Suture Wire Market Report 2024 (Global Edition)

Global Suture Wire Market Report 2024 Market Size Split by Type (Absorbable Suture Wire, Non Absorbable Suture Wire), by Application (Surgery, Veterinary, Other), by Filament (Monofilament, Multifilam...

Suture Wire Market Report Description

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Suture Wire Market Insights Video

Competitive Landscape of the Suture Wire Market

In the competitive landscape of the Suture Wire market, various players fight for market share by offering product variants in the suture wire category with different features and specifications. Key players concentrate on critical areas like innovation, quality, price tactics, and fierce rivalry. Companies can differentiate themselves through product variety, technical improvements, distribution networks, and customer service. The competitive dynamics in the suture wire market will necessitate an examination of leading companies' market share, product portfolio, pricing strategies, geographical presence, and research and development efforts over the years.

March 2021, B. Braun Melsungen AG has launched its new Monomax suture product range in Europe. Monomax is a synthetic absorbable suture with excellent tensile strength and knot security. (Source: https://catalogs.bbraun.com/en-01/p/PRID00005402/monomax-absorbable-suture-wall-closure) February 2021, Ethicon, Inc., a subsidiary of Johnson & Johnson, has introduced its new V-LocTM PBT Absorbable Suture, which is intended to deliver high strength and secure wound closure for a variety of surgical operations. (Source: https://www.jnjmedtech.com/en-EMEA/product-family/wound-closure)

Top Companies Market Share in Suture Wire Industry: (In no particular order of Rank)

• Boston Scientific Corporation (US)
• Demetech Corporation (US)
• Endoevolution Llc (US)
• Ethicon Inc. (US)
• Apollo Endosurgery Inc. (US)
• B. Braun Melsungen AG (Germany)
• Smith & Nephew Plc. (UK)
• Surgical Specialties Corporation (Germany)
• Sutures India Pvt Ltd (India)
• Internacional Farmacéutica S.A. (US)
• Medtronic PLC (UK)
• Peters Surgical (France)
• Covidien Plc. (UK)
• Jiangxi Longteng Co. Ltd. (China)
• DemeTech (US)
• Teleflex Incorporated (US)
• Lotus Surgicals Pvt Ltd. (India)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Suture Wire Market

Which Region Dominates the Suture Wire Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. This is owing to its robust healthcare infrastructure, considerable R&D activity, and the presence of major healthcare organizations and manufacturers inside its boundaries. Furthermore, the US healthcare system's concentration on innovation, high healthcare spending, and advantageous reimbursement regulations contribute to its dominant market position.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is predicted to expand the most throughout the projection period due to an increase in the number of senior patients, who require more surgical procedures. Furthermore, growing government investments in healthcare infrastructure across Asia Pacific aim to fulfill the region's unmet healthcare demands, hence driving market growth. The highest population increase in chronic diseases necessitates surgical procedures, making the Asia Pacific area a lucrative market for sutures wire.

The current report Scope analyzes Suture Wire Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Suture Wire

According to Cognitive Market Research, the global Suture Wire market size was estimated at USD 5132.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2052.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Suture Wire market with a market size of USD 1619.72 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The healthcare system in the US is highly advanced and technologically driven, leading to a high volume of surgical procedures being performed.
• The Canada Suture Wire market had a market share of USD 246.35 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The demand for suture wires in Canada is driven by healthcare investments, efforts to enhance healthcare access, and the adoption of advanced surgical techniques.
• The Mexico Suture Wire market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 186.81 million in 2024.

Europe Suture Wire

According to Cognitive Market Research, the global Suture Wire market size was estimated at USD 5132.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1539.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom Suture Wire market had a market share of USD 258.66 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, Suture Wire sales witness an upswing due to the advancements in healthcare infrastructure.
• The France Suture Wire market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 141.65 million in 2024.
• According to Cognitive Market Research, the Germany Suture Wire market size was valued at USD 304.85 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, Suture Wire sales surged due to the increasing number of surgical procedures
• The Italy Suture Wire market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 132.41 million in 2024.
• The Russia Suture Wire market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 238.65 million in 2024.
• The Spain Suture Wire market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 126.25 million in 2024
• The Luxembourg Suture Wire market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 47.73 million in 2024.
• The Portugal Suture Wire market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 32.33 million in 2024.
• The Greece Suture Wire market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 18.48 million in 2024.
• Rest of Europe's Suture Wire market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 238.65 million in 2024.

Asia Pacific Suture Wire

According to Cognitive Market Research, the global Suture Wire market size was estimated at USD 5132.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1180.41 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Suture Wire market size was valued at USD 531.18 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Suture Wire sales surge in China due to increasing number of surgical procedures.
• The Japan Suture Wire market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 162.90 million in 2024.
• The India Suture Wire market had a market share of USD 141.65 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. The demand for suture wires in India is driven by factors like healthcare investments, efforts to improve healthcare access, and the adoption of advanced surgical techniques.
• The South Korea Suture Wire market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 118.04 million in 2024.
• The Australia Suture Wire market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 61.38 million in 2024.
• The South East Asia Suture Wire market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 81.45 million in 2024.
• The Rest of Asia Pacific Suture Wire market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 83.81 million in 2024.

South America Suture Wire

According to Cognitive Market Research, the global Suture Wire market size was estimated at USD 5132.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 256.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Suture Wire market size was valued at USD 109.83 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Suture Wire sales flourish in Brazil due to rising prevalence of chronic diseases that require surgical intervention.
• Argentina Suture Wire market had a market share of USD 43.11 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. The demand for suture wires in Argentina is driven by the growth in healthcare investments, efforts to improve healthcare access, and the adoption of advanced surgical techniques.
• Colombia Suture Wire market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 22.84 million in 2024.
• Peru Suture Wire market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 21.04 million in 2024.
• Chile Suture Wire market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 18.48 million in 2024.
• The Rest of Latin America Suture Wire market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 41.31 million in 2024.

Middle East and Africa Suture Wire

According to Cognitive Market Research, the global Suture Wire market size was estimated at USD 5132.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 102.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• The GCC Countries Suture Wire market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD 43.93 million in 2024. Suture Wire sales flourish due to the increasing demand for surgical procedures.
• The Egypt Suture Wire market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 10.78 million in 2024.
• The South Africa Suture Wire market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 16.22 million in 2024. Suture Wire sales flourish in South Africa due to the advancements in healthcare infrastructure.
• The Turkey Suture Wire market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 8.83 million in 2024.
• The Nigeria Suture Wire market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 10.78 million in 2024.
• The Rest of MEA Suture Wire market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 12.11 million in 2024.

Suture Wire Market Analysis

Suture Wire Market Type Segment Analysis

According to Cognitive Market Research, the absorbable segment has the largest market share during the forecast period. The need for absorbable sutures is always increasing due to their capacity to maintain wounds while they heal and sustain normal tension temporarily. Furthermore, absorbable sutures disintegrate naturally, making them the favored option. Many businesses have launched new goods, and some have won clearance.

The non-absorbable sector is expected to expand at the highest CAGR over the forecast period. because of its long-term nature and ongoing demand for various surgical operations. Their durability and effectiveness are driving their appeal, which is contributing to their profitable market expansion.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Suture Wire Industry. Request a Free Sample PDF!

Suture Wire Market Application Segment Analysis

According to Cognitive Market Research, the surgery segment has the highest contribution to the Suture Wire Market. Suture wires are widely used in surgical operations in human healthcare to close wounds and repair tissues; thus, due to strong demand from hospitals, clinics, and health facilities, they account for a significant market share.

The veterinary segment has the fastest growth in the suture wire market. The growing use of improved surgical techniques in the field of veterinary care, combined with an increase in the number of pet surgeries, has accelerated the usage of suture wires in the veterinary industry.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Suture Wire Filament Segment Analysis

Filament Segment Analysis

According to Cognitive Market Research, the multifilament category dominated the market in terms of revenue share and is predicted to increase the most throughout the forecast period. This can be linked to multifilament's advantages, such as increased compliance, tensile strength, and flexibility.

Monofilament is gaining popularity in the market because to its single-strand construction, which reduces tissue stress and improves handling during procedures. Monofilament sutures are becoming increasingly popular due to their lower risk of infection and tissue response, which has contributed significantly to their growing market share. However, monofilament sutures are difficult to manage and can induce suture crushing or crimping, as well as unwanted and premature suture failure during surgery due to memory. This factor limits the growth of monofilament sutures.

• Monofilament
• Multifilament

Suture Wire End users Segment Analysis

End users Segment Analysis

According to Cognitive Market Research, the dominating category is hospital. Hospitals utilize suture wire for many different applications. Some typical applications include sewing up cuts, reattaching amputated limbs, and healing wounds that have become too large to be healed with sutures alone.

The fastest-growing category in the Suture Wire market is clinics. Suture wire is used in clinics for a variety of functions, including closing incisions during and after surgery, as well as providing retraction during wound closure before applying stitches or staples. Suture wire is used to build a framework for skin grafts in situations when there is insufficient tissue available, such as burns on the extremities or skin from a location more than an inch away from the lesion.

• Hospitals
• Clinics
• Others

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion