As per Future Market Insights’ latest industry analysis, the valuation for the global Veterinary Sutures Market was around US$ 323.00 Million in 2022 and is projected to exhibit a CAGR growth of close to 3.8% over the forecast period, with an estimated valuation of US$ 482.10 Million by 2033.
Veterinary sutures are used in a variety of surgical procedures to close wounds or incisions. The primary purpose of sutures is to hold tissues together and promote healing. In recent years, there has been a growing focus on animal welfare and the use of best practices in veterinary care.
Pet owners are increasingly demanding high-quality care for their animals, and are willing to invest in surgical procedures that can improve their pet’s quality of life. In addition, veterinary organizations are placing greater emphasis on promoting animal welfare, and are encouraging the use of best practices in veterinary care.
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Hence, the increasing focus on animal welfare is indeed one of the factors that are driving the growth in sales of veterinary sutures. The use of sutures is an essential part of surgical procedures for animals and is crucial for promoting faster healing and minimizing post-operative complications. By using high-quality veterinary sutures, veterinarians can ensure that animals recover from surgery as quickly and safely as possible, which is a key component of animal welfare.
As a result, the demand for high-quality veterinary sutures is increasing, as pet owners and veterinarians seek to ensure the best possible outcomes for animals undergoing surgery. Suture manufacturers are responding to this demand by developing new and improved sutures that are specifically designed for veterinary use, and by investing in research and development to advance the field of veterinary surgery.
Overall, these factors are contributing to the growth of the veterinary sutures market, and are expected to continue to drive demand for veterinary sutures in the coming years.
Key Takeaways from Market Study
- Absorbable sutures are the leading segment among suture types, and held about 61.7% market share in 2022, due to their reduced cost and inconvenience, fewer tissue reactions, and decreased risk of long-term complications.
- By raw material type, polyglactin absorbable surgical sutures held about 23.3% of the market share in 2022, polyglactin absorbable surgical sutures is a popular choice of veterinary surgeons in various surgical procedures due to their excellent handling characteristics, low inflammatory response, availability of different sizes and lengths.
- By End User, the veterinary hospitals dominated the global veterinary sutures market withholding the total market share of about 41.4% by the end of 2022, owing to their larger staff and inventory of surgical supplies.
- By region, Europe is leading in the global veterinary suture market and is expected to continue to do so with a projected CAGR rate of 2.9% during the forecasted years.
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Key Companies Profiled
- B. Braun
- Ethicon
- Medtronic Plc
- Betatech Medical
- Changzhou Zener Medtec
- Gamastech
- Génia
- KATSAN Medical Devices
- RWD Life Science
- Somni Scientific
- CP Medical
- Vetersut
- Vitrex Medical
- AIP Medical SA
- Oasis
- GPC Medical Ltd
- AdvaCare Pharma
- Cortis
Market Competition
Leading players are adopting key strategies like expanding sales by launching new products and collaborations for the creation of novel products.
- In March 2023, Animus Surgical launched a new transparent, non-toxic and biodegradable hydrogel wound sealant to replace bandages, which protects the suture lines.
- In September 2022, Johnson & Johnson announced the news that they are establishing two independent, market-leading companies with the announcement of Kenvue. Kenvue is a new consumer healthcare company.
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the veterinary sutures market in its latest study, presenting a historical demand assessment of 2015 – 2022 and projections for 2023 – 2033. The global veterinary sutures treatment 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 suture type– (absorbable sutures, non-absorbable sutures), raw material type (catgut absorbable surgical sutures, polyglactin absorbable surgical sutures, poliglecaprone absorbable surgical sutures, polydioxanone absorbable surgical sutures, polyglycolic acid absorbable surgical sutures, silk non-absorbable surgical sutures, nylon (poylamide) non-absorbable surgical sutures, polypropylene non-absorbable surgical sutures, stainless steel non-absorbable surgical sutures), end user — (veterinary hospitals, veterinary clinics, academic & research institutes), across seven regions of the world.
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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