How is the Cardiac Sutures Market Poised for Growth: Trends and Opportunities Through 2034
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What key factors are powering the surge in the cardiac sutures market right now?
The market size for cardiac sutures has seen substantial growth in the recent past. The market worth, which was $1.49 billion in 2024, is projected to reach $1.61 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.5%. This rise in the past can be credited to factors like advancements in surgical procedures, the growing prevalence of cardiovascular diseases, an upward trend in minimally invasive surgeries, an increase in the aged population, and extensive research and development investments.
How fast Is the cardiac sutures market expected to grow, and what’s its future value?
Over the coming years, the cardiac sutures market is anticipated to grow robustly. The market is predicted to amplify to “$2.31 billion in 2029 with a compound annual growth rate (CAGR) of 9.4%. This growth during the forecast period can be linked to the expansion of global healthcare infrastructure, emphasis on patient results and recuperation, surgeons’ preferences and specializations, stringent regulations and standards, and an increasing demand for biodegradable sutures. Prominent trends during the forecast period encompass the incorporation of nanotechnology, the rise of robotic-assisted surgeries, sutures for structural heart procedures, biodegradable sutures, and improved suture coatings.
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What are the leading drivers of growth in the cardiac sutures market?
The cardiac suture market is projected to experience growth due to the increasing occurrence of cardiovascular diseases. These diseases target the heart and blood vessels, necessitating the usage of cardiac sutures to seal wounds and deliver vital mechanical support to maintain closure post-cardiovascular surgeries. Data from the British Heart Foundation, a UK cardiovascular research charity, revealed in September 2024 that approximately 7.6 million people in the UK suffer from heart and circulatory diseases, including around 4 million males and 3.6 million females. These diseases account for approximately 27% of all deaths in the country, leading to over 170,000 deaths per year, or roughly one death every three minutes. Thus, the growing frequency of cardiovascular diseases will propel the cardiac sutures market.
What are the key segments defining the cardiac sutures market?
The cardiac sutures market covered in this report is segmented –
1) By Type: Absorbable Sutures, Non-Absorbable Sutures
2) By Material Type: Natural, Synthetic
3) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Absorbable Sutures: Polyglactin Sutures, Polyglycolic Acid Sutures, Catgut Sutures, Monocryl Sutures, Other Absorbable Sutures
2) By Non-Absorbable Sutures: Silk Sutures, Nylon Sutures, Polyester Sutures, Polypropylene Sutures, Other Non-Absorbable Sutures
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Who are the key players steering the development of the cardiac sutures market?
Major companies operating in the cardiac sutures market include Abbott Laboratories, Medtronic plc, Johnson & Johnson, B. Braun SE, Teleflex Incorporated, Smith & Nephew plc, Boston Scientific Corporation, CONMED Corporation, Deme TECH Corporation, Apollo Endosurgery Inc., Cryolife Inc., W. L. Gore & Associates Inc., Peters Surgical, Stryker Corporation, Ethicon Inc., Internacional Farmacéutica, Sutures India, Mellon Medical B.V., EndoEvolution LLC, Surgical Specialties Corporation, Arthrex Inc., Covidien Holding Inc., Gunze Ltd., Centennial Surgical Suture Ltd., Assut Medical Sarl, Healthium Medtech Ltd., Meril Life Sciences Pvt. Ltd., Cardiovascular Systems Inc., Gore Medical Inc., LivaNova plc
What emerging trends are influencing the growth of the cardiac sutures market?
The emerging trend of product innovation is becoming progressively prevalent in the cardiac suture market. Key players in the cardiac suture industry are focusing on pioneering new products to maintain their market dominance. To illustrate, Able Medical Devices., an American medical equipment production company, launched Valkyrie looped sternotomy sutures in January 2023, specifically for the use post open heart surgeries. This inventive product utilizes stainless steel sutures for closing a patient’s chest after an open heart surgical procedure. Instead of traditional wire sutures, Valkyrie expands the surface area of individual wires by two-fold, resulting in a more resilient sternal closure. This product is designed to minimize the risk of sternal dehiscence, a serious complication that can develop post sternotomy operations. It boasts unique characteristics including a looped design, high tensile durability, lesser invasiveness, user-friendly application, and aids in improving patient outcomes.
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Which regions are most influential in expanding the cardiac sutures market?
North America was the largest region in the cardiac sutures market in 2024. The regions covered in the cardiac sutures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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