According to Future Market Insights research, during the projected period, the global veterinary sutures market is expected to grow at a CAGR of 3.8%. The market value is projected to increase from USD 333.38 Million in 2023 to USD 482.1 Million by 2033.
The veterinary sutures market was valued at USD 323.0 Million at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 3.2% in 2023.
Market Outlook:
Data Points | Market Insights |
---|---|
Market Value 2022 | USD 323.00 Million |
Market Value 2023 | USD 333.38 Million |
Market Value 2033 | USD 482.10 Million |
CAGR 2023 to 2033 | 3.8% |
Share of Top 5 Countries | 57.5% |
Key Players | 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 |
An injury/wound in animals may results in a break, tear, or damage to the skin or underlying tissues. Wounds can be caused due to several factors, which includes overcrowding in animals, animal bites, climate changes, surgical procedures, or infections disorders in animals.
The veterinary sutures are used to close wounds or incisions in animals. There are mainly two types of veterinary sutures - absorbable suture and non-absorbable suture. The types of sutures that veterinarians may use, depends on the location, size, and type of tissue being repaired.
The absorbable sutures are typically used for internal wounds or incisions, during surgeries of the internal organs, muscles, or other tissues. Non-absorbable sutures are made from materials like such as nylon, silk, or steel. They are typically used for wounds or incisions that require long-term support, such as skin lacerations, or for the repair of tendons or ligaments.
Overall, the increasing pet ownership rate, advancements in suture material and greater awareness of the benefits of wound closure with sutures is likely due to their convenience, efficacy, and safety, which is likely to boost the market in the coming years.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Sales of the veterinary sutures market grew at a CAGR of 2.4% between 2015 to 2022. Veterinary sutures market contributes 7.5% revenue share to the global surgical sutures market value at around USD 4.3 Billion in 2022.
There has been a significant increase in pet adoption around the world in recent years. With the rising social media activities and increased access to information, there has been a growing awareness of animal welfare issues around the world. This has led people adopt pets from animal shelters and rescue organizations, rather than buying from breeders or pet stores.
There are several studies have shown that owning a pet can have a positive impact on human health the reason includes reducing stress, improving mental health, and increasing physical activity. This has led to an increase in the number of people seeking to adopt pets as companion animals.
Many animal shelters and rescue organizations now hold adoption events and campaigns to encourage pet adoption. These events often feature reduced adoption fees, education on responsible pet ownership, and opportunities to meet and interact with pets.
Hence, with increasing pet adoption the chances of injuries and wounds in their pets is also increasing with different factors including outdoor activities, lack of supervision on pets, health conditions of pets.
Considering this, FMI expects the global veterinary sutures market to grow at a CAGR of 3.8% through the forecasted years.
Minimally invasive surgical procedures are becoming more popular in veterinary medicine. Minimally invasive procedures require smaller incisions than traditional surgeries, which can reduce pain and discomfort for the animal and speed up the recovery process. Due to the incisions are smaller, the risk of infection is also lower than with traditional surgeries.
The development of new suturing materials for veterinary surgical procedures has the potential to improve the outcomes of surgical procedures by providing better wound healing and reducing the risk of infection. In addition, expansion of veterinary services in developing regions is crucial to improving animal health and welfare, as well as public health and food security.
In many developing regions, there is a lack of access to veterinary services, which can lead to the spread of diseases, poor animal welfare, and reduced productivity in the agricultural sector.
Thus providing training and education to local veterinary professionals, increasing use of telemedicine, engaging with local communities and building trust can help increase the uptake of veterinary services and improve animal health and welfare.
Hence, due to increasing adoption of minimally invasive surgeries, development of new and innovative raw materials for suture manufacturing and expansion of veterinary services in developing regions is ultimately creating opportunities for veterinary suture market.
As the market for veterinary sutures is smaller than the human medical market, and the volume of sutures required for veterinary procedures is typically lower than for human procedures, there are a limited number of manufacturers that specialize in veterinary suture manufacturing.
The limited number of manufacturers in the veterinary suture market does create some challenges for both manufacturers and customers. For manufacturers, it can be difficult to compete in a relatively small market, and there may be limited opportunities for growth or expansion.
For customers, limited options can make it more difficult to find the exact products they need or to negotiate favourable pricing.
These factors are expected to hamper revenue growth of the global market over the forecast period.
The USA dominated the global market in 2022 and is expected to register a CAGR of 3.0% during the forecast period.
The United States has the most advanced veterinary care in the world, with a large number of specialized veterinary clinics and hospitals that offer a wide range of surgical procedures. This advanced level of care often requires the use of specialized veterinary sutures, which contributes to the higher demand for these products in the United States.
Also, the United States has a well-established distribution network for veterinary products, including sutures. This makes it easier for manufacturers to distribute their products to veterinary clinics and hospitals across the country.
The demand for veterinary sutures will increase due to high prevalence, which will drive the expansion of the market.
Russia dominated the European market for veterinary sutures and accounted for around 31.4% of the market share in 2022.
Russia has a relatively large pet population among all the European countries this large pet population creates a significant demand for veterinary care and surgical procedures, including the use of veterinary sutures.
Also, the Russian government has implemented various policies and initiatives aimed at improving animal welfare and promoting pet ownership. This support for the pet industry has also contributed to the growth of the veterinary care industry and the demand for veterinary sutures.
Hence, Russia holds the dominant share and continue to do so over the forecasted period.
China is projected to be the most attractive market for veterinary sutures, and is expected to grow over a significant CAGR of 6.4% over the forecast period.
In some parts of China, traditional medicine practices may be used for treating animal wounds instead of modern veterinary medicine. While these practices may have cultural significance, they may not be as effective in treating animal wounds as modern veterinary medicine.
Due to such factors, in China, there is increasing number of wounds and injuries of animals and the proper treatments and medication will be required which sets the China as an emerging market for veterinary sutures.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The absorbable suture segment held the major chunk of about 61.7% in global market by the end of 2022.
The absorbable sutures do not require removal after the incision has healed, which can be challenging in animals that may resist restraint or require anesthesia to remove sutures. Additionally, the use of absorbable sutures eliminates the need for a follow-up appointment for suture removal, reducing the overall cost and inconvenience to the owner.
Also, absorbable sutures are less likely to cause tissue reactions, such as inflammation, infection, or rejection, which can delay wound healing and increase the risk of complications. This is especially important in veterinary surgeries, where animals may be more prone to infection due to their outdoor or unsanitary living conditions.
Due to such facts, the absorbable sutures are preferred over non-absorbable sutures in veterinary surgeries.
The Polyglactin absorbable surgical sutures segment held the market share of about 23.3% in global market by the end of 2022.
The polyglactin is a synthetic polymer that is made from glycolide and lactide monomers, which break down in the body over time and are absorbed by the body's natural processes. There excellent handling characteristics of polyglactin sutures includes they are easy to work with, and have a smooth, non-lifting surface, which reduces the risk of tissue irritation and infection. Polyglactin sutures are also available in a range of sizes and lengths, making them suitable for use in various surgical procedures and in animals of different sizes.
The excellent handling characteristics, low inflammatory response, availability of different sizes and lengths, and cost-effectiveness make Polyglactin sutures a popular choice for veterinary surgeons in various surgical procedures.
The veterinary hospitals segment accounted for revenue share of 41.4% in the global market at the end of 2022.
The veterinary hospitals tend to see more emergency cases, which may require more sutures to address acute injuries or wounds. This may lead to a higher use of sutures in veterinary hospitals compared to veterinary clinics, which tend to focus more on routine procedures such as vaccinations, check-ups, and minor surgeries.
Hence, due to higher complexity and volume of surgical cases that handle by veterinary hospitals, as well as their larger staff and inventory of surgical supplies they holds maximum market share in veterinary services market.
Key players in the market are focused on increase their product portfolio to strengthen their position in the veterinary suture market, and to expand their footprint in emerging markets.
The key strategy adopted by manufacturers to gain competitive edge in the market are invests heavily in research and development to create new products and technologies, actively expansion of their presence in emerging markets, joint ventures and partnership agreements.
For instance:
Similarly, recent developments have been tracked by the team at Future Market Insights related to companies in the veterinary sutures market space, which are available in the full report
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2015 to 2022 |
Market Analysis | USD Million for Value |
Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East; and Africa (MEA) |
Key Countries Covered | USA, Canada, Brazil, Mexico, Argentina, Germany, UK, France, Italy, Spain, Russia, BENELUX, Nordics, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia, New Zealand, Türkiye, South Africa, North Africa, and GCC Countries |
Key Segments Covered | Treatment, Distribution Channel, and Region |
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 |
Report Coverage | Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The market is estimated to reach USD 482.1 million by 2033.
Somni Scientific, CP Medical, and Vetersut are the key market players.
The market is estimated to secure a valuation of USD 333.38 million in 2023.
The growth potential of the market is 3.8% through 2033.
Advancements in suture material drive sales.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Value Added Insights 5. Market Background 6. COVID-19 Crisis Analysis 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2015 to 2022 and Forecast, 2023 to 2033 8. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Suture Type 8.1. Absorbable Sutures 8.2. Non-Absorbable Sutures 9. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Raw Material 9.1. Catgut Absorbable Surgical Sutures 9.2. Polyglactin Absorbable Surgical Sutures 9.3. Poliglecaprone Absorbable Surgical Sutures 9.4. Polydioxanone Absorbable Surgical Sutures 9.5. Polyglycolic Acid Absorbable Surgical Sutures 9.6. Silk Non-Absorbable Surgical Sutures 9.7. Nylon (poylamide) Non-Absorbable Surgical Sutures 9.8. Polypropylene Non-Absorbable Surgical Sutures 9.9. Stainless Steel Non-Absorbable Surgical Sutures 9.10. Others 10. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By End User 10.1. Veterinary Hospitals 10.2. Veterinary Clinics 10.3. Academic & Research Institutes 11. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. South Asia 11.5. East Asia 11.6. Oceania 11.7. Middle East & Africa 12. North America Market Analysis 2015 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2015 to 2022 and Forecast 2023 to 2033 14. Europe Market Analysis 2015 to 2022 and Forecast 2023 to 2033 15. East Asia Market Analysis 2015 to 2022 and Forecast 2023 to 2033 16. South Asia Market Analysis 2015 to 2022 and Forecast 2023 to 2033 17. Oceania Market Analysis 2015 to 2022 and Forecast 2023 to 2033 18. Middle East and Africa Market Analysis 2015 to 2022 and Forecast 2023 to 2033 19. Market Structure Analysis 20. Competition Analysis 20.4.1. B. Braun Vet Care GmbH 20.4.2. Ethicon, Inc. (Johnson & Johnson) 20.4.3. Medtronic Plc 20.4.4. Betatech Medical 20.4.5. Changzhou Zener Medtec 20.4.6. Gamastech 20.4.7. Génia 20.4.8. KATSAN Medical Devices 20.4.9. RWD Life Science 20.4.10. SoMillioni Scientific 20.4.11. CP Medical 20.4.12. Vetersut 20.4.13. Vitrex Medical 20.4.14. AIP Medical SA 20.4.15. Oasis 20.4.16. GPC Medical Ltd 20.4.17. AdvaCare Pharma 20.4.18. Cortis 21. Assumptions and Acronyms Used 22. Research Methodology
Explore Healthcare Insights
View Reports