Veterinary Sutures Market is expected to reach US$ 482.1 Million by 2033, expanding at a CAGR of 3.8% from 2023 to 2033

Rising Awareness of the Benefits of Veterinary Surgical Procedures and Increasing Focus on Animal Welfare has resulted in Increased Demands for Veterinary Sutures. The USA dominated the global market in 2022 and is expected to register a CAGR of 3.0% during the forecast period. China is projected to grow with a CAGR of 6.4% over the forecast duration.

/EIN News/ — NEWARK, Del, May 24, 2023 (GLOBE NEWSWIRE) — As per Future Market Insights’ latest industry analysis, the valuation for the global veterinary sutures market was around US$ 323.00 Million in 2022 and is projected to exhibit a CAGR growth of close to 3.8% over the forecast period, with an estimated valuation of US$ 482.10 Million by 2033.

Veterinary sutures are used in a variety of surgical procedures to close wounds or incisions. The primary purpose of sutures is to hold tissues together and promote healing. In recent years, there has been a growing focus on animal welfare and the use of best practices in veterinary care.

Pet owners are increasingly demanding high-quality care for their animals, and are willing to invest in surgical procedures that can improve their pet’s quality of life. In addition, veterinary organizations are placing greater emphasis on promoting animal welfare, and are encouraging the use 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 veterinary sutures market, and are expected to continue to drive demand for veterinary sutures in the coming years.

Key Takeaways from Market Study

• Absorbable sutures are the leading segment among suture types, and held about 61.7% 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 23.3% 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 41.4% 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 2.9% during the forecasted years.

“Increasing pet adoption across the globe and investment in research and development to advance the field of veterinary surgery to create the lucrative potential for the market to grow,” says an analyst of Future Market Insights.

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Key Companies Profiled

• B. 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

Market 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.

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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.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply-Side Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

    2.3. Inclusions and Exclusions

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Innovation / Development Trends

4. Value-Added Insights

    4.1. Product Adoption Analysis by Region

    4.2. Reimbursement Scenario

    4.3. New Product Launches & Approvals

    4.4. Regulatory Scenario

    4.5. PESTLE Analysis

    4.6. Porter’s Analysis

5. Market Background

    5.1. Macro-Economic Factors

        5.1.1. Global GDP Growth Outlook

        5.1.2. Global Healthcare Spending Outlook

        5.1.3. Parent Market Analysis (Surgical Sutures Market)

    5.2. Forecast Factors – Relevance & Impact

        5.2.1. Rising Healthcare Spending

        5.2.2. Increasing Number of Wound & Injuries in Animals

        5.2.3. Greater Demand for Minimally Invasive Procedures

        5.2.4. Increasing Initiatives by Manufacturers to Educate the General Population

        5.2.5. Increasing Pet Adoption Rate

        5.2.6. Key companies are focusing on novel product developments and launches

        5.2.7. Availability of Products

        5.2.8. Stringent Regulatory Policies

        5.2.9. COVID-19 Impact

Complete the TOC of this Report@ https://www.futuremarketinsights.com/toc/rep-gb-17270

About Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here.

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