Surgical Suture Market Size, Share, Growth Analysis, By Product (Suture Threads, Automated Suturing Devices), By Type (Multifilament Sutures, Monofilament Sutures), By Application (Cardiovascular Surgery, General Surgery), By End User (Hospitals, Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031

Global Surgical Sutures Market size was valued at USD 3.5 billion in 2022 and is poised to grow from USD 3.73 billion in 2023 to USD 6.17 billion by 2031, growing at a CAGR of 6.50% during the forecast period (2024-2031).

The Global Surgical Suture Market is highly competitive and fragmented, with a large number of players operating in the market. The market is dominated by a few major players, but there are also many smaller players that have a significant presence in regional markets. The competition in the surgical suture market is based on factors such as product quality, innovation, pricing, distribution channels, and customer service. The market is also influenced by factors such as healthcare expenditure, the prevalence of chronic diseases, and the aging population. As a result, companies in the market are investing heavily in research and development to develop new and innovative products and expand their market presence. 'Ethicon, Inc. (A Subsidiary of Johnson & Johnson) (US) ', 'Medtronic Plc (Ireland) ', 'B. Braun SE (Germany) ', 'Advanced Medical Solutions Group Plc (AMS Group) (UK) ', 'Healthium Medtech Limited (India) ', 'Internacional Farmaceutica S.A. De C.V. (Mexico) ', 'Peters Surgical (France) ', 'Corza Medical (US) ', 'Boston Scientific Corporation (US) ', 'Demetech Corporation (US) ', 'Zimmer Biomet Holdings, Inc. (US) ', 'Stryker Corporation (US) ', 'Smith & Nephew Plc (UK) ', 'Conmed Corporation (US) ', 'Mellon Medical B.V. (Netherlands) ', 'Unisur Lifecare Pvt. Ltd. (India) ', 'Assut Europe (Italy) ', 'Katsan Katgut Sanayi Ve Tic. A.S. (Turkey) ', 'Sutumed Corp. (Peru) ', 'Aqmen Medtech Pvt. Ltd. (India) ', 'Futura Surgicare Pvt. Ltd. (India) ', 'Anchora Medical Ltd. (Israel) ', 'Lotus Surgicals (India) ', 'Biosintex (Romania) ', 'Meril Life Sciences Pvt. Ltd. (India)'

The demand for surgical sutures is driven by the increasing number of surgeries being performed globally. The aging population, rising prevalence of chronic diseases, and increasing adoption of minimally invasive surgeries are all contributing to the growth of the surgical suture market.

Increasing demand for absorbable sutures: Absorbable sutures are becoming increasingly popular due to their ability to reduce the risk of complications such as infections and wound dehiscence. This is driving demand for absorbable sutures, which are expected to see significant growth in the coming years.

North America is the largest market for surgical sutures globally, with the US being the major contributor to the region's growth. The North America market is the largest globally and is expected to continue to grow in the coming years. The market is primarily driven by factors such as increasing demand for surgeries, a high level of healthcare expenditure, and the adoption of advanced medical technologies. The North America market is driven by a high level of healthcare expenditure in the region. The US, in particular, has one of the highest healthcare expenditures globally, which has contributed significantly to the growth of the market. North America is a region characterized by a high level of technological advancement in the healthcare sector. The region has seen the development of new materials and technologies, such as absorbable sutures and surgical meshes, which have improved wound healing and reduced the risk of infection, leading to better patient outcomes. Overall, the North America market is expected to continue growing in the coming years, driven by factors such as increasing demand for surgeries, a high level of healthcare expenditure, and the adoption of advanced medical technologies. The market is highly competitive, with several major players operating in the region, and is expected to remain a major contributor to the global surgical suture market.