What Will The Surgical Sutures And Staples Market Look Like In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s surgical sutures and staples market report forecasts the surgical sutures and staples market size to grow to $16.86 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.
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Surgical Sutures And Staples Market Size Forecast
The global surgical sutures and staples market is expected to grow from $12.28 billion in 2022 to $13.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The surgical sutures and staples market size is expected to grow to $16.86 billion in 2027 at a CAGR of 6.6%.
North America held the largest surgical sutures and staples market share.
Key Surgical Sutures And Staples Market Driver – Increase In The Number Of Surgical Procedures Globally
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.
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Key Surgical Sutures And Staples Market Trend – Adopting Disposable Surgical Sutures And Staple Devices
The use of disposable surgical sutures and staple devices is an emerging 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 Segment
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
Surgical Sutures And Staples Market Major Players and Strategies
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.
In 2021, BD seals acquired the surgical sealant maker Tissuemed. This acquisition is providing the opportunity to equip surgeons with a more robust, highly integrated portfolio of surgical solutions. Tissuemed is a UK- based self-adhesive film company that is helping surgeons to close and seal sutured and stapled internal tissues.
The Surgical Sutures And Staples Global Market Report 2023 covers regional data on surgical sutures and staples market size, surgical sutures and staples market trends and drivers, opportunities, strategies, and surgical sutures and staples market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Surgical sutures and staples are medical devices used by surgeons to hold skin, internal organs, blood vessels, or any other tissues together after they have been severed during surgery. Sutures and staples hold incised body parts together until they are completely healed. These devices can either be absorbable or non-absorbable. An absorbable suture breaks down in tissue and degrades as a wound or incision heals. A non-absorbable suture resists the body’s attempt to dissolve it. Non-absorbable sutures must be removed after a surface incision heals.
View More Reports Related To The Surgical Sutures And Staples Market –
Surgical Sealants And Adhesives Global Market Report 2023
Surgical Equipment Global Market Report 2023
Surgical Retractors Global Market Report 2023
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