Market Overview:
The global suture 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 demand for minimally invasive surgeries and rising awareness about advanced surgical procedures. In addition, the growing geriatric population is also contributing to the growth of this market. Based on type, the global suture market is segmented into 500 KW segments.
Product Definition:
A surgical stitch is a type of knot used to close a wound.
The global Suture market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing prevalence of chronic diseases such as cancer, cardiovascular disorders, and diabetes are some of the major factors driving demand for surgical sutures & staplers worldwide.
100-500 KW:
100-500 KW is the range of power which is used in surgical sutures. It depends upon the weight and strength of materials that are used for suturing. Sutures made from titanium alloys, stainless steel, carbon steel or other metals have different breaking points and thus require different types of force to execute. The higher the kw number, greater is the force required to execute a given task; i.e.
Application Insights:
The global suture market is segmented by application into automobile industry, appliance industry, industrial machinery and others. The automobile industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing demand for superior quality of automobiles across the globe.
The industrial machinery sector held a considerable share in 2017 owing to growing investments in developing countries such as India and China on account of their manufacturing capabilities. These economies are majorly known for their textile industries which require a high number of machines that use metal joints as part of their assembly process.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through the forecast period on account of increasing number of surgical procedures and rising healthcare expenditure in the U.S. In addition, growing medical tourism industry is also expected to drive demand for sutures in North America over the forecast period.
Asia Pacific is anticipated to witness a lucrative growth rate during the forecast years owing to factors such as improving healthcare infrastructure, economic development and rise in consumer disposable income levels which will result into an increase in demand for various advanced medical devices & instruments and ultimately boost market growth over this region will be majorly driven by China, Japan, India & Australia (CJIAA).
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 procedures, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Suture products are an essential part of any minimally invasive surgery kit and will thus benefit from this growth trend.
- 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 conditions often require surgical intervention for treatment, which in turn drives demand for sutures worldwide.
- Technological advancements in suture products: Sutures are now being manufactured with advanced materials that offer superior performance characteristics compared to traditional sutures made from natural materials like silk or catgut threading material . This has led to an increase in their adoption by surgeons worldwide, thereby driving market growth .
Scope Of The Report
Report Attributes
Report Details
Report Title
Suture Market Research Report
By Type
<100 KW, 100-500 KW, >500 KW
By Application
Automobile Industry, Appliance Industry, Industrial Machinery, Others
By Companies
Nidec, AMETEK, VS Technology, Shandong Kehui Power Automation, Maccon GmbH, Rongjia Motor, Shandong Desen, Huayang, Heliad, Rocky Mountain Technologies
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Suture Market Report Segments:
The global Suture market is segmented on the basis of:
Types
<100 KW, 100-500 KW, >500 KW
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
Automobile Industry, Appliance Industry, Industrial Machinery, Others
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:
- Nidec
- AMETEK
- VS Technology
- Shandong Kehui Power Automation
- Maccon GmbH
- Rongjia Motor
- Shandong Desen
- Huayang
- Heliad
- Rocky Mountain Technologies
Highlights of The Suture 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:
- <100 KW
- 100-500 KW
- >500 KW
- By Application:
- Automobile Industry
- Appliance Industry
- Industrial Machinery
- Others
- 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 Suture 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Suture is a medical procedure used to close a wound.
Some of the major players in the suture market are Nidec, AMETEK, VS Technology, Shandong Kehui Power Automation, Maccon GmbH, Rongjia Motor, Shandong Desen, Huayang, Heliad, Rocky Mountain Technologies.
The suture 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 Suture 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 Suture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Suture 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 Suture 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 Suture Market Size & Forecast, 2020-2028
4.5.1 Suture Market Size and Y-o-Y Growth
4.5.2 Suture 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 <100 KW
5.2.2 100-500 KW
5.2.3 >500 KW
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 Automobile Industry
6.2.2 Appliance Industry
6.2.3 Industrial Machinery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Suture 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 Suture 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 <100 KW
9.6.2 100-500 KW
9.6.3 >500 KW
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 Automobile Industry
9.10.2 Appliance Industry
9.10.3 Industrial Machinery
9.10.4 Others
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 <100 KW
10.6.2 100-500 KW
10.6.3 >500 KW
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 Automobile Industry
10.10.2 Appliance Industry
10.10.3 Industrial Machinery
10.10.4 Others
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 <100 KW
11.6.2 100-500 KW
11.6.3 >500 KW
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 Automobile Industry
11.10.2 Appliance Industry
11.10.3 Industrial Machinery
11.10.4 Others
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 <100 KW
12.6.2 100-500 KW
12.6.3 >500 KW
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 Automobile Industry
12.10.2 Appliance Industry
12.10.3 Industrial Machinery
12.10.4 Others
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 <100 KW
13.6.2 100-500 KW
13.6.3 >500 KW
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 Automobile Industry
13.10.2 Appliance Industry
13.10.3 Industrial Machinery
13.10.4 Others
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 Suture Market: Competitive Dashboard
14.2 Global Suture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nidec
14.3.2 AMETEK
14.3.3 VS Technology
14.3.4 Shandong Kehui Power Automation
14.3.5 Maccon GmbH
14.3.6 Rongjia Motor
14.3.7 Shandong Desen
14.3.8 Huayang
14.3.9 Heliad
14.3.10 Rocky Mountain Technologies
