Future Market Insights (FMI), a leading market research firm, has unveiled its latest industry analysis, indicating a noteworthy growth trajectory for the Global Veterinary Sutures Industry. As of 2022, the market valuation stands at approximately US$ 323.00 Million, with a forecasted Compound Annual Growth Rate (CAGR) of nearly 3.8% anticipated over the coming years. FMI projects the market to achieve an estimated valuation of US$ 482.10 Million by the year 2033.
Veterinary sutures play a pivotal role in various surgical procedures, serving to close wounds and incisions. The primary objective of sutures is to facilitate tissue healing by securely holding them together. With an increasing emphasis on animal welfare and the adoption of best practices in veterinary care, the demand for high-quality veterinary sutures has witnessed a significant upswing.
Pet owners, in particular, are becoming more discerning about the healthcare provided to their beloved animals. This growing awareness has translated into a willingness to invest in advanced surgical procedures that can enhance their pets’ quality of life. Simultaneously, veterinary organizations worldwide are prioritizing animal welfare, actively promoting the incorporation 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 Global Veterinary Sutures Industry, and are expected to continue to drive demand for veterinary sutures in the coming years.
Key Takeaways from Global Veterinary Sutures Industry Study
- Absorbable sutures are the leading segment among suture types, and held about 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 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 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 9 during the forecasted years.
Global Veterinary Sutures Industry Key Companies Profiled
- 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
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Global Veterinary Sutures Industry 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.
Key Segments Covered in Global Veterinary Sutures Industry Research
By Suture Type:
- Absorbable Sutures
- Non-Absorbable Sutures
By Raw Material:
- 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
- Others
By Distribution Channel:
- Veterinary Hospitals
- Veterinary Clinics
- Academic & Research Institutes
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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