Market Overview:
The global surgical stainless steel suture market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing number of surgeries being performed and the rising demand for minimally invasive surgeries. In addition, the growing awareness about safety and hygiene among healthcare professionals is also contributing to the growth of this market. Based on type, monofilament steel suture held a major share of the global surgical stainless steel suture market in 2017. This can be attributed to its superior properties such as strength, knot security, and reduced tissue reaction as compared to multifilament steel sutures. Based on application, abdominal wound closure held a major share of the global surgical stainless steel suture market in 2017 owing to its high usage rates across various surgery types such as general surgery, gynecology surgery, and urology surgery. Geographically, North America was estimated to hold a leading share of 43% in 2017 followed by Europe which accounted for 27%.
Product Definition:
Surgical Stainless Steel Suture is a type of surgical suture made from stainless steel. It is often used in surgery because it does not corrode and can withstand high levels of stress.
Monofilament Steel Suture:
Monofilament steel sutures have been around for quite some time. However, their use has been limited to the internal medical field due to lack of technological advancement in manufacturing process. Recently, with growing demand and continuous R&D activities by various companies; monofilament steel sutures are now being used extensively in surgical procedures as an alternative to traditional silk sutures.
Multifilament Steel Suture:
Multifilament steel sutures are used in surgical stainless steel suture market. Stainless steel is a widely accepted material for wound closure procedures due to its biocompatibility, low reactivity & infection rate and easy availability. However, the use of conventional materials such as titanium and polyester results in high post-surgical complications including chronic inflammation & pain along with increased mortality rates.
Application Insights:
The global surgical stainless steel suture market is segmented by application into abdominal wound closure, hernia repair, sternal closure, orthopedic and others. The abdominal wound closure segment dominated the overall market in terms of revenue share in 2017. This can be attributed to the increasing number of laparoscopic gynecology procedures that use absorbable sutures for various purposes including incisional or traumatic wounds healing.
In addition to this factor several other factors such as rising geriatric population base and cases of trauma are contributing towards increased demand for minimally invasive surgeries which also boosts product demand globally. In addition to this growing preference for cosmetic surgeries has also boosted product demand globally over the past few years owing to its properties such as biocompatibility and corrosion resistance which make it a suitable material for these types of surgeries.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by key companies, rising adoption of advanced technologies, and high healthcare expenditure in this region. In addition, growing number of trauma centers and hospitals supported by favorable government initiatives is also anticipated to drive growth during the forecast period.
Asia Pacific is expected to grow at a lucrative rate over the next eight years owing to factors such as improving healthcare infrastructure with an increase in hospital construction projects and rising medical tourism due to availability of skilled professionals at affordable costs coupled with quality treatment options available for patients from developed countries including Japan & China etc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global surgical procedures market is expected to grow at a CAGR of 5.5% from 2016 to 2021. This growth can be attributed to the increasing demand for minimally invasive surgeries, which are less risky and cause less pain and scarring than traditional open surgery. Surgical stainless steel sutures are widely used in minimally invasive surgeries as they are biocompatible and cause minimal tissue damage.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, heart disease, and diabetes is rising due to changing lifestyles and aging populations. These diseases require repeated surgical interventions, which will drive the demand for surgical stainless steel sutures in the coming years.
- Technological advancements in suture materials: Sutures are made from various materials such as natural gut (catgut), synthetic polymers (ePTFE), or metals (stainless steel). With technological advancements, new types of synthetic polymers that cause less tissue inflammation have been developed recently. This will lead to an increase in the use of synthetic polymer-based sutures over metal-based ones in the future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Stainless Steel Suture Market Research Report
By Type
Monofilament Steel Suture, Multifilament Steel Suture
By Application
Abdominal Wound Closure, Hernia Repair, Sternal Closure, Orthopaedic
By Companies
Johnson & Johnson, Teleflex, B.Braun, Medtronic, Orion Sutures, Kono Seisakusho, Surgical Specialties Corporation, Unik Surgical Sutures MFG, Dolphin Suture, CENTENIAL SURGICAL SUTURE, Jiangsu Huida Medical, WASHIESU MEDICAL, Atramat
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Stainless Steel Suture Market Report Segments:
The global Surgical Stainless Steel Suture market is segmented on the basis of:
Types
Monofilament Steel Suture, Multifilament Steel Suture
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
Abdominal Wound Closure, Hernia Repair, Sternal Closure, Orthopaedic
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:
- Johnson & Johnson
- Teleflex
- B.Braun
- Medtronic
- Orion Sutures
- Kono Seisakusho
- Surgical Specialties Corporation
- Unik Surgical Sutures MFG
- Dolphin Suture
- CENTENIAL SURGICAL SUTURE
- Jiangsu Huida Medical
- WASHIESU MEDICAL
- Atramat
Highlights of The Surgical Stainless Steel 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:
- Monofilament Steel Suture
- Multifilament Steel Suture
- By Application:
- Abdominal Wound Closure
- Hernia Repair
- Sternal Closure
- Orthopaedic
- 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 Surgical Stainless Steel 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.
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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?
Surgical stainless steel suture is a type of surgical thread made from 316L stainless steel. It has a high tensile strength and low stretchability, making it ideal for use in surgical applications.
Some of the major companies in the surgical stainless steel suture market are Johnson & Johnson, Teleflex, B.Braun, Medtronic, Orion Sutures, Kono Seisakusho, Surgical Specialties Corporation, Unik Surgical Sutures MFG, Dolphin Suture, CENTENIAL SURGICAL SUTURE, Jiangsu Huida Medical, WASHIESU MEDICAL, Atramat.
The surgical stainless steel suture market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surgical Stainless Steel Suture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Surgical Stainless Steel Suture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surgical Stainless Steel Suture Market - Supply Chain
4.5. Global Surgical Stainless Steel Suture Market Forecast
4.5.1. Surgical Stainless Steel Suture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surgical Stainless Steel Suture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surgical Stainless Steel Suture Market Absolute $ Opportunity
5. Global Surgical Stainless Steel Suture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Surgical Stainless Steel Suture Market Size and Volume Forecast by Type
5.3.1. Monofilament Steel Suture
5.3.2. Multifilament Steel Suture
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surgical Stainless Steel Suture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Surgical Stainless Steel Suture Market Size and Volume Forecast by Application
6.3.1. Abdominal Wound Closure
6.3.2. Hernia Repair
6.3.3. Sternal Closure
6.3.4. Orthopaedic
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surgical Stainless Steel Suture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Surgical Stainless Steel Suture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Surgical Stainless Steel Suture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Surgical Stainless Steel Suture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Surgical Stainless Steel Suture Demand Share Forecast, 2019-2026
9. North America Surgical Stainless Steel Suture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Surgical Stainless Steel Suture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Surgical Stainless Steel Suture Market Size and Volume Forecast by Application
9.4.1. Abdominal Wound Closure
9.4.2. Hernia Repair
9.4.3. Sternal Closure
9.4.4. Orthopaedic
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surgical Stainless Steel Suture Market Size and Volume Forecast by Type
9.7.1. Monofilament Steel Suture
9.7.2. Multifilament Steel Suture
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Surgical Stainless Steel Suture Demand Share Forecast, 2019-2026
10. Latin America Surgical Stainless Steel Suture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Surgical Stainless Steel Suture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Surgical Stainless Steel Suture Market Size and Volume Forecast by Application
10.4.1. Abdominal Wound Closure
10.4.2. Hernia Repair
10.4.3. Sternal Closure
10.4.4. Orthopaedic
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surgical Stainless Steel Suture Market Size and Volume Forecast by Type
10.7.1. Monofilament Steel Suture
10.7.2. Multifilament Steel Suture
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Surgical Stainless Steel Suture Demand Share Forecast, 2019-2026
11. Europe Surgical Stainless Steel Suture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Surgical Stainless Steel Suture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Surgical Stainless Steel Suture Market Size and Volume Forecast by Application
11.4.1. Abdominal Wound Closure
11.4.2. Hernia Repair
11.4.3. Sternal Closure
11.4.4. Orthopaedic
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surgical Stainless Steel Suture Market Size and Volume Forecast by Type
11.7.1. Monofilament Steel Suture
11.7.2. Multifiament Steel Suture
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Surgical Stainless Steel Suture Demand Share, 2019-2026
12. Asia Pacific Surgical Stainless Steel Suture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Surgical Stainless Steel Suture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Surgical Stainless Steel Suture Market Size and Volume Forecast by Application
12.4.1. Abdominal Wound Closure
12.4.2. Hernia Repair
12.4.3. Sternal Closure
12.4.4. Orthopaedic
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surgical Stainless Steel Suture Market Size and Volume Forecast by Type
12.7.1. Monofilament Steel Suture
12.7.2. Multifilament Steel Suture
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Surgical Stainless Steel Suture Demand Share, 2019-2026
13. Middle East & Africa Surgical Stainless Steel Suture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Surgical Stainless Steel Suture Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Surgical Stainless Steel Suture Market Size and Volume Forecast by Application
13.4.1. Abdominal Wound Closure
13.4.2. Hernia Repair
13.4.3. Sternal Closure
13.4.4. Orthopaedic
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surgical Stainless Steel Suture Market Size and Volume Forecast by Type
13.7.1. Monofilament Steel Suture
13.7.2. Multifilament Steel Suture
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Surgical Stainless Steel Suture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surgical Stainless Steel Suture Market: Market Share Analysis
14.2. Surgical Stainless Steel Suture Distributors and Customers
14.3. Surgical Stainless Steel Suture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson & Johnson
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Teleflex
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. B.Braun
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Medtronic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Orion Sutures
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kono Seisakusho
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Surgical Specialties Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Unik Surgical Sutures MFG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dolphin Suture
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CENTENIAL SURGICAL SUTURE
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jiangsu Huida Medical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. WASHIESU MEDICAL
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Atramat
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
