Healthcare

Cardiac Sutures Market Growth Trajectory Through 2024-2033

The Cardiac Sutures Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Cardiac Sutures Global Market Report 2024, The cardiac sutures market size has grown strongly in recent years. It will grow 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 can be attributed to surgical procedure evolution, increasing cardiovascular disease, surge in minimally invasive surgeries, growing aging population, r&d investments.

The cardiac sutures market size is expected to see strong growth in the next few years. It will grow to $2.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to global healthcare infrastructure growth, focus on patient outcomes and recovery, surgeons’ preference and specialization, regulatory compliance and stringent standards, 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, enhanced suture coatings.

The rising prevalence of cardiovascular diseases is expected to propel the growth of the cardiac suture market going forward. Cardiovascular disease refers to conditions that affect the heart or blood vessels. Cardiac sutures are used to close wounds and provide the mechanical support necessary to sustain closure after cardiovascular surgeries. For instance, in October 2022, according to a report published by the Centers for Disease Control and Prevention, a US-based public health agency, about 20.1 million individuals aged 20 and older have cardiovascular diseases. Furthermore, cardiovascular disease (CVD) remains the most common cause of death in the US, accounting for 695,000 deaths in 2021. Therefore, the rising prevalence of cardiovascular diseases will drive the cardiac sutures market.

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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

Product innovation is a key trend gaining popularity in the cardiac suture market. Major companies operating in the cardiac suture market are working on new product innovations to sustain their position in the market. For instance, in January 2023, Able Medical Devices., a US-based medical equipment manufacturer, launched its Valkyrie looped sternotomy sutures, especially for use after open heart surgeries. This innovative product uses stainless steel sutures to close a patient’s chest after open heart surgery. Compared to traditional wire sutures, Valkyrie doubles the surface area of single wires and provides a more robust sternal closure. It is designed to reduce the risk of sternal dehiscence, a severe complication that can occur after sternotomy procedures. It also contains unique features such as a looped design, high tensile strength, minimal invasiveness, ease of use, and helps improve patient outcomes.

The cardiac sutures market report table of contents includes: