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The surgical sutures and staples market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Surgical Sutures and Staples Market Size In 2022 And Forecast

The global surgical sutures and staples market grew from $11.1 billion in 2021 to $12.2 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The surgical sutures and staples market is expected to grow to $15.15 billion in 2026 at a CAGR of 5.6%.

The surgical sutures and staples market consists of sales of surgical sutures and staples and related services.

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Increase In The Number Of Surgical Procedures Globally Is Driving The Growth Of The Surgical Sutures and Staples Market

For instance, according to the US Department of Health & Human Services, there were 22 million surgeries performed in the US out of which 52.7% were in outpatient surgeries. It is estimated that 234 million surgeries are performed throughout the world every year.

Competitive Landscape And The Regional Analysis Of The Surgical Sutures and Staples Market

Major players in the surgical sutures and staples market are Ethicon Endo-Surgery Inc, Stryker Corporation, Smith & Nephew plc, Conmed Corporation, Medtronic plc, Johnson & Johnson, B.Braun Melsungen AG, Baxter International Inc, Alcon Laboratories Inc, and Dextera Surgical Inc.

Additionally, as per TBRC’s research – North America was the largest region in the surgical sutures and staples market in 2021 holding the largest market share.

The Surgical Sutures and Staples Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the surgical sutures and staples market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the surgical sutures and staples market.

Using Disposable Surgical Sutures And Staple Devices – A Key Trend In The Surgical Sutures and Staples Market

This is mainly due to heightened concerns regarding communicable infections associated with the use of reusable sutures and staple devices for surgeries. Disposable surgical sutures and staple devices are designed in such a way that they are discarded after one use and cannot be reused. In this regard, the Centers for Disease Control and Prevention (CDC) provides protocols to prevent the spread of pathogens and promotes the use of disposable devices.

Surgical Sutures and Staples Market Segmentation By The Business Research Company

1) By Type: Surgical Sutures, Surgical Staples

2) By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Clinics

3) By Surgical Sutures: Absorbable, Non Absorbable

4) By Surgical Staples: Disposable Surgical Staplers, Reusable Surgical Staplers

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