Growth of the Hospital Suture Market

The hospital suture market is projected to expand from US$ 3,649.02 million in 2021 to US$ 5,495.74 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.0% during the period from 2021 to 2028.

This growth can be primarily attributed to innovations in suture technology and the rising prevalence of chronic wounds and surgical procedures.

Understanding Sutures

A suture is a specialized thread utilized to close incisions and wounds on the skin or other tissues following surgical interventions. Each suture is typically attached to a needle or anchor, allowing for effective stitching or closure of a wound. Various materials are available for sutures, tailored to the specific requirements of different wound types.

Factors Driving Market Growth

The increasing volume of surgical procedures is a significant driver for the hospital suture market. Approximately 313 million surgeries are conducted worldwide annually, creating substantial demand for sutures across various healthcare systems.

Another critical factor contributing to market growth is the expanding elderly population. As of 2019, individuals aged over 65 constituted around 16% of the U.S. population, yet they represented 40% of surgical patients in hospitals, likely accounting for more than half of all surgical operations. The elderly often suffer from chronic health issues that necessitate surgical intervention, thereby increasing the demand for sutures.

Moreover, the rise in cosmetic procedures, fueled by higher disposable incomes and advancements in technology?such as hybrid fractional lasers and Cryolipolysis?has also been a catalyst for the hospital suture market's expansion.

Innovations in Suturing Techniques

The introduction of absorbable and biodegradable sutures has revolutionized suturing practices, promoting faster healing and eliminating the need for suture removal. This is particularly advantageous for pediatric and geriatric patients. Such innovations have led to a greater adoption of automated suturing devices, which minimize complications associated with traditional suturing methods. These devices are not only safer and more efficient but also reduce the risk of tissue trauma and scarring by optimizing the force and size of the needle used for suturing. Additionally, they lower the chances of needle stick injuries and the associated risks of infections, such as HIV and Hepatitis B, for healthcare workers.

Recent advancements have also resulted in robotic suturing and endoscopic devices designed for use in robot-assisted surgeries. These technologies decrease the necessity for open surgeries, enhance suturing speed, and provide better access to challenging areas within the body. Robotic suturing has improved accuracy in both cosmetic and internal surgeries by minimizing human error, further propelling the growth of the hospital suture market.

Product Insights

The global hospital suture market is categorized into several segments, including sutures, automated suturing devices, and others. In 2021, the sutures segment dominated the market and is anticipated to exhibit the highest CAGR from 2021 to 2028, owing to the numerous advantages provided by hospital sutures. These sterile surgical threads are essential for closing wounds and incisions, although certain cases may require metal staples instead.

Nature Insights

The market is further divided based on the nature of sutures into absorbable and non-absorbable categories. In 2021, absorbable sutures held the largest market share and are expected to grow at the highest CAGR during the forecast period. Manufacturers are increasingly focused on developing new suture materials that enhance thread strength and support minimally invasive suturing techniques, contributing to the anticipated growth of absorbable sutures.

Type Insights

In terms of type, the market is classified into monofilament and braided sutures. The braided segment held the largest market share in 2021 and is projected to achieve the highest CAGR from 2021 to 2028. The growth of this segment can be attributed to the superior knot security, flexibility, and ease of handling that braided sutures offer, making them less likely to loosen at surgical knots.

Application Insights

The hospital suture market is segmented by application into general surgery, cardiovascular surgery, orthopedic surgery, and others. The general surgery segment held the largest market share in 2021, while the cardiovascular surgery segment is expected to experience the highest CAGR during the forecast period. This growth is driven by the increasing prevalence of diabetes and the aging population, alongside a rise in cardiovascular diseases among younger individuals due to lifestyle changes, such as smoking and excessive alcohol consumption.

Sources of Information

Key primary and secondary sources utilized in the preparation of the global hospital suture market report include the Central Drugs Standard Control Organization (CDSCO), the Food and Drug Administration (FDA), the National Inter-ministerial Observatory of Road Safety, the National Institute for Health and Care Excellence, the International Society of Aesthetic Plastic Surgery, and the National Health Service (NHS).