The demand for surgical suture materials is on rise with the growing number of surgical procedures across the globe, regardless of the availability of suture substitute such as surgical staples, glues, and strips in the market. Recently, several efforts are being made for the development of novel sutures with additional features such as smart sutures, antimicrobial sutures, and bio-active sutures. This will further provide impetus to surgical sutures market growth in the coming years.
The surgical sutures market is expected to grow at a CAGR 5.2% from 2018 to 2024 to reach $5.2 billion by 2024.
Here are the leading companies operating in this market –
Braun Melsungen AG
Founded in 1839 and headquartered in Melsungen, Germany; B. Braun Melsungen AG, along with its subsidiaries, manufactures and distributes various healthcare products and services in the fields of anesthesia, intensive care, cardiology, extracorporeal blood treatment, and surgery worldwide. The B. Braun product range comprises a total of 5,000 products, 95% of which are manufactured by the company. The company operates through four reportable segments namely, Hospital Care, Aesculap, Out Patient Market, and B. Braun Avitum. The Aesculap division offers expertise in surgical, orthopedic and interventional treatment concepts related to inpatient and outpatient care.
The company has strong presence in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
Boston Scientific Corporation
Founded in 1979 and headquartered in Massachusetts, the U.S.; Boston Scientific Corporation operatesin developing, manufacturing, and marketing medical devices for use in various interventional medical specialties worldwide. The company operates through three operating business segments namely, Cardiovascular, Rhythm Management, and MedSurg.
With the strong distribution network and more than 35 subsidiaries; the company has a strong geographical presence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Founded in 1949 and headquartered in Dublin, Ireland; Medtronic plc designs, manufactures, and sells medical devices. The company offers its products under four operating business segments namely, Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group.
The company’s Minimally Invasive Therapies Group offers surgical products, including surgical stapling devices, vessel sealing instruments, wound closure, electrosurgery products, hernia mechanical devices, mesh implants, gynecology products, hardware instruments and mesh fixation device, and gastrointestinal, inhalation therapy, and renal care solutions.
The company has a strong geographical presence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa with its 30 subsidiaries including Medtronic PS Medical, Inc., Medtronic MiniMed, Inc., India and Medtronic Private Ltd.
Ethicon Inc. (A Johnson & Johnson Company)
Founded in 1887 and headquartered in New Jersey, the U.S.; Johnson & Johnsonis engaged in research and development, manufacture, and sales of wide range of products in healthcare field. The company operates through three business segments- Consumer, Pharmaceuticals, and Medical Devices.
Medical devices segment of the company comprises broad range of products used in the orthopedic, surgery, cardiovascular, diabetes care and eye health fields.Johnson & Johnson provide surgical suture products through its subsidiary Ethicon, Inc
The company has a strong geographic presence across the U.S., Europe, Asia-Pacific, Western Hemisphere, and Africa.
Founded in 1943 and headquartered at Pennsylvania, the U.S.; Teleflex Incorporated primarily develops, manufactures, and supplies single-use medical devices used by the hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. The company operates through seven reported segments including Vascular North America, Interventional North America, Anesthesia North America, Surgical North America, EMEA, Asia and OEM.
The Surgical North America segment of the company offers surgical products designed to provide surgeons with a comprehensive range of devices for use in a variety of surgical procedures.
The company has a strong geographic presence across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
A report into the projected growth of the current surgical sutures market by Meticulous Research® has produced some incredible forecasts for the industry. By 2024, it’s expected to have grown at a CAGR of 5.2%, reaching over $ 5.2 billion.
Smith & Nephew
Founded in 1856 and headquartered in London, U.K.; Smith & Nephew designs, develops, and sells medical devices all across the globe. The company operates through nine reportable segments including knee implants, hip implants, trauma & extremities, sports medicine joint repair, arthroscopic enabling technologies, other surgical businesses, advanced wound care, advanced wound bioactives, and advanced wound devices.
The company has a strong geographic presence across Americas, Europe, Asia, Australia, New Zealand, and Middle East & Africa.
Founded in 1970 and headquartered at Utica, the U.S.; CONMED Corporation develops, manufactures, and provides surgical devices and equipment for minimally invasive procedures. The company operates through single operating segment entity engaged in the development, manufacturing and sale on a global basis of surgical devices and related equipment. The company offers its products through two product lines namely, orthopedic surgery and general surgery.
The company has a strong geographic presence across Americas, Europe, Asia-Pacific, and Middle East & Africa.
Founded in 1969 and headquartered at México DF, México; Internacional Farmacéutica S.A. De C.V.is a manufacturer of medical devices, producing high quality surgical products and supplies surgical sutures through its Atramat brand. The company offers wide range of surgical sutures, surgical needles, and surgical mesh. The company is continuously innovating new products in the fields of laparoscopy, haemostatics, hernia meshes, surgical instruments and spinal implants as well as new surgical sutures such as antibacterial coated and barbed sutures.
The company has a strong geographic presence across the globe. The company sells its products in over 80 countries through a network of expert business partners.
Incorporated in 1990 and headquartered inMiami,Florida, the U.S.; DemeTech Corporation manufactures and distributes absorbable and non-absorbable sutures. In addition, it offers surgical blades and surgical staplers.
The company has its facilities in North America, South America, Asia, the Middle East, and Europe. The company markets and sells its products through a network of distributors in North& South America, Central America, Asia, Africa, Europe, and South Pacific.
Founded in 1926 and headquartered at Bobigny, France; Peters Surgical develops, manufactures, and distributes medical devices across the globe. The company offers products such as sutures, clips-VTO, meshes, implants, and surgical glue. The company provides wide range of absorbable, nonabsorbable, and ophthalmic sutures.
The company offers products that are mainly used in cardio-vascular and thoracic; ophthalmic; aesthetic; digestive; urology; gynecology; maxillo-facial; and ortho-traumatology treatments. With strong network of distribution, the company has its presence in in more than 150 countries.
Popular Mentions: Sutures India (A Division of Healthium), EndoEvolution LLC, Surgical Specialties Corporation, and Mellon Medical BV
Authoritative Research on the Surgical Sutures Market
Need more information? Meticulous Research’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
- Impact of Covid 19
Comprehensive report provides in surgical sutures market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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