Synthetic Absorbable Sutures Market

A prominent research firm, Cognizance Market Research added a cutting-edge industry report on the ” Global Synthetic Absorbable Sutures Market.” The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2022 to 2030.

Global Synthetic Absorbable Sutures Market Analysis

According to cognizance market research, the Global Synthetic Absorbable Sutures Market was valued at US$ 1,896.3 Million in 2022 and is anticipated to reach US$ 2,865.0 Million by the end of 2030 with a CAGR of 5.3% from 2023 to 2030.

What is the Global Synthetic Absorbable Sutures Market?

Synthetic absorbable sutures are composed of material that dissolves in bodily fluids, ultimately disappearing after being used to close wounds. These sutures, crafted from chemical polymers, undergo hydrolysis for absorption, resulting in a milder tissue reaction upon use. Their benefits encompass potential reductions in scarring, infection risk, and the need for a secondary suture removal appointment.

Both extensive procedures such as cesarean sections, knee replacements, cardiovascular surgeries, and minor operations like cataract procedures and dental restorations employ these sutures for wound closure. The growing prevalence of chronic illnesses and traffic-related accidents has led to an increased demand for various procedures including bypass surgery, ankle arthroplasty, hip replacement, and more. The synthetic absorbable sutures, constructed from polymer strands, undergo hydrolysis. These strands react with bodily fluids within tissues, resulting in the gradual breakdown of suture material at the molecular level.

Predominantly, two materials, polyglycolic acid (known as Dexon) and polyglactin 910, are utilized. These materials exert minimal impact on the surrounding tissue while aiding in the hydrolysis process. The choice between absorbable synthetic sutures and non-absorbable ones hinges on variables like wound location, severity, and physician preferences.

For instance, the World Health Organization (WHO) projects that between February 2022 and February 2025, 20 to 50 million individuals will experience non-fatal injuries, some of which will lead to bone fractures necessitating subsequent procedures like ankle arthroplasty and other bone-related interventions.

Global Synthetic Absorbable Sutures Market Outlook

Since their introduction, synthetic absorbable sutures have garnered significant popularity within the healthcare sector due to their distinct advantages over traditional non-absorbable sutures. These advanced sutures offer the ability to close wounds without necessitating follow-up appointments or concerns about infection caused by the sutures themselves. The convergence of technological advancements and healthcare sector enhancements has ushered in the capacity to treat a wide array of previously untreatable illnesses and physical injuries, thus spurring increased demand for state-of-the-art surgical techniques.

Amid the availability of alternative options, a global surge in surgical procedures persists, propelling the demand for absorbable suture materials. The advent of synthetic absorbable sutures has injected a new dimension into surgical suturing, offering paramount efficacy in surgical sutures, scaffolds, and implants. Its superiority in various applications has contributed to its expanding role in surgeries, driven by escalating rates of wound infection and dehiscence.

However, the expansion of sutures, including synthetic absorbable variants, encounters resistance due to the rising preference for non-invasive treatments, partly influenced by the high costs associated with procedures. The outbreak of COVID-19 dealt a severe blow to the global economy, resulting in decreased revenues for numerous key market players compared to the preceding fiscal year. Governments worldwide postponed elective surgeries during the pandemic to conserve medical resources for COVID-19 emergencies.

For example, predictions indicated a global suspension of 37.7% of cancer surgeries and 81.7% of surgeries for non-malignant conditions due to the pandemic. Synthetic absorbable sutures are preferred over non-absorbable options for facial wounds, as the skin heals rapidly and non-absorbable sutures might trigger aesthetic reactions. This convergence of factors has significantly propelled market growth.

The market exhibits substantial potential to extend the use of synthetic absorbable sutures beyond internal wounds to external ones, a trend notably observed in facial wound sutures. Electronic sutures, elastics, and knotless techniques are increasingly embraced by healthcare professionals due to their clinical advantages over traditional sutures. These innovative methods enable precise drug delivery, wound temperature monitoring, infection detection, accelerated primary healing, and more efficient closure of larger wounds.

This trend is expected to exert a considerable influence on the demand for such devices in the projected period, consequently fostering substantial market expansion in the forecasted year.

Segment Analysis:

The segmentation of the synthetic absorbable suture market encompasses products, end users, materials, and applications, all of which have been carefully identified. This comprehensive report delves into these subcategories, considering their geographical distribution. The findings of this research study will provide valuable insights to marketers, aiding in the identification of the optimal consumer demographics for specific products or services.

In terms of product variety, the synthetic absorbable sutures market is categorized into Polyglycolic Acid Sutures, Poliglecaprone 25, Polyglactin Sutures, Poliglecaprone Sutures, and Polydioxanone Sutures. Among these, the polyglactin suture segment is projected to command a significant market share throughout the forecast period. Comprising a copolymer of glycolic and lactic acids, polyglactin serves as a braided suture material suitable for both internal and subcutaneous wound closure.

The end user segment encompasses hospitals, specialty clinics, ambulatory surgical centers, and other entities. This division highlights four distinct groups, with the healthcare industry emerging as the primary consumer of these products. Various factors contribute to the substantial market presence of this sector, including the aging population, a surge in complex surgical procedures conducted within hospitals, favorable reimbursement policies for hospital care, and the proliferation of new healthcare facilities, particularly in emerging economies.

Based on the type of material employed, the synthetic absorbable suture market is segmented into Monofilament Sutures and Braided Sutures. The monofilament suture segment is anticipated to hold a significant market share over the forecast period. This type of suture material consists of a single strand, rendering it less susceptible to microbial colonization. It also exhibits reduced resistance during tissue passage compared to multifilament sutures. These advantages are expected to drive the growth of this segment during the projected timeframe.

Application-wise, the synthetic absorbable suture market is divided into gynecology, valve, orthopedic, cosmetic surgery, ophthalmology, cardiovascular, dentistry, and general sutures. In 2022, the Cardiovascular Surgery category commands the largest market share, signifying its prominence. This dominance can be attributed to the high number of cardiovascular procedures performed globally due to the prevalence of cardiovascular diseases. Over the forecast period, the general sutures application category is poised to maintain a substantial market share, driven by an increase in general surgical procedures and advancements in industry technology.

Geographical Analysis

 Geographically, the synthetic absorbable sutures market has been divided into five key regions: North America, Asia Pacific, Europe, South America, and the Middle East & and Africa.

In terms of revenue, North America asserted its dominance over the synthetic absorbable sutures market in 2022, and this trend is projected to persist throughout the forecast period. North America is expected to exhibit an impressive Compound Annual Growth Rate (CAGR) during the forecast period. The region’s market growth can be attributed to escalated research endeavors and an upsurge in disease prevalence. North America holds a substantial market share, driven by ongoing research initiatives into synthetic absorbable sutures for diverse applications and the continuous expansion of the North American pharmaceutical sector.

The Asia Pacific market for synthetic absorbable sutures is poised for rapid expansion over the forecast period. Factors contributing to this growth include an aging population, a surge in illnesses causing hearing impairment, heightened research and development activities, comprehensive government healthcare initiatives, and increased presence and investments by foreign companies. Key players in the surgical suture manufacturing sector are also strategically focusing on gaining a competitive advantage in these burgeoning regions, thereby fostering market growth within the Asia Pacific region.