Surgical sutures market to grow by USD 1102.57M from 2023-27

The global surgical sutures market size is estimated to grow by USD 1102.57 mn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of over 4.68% during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 36%.

Market overview
The Surgical Sutures Market encompasses products utilized for internal tissue alignment and organ repair during therapeutic procedures. This market includes segments for Absorbable Sutures, such as knotted and knotless varieties, and Non-absorbable Sutures, with knotted and knotless options. Sales analysis reveals significant growth in the Wound Closure Devices market, driven by technological advancements and synthetic materials. Absorbable sutures, like those coated with triclosan-polyglactin 910, minimize scar formation and combat infection. Technological innovations include suture coatings, braiding technologies, and barbed sutures. Specialty sutures, including antibacterial-coated sutures like Dolphin Sutures, further enhance infection prevention and healing. The Surgery Market’s expansion is fueled by advancements in suture materials and techniques, addressing the needs of various surgical applications.

Market segmentation by product
The surgical sutures market refers to the industry focused on providing patient outcome improvement through safe recovery solutions. Key stakeholders include payers, healthcare facilities, regulators, and decision-making groups. Reimbursement policies and healthcare coverage are significant factors influencing market growth during the forecast period. Key opportunities lie in the aging population, road accidents, trauma, burns, cosmetic procedures, orthopedic procedures, cardiovascular procedures, and surgical procedures. Reimbursement schemes, portfolio expansion, strategic selling, and distribution channels are essential strategies for market players. Chronic diseases, surgical procedures, surgical techniques, minimally invasive procedures, healthcare infrastructure, and healthcare services are crucial aspects impacting market trends. Healthcare professionals, complications, and regulatory requirements also play a role in shaping the market landscape. New players and pricing pressures contribute to market competition. Prevalence of chronic diseases, aging population, surgical interventions, joint replacements, cardiac procedures, orthopedic interventions, wound closure solutions, surgical staples, tissue adhesives, hemostats, and alternative wound closure methods are significant application areas. Manufacturers, distributors, research and development organizations, and end users are the primary market participants. The surgical suture thread segment is a key product category, with applications in hospitals and cardiovascular surgeries. Technavio