Global Cardiac Sutures Market Size 2024, Forecast To 2033
6 Mar, 2024
The cardiac sutures market size has seen robust growth, increasing from $1.39 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period is attributed to surgical procedure evolution, increasing cardiovascular disease, surge in minimally invasive surgeries, growing aging population, and R&D investments. Projections suggest strong growth, with the market expected to reach $2.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. This growth is driven by global healthcare infrastructure growth, focus on patient outcomes and recovery, surgeons' preference and specialization, regulatory compliance, stringent standards, and rising demand for biodegradable sutures. Major trends in the forecast period include integration of nanotechnology, robotic-assisted surgery, sutures for structural heart procedures, biodegradable sutures, and enhanced suture coatings.
Global Cardiac Sutures Market Key Driver
The cardiac suture market is poised for growth, driven by the rising prevalence of cardiovascular diseases globally. Cardiovascular diseases encompass a range of conditions affecting the heart or blood vessels, necessitating surgical interventions for treatment. Cardiac sutures play a crucial role in wound closure and provide mechanical support following cardiovascular surgeries. As reported by the Centers for Disease Control and Prevention in October 2022, approximately 20.1 million individuals aged 20 and older suffer from cardiovascular diseases in the United States alone. Furthermore, cardiovascular disease remains the leading cause of death in the US, claiming 695,000 lives in 2021. Hence, the escalating prevalence of cardiovascular diseases serves as a key driver for the cardiac sutures market's growth in 2023, 2024, and beyond.
Get A Free Sample Of The Global Cardiac Sutures Market ReportGlobal Cardiac Sutures Market Segments
The cardiac sutures market covered in this report is segmented –
1) By Type: Absorbable Sutures, Non-Absorbable Sutures
2) By Material Type: Natural, Synthetic
3) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
By Geography:The regions covered in the cardiac sutures market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the cardiac sutures market in 2023. The regions covered in the cardiac sutures market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Cardiac Sutures Industry Players
Abbott Laboratories, Medtronic plc, Johnson & Johnson, B. Braun SE, Teleflex Incorporated, Smith & Nephew plc, Boston Scientific Corporation, CONMED Corporation, Deme TECH Corporation, Apollo Endosurgery Inc., Cryolife Inc., W. L. Gore & Associates Inc., Peters Surgical, Stryker Corporation, Ethicon Inc., Internacional Farmacéutica, Sutures India, Mellon Medical B.V., EndoEvolution LLC, Surgical Specialties Corporation, Arthrex Inc., Covidien Holding Inc., Gunze Ltd., Centennial Surgical Suture Ltd., Assut Medical Sarl, Healthium Medtech Ltd., Meril Life Sciences Pvt. Ltd., Cardiovascular Systems Inc., Gore Medical Inc., LivaNova plc
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Cardiac Sutures Market Overview
Cardiac sutures are medical devices that close incisions or wounds in the heart or surrounding tissues during cardiac surgery. The stitches are made using a needle and a thread-like material and are used to close incisions or repair damage to the heart tissue.
Cardiac Sutures Global Market Report 2023 provides data on the global cardiac sutures market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cardiac sutures market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.