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The USA Knotless Surgical Sutures Market is Expected to Reach a Valuation of US$ 258.7 million by 2033, with a Steady Growth Rate of 3.6% CAGR: Future Market Insights, Inc.

NEWARK, DE / ACCESSWIRE / May 25, 2023 / As per Future Market Insights' latest industry analysis, the valuation for the USA knotless surgical sutures market was around US$ 175.7 Million in 2022 and is projected to exhibit a CAGR growth of close to 3.6% over the forecast period, with an estimated valuation of US$ 258.7 Million in 2033.

Future Market Insights, Inc., Thursday, May 25, 2023, Press release picture

Over the years, the USA market for knotless surgical sutures has seen tremendous growth. Key factors driving the market include technological advancements in terms of the usage of synthetic materials in creating surgical sutures, the development of absorbable sutures, increasing export opportunities, and rising disposable income.

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Leading companies are inclined towards extensive research in order to develop new and improved versions of knotless surgical sutures. These include sutures with synthetic materials to provide exceptional tissue holding properties, sutures with properties like antibacterial or Triclosan-coated polyglactin 910 coated sutures, barbed sutures, sutures with braiding technologies, or absorbable sutures made of fibresthat line animal intestines or artificially created polymers.

  • In July 2022, Dolphin Sutures launched a range of antibacterial sutures in order to reduce surgical site infection prevalence.

The rise in disposable income is expected to be another important factor driving the growth of the knotless surgical sutures market. Increasing disposable income enables an excellent growth opportunity for surgical suture manufacturers to connect with potential end users.

Rising disposable income can fuel investments in research and development within the healthcare industry. Higher disposable income enables companies to invest in innovation, improving the quality and effectiveness of knotless surgical sutures.

These factors are fueling the expansion of the USA knotless surgical sutures market.

Key Takeaways from Market Study

  • Absorbable surgical sutures are the leading products and held about 61.0% market share in 2022. Absorbable sutures are commonly used for internal tissues that heal relatively quickly or in areas that are difficult to access for suture removal.
  • By raw material, polyglactin absorbable surgical sutures are the predominant type and are significantly linked to high biocompatibility, versatility and convenient handling characteristics, and held about 22.4% market share in 2022.
  • The synthetic source segment held the dominant market share of 51.3%, as it eliminate the need for tying knots, which can significantly reduce the time required for suturing.
  • Cardiovascular procedures held the dominant market share of 32.2%, as the number of cardiovascular procedures are rising in the USA
  • Hospital laboratories segment by end user accounted for a revenue share of 34.9% in the USA market at the end of 2022. Hospital laboratories are important in evaluating the performance and characteristics of various sutures which assess factors such as suture strength, biocompatibility, and tissue response
  • By state, Northeast is leading in the USA knotless sutures market and is expected to continue to do so with a projected CAGR rate of 5.0% during the forecasted years.

"Improving Patient-Centered Outcomes, Advancements in Surgical Suture Materials and Increasing Demand for Absorbable Sutures are the Key Drivers of the USA Knotless Surgical Sutures Market," says an analyst of Future Market Insights.

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Market Competition

Key companies in the USA knotless surgical sutures market are pursuing market expansion by utilizing growth methods like collaborations, agreements, and acquisitions. These businesses place a high priority on boosting sales efforts and using new technologies to create cutting-edge products.

  • In May 2022, Medtronic plc announced that it had successfully acquired Intersect ENT, adding cutting-edge products which are being used to treat nasal polyps and into the sinus operations to enhance post-operative outcomes and to the company's comprehensive ENT portfolio.
  • Two new contracts for Ethicon sutures, endo-mechanicals, and trocars were announced in March 2018 by Intalere, a leader in the healthcare sector in terms of achieving optimal cost, quality, and clinical outcomes.

Key Companies Profiled

  • Medtronic
  • B. Braun Melsungen AG
  • Teleflex Incorporated
  • Johnson & Johnson (Ethicon)
  • CONMED Corporation
  • Corza Medical
  • CP Medical
  • DemeTECH Corporation
  • Sutumed
  • DSI Dental Solution
  • Golnit Sutures
  • Vital Sutures
  • Atramat

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the USA knotless surgical sutures market in its latest study, presenting a historical demand assessment of 2015 - 2022 and projections for 2023 - 2033. The USA knotless surgical sutures market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on treatment- by-product - [absorbable surgical sutures and non- absorbable surgical sutures), by raw material- (polyglycolic acid absorbable surgical suture, polyglactin absorbable surgical sutures, catgut absorbable surgical sutures, poliglecaprone absorbable surgical sutures, polydioxanone absorbable surgical sutures, polypropylene non-absorbable surgical sutures, nylon (poylamide) non-absorbable surgical sutures, polyester non-absorbable surgical sutures, polyvinylidene fluoride(PVDF) non-absorbable surgical sutures, silk non-absorbable surgical sutures and stainless steel non-absorbable surgical sutures), by source- (natural, synthetic {monofilament and braided}, coated and uncoated), by application- (cardiovascular procedures, general surgery procedures, ophthalmic procedures, orthopedic procedures, dental procedures, gastroenterology procedures, gynecology procedures, plastic surgery procedures and veterinary procedures), by end-user- (hospital laboratories, specialized clinics, ambulatory surgical centers, veterinary hospitals and veterinary clinics) and across five states of the USA

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Table of Content

1. Executive Summary

1.1. USA Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Value-Added Insights

4.1. Product Adoption / Usage Analysis

4.2. Branding and Promotional Strategies

4.3. Reimbursement Landscape

4.4. Regulatory Scenario

4.5. PESTLE Analysis

4.6. Porter's Analysis

5. Market Demand Analysis 2015 to 2022 and Forecast, 2023 to 2033

5.1. Historical Market Volume (Units) Analysis, 2015 to 2022

5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033

5.2.1. Y-o-Y Growth Trend Analysis

6. Market - Pricing Analysis

6.1. Regional Pricing Analysis By Product

6.2. Pricing Break-up

6.2.1. Manufacturer-Level Pricing

6.2.2. Distributor Level Pricing

6.3. USA Average Pricing Analysis Benchmark

6.4. Pricing Assumptions

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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SOURCE: Future Market Insights Inc.

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