Overview

Surgical Suture Market Introduction:

The Surgical Suture Market is projected to value over USD 5.6 billion by 2027 end and register CAGR of over 5.5% during the forecast period 2020-2027. 
The rise in the number of surgical procedures and favourable reimbursement policies are the key factors propelling the surgical suture market. The increasing awareness of patient safety during surgeries coupled with the launch of advanced sutures is expected to bolster the market during the forecast period. Ageing baby boomers are expected to positively influence the market.

Surgical Suture Market Overview:
The market is bifurcated into type, filament, application, end-user, and region. In terms of type, the absorbable suture is expected to lead the market growth. Absorbable suture offers temporary support to the wound and provides faster healing. It can undergo normal stress and is not required to be removed post-surgery as it gets absorbed in the body after a certain amount of time. Owing to these factors, there has been a spike in demand for absorbable suture, thus complementing the growth of the market. 

In terms of filament, the multifilament suture is expected to dominate the growth of the market. Multivalent sutures are preferred over staples and adhesives as its more precise and gives less pain than staples and adhesive. Multivalent sutures offer more accuracy in closing complicated wounds and it offers more strength, flexibility and pliability than monovalent filament. Owing to these features, this segment is expected to inflate the market.

On the basis of application, cardiovascular surgery is expected to show significant growth owing to technological advancements in surgical tools and diagnostics. The increasing inclination towards minimally invasive medical procedures and the rising number of cardiovascular surgeries is accelerating the growth of the market.

Based on end-user, hospitals are expected to hold a major share of the market owing to the rise in complex surgeries, favourable reimbursement offers and rising geriatric population. The presence of developed healthcare infrastructure in developed nations is also escalating the market.

In terms of regions, North America is the global leader of the market. The easy accessibility, high adoption of advanced diagnostic equipment and rising healthcare expenditure in countries like Canada and the US are stimulating the market in the region. Asia-Pacific region is expected to showcase exponential growth during the forecast period. Rapidly improving healthcare infrastructure alongside rising per capita income in emerging economies like China, Japan and India are bolstering the market in the region. In addition, favorable policies launched by the governments of these countries are expected to boost the market growth in the region.
 
Major players of the market are B. Braun Melsungen AG, Medtronic Plc, Ethicon Inc. (A Subsidiary of Johnson & Johnson), Boston Scientific Corporation, Péters Surgical, Smith & Nephew, Demetech Corporation, Internacional Farmacéutica S.A. De C.V., Sutures India Pvt. Ltd., Integra LifeSciences.

Competitive Landscape: 
●     Prominent players are bolstering their foothold in the market through collaborations and acquisitions
●     Integra LifeSciences acquired Derma Science in 2017. The move helped Integra LifeSciences to expand its products

 

Surgical Suture Market Segmentation:
By Type 
●     Absorbable
●     Non-Absorbable 
By Filament 
●     Monovalent 
●     Multivalent 
By Application 
●     Cardiovascular Surgery 
●     Ophthalmic Surgery 
●     Orthopedic Surgery 
●     General Surgery
●     Gynecological Surgery
●     Cosmetic & Plastic Surgery 
●     Others 
By End-User
●     Hospitals 
●     Ambulatory Surgical Centers and Clinics
By Region
●     North America
●     Europe
●     Asia Pacific
●     Latin America
●     Rest of the World
 
FutureWise Key Takeaways
●  Growth Prospects
●  SWOT Analysis
●  Key Trends
●  Key data-points affecting market growth
 
Objectives of the Study:
• To provide with an exhaustive analysis on the surgical suture market by type, by filament, by application, by end-user and by region 
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• Evaluate and forecast micro-markets and the overall market 
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies

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Table of Contents

1. Market Introduction
        1.1. Objectives of the Study 
        1.2. Market Definition 
        1.3. Market Scope 
               1.3.1. Years Considered for the Study
               1.3.2. Market Covered
        1.4. Currency 
        1.5. Limitations 
        1.6. Stakeholders 
 2.  Research Methodology 
        2.1. Research Data 
               2.1.1. Secondary Data
                          2.1.1.1. Key Data from Secondary Sources
               2.1.2. Primary Data
         2.1.2.1. Key Data from Primary Sources
        2.2. Market Size Estimation 
        2.3. Market Breakdown and Data Triangulation 
        2.4. Assumptions for the Study  
3. Executive Summary
        3.1. Market Outlook
        3.2. Segment Outlook
        3.3. Competitive Insights
4. Global Surgical Suture Market Variables, Trends & Scope
        4.1. Market Lineage Outlook
        4.2. Penetration and Growth Prospect Mapping
        4.3. Industry Value Chain Analysis
        4.4. Cost Analysis Breakdown
        4.5. Technology Overview
        4.6. Regulatory Framework
                 4.6.1. Reimbursement Framework
                 4.6.2. Standards and Compliances
5. Global Surgical Suture Market Overview
        5.1. Market Dynamics
                  5.1.1. Market Driver Analysis
                            5.1.1.1. Increasing focus of Surgical Suture Companies on Brand Protection
                            5.1.1.2. Untapped Opportunities in Emerging Regions
                  5.1.2. Market Restraint Analysis
                            5.1.2.1. High Cost Associated with Implementation of Predictive Analysis
                  5.1.3. Industry Challenges
                            5.1.3.1. Presence of Ambiguous Regulatory Framework
6. Global Surgical Suture Market Analysis Tools
        6.1. Industry Analysis - Porter’s
               6.1.1. Supplier Power
               6.1.2. Buyer Power
               6.1.3. Substitution Threat
               6.1.4. Threat from New Entrants
               6.1.5. Competitive Rivalry
        6.2. Pestel Analysis
               6.2.1. Political Landscape
               6.2.2. Environmental Landscape
               6.2.3. Social Landscape
               6.2.4. Technology Landscape
               6.2.5. Legal Landscape
        6.3. Major Deals And Strategic Alliances Analysis
                6.3.1. Joint Ventures
                6.3.2. Mergers and Acquisitions
                6.3.3. Licensing and Partnership
                6.3.4. Technology Collaborations
                6.3.5. Strategic Divestments
        6.4. Market Entry Strategies
        6.5. Case Studies
7. Global Surgical Suture Market, By Type Historical Analysis and Forecast 2020-2027 (USD Million)
      7.1 Absorbable
              7.1.1. Synthetic Sutures
                          7.1.1.1 Polyglactin 910 Sutures
                          7.1.1.2 Poliglecaprone 25 Sutures
                          7.1.1.3 Polydioxanone Sutures
                          7.1.1.4 Polyglycolic Acid Sutures
                          7.1.1.5 Other Synthetic Sutures
               7.1.2. Natural Sutures
        7.2 Non-Absorbable
                    7.2.1 Nylon Sutures
                    7.2.2 Prolene Sutures
                    7.2.3 Stainless Steel Sutures
                    7.2.4 Other Non-Absorbable Sutures
8. Global Surgical Suture Market, By Filament Historical Analysis and Forecast 2020-2027 (USD Million)
        8.1 Monovalent
        8.2 Multivalent
9. Global Surgical Suture Market, By Application Historical Analysis and Forecast 2020-2027 (USD Million)
        9.1 Cardiovascular Surgery
        9.2 Ophthalmic Surgery 
        9.3 Orthopedic Surgery
        9.4 General Surgery
        9.5 Gynecological Surgery
        9.6 Cosmetic & Plastic Surgery
        9.7 Others 
10. Global Surgical Suture Market, By End-User Historical Analysis and Forecast 2020-2027 (USD Million)
        10.1. Hospitals 
        10.2. Ambulatory Surgical Centers and Clinics
11. North America Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million)
        11.1. Introduction
        11.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019
                  11.2.1. U.S.A
                  11.2.2. Canada
                  11.2.3. Mexico
        11.3. Market Size (USD Million) Forecast for North America 2020-2027 
12. Latin America Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million)
        12.1. Introduction
        12.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019
                 12.2.1. Brazil
                 12.2.2. Venezuela
                 12.2.3. Argentina
                 12.2.4. Rest of Latin America
        12.3. Market Size (USD Million) Forecast for Latin America 2020-2027  
13. Europe Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million)
        13.1. Introduction
        13.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019
                  13.2.1. Germany
                  13.2.2. U.K
                  13.2.3. France
                  13.2.4. Italy
                  13.2.5. Spain
                  13.2.6. Russia
                  13.2.7. Poland
                  13.2.8. Rest of Europe
        13.3. Market Size (USD Million) Forecast for Europe 2020-2027
14. Asia Pacific Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million)
        14.1. Introduction
        14.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019
                  14.2.1. Japan
                  14.2.2. China
                  14.2.3. India
                  14.2.4. Australia and New Zealand
                  14.2.5. ASEAN
                  14.2.6. Rest of Asia Pacific
        14.3. Market Size (USD Million) Forecast for Asia Pacific 2020-2027
15. Middle East and Africa Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million)
        15.1. Introduction
        15.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019
                  15.2.1. Saudi Arabia
                  15.2.2. UAE
                  15.2.3. South Africa
                  15.2.4. Egypt
        15.3. Market Size (USD Million) Forecast for MEA 2020-2027           
16. Company Profiles (Competition Dashboard, Competitors Deep Dive, Product Connected Devices and Disease Indication Portfolio, Financial Layouts)
    16.1 B. Braun Melsungen AG
            16.1.1. Company Overview (HQ, Business Segments, Employee Strength)
            16.1.2. Product Portfolio
            16.1.3. SWOT Analysis
            16.1.4. Financial Overview
            16.1.5. Strategic Overview
    16.2 Medtronic Plc
            16.2.1. Company Overview (HQ, Business Segments, Employee Strength)
            16.2.2. Product Portfolio
            16.2.3. SWOT Analysis
            16.2.4. Financial Overview
            16.2.5. Strategic Overview
    16.3 Ethicon Inc. (A Subsidiary of Johnson & Johnson)
            16.3.1. Company Overview (HQ, Business Segments, Employee Strength)
            16.3.2. Product Portfolio
            16.3.3. SWOT Analysis
            16.3.4. Financial Overview
            16.3.5. Strategic Overview
    16.4 Boston Scientific Corporation
            16.4.1. Company Overview (HQ, Business Segments, Employee Strength)
            16.4.2. Product Portfolio
            16.4.3. SWOT Analysis
            16.4.4. Financial Overview
            16.4.5. Strategic Overview
    16.5 Péters Surgical
            16.5.1. Company Overview (HQ, Business Segments, Employee Strength)
            16.5.2. Product Portfolio
            16.5.3. SWOT Analysis
            16.5.4. Financial Overview
            16.5.5. Strategic Overview
    16.6 Smith & Nephew
            16.6.1. Company Overview (HQ, Business Segments, Employee Strength)
            16.6.2. Product Portfolio
            16.6.3. SWOT Analysis
            16.6.4. Financial Overview
            16.6.5. Strategic Overview
    16.7 Demetech Corporation
            16.7.1. Company Overview (HQ, Business Segments, Employee Strength)
            16.7.2. Product Portfolio
            16.7.3. SWOT Analysis
            16.7.4. Financial Overview
            16.7.5. Strategic Overview
    16.8 Internacional Farmacéutica S.A. De C.V.
            16.8.1. Company Overview (HQ, Business Segments, Employee Strength)
            16.8.2. Product Portfolio
            16.8.3. SWOT Analysis
            16.8.4. Financial Overview
            16.8.5. Strategic Overview
    16.9 Sutures India Pvt. Ltd.
            16.9.1. Company Overview (HQ, Business Segments, Employee Strength)
            16.9.2. Product Portfolio
            16.9.3. SWOT Analysis
            16.9.4. Financial Overview
            16.9.5. Strategic Overview
    16.10 Integra LifeSciences
            16.10.1. Company Overview (HQ, Business Segments, Employee Strength)
            16.10.2. Product Portfolio
            16.10.3. SWOT Analysis
            16.10.4. Financial Overview
            16.10.5. Strategic Overview
17. FutureWise SME Key Takeaway Points for Client

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