Future Market Insights (FMI), a leading market research firm, unveils groundbreaking insights into the USA Knotless Surgical Sutures Industry, forecasting a remarkable compound annual growth rate (CAGR) of 3.6% during the forecast period. The market is anticipated to witness a substantial surge, escalating from its 2023 valuation of US$181.0 million to an impressive US$258.7 million by 2033.
In a dynamic landscape where innovation is paramount, leading companies are channeling their efforts into extensive research, aiming to unveil new and improved versions of knotless surgical sutures. These advancements include the incorporation of synthetic materials to enhance tissue-holding properties, the introduction of antibacterial or Triclosan-coated polyglactin 910 sutures, the development of barbed sutures, utilization of braiding technologies, and the creation of absorbable sutures from fibers sourced from animal intestines or artificially engineered polymers.
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In July 2022, Dolphin Sutures launched a range of antibacterial sutures 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 USA Knotless Surgical Sutures Industry 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 eliminated 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.
USA Knotless Surgical Sutures Industry 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.
USA Knotless Surgical Sutures Industry Key Companies Profiled
- Medtronic
- 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
USA Knotless Surgical Sutures Industry
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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 to 2022 and projections for 2023 to 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.
Key Segments Covered in USA Knotless Surgical Sutures Industry Research
By Product:
- Absorbable Surgical Sutures
- 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
- Stainless Steel Non-Absorbable Surgical Sutures
By Source:
- Natural
- Synthetic
- Monofilament
- Braided
- Coated
- Uncoated
By Application:
- Cardiovascular Procedures
- General Surgery Procedures
- Ophthalmic Procedures
- Orthopedic Procedures
- Dental Procedures
- Gastroenterology Procedures
- Gynecology Procedures
- Plastic Surgery Procedures
- Veterinary Procedures
By End User:
- Hospital Laboratories
- Specialized Clinics
- Ambulatory Surgical Centers
- Veterinary Hospitals
- Veterinary Clinics
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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