Market Overview:
The global suture thread 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 demand for minimally invasive surgeries and rising awareness about safety and efficacy of suture threads. Based on type, the global suture thread market is segmented into short-term absorbable, mid-term absorbable, long-term absorbable, and non-absorbable segments. The short-term absorbable segment is expected to account for the largest share of the global market in 2018 owing to its high demand for use in general surgery procedures. By application, hospitals are expected to account for the largest share of the global market in 2018 followed by clinics and others segments respectively.
Product Definition:
Suture thread is a type of thread that is used to sew together two pieces of tissue. It is important because it helps keep the tissue together and helps it heal properly.
Short-term Absorbable:
Short-term absorbable is a new term in the suture thread market. It was introduced by Ethicon, which is a subsidiary of Johnson & Johnson. The short-term absorbable sutures are made up of synthetic materials such as polydioxanone (PDS) and polyglycolic acid (PGA). These sutures are intended for temporary internal body support or external body support depending upon the procedure being performed.
Mid-term Absorbable:
Mid-term absorbable suture threads are a new type of medical device used in surgical procedures. These threads are made from a special material that dissolves after a set period of time, usually within 30 to 45 days but can vary between 15 and 90 days. The main purpose of these threads is to reduce the risk of infection at the surgery site which is achieved by reducing the chances for wound reopening after closure with conventional sutures.
These devices have been studied.
Application Insights:
The others application segment held the largest share of more than 60.0% in 2017. The other applications include operating theaters, home healthcare, and dental care facilities. The increasing number of surgeries coupled with rising geriatric population is expected to drive the demand for sutures over the forecast period. According to WHO, there will be approximately 6-7 billion people in 2050 which represents a growth rate of more than 3% from 2016 to 2050 which is expected to increase global health spending by around USD 10 trillion during this same period resulting in high demand for medical devices & equipment such as surgical Sutures that are used by surgeons during various operations thereby supporting segment growth over the forecast period.
The hospitals application segment accounted for a significant revenue share owing to growing awareness about better hygiene conditions at hospitals leading to increased utilization of disposable products such as sheets.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with the U.S. being the major revenue contributor and Canada being a strong second place finisher in North America’s suture thread industry.
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. The use of suture thread in minimally invasive surgeries will thus drive its demand in the coming years.
- 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 pollution levels. These diseases are often treated with surgery, which requires the use of suture thread for wound closure. Thus, the rising prevalence of chronic diseases will lead to an increase in demand for suture thread products worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Suture Thread Market Research Report
By Type
Short-term Absorbable, Mid-term Absorbable, Long-term Absorbable, Non-Absorbable
By Application
Hospitals, Clinics, Others
By Companies
B.Braun, Teknimed, Gore, Ethicon Endo Surgery, Meta-Biomed, Arthro Surface, Orthomed, RoG Sports Medicine, SMB, Surgiform Technology, Vitrex Medical, Elcya, Arthrex, Depuy Synthes, Kerr Total Care, Torinier
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Suture Thread Market Report Segments:
The global Suture Thread market is segmented on the basis of:
Types
Short-term Absorbable, Mid-term Absorbable, Long-term Absorbable, Non-Absorbable
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
Hospitals, Clinics, 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:
- B.Braun
- Teknimed
- Gore
- Ethicon Endo Surgery
- Meta-Biomed
- Arthro Surface
- Orthomed
- RoG Sports Medicine
- SMB
- Surgiform Technology
- Vitrex Medical
- Elcya
- Arthrex
- Depuy Synthes
- Kerr Total Care
- Torinier
Highlights of The Suture Thread 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:
- Short-term Absorbable
- Mid-term Absorbable
- Long-term Absorbable
- Non-Absorbable
- By Application:
- Hospitals
- Clinics
- 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 Thread 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?
Suture thread is a type of medical thread that is used to close wounds. It can be made from a variety of materials, including cotton, polyester, and silk.
Some of the key players operating in the suture thread market are B.Braun, Teknimed, Gore, Ethicon Endo Surgery, Meta-Biomed, Arthro Surface, Orthomed, RoG Sports Medicine, SMB, Surgiform Technology, Vitrex Medical, Elcya, Arthrex, Depuy Synthes, Kerr Total Care, Torinier.
The suture thread 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. Suture Thread 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. Suture Thread Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Suture Thread Market - Supply Chain
4.5. Global Suture Thread Market Forecast
4.5.1. Suture Thread Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Suture Thread Market Size (000 Units) and Y-o-Y Growth
4.5.3. Suture Thread Market Absolute $ Opportunity
5. Global Suture Thread 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. Suture Thread Market Size and Volume Forecast by Type
5.3.1. Short-term Absorbable
5.3.2. Mid-term Absorbable
5.3.3. Long-term Absorbable
5.3.4. Non-Absorbable
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Suture Thread 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. Suture Thread Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Suture Thread 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. Suture Thread 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 Suture Thread 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. Suture Thread 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 Suture Thread Demand Share Forecast, 2019-2026
9. North America Suture Thread 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 Suture Thread 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 Suture Thread Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Suture Thread Market Size and Volume Forecast by Type
9.7.1. Short-term Absorbable
9.7.2. Mid-term Absorbable
9.7.3. Long-term Absorbable
9.7.4. Non-Absorbable
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 Suture Thread Demand Share Forecast, 2019-2026
10. Latin America Suture Thread 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 Suture Thread 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 Suture Thread Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Suture Thread Market Size and Volume Forecast by Type
10.7.1. Short-term Absorbable
10.7.2. Mid-term Absorbable
10.7.3. Long-term Absorbable
10.7.4. Non-Absorbable
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 Suture Thread Demand Share Forecast, 2019-2026
11. Europe Suture Thread 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 Suture Thread 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 Suture Thread Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Suture Thread Market Size and Volume Forecast by Type
11.7.1. Short-term Absorbable
11.7.2. Mid-term Absorbable
11.7.3. Long-term Absorbable
11.7.4. Non-Absorbable
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 Suture Thread Demand Share, 2019-2026
12. Asia Pacific Suture Thread 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 Suture Thread 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 Suture Thread Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Suture Thread Market Size and Volume Forecast by Type
12.7.1. Short-term Absorbable
12.7.2. Mid-term Absorbable
12.7.3. Long-term Absorbable
12.7.4. Non-Absorbable
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 Suture Thread Demand Share, 2019-2026
13. Middle East & Africa Suture Thread 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 Suture Thread 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 Suture Thread Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Suture Thread Market Size and Volume Forecast by Type
13.7.1. Short-term Absorbable
13.7.2. Mid-term Absorbable
13.7.3. Long-term Absorbable
13.7.4. Non-Absorbable
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 Suture Thread Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Suture Thread Market: Market Share Analysis
14.2. Suture Thread Distributors and Customers
14.3. Suture Thread Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. B.Braun
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Teknimed
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Gore
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ethicon Endo Surgery
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Meta-Biomed
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arthro Surface
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Orthomed
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. RoG Sports Medicine
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SMB
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Surgiform Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Vitrex 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. Elcya
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Arthrex
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Depuy Synthes
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kerr Total Care
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Torinier
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
