Absorbable surgical suture market is expected to witness steady growth, reaching USD 3.74 billion by 2030, with a CAGR of 4.49% from 2022.

To Know more about this report (Description, TOC and List of Tables and Figures) — Absorbable Surgical Suture Market

This growth is driven by several factors, including:

• Rising number of surgical procedures: Increasing prevalence of chronic diseases, aging population, and advancements in minimally invasive surgeries are leading to more procedures requiring absorbable sutures.
• Benefits of absorbable sutures: Compared to non-absorbable sutures, they eliminate the need for suture removal, reducing patient discomfort and hospital stays, while offering comparable wound closure performance.
• Technological advancements: Development of new materials and suture designs with improved strength, handling characteristics, and tissue compatibility are further fueling market growth.

Key Players

Major players in the absorbable surgical suture market include:

• Medtronic (US)
• Johnson & Johnson (US)
• Boston Scientific (US)
• 3M (US)
• Smith & Nephew (UK)
• Ethicon (US)
• Braun Melsungen (Germany)
• DemeTECH (US)
• Internacional Farmaceutica (Mexico)
• Sutures India (India)
• L. Gore & Associates (US)
• EndoEvolution (US)

Drivers and Opportunities

Several factors are driving growth in the absorbable surgical suture market:

• Increasing demand for minimally invasive surgeries: Minimally invasive surgeries require smaller incisions and sutures that dissolve naturally, driving demand for absorbable sutures.
• Rising healthcare expenditure: Increasing healthcare budgets globally are supporting investments in advanced medical technologies, including absorbable sutures.
• Growing awareness of patient benefits: Patients are increasingly opting for procedures with minimal discomfort and faster recovery times, further propelling the market.

Key opportunities in the market include:

• Development of innovative suture materials: New materials with superior characteristics can offer enhanced performance and expand market reach.
• Expansion into emerging markets: Growing economies in Asia Pacific and Latin America present significant opportunities for market expansion.
• Focus on cost-effectiveness: Developing affordable absorbable sutures can increase accessibility and market penetration.

Segmentation

By Type:

• Synthetic Sutures (Polyglactin 910, Polydioxanone, Polyglycolic Acid)
• Natural Sutures (Collagen, Catgut)
• By Application:
• Hospitals
• Clinics
• Ambulatory Surgery Centers
• Others (Veterinary Applications)

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Overall, the absorbable surgical suture market is poised for continued growth due to rising demand for minimally invasive surgeries, increasing healthcare expenditure, and growing awareness of patient benefits. Key players can capitalize on this growth by focusing on innovation, expanding into emerging markets, and offering cost-effective solutions.