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Surgical Sutures Market By Product Type [Automated Suturing Devices (Disposable Automated Suturing Devices, And Re-Usable Automated Suturing Devices), and Sutures (Sutures by Type (Absorbable & Non-Absorbable), and Sutures by Materials (Monofilament & Multifilament)), and by Application (Cardiovascular Surgeries, General Surgeries, Gynecological Surgeries, Orthopedic Surgeries, and Ophthalmic Surgeries - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ALL796651
  • 170 Pages
  • November 2016
  • Healthcare
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Surgical sutures, also called stitches, are surgical threads used to repair lacerations in the skin and to close surgical incisions. In addition, these sterile threads are used to stich skin, internal organs, blood vessels, and other tissues after the surgical procedure.

The global surgical suture market was $3,360 million in 2015 and is expected to reach $5,255 million by 2022, registering a CAGR of 6.4% from 2016 to 2022. Surgical sutures market is experiencing growth due to the expansion and emergence of wound care management sector. In addition, increase in number of surgeries, coupled with rising geriatric population and related increase in incidence of chronic diseases and technological innovations fuels the market growth. However, lack of proper sterilization systems for disinfecting suturing tool may hinder the market growth.

The global surgical sutures market has been segmented based on product type, applications, and geography. Based on product type, the market is segmented into automated suturing devices and sutures. The sutures segment accounts for the largest share of this market. Sutures market by type, are further sub-divided into absorbable sutures and non-absorbable sutures. Based on material, it is segmented into monofilament sutures and multifilament sutures. The multifilament segment accounted for the largest share of the sutures market in 2015.

Based on application, the global surgical sutures market is classified into cardiovascular surgeries, general surgeries, gynecological surgeries, orthopedic surgeries, ophthalmic surgeries, and others. The general surgeries application segment held the major share of the surgical sutures market in 2015 owing to rise in demand for surgical sutures in many types of abdominal and other surgeries.

Geographically, the surgical sutures market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market with largest share in 2015. However, Asia-Pacific is anticipated to be the fastest growing region with the CAGR of 8.6% during the forecast period due to rise in number of surgical procedures, and the demand for better healthcare services from the patient population.

The key strategies adopted by the leading players are product launch, collaboration, and merger & acquisition. However, the market has registered substantial growth in the recent years, owing to the launch of various technologically innovative sutures such as biocompatible surgical sutures with antimicrobial coatings and their rise in demand among the end-users.

KEY MARKET BENEFITS:

  • In-depth analysis of the global surgical sutures market is conducted based on market estimations of the key segments for the period of 2014‐2022
  • Comprehensive analysis of market dynamics such as drivers, restraints, and opportunities impacting the market growth is discussed in the report
  • Exhaustive analysis of the market by different segments helps to understand the different aspects of surgical sutures that are currently used along with the variants that would gain prominence in the future
  • Competitive intelligence of leading manufacturers and distributors of surgical sutures market interprets the competitive scenario across various geographies
  • Key market players within the market are profiled in the report and their strategies are analyzed thoroughly, which predict competitive outlook of the global market

KEY MARKET SEGMENT:

By Product Type

  • Automated Suturing Devices

    • Disposable Automated Suturing Devices
    • Re-Usable Automated Suturing Devices

  • Sutures

Sutures By Type

  • Absorbable Sutures

    • Natural Sutures
    • Synthetic Sutures

      • Vicryl Sutures
      • Monocryl Sutures
      • Polydioxanone Sutures
      • Polyglycolic Sutures
      • Others

  • Non-Absorbable Sutures

    • Nylon Sutures
    • Prolene Sutures
    • Stainless Steel Sutures
    • Others

Sutures By Material

  • Monofilament
  • Multifilament

By Application

  • Cardiovascular Surgeries
  • General Surgeries
  • Gynecological Surgeries
  • Orthopedic Surgeries
  • Ophthalmic Surgeries
  • Other surgeries

By Region

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • India
    • China
    • Australia
    • South Korea
    • Rest of Asia-Pacific

  • LAMEA

    • Brazil
    • Turkey
    • Venezuela
    • Saudi Arabia
    • Republic of South Africa
    • Rest of LAMEA

KEY PLAYERS

  • Johnson & Johnson Inc.
  • B. Braun Melsungen AG
  • Smith & Nephew plc
  • Demetech Corporation
  • Conmed Corporation
  • W.L. Gore & Associates
  • Boston Scientific Corporation
  • 3M Healthcare
  • Medtronic Inc.
  • Sutures India Pvt Ltd.

Other players in the value chain (profiles not included in the report)

  • Paul Hartmann AG
  • Kinetic Concepts, Inc.
  • Endoevolution LLC
  • Internacional Farmaceutica S.A. De C.V.
  • Molnlycke Healthcare
  • ConvaTec Inc.
  • Coloplast Corporation
  • Hollister Incorporated
  • BSN Medical
  • Urgo Medical

CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION

1.2. KEY BENEFITS

1.3. KEY MARKET SEGMENT

1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research

1.4.2. Primary research

1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY

2.2. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. KEY FINDINGS

3.2.1. Top investment pockets

3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Bargaining power of buyers (Moderate to high)

3.3.2. Bargaining power of suppliers (Low)

3.3.3. Threat of new entrants (Low)

3.3.4. Threat of substitute products (Low to moderate)

3.3.5. Intensity of competitive rivalry (High)

3.4. MARKET SHARE ANALYSIS, 2015

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Large pool of geriatric population and rise in chronic diseases

3.5.1.2. Rise in number of surgical procedures across the globe

3.5.1.3. Growth in demand for minimally invasive surgeries to drive automated suturing devices

3.5.2. Restraints

3.5.2.1. Lack of proper sterilization

3.5.2.2. Unfavorable Taxation Policy

3.5.3. Opportunities

3.5.3.1. Various Growth Opportunities from Emerging Economies

3.5.3.2. Advanced Technology

CHAPTER 4 SURGICAL SUTURES MARKET, BY PRODUCT TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. AUTOMATED SUTURING DEVICES

4.2.1. Key Market Trends

4.2.2. Key growth factors and opportunities

4.2.3. Market size and forecast

4.2.4. Disposable automated suturing devices

4.2.5. Reusable automated suturing devices

4.3. SUTURES

4.3.1. Key Market Trends

4.3.2. Key Growth Factors and Opportunities

4.3.3. Market size and forecast

4.3.4. Sutures market by type

4.3.4.1. Market size and forecast

4.3.4.2. Absorbable Sutures

4.3.4.2.1. Market size and forecast

4.3.4.2.2. Natural sutures market size and forecast

4.3.4.2.3. Synthetic sutures market size and forecast

4.3.4.2.3.1. Vicryl sutures market size and forecast

4.3.4.2.3.2. Monocryl sutures market size and forecast

4.3.4.2.3.3. Polydioxanone sutures market size and forecast

4.3.4.2.3.4. Polyglycolic sutures market size and forecast

4.3.4.2.3.5. Other synthetic sutures market size and forecast

4.3.4.3. Nonabsorbable Sutures

4.3.4.3.1. Market size and forecast

4.3.4.3.2. Nylon sutures market size and forecast

4.3.4.3.3. Prolene sutures market size and forecast

4.3.4.3.4. Stainless steel sutures market size and forecast

4.3.4.3.5. Other nonabsorbable sutures market size and forecast

4.3.5. Sutures market by material

4.3.5.1. Market size and forecast

4.3.5.2. Monofilament Sutures

4.3.5.2.1. Market size and forecast

4.3.5.3. Multifilament Sutures

4.3.5.3.1. Market size and forecast

CHAPTER 5 GLOBAL SURGICAL SUTURES MARKET, BY APPLICATION

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. CARDIOVASCULAR SURGERIES

5.2.1. Market size and forecast

5.3. GENERAL SURGERIES

5.3.1. Market size and forecast

5.4. GYNECOLOGICAL SURGERIES

5.4.1. Market size and forecast

5.5. ORTHOPEDIC SURGERIES

5.5.1. Market size and forecast

5.6. OPHTHALMIC SURGERIES

5.6.1. Market size and forecast

5.7. OTHER SURGERIES

5.7.1. Market size and forecast

CHAPTER 6 GLOBAL SURGICAL SUTURES MARKET, BY REGION

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. NORTH AMERICA

6.2.1. Key market trends

6.2.2. Key growth factors and opportunities

6.2.3. Market size and forecast

6.2.4. U.S. market size and forecast

6.2.5. Canada market size and forecast

6.2.6. Mexico market size and forecast

6.3. EUROPE

6.3.1. Key market trends

6.3.2. Key growth factors and opportunities

6.3.3. Market size and forecast

6.3.4. Germany market size and forecast

6.3.5. France market size and forecast

6.3.6. UK market size and forecast

6.3.7. Italy market size and forecast

6.3.8. Spain market size and forecast

6.3.9. Rest of Europe market size and forecast

6.4. ASIA-PACIFIC

6.4.1. Key market trends

6.4.2. Key growth factors and opportunities.

6.4.3. Market size and forecast

6.4.4. Japan market size and forecast

6.4.5. China market size and forecast

6.4.6. Australia market size and forecast

6.4.7. India market size and forecast

6.4.8. South Korea market size and forecast

6.4.9. Rest of Asia-Pacific market size and forecast

6.5. LAMEA

6.5.1. Key market trends

6.5.2. Key growth factors and opportunities

6.5.3. Market size and forecast

6.5.4. Brazil market size and forecast

6.5.5. Turkey market size and forecast

6.5.6. Venezuela market size and forecast

6.5.7. Saudi Arabia market size and forecast

6.5.8. Republic of South Africa market size and forecast

6.5.9. Rest of LAMEA market size and forecast

CHAPTER 7 COMPANY PROFILES

7.1. CONMED CORPORATION

7.1.1. Overview

7.1.2. Company Snapshot

7.1.3. Operating business segments

7.1.4. Business performance

7.1.5. Key strategic moves & developments

7.2. SMITH & NEPHEW PLC

7.2.1. Overview

7.2.2. Company Snapshot

7.2.3. Operating business segments

7.2.4. Business performance

7.2.5. Key Strategic Moves & Developments

7.3. BOSTON SCIENTIFIC CORPORATION

7.3.1. Overview

7.3.2. Company Snapshot

7.3.3. Operating business segments

7.3.4. Business performance

7.3.5. Key Strategic Moves & Developments

7.4. MEDTRONIC PLC

7.4.1. Overview

7.4.2. Company Snapshot

7.4.3. Operating business segments

7.4.4. Business performance

7.4.5. Key Strategic Moves & Developments

7.5. JOHNSON & JOHNSON

7.5.1. Overview

7.5.2. Company Snapshot

7.5.3. Operating business segments

7.5.4. Business performance

7.5.5. Key strategic Moves & Developments

7.6. B. BRAUN MELSUNGEN AG

7.6.1. Overview

7.6.2. Company Snapshot

7.6.3. Operating business segments

7.6.4. Business performance

7.6.5. Key Strategic Moves & Developments

7.7. 3M COMPANY

7.7.1. Overview

7.7.2. Company Snapshot

7.7.3. Operating business segments

7.7.4. Business performance

7.7.5. Key Strategic Moves & Developments

7.8. DEMETECH CORPORATION

7.8.1. Overview

7.8.2. Company Snapshot

7.8.3. Operating business segment

7.8.4. Key Strategic Moves & Developments

7.9. W. L. GORE & ASSOCIATES, INC.

7.9.1. Overview

7.9.2. Company Snapshot

7.9.3. Operating business segments

7.9.4. Key Strategic Moves & Developments

7.10. ENDOEVOLUTION, LLC

7.10.1. Overview

7.10.2. Company Snapshot

7.10.3. Operating business segments

7.10.4. Key Strategic Moves & Developments

LIST OF TABLES

TABLE 1. SURGICAL SUTURES MARKET, BY PRODUCT TYPE ($MILLION), 2014-2022

TABLE 2. AUTOMATED SUTURING DEVICES MARKET, BY GEOGRAPHY ($MILLION), 2014-2022

TABLE 3. SUTURES MARKET, BY GEOGRAPHY ($MILLION), 2014-2022

TABLE 4. SUTURES MARKET, BY TYPE ($MILLION), 2014-2022

TABLE 5. ABSORBABLE SUTURES MARKET, BY GEOGRAPHY ($MILLION), 2014-2022

TABLE 6. ABSORBABLE SUTURES MARKET, BY TYPE ($MILLION), 2014-2022

TABLE 7. SYNTHETIC SUTURES MARKET, BY TYPE ($MILLION), 2014-2022

TABLE 8. NONABSORABLE SUTURES MARKET, BY GEOGRAPHY ($MILLION), 2014-2022

TABLE 9. NONABSORABLE SUTURES MARKET, BY TYPE ($MILLION), 2014-2022

TABLE 10. GLOBAL SUTURES MARKET, BY MATERIAL, 2014-2022 ($MILLION)

TABLE 11. MONOFILAMENT SUTURES MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)

TABLE 12. MULTIFILAMENT SUTURES MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)

TABLE 13. WORLD SURGICAL SUTURES MARKET, BY APPLICATION ($MILLION), 2014-2022

TABLE 14. SURGICAL SUTURES MARKET FOR CARDIOVASCULAR SURGERIES, BY REGION ($MILLION), 2014-2022

TABLE 15. SURGICAL SUTURES MARKET FOR GENERAL SURGERIES, BY REGION ($MILLION), 2014-2022

TABLE 16. SURGICAL SUTURES MARKET FOR GYNECOLOGICAL SURGERIES, BY REGION ($MILLION), 2014-2022

TABLE 17. SURGICAL SUTURES MARKET FOR ORTHOPEDIC SURGERIES, BY REGION ($MILLION), 2014-2022

TABLE 18. SURGICAL SUTURES MARKET FOR OPHTHALMIC SURGERIES, BY REGION ($MILLION), 2014-2022

TABLE 19. SURGICAL SUTURES MARKET FOR OTHER SURGERIES, BY REGION ($MILLION), 2014-2022

TABLE 20. GLOBAL SURGICAL SUTURES MARKET, BY REGION ($MILLION), 2014-2022

TABLE 21. GLOBAL SURGICAL SUTURES MARKET, BY PRODUCT TYPE ($MILLION), 2014-2022

TABLE 22. GLOBAL SUTURES MARKET, BY TYPE ($MILLION), 2014-2022

TABLE 23. GLOBAL SUTURES MARKET, BY MATERIAL ($MILLION), 2014-2022

TABLE 24. GLOBAL SURGICAL SUTURES MARKET, BY APPLICATION ($MILLION), 2014-2022

TABLE 25. NORTH AMERICA: SURGICAL SUTURES MARKET, BY COUNTRY ($MILLION), 2014-2022

TABLE 26. NORTH AMERICA: SURGICAL SUTURES MARKET, BY PRODUCT TYPE ($MILLION), 2014-2022

TABLE 27. NORTH AMERICA: SUTURES MARKET, BY TYPE ($MILLION), 2014-2022

TABLE 28. NORTH AMERICA: SUTURES MARKET, BY MATERIAL ($MILLION), 2014-2022

TABLE 29. NORTH AMERICA: SURGICAL SUTURES MARKET, BY APPLICATION ($MILLION), 2014-2022

TABLE 30. EUROPE: SURGICAL SUTURES MARKET, BY COUNTRY ($MILLION), 2014-2022

TABLE 31. EUROPE: SURGICAL SUTURES MARKET, BY PRODUCT TYPE ($MILLION), 2014-2022

TABLE 32. EUROPE: SUTURES MARKET, BY TYPE ($MILLION), 2014-2022

TABLE 33. EUROPE: SUTURES MARKET, BY MATERIAL ($MILLION), 2014-2022

TABLE 34. EUROPE: SURGICAL SUTURES MARKET, BY APPLICATION ($MILLION), 2014-2022

TABLE 35. ASIA-PACIFIC: SURGICAL SUTURES MARKET, BY COUNTRY ($MILLION), 2014-2022

TABLE 36. ASIA-PACIFIC: SURGICAL SUTURES MARKET, BY PRODUCT TYPE ($MILLION), 2014-2022

TABLE 37. ASIA-PACIFIC: SUTURES MARKET, BY TYPE ($MILLION), 2014-2022

TABLE 38. ASIA-PACIFIC: SUTURES MARKET, BY MATERIAL ($MILLION), 2014-2022

TABLE 39. ASIA-PACIFIC: SURGICAL SUTURES MARKET, BY APPLICATION ($MILLION), 2014-2022

TABLE 40. LAMEA: SURGICAL SUTURES MARKET, BY COUNTRY ($MILLION), 2014-2022

TABLE 41. LAMEA: SURGICAL SUTURES MARKET, BY PRODUCT TYPE ($MILLION), 2014-2022

TABLE 42. LAMEA: SUTURES MARKET, BY TYPE ($MILLION), 2014-2022

TABLE 43. LAMEA: SUTURES MARKET, BY MATERIAL ($MILLION), 2014-2022

TABLE 44. LAMEA: SURGICAL SUTURES MARKET, BY APPLICATION ($MILLION), 2014-2022

TABLE 45. CONMED CORPORATION: COMPANY SNAPSHOT

TABLE 46. CONMED CORPORATION: OPERATING SEGMENTS

TABLE 47. SMITH & NEPHEW PLC: COMPANY SNAPSHOT

TABLE 48. BOSTON SCIENTIFIC CORPORATION: COMPANY SNAPSHOT

TABLE 49. BOSTON SCIENTIFIC CORPORATION: OPERATING BUSINESS SEGMENTS

TABLE 50. MEDTRONIC PLC: COMPANY SNAPSHOT

TABLE 51. MEDTRONIC PLC: OPERATING SEGMENTS

TABLE 52. JOHNSON & JOHNSON: COMPANY SNAPSHOT

TABLE 53. JOHNSON & JOHNSON: OPERATING SEGMENTS

TABLE 54. B. BRAUN MELSUNGEN AG: COMPANY SNAPSHOT

TABLE 55. B. BRAUN MELSUNGEN AG: OPERATING SEGMENTS

TABLE 56. 3M COMPANY (3M): COMPANY SNAPSHOT

TABLE 57. OPERATING BUSINESS SEGMENTS

TABLE 58. DEMETECH CORPORATION: COMPANY SNAPSHOT

TABLE 59. W. L. GORE & ASSOCIATES, INC.: COMPANY SNAPSHOT

TABLE 60. W. L. GORE & ASSOCIATES, INC.: OPERATING SEGMENTS

TABLE 61. ENDOEVOLUTION, LLC: COMPANY SNAPSHOT

TABLE 62. ENDOEVOLUTION, LLC: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. SURGICAL SUTURE MARKET SEGMENTATION

FIGURE 2. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION, (2013-2015)

FIGURE 3. TOP WINNING STRATEGIES: NATURE AND TYPE

FIGURE 4. PORTERS FIVE FORCES ANALYSIS

FIGURE 5. MARKET SHARE ANALYSIS, 2015

FIGURE 6. TOP IMPACTING FACTORS

FIGURE 7. INCREASE IN NUMBER OF PEOPLE WITH CHRONIC DISEASES

FIGURE 8. NATURAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 9. SYNTHETIC SUTURES MARKET ($MILLION), 2014-2022

FIGURE 10. VICRYL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 11. MONOCRYL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 12. POLYDIOXANONE SUTURES MARKET ($MILLION), 2014-2022

FIGURE 13. POLYGLYCOLIC SUTURES MARKET ($MILLION), 2014-2022

FIGURE 14. OTHER SYNTHETIC SUTURES MARKET ($MILLION), 2014-2022

FIGURE 15. NYLON SUTURES MARKET ($MILLION), 2014-2022

FIGURE 16. PROLENE SUTURES MARKET ($MILLION), 2014-2022

FIGURE 17. STAINLESS STEEL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 18. OTHER NONABSORBABLE SUTURES MARKET ($MILLION), 2014-2022

FIGURE 19. NUMBER OF DEATHS CAUSED BY CARDIOVASCULAR DISEASES

FIGURE 20. U.S. HEALTHCARE EXPENDITURE PER PERSON ($)

FIGURE 21. U.S.: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 22. CANADA: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 23. MEXICO: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 24. GERMANY: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 25. FRANCE: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 26. UK: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 27. ITALY: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 28. SPAIN: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 29. REST OF EUROPE: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 30. GDP OF ASIAN COUNTRIES ($TRILLION)

FIGURE 31. JAPAN: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 32. CHINA: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 33. AUSTRALIA: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 34. INDIA: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 35. SOUTH KOREA: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 36. REST OF ASIA-PACIFIC: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 37. BRAZIL: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 38. TURKEY: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 39. VENEZUELA: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 40. SAUDI ARABIA: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 41. REPUBLIC OF SOUTH AFRICA: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 42. REST OF LAMEA: SURGICAL SUTURES MARKET ($MILLION), 2014-2022

FIGURE 43. CONMED CORPORATION: REVENUE ($MILLION), 2013-2015

FIGURE 44. SMITH & NEPHEW: REVENUE ($MILLION), 2013-2015

FIGURE 45. BOSTON SCIENTIFIC: REVENUE ($MILLION), 2013-2015

FIGURE 46. MEDTRONIC: REVENUE ($MILLION), 2013-2015

FIGURE 47. JOHNSON & JOHNSON: REVENUE ($MILLION), 2013-2015

FIGURE 48. B. BRAUN: REVENUE ($MILLION), 2013-2015

FIGURE 49. 3M FINANCIALS: REVENUE ($MILLION), 2013-2015

 
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