Market Overview:
The global absorbable sutures market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing number of surgeries, rising demand for minimally invasive surgeries, and technological advancements in absorbable suture products. Based on type, the global absorbable sutures market is segmented into catgut, polymer chemistry, collagen suture, and other types. Catgut accounted for the largest share of the global absorbable sutures market in 2017. This can be attributed to its low cost and easy availability compared with other types of absorbable suture materials.
Product Definition:
Absorbable Sutures are stitches that dissolve over time. They are used to close wounds and promote healing.
Catgut:
Catgut is a type of collagen used in surgical sutures. It was traditionally used as an absorbable suture material, but with the advent of synthetic polymers it has been largely replaced by them.
Polymer Chemistry:
Polymer chemistry is the science of combining two or more substances to form a new substance with unique properties. In absorbable sutures, polymer refers to the cross-linking agents that are used in suture materials. The unique property of absorbable sutures is that they can be absorbed by the body and excreted harmlessly by the kidney (renal clearance). This allows for less morbidity or longer hospital stay as compared to traditional metal/polymer wound closures.
Application Insights:
The general surgeries segment dominated the global absorbable sutures market in terms of revenue share in 2017. The high growth rate is attributed to an increase in the geriatric population, which leads to a rise in surgical procedures. According to data published by WHO, it has been estimated that globally, the number of people aged 60 years and above will reach nearly 66 million by 2030 from 54 million currently.
Moreover, according to a study published by NCBI in 2018; it has been estimated that around 1% - 2% of adults suffer from some form of arthritis each year.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing geriatric population, which increases the number of surgical procedures required. Moreover, technological advancements and high healthcare expenditure are also contributing towards regional growth.
Asia Pacific is anticipated to be one of the fastest-growing regions over a period of eight years from 2018 to 2030 owing to rising medical tourism and improving healthcare infrastructure in emerging countries such as China, India, Thailand & Singapore. In addition, growing awareness regarding various surgeries through various campaigns by NGOs will drive demand for absorbable sutures in this region over the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily owing to the advantages offered by these surgeries over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Absorbable sutures are increasingly being used in minimally invasive surgeries as they do not require removal post-surgery and hence offer several benefits over conventional sutures.
- Rising prevalence of chronic diseases: The incidence of chronic diseases such as cancer, heart disease, and diabetes is on the rise globally due to changing lifestyles and increasing population aging rates. These diseases are often treated with surgery which requires the use of absorbable sutures for wound closure. Thus, the growing prevalence of chronic diseases is expected to drive demand for absorbable sutures in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Absorbable Sutures Market Research Report
By Type
Catgut, Polymer Chemistry, Collagen Suture, Other
By Application
Cardiovascular Surgeries, General Surgeries, Gynecological Surgeries, Orthopedic Surgeries, Ophthalmic Surgeries, Other
By Companies
Ethicon(U.S.), B. Braun Melsungen AG (Germany), DemeTECH Corporation (U.S.), Medtronic plc (Ireland), Internacional Farmaceutica, S.A. de C.V. (Mexico), Sutures India Pvt. Ltd. (India), Peters Surgical (France), Smith & Nephew plc (U.K.), EndoEvolution
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Absorbable Sutures Market Report Segments:
The global Absorbable Sutures market is segmented on the basis of:
Types
Catgut, Polymer Chemistry, Collagen Suture, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cardiovascular Surgeries, General Surgeries, Gynecological Surgeries, Orthopedic Surgeries, Ophthalmic Surgeries, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ethicon(U.S.)
- B. Braun Melsungen AG (Germany)
- DemeTECH Corporation (U.S.)
- Medtronic plc (Ireland)
- Internacional Farmaceutica
- S.A. de C.V. (Mexico)
- Sutures India Pvt. Ltd. (India)
- Peters Surgical (France)
- Smith & Nephew plc (U.K.)
- EndoEvolution
Highlights of The Absorbable Sutures Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Catgut
- Polymer Chemistry
- Collagen Suture
- Other
- By Application:
- Cardiovascular Surgeries
- General Surgeries
- Gynecological Surgeries
- Orthopedic Surgeries
- Ophthalmic Surgeries
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Absorbable Sutures Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Absorbable sutures are a type of medical adhesive that dissolve over time. They are used to close wounds and can be removed by the body's natural processes.
Some of the key players operating in the absorbable sutures market are Ethicon(U.S.), B. Braun Melsungen AG (Germany), DemeTECH Corporation (U.S.), Medtronic plc (Ireland), Internacional Farmaceutica, S.A. de C.V. (Mexico), Sutures India Pvt. Ltd. (India), Peters Surgical (France), Smith & Nephew plc (U.K.), EndoEvolution.
The absorbable sutures market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Absorbable Sutures Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Absorbable Sutures Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Absorbable Sutures Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Absorbable Sutures Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Absorbable Sutures Market Size & Forecast, 2020-2028 4.5.1 Absorbable Sutures Market Size and Y-o-Y Growth 4.5.2 Absorbable Sutures Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Catgut
5.2.2 Polymer Chemistry
5.2.3 Collagen Suture
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cardiovascular Surgeries
6.2.2 General Surgeries
6.2.3 Gynecological Surgeries
6.2.4 Orthopedic Surgeries
6.2.5 Ophthalmic Surgeries
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Absorbable Sutures Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Absorbable Sutures Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Catgut
9.6.2 Polymer Chemistry
9.6.3 Collagen Suture
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cardiovascular Surgeries
9.10.2 General Surgeries
9.10.3 Gynecological Surgeries
9.10.4 Orthopedic Surgeries
9.10.5 Ophthalmic Surgeries
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Catgut
10.6.2 Polymer Chemistry
10.6.3 Collagen Suture
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cardiovascular Surgeries
10.10.2 General Surgeries
10.10.3 Gynecological Surgeries
10.10.4 Orthopedic Surgeries
10.10.5 Ophthalmic Surgeries
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Catgut
11.6.2 Polymer Chemistry
11.6.3 Collagen Suture
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cardiovascular Surgeries
11.10.2 General Surgeries
11.10.3 Gynecological Surgeries
11.10.4 Orthopedic Surgeries
11.10.5 Ophthalmic Surgeries
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Catgut
12.6.2 Polymer Chemistry
12.6.3 Collagen Suture
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cardiovascular Surgeries
12.10.2 General Surgeries
12.10.3 Gynecological Surgeries
12.10.4 Orthopedic Surgeries
12.10.5 Ophthalmic Surgeries
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Catgut
13.6.2 Polymer Chemistry
13.6.3 Collagen Suture
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cardiovascular Surgeries
13.10.2 General Surgeries
13.10.3 Gynecological Surgeries
13.10.4 Orthopedic Surgeries
13.10.5 Ophthalmic Surgeries
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Absorbable Sutures Market: Competitive Dashboard
14.2 Global Absorbable Sutures Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ethicon(U.S.)
14.3.2 B. Braun Melsungen AG (Germany)
14.3.3 DemeTECH Corporation (U.S.)
14.3.4 Medtronic plc (Ireland)
14.3.5 Internacional Farmaceutica
14.3.6 S.A. de C.V. (Mexico)
14.3.7 Sutures India Pvt. Ltd. (India)
14.3.8 Peters Surgical (France)
14.3.9 Smith & Nephew plc (U.K.)
14.3.10 EndoEvolution