Global Catgut Sutures Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Absorbable Sutures and Non-Absorbable Sutures.

By Raw Material;

Natural and Synthetic.

By End User Channel;

Hospitals, Ambulatory Surgical Centers and Specialty Clinics.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn600859700 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global Catgut Sutures Market (USD Million), 2020 - 2030

In the year 2023, the Global Catgut Sutures Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The global catgut sutures market is witnessing significant growth owing to several factors driving its demand and adoption across the medical industry. Catgut sutures, made from natural materials like purified collagen derived from the serosal layer of bovine intestines, have long been favored for their biodegradability and excellent tensile strength. With an increasing emphasis on biocompatibility and reduced tissue reaction, catgut sutures have gained prominence in surgical procedures, particularly in specialties such as obstetrics, gynecology, and ophthalmology.

One of the primary drivers propelling the catgut sutures market is the surge in surgical procedures worldwide, spurred by the growing prevalence of chronic diseases and the expanding geriatric population. Additionally, the rising preference for minimally invasive surgeries, which require high-quality suturing materials for optimal wound closure, has further fueled the demand for catgut sutures. Moreover, advancements in manufacturing techniques have led to the development of catgut sutures with enhanced tensile strength and knot security, thereby widening their applicability across a spectrum of surgical interventions.

The increasing focus on healthcare infrastructure development in emerging economies has contributed to the market's expansion, as it has bolstered access to advanced surgical procedures and medical devices, including catgut sutures. Additionally, strategic initiatives undertaken by key market players to broaden their product portfolios through research and development activities have intensified competition within the market. These factors collectively indicate a favorable outlook for the global catgut sutures market, with continued growth anticipated in the foreseeable future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Raw Material
    3. Market Snapshot, By End User Channel
    4. Market Snapshot, By Region
  4. Global Catgut Sutures Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing surgical procedures demand
        2. Rising geriatric population globally
        3. Advancements in medical technology
        4. Growing prevalence of chronic diseases
        5. Surge in cosmetic surgeries
      2. Restraints
        1. Availability of alternative suturing materials
        2. Stringent regulatory requirements
        3. Risk of infections
        4. High cost of catgut sutures
        5. Limited awareness in developing regions
      3. Opportunities
        1. Expansion in emerging markets
        2. Development of novel formulations
        3. Rising demand for minimally invasive surgeries
        4. Collaborations for product innovation
        5. Growing healthcare infrastructure investment
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Catgut Sutures Market, By Product Type, 2020 - 2030 (USD Million)
      1. Absorbable Sutures
      2. Non-Absorbable Sutures
    2. Global Catgut Sutures Market, By Raw Material,2020 - 2030 (USD Million)
      1. Natural
      2. Synthetic
    3. Global Catgut Sutures Market, By End User Channel, 2020 - 2030 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
      3. Specialty Clinics
    4. Global Catgut Sutures Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Johnson and Johnson Services Inc.
      2. Smith & Nephew
      3. Medtronic plc
      4. Derma Sciences
      5. 3M Healthcare
      6. B. Braun Melsungen AG
      7. Molnlycke Healthcare
      8. SMB Corporation
      9. Dolphin Sutures
      10. Lotus Surgicals
      11. Riverpoint Medical
  7. Analyst Views
  8. Future Outlook of the Market