree of concentration is expected to remain the same by 2023. An outlook of accelerating growth would provide opportunities to all market participants to grow. Market participants should focus on the opportunities on the demand side rather than getting overly impacted with the competitive dynamics. The accelerating growth momentum will be one of the contributing factors moderating the competitive intensity in the surgical sutures market over the forecast period.

Some of the key findings from our absorbable sutures market forecast report are summarized below

General surgeries was the largest segment within the overall market in 2018 and will continue to remain so in 2023. The growth rate of the general surgeries, orthopedic surgeries, and gynecology surgeries segments will be faster than the global market growth during the forecast period 2019-2023. However, the growth rate of ophthalmic surgeries and other segments will be slower than the overall surgical sutures market growth.

To identify growth opportunities, the absorbable sutures market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. Asia and North America will grow faster than the overall market. Market growth in Europe and ROW will be slower than the global market.

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The absorbable sutures market report provides a detailed analysis of the market by type (synthetic absorbable sutures and natural absorbable sutures), application (general surgeries, orthopedic surgeries, gynecology surgeries, ophthalmic surgeries, and others) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including B. Braun Melsungen AG, Boston Scientific Corporation, DemeTECH Corporation, Johnson & Johnson Services Inc., Medtronic, and Teleflex Incorporated.

Global absorbable sutures industry overview

The applicability and efficacy of sutures have enhanced considerably because of several technological advancements in material science. The development of biodegradable polymers has proved to be immensely beneficial for surgical suturing as it offers excellent mechanical and physical properties and can be easily broken down, excreted, and resorbed thereby eliminating the need for surgical removal. The therapeutic potential of such sutures is also high as it can act as carriers of stem cells, drugs, peptides, antibodies, proteins, DNA, and nanoparticles to the desired site. The development of antimicrobial sutures, smart sutures, knotless barbed sutures, and bioactive sutures will also have a positive impact on wound management and surgical outcomes. These developments and advancements in suturing materials will be critical trends that will drive absorbable sutures market growth during the next five years.

Absorbable sutures help in overcoming challenges of non-absorbable sutures such as follow-up visits for suture removal and scarring and infection. Moreover, the removal of non-absorbable sutures is inconvenient and expensive and if not removed, can result in sinus and extrusion. Absorbable sutures provide tensile strength as long as required, and as soon as the tissue regains strength, it dissolves entirely through proteolytic enzymatic degradation. These advantages of absorbable sutures will boost its adoption by surgeons and healthcare professionals, driving surgical sutures market growth at a CAGR of over 4% during the forecast period.

Top companies covered in the absorbable sutures market research report

The global absorbable sutures market is concentrated. To help clients improve their market position, the surgical sutures market report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this absorbable sutures market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several absorbable suture companies, including:

• B. Braun Melsungen AG
• Boston Scientific Corporation
• DemeTECH Corporation
• Johnson & Johnson Services Inc.
• Medtronic
• Teleflex Incorporated

Absorbable sutures market segmentation based on application

• General surgeries
• Orthopedic surgeries
• Gynecology surgeries
• Ophthalmic surgeries
• Others

The general surgeries segment will account for the largest absorbable sutures market share throughout the forecast period. Absorbable sutures offer various benefits including reduced risk of chronic drainage of fluid from abdominal incisions post surgeries. This will boost the adoption of absorbable sutures for general surgery applications. Moreover, these sutures are also considered for surgeries such as breast augmentation, mammoplasty, and others.

Absorbable sutures market segmentation based on geographic region

• Asia
• Europe
• North America
• ROW

With a complete study of the growth opportunities for the companies, it has been identified that North America will account for the largest absorbable sutures market share throughout the forecast period. Factors such as the high prevalence of chronic diseases, the growing number of ASCs, the rising number of surgeries, and the presence of established vendors will drive absorbable sutures market growth in this region.

Key highlights of the global absorbable sutures market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the absorbable sutures market during the next five years
• Precise estimation of the global absorbable sutures market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the absorbable sutures industry across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of absorbable sutures companies

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