|
Forecast Period
|
2024-2028
|
|
Market Size (2022)
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34.52 million
|
|
CAGR (2024-2028)
|
6.00%
|
|
Fastest Growing Segment
|
Hospitals & Clinics
|
|
Largest Market
|
Central Vietnam
|
Market Overview
Vietnam Surgical Suture Market has valued at USD 34.52
million in 2022 and is anticipated to witness an impressive growth in the
forecast period with a CAGR of 6.00% through 2028. Surgical sutures, commonly
referred to as stitches, are medical devices used to close wounds, incisions,
or surgical openings in the body. They play a critical role in the healing
process and are an integral part of surgical and medical procedures. Surgical
sutures are typically made of various materials, each with unique properties,
to suit different surgical needs. Surgical sutures come in various sizes,
typically denoted by numbers. The higher the number, the smaller the suture.
The choice of suture size depends on factors like the type of tissue being
sutured, the location of the wound, and the surgeon's preference. Suture
materials are chosen based on their compatibility with the tissue being
sutured. Some tissues require sutures that minimize tissue irritation or
inflammation, while others require stronger sutures to support the tissue
during healing. There are specialized sutures designed for specific surgical
applications. For example, sutures for cardiovascular surgery are different
from those used in ophthalmic surgery. Specialized sutures meet the unique
demands of each surgical specialty.
As the population grows and ages, the demand for
surgical interventions has been on the rise. Continuous innovation in suture
materials and technology has led to the development of more efficient,
biocompatible, and specialized sutures. This includes absorbable sutures,
antimicrobial-coated sutures, and sutures designed for specific surgical applications.
The trend toward minimally invasive surgical techniques, such as laparoscopy
and robotic-assisted surgery, has increased the demand for sutures that are compatible
with these procedures. Specialized sutures designed for minimally invasive
surgery have become essential. The Vietnam demographic shift toward an aging
population has contributed to increased surgical needs. Older individuals often
require more surgical procedures, which drives the demand for surgical sutures.
The prevalence of chronic diseases, such as diabetes and cardiovascular
conditions, has been on the rise. Many of these conditions necessitate surgical
interventions, further boosting the demand for surgical sutures.
Key Market Drivers
Advancements in Suture Technology
Advancements
in suture technology have led to the development of more efficient,
biocompatible, and specialized sutures. These innovations aim to improve
patient outcomes, reduce complications, and enhance the overall surgical
experience. Absorbable sutures are designed to break down and be absorbed by
the body over time. They eliminate the need for suture removal, reducing
patient discomfort and the risk of infection. Different types of absorbable
sutures are available, including those made from materials like polyglycolic
acid (PGA), polylactic acid (PLA), and polydioxanone (PDO). Sutures can be
monofilament (single-stranded) or multifilament (composed of multiple strands).
Monofilament sutures are smoother, cause less tissue trauma, and are associated
with reduced infection risk. Multifilament sutures provide better handling characteristics.
Barbed sutures have small, backward-facing barbs or notches that allow for
easier and more secure tissue approximation. They are often used in minimally
invasive procedures and can eliminate the need for knots. These sutures are
coated with antimicrobial agents such as triclosan or chlorhexidine to reduce
the risk of surgical site infections. Antimicrobial sutures can be particularly
beneficial in high-risk surgeries.
Some surgical procedures require sutures with high
tensile strength to withstand tension and stress on the wound site. These sutures
are often made from materials like polypropylene or polyester. Manufacturers
have developed specialized sutures for specific surgical applications. For
example, sutures designed for cardiovascular surgery are different from those
used in ophthalmic procedures. Specialized sutures meet the unique demands of
each surgical specialty. Sutures designed for minimally invasive procedures,
such as laparoscopy and robotic-assisted surgery, are thinner and more
flexible. They allow for precise suturing in confined spaces. To address
environmental concerns, some companies are developing biodegradable sutures
that break down naturally over time. These sutures reduce the environmental
impact of medical waste. Nanotechnology has been applied to sutures to enhance
their properties. Nanoscale coatings and materials can improve suture strength,
antimicrobial properties, and tissue interaction. Color-coded sutures make it
easier for surgeons to identify the type of suture material and size, reducing
the risk of errors during surgery. Some sutures are equipped with imaging or
tracking features, such as radio-opaque markers or RFID tags. These
technologies help surgeons monitor the suture's position and tension during and
after surgery. Advances in 3D printing and manufacturing technologies have
enabled the creation of customized sutures tailored to the specific needs of a
patient or procedure. This factor will help in the development of Vietnam
Surgical Suture Market.
Growth in Aging Population
Aging is often accompanied by a higher likelihood
of chronic medical conditions, degenerative diseases, and age-related health
issues. Many of these conditions require surgical interventions. As individuals
age, they are more likely to undergo surgeries such as joint replacements,
cardiac procedures, and cancer treatments, all of which require the use of
surgical sutures. Older individuals tend to have more complex health needs,
often requiring a combination of medical treatments and surgical interventions.
The management of these complex health conditions often involves surgery for
diagnosis, treatment, or symptom relief, contributing to the demand for
surgical sutures. Aging is associated with a higher prevalence of orthopedic
problems, such as osteoarthritis and fractures. Joint replacements (e.g., hip
and knee replacements) are common procedures in the elderly population, and
they rely on surgical sutures for wound closure.
Older adults are more susceptible to cardiovascular
diseases, and many require surgical procedures such as bypass surgery, valve
replacements, or stent placements. These procedures involve the use of sutures
for vascular repair and closure. The risk of cancer increases with age, and
cancer treatments often involve surgery to remove tumors or perform
reconstructive procedures. Surgical sutures are essential for closing incisions
and promoting wound healing. Aging can lead to delayed wound healing and
compromised tissue integrity. Surgical sutures play a crucial role in wound
closure and tissue repair, helping to minimize complications in elderly
patients. Older adults may require emergency surgeries due to conditions like
acute appendicitis, bowel obstructions, or traumatic injuries. These surgeries
often involve the use of sutures for tissue closure and repair. Falls and
accidents are more common among older adults and can result in fractures and
other injuries that require surgical treatment, further contributing to the
demand for sutures. The aging population is diverse, and individuals may
require a wide range of surgical procedures based on their specific health
conditions and medical history. This diversity in surgical needs drives the
overall demand for surgical sutures. As healthcare systems adapt to the needs
of an aging population, they invest in advanced medical technologies and
surgical techniques. This includes the use of advanced sutures and wound
closure methods to ensure optimal outcomes for elderly patients. This factor
will pace up the demand of Vietnam Surgical Suture Market.
Rising Chronic Diseases
Chronic diseases encompass a broad range of
long-term medical conditions, such as diabetes, cardiovascular disease, cancer,
and autoimmune disorders. Many chronic diseases require surgical interventions
as part of their treatment or management. For example, patients with advanced
cardiovascular disease may need coronary artery bypass graft surgery, while
cancer patients may require tumor removal surgeries. These surgical procedures
often involve the use of surgical sutures for tissue closure and wound healing.
Chronic diseases can lead to complications that necessitate surgical
procedures. For instance, diabetic patients may develop foot ulcers that
require surgical debridement and suturing to promote healing and prevent
infection. The progression of chronic diseases can also lead to the need for
surgical interventions over time. Chronic conditions like osteoarthritis often
result in the need for joint replacement surgeries, such as hip or knee
replacements. These orthopedic procedures involve the use of surgical sutures
for closing incisions and promoting postoperative healing. Cancer is a chronic
disease characterized by the uncontrolled growth of abnormal cells. Surgical
removal of tumors, lymph nodes, or affected tissues is a common treatment
approach. Surgical sutures play a crucial role in closing incisions after
cancer surgeries.
Chronic conditions like Crohn's disease and
ulcerative colitis, which fall under the category of inflammatory bowel
diseases, may require surgical interventions such as bowel resections or ostomy
procedures. Sutures are used for tissue repair and anastomosis in these
surgeries. Chronic diseases can affect the body's ability to heal wounds
properly. Patients with diabetes, for example, are prone to delayed wound
healing, making surgical sutures essential for closing incisions and surgical
wounds to minimize complications. Chronic conditions such as atherosclerosis
can lead to the narrowing or blockage of blood vessels. Vascular surgeries like
angioplasty or bypass procedures are performed to restore blood flow. Surgical
sutures are used to secure grafts and repair blood vessels. Patients with
rheumatoid arthritis may require joint surgeries to alleviate pain and restore
function. These surgeries often involve sutures for wound closure and tissue
repair. Some chronic autoimmune disorders, such as lupus, can lead to organ
damage that may require surgical interventions. Sutures are used in various
surgical procedures related to these conditions. Chronic gastrointestinal
conditions, including gastroesophageal reflux disease (GERD) and
diverticulitis, may require surgical treatments. Surgical sutures are essential
for closing incisions in these procedures. This factor will accelerate the
demand of Vietnam Surgical Suture Market.
Key Market Challenges
Rising Competition
Intense competition often leads to price pressure
as manufacturers attempt to offer more competitive pricing to attract
customers. This can result in lower profit margins for suture manufacturers. To
stay competitive, manufacturers must continually invest in research and
development to innovate and differentiate their products. This can be costly
and requires a commitment to ongoing product improvement. Differentiating
suture products from competitors can be challenging, as many sutures serve
similar purposes. Manufacturers must find ways to offer unique features or
benefits to stand out in the market. Manufacturers need to invest in effective
marketing and sales strategies to reach and maintain relationships with
healthcare providers and facilities. Competition often requires increased
marketing efforts. Hospitals and healthcare facilities may have the leverage to
negotiate pricing and terms with suture manufacturers due to competition.
Manufacturers must be prepared for negotiations that can affect their bottom
line. In some regions or product segments, the market may become saturated with
competitors, making it difficult for new entrants or smaller manufacturers to
gain a foothold. Larger companies may engage in mergers and acquisitions to
consolidate their market position or expand their product portfolios. This can
create a more challenging competitive landscape for smaller manufacturers.
Price Pressure and Cost Containment
Healthcare facilities, including hospitals and
clinics, often seek competitive pricing for surgical supplies, including
sutures. Manufacturers face pressure to offer their products at competitive
prices while maintaining their profit margins. Group Purchasing Organizations
negotiate contracts with manufacturers on behalf of healthcare facilities to
secure lower prices for medical supplies, including surgical sutures. These
negotiations can put downward pressure on prices. Changes in healthcare
reimbursement models can affect the financial viability of healthcare
providers. Hospitals and clinics may look for ways to control costs, including
the cost of surgical supplies like sutures. Patients are becoming more
cost-conscious, especially in regions with high out-of-pocket healthcare
expenses. They may inquire about the cost of medical procedures and supplies,
including sutures, leading to discussions about cost containment. Some
healthcare systems are exploring sustainable practices, which may include
cost-effective sourcing of eco-friendly sutures. Balancing cost savings with
sustainability goals can be a challenge for providers. The availability of
generic surgical sutures can exert downward pricing pressure on brand-name
sutures. Healthcare providers may opt for cost-effective generic options.
Key Market Trends
Rising Demand for Minimally Invasive Surgery
Minimally invasive procedures often require sutures
that are designed for these techniques. These sutures are typically smaller in
size, have greater flexibility, and may incorporate unique features to
facilitate suturing in confined spaces. As the demand for MIS grows,
manufacturers have developed sutures specifically tailored for these
procedures. Minimally invasive surgery is associated with reduced tissue trauma
compared to traditional open surgery. Smaller incisions lead to less tissue
damage, less pain, and faster recovery. Surgical sutures play a crucial role in
closing these smaller incisions, ensuring proper wound healing and minimizing
the risk of complications. Patients undergoing minimally invasive procedures
often experience shorter hospital stays and faster recovery times compared to
open surgery. This trend contributes to the overall increase in the number of
minimally invasive surgeries and the demand for sutures for these procedures. Advancements
in laparoscopic and robotic-assisted surgery have expanded the range of
procedures that can be performed minimally invasively. These technologies
require specialized suturing techniques and materials, further boosting demand
in the surgical suture market. Minimally invasive techniques are widely used in
cosmetic and aesthetic surgery, such as facelifts and liposuction. Sutures are
essential for achieving precise and aesthetically pleasing results in these
procedures.
Segmental Insights
Type Insights
In 2022, the Vietnam Surgical
Suture Market largest share was held by Automated Suturing Devices segment in
the forecast period and is predicted to continue expanding over the coming
years. Automated
suturing devices offer precise and consistent suturing, reducing the risk of
human error during the suturing process. This can lead to better wound closure
outcomes and lower rates of complications, making them a preferred choice for
many surgeons. The rise in minimally invasive surgical techniques, such as
laparoscopic and robotic-assisted surgeries, has increased the demand for
automated suturing devices. These devices are well-suited for minimally
invasive procedures where precision and manoeuvrability are critical. Surgeons
and surgical staff can experience hand fatigue during lengthy surgeries when
using manual suturing techniques. Automated suturing devices can reduce this
fatigue, allowing for more comfortable and sustained performance. Automated
suturing devices are versatile and can be used in a wide range of surgical
specialties, including general surgery, gynaecology, urology, and
cardiovascular surgery. Their adaptability makes them attractive to healthcare
facilities offering various types of surgeries.
End-user Insights
In 2022, the Vietnam Surgical
Suture Market dominated by hospital & clinics segment and is predicted to
continue expanding over the coming years. Hospitals
and clinics are the primary settings for surgical procedures. They handle a
vast number of surgeries daily, ranging from routine procedures like
appendectomies and hernia repairs to complex surgeries such as cardiac
surgeries and organ transplants. Each of these surgeries typically requires the
use of surgical sutures for wound closure. Hospitals and clinics encompass a
wide range of medical specialties, including general surgery, orthopaedics,
gynaecology, neurosurgery, cardiovascular surgery, and more. Each specialty may
require specific types of sutures tailored to the needs of the procedure. This
diversity in medical specialties drives the demand for various types of
surgical sutures. Advancements in surgical techniques and technology often
occur first in hospital settings. These innovations can lead to the development
of specialized sutures or the adoption of new suture materials, further driving
demand within the hospital and clinic segment.
Regional Insights
The Central Vietnam region dominates the Vietnam Surgical
Suture Market in 2022. Because
of the existence of local and important companies, the high cost of sutures
relative to other locations, the favorable reimbursement environment, the
growth of government programs, and the developed healthcare infrastructure. The
significant revenue share of Central Vietnam is also largely due to
technological improvements and strong domestic wealth.
Northern Vietnam is expected to witness the fastest
growth during the forecast period. This is because there are more elderly
people, who are more prone to need surgery, and because the government is
spending more money on the healthcare system to address the unmet needs in this
area. Another significant driver propelling the market in this area towards
exponential growth is the rise of medical tourism in cities like Hanoi, Hai
Phong, and Ninh Binh.
Recent Developments
- In
January 2022, by breaking ground on a
new factory, B. Braun increases its presence in Vietnam. With an initial investment of USD 5 million
and a construction footprint of roughly 4000m2, the Haemodialysis Concentrate
Factory will allow B. Braun Vietnam to supply the domestic and international
markets with more than 2.5 million 10-litre canisters of hemodialysate each
year. Additionally, the plant will assist develop new skills and jobs for
around 160 workers. Additionally, it will make it possible for B. Braun Vietnam
to continue serving the market and contribute to the daily protection and
enhancement of the health of thousands of patients in Vietnam and all over the
world.
- In September 2018, Ho Chi
Minh City welcomed the opening of the 13th International Exhibition on Products
and Supplies for Medical, Pharmaceutical, Hospital and Rehabilitation (Pharmed
and Healthcare Vietnam 2018), presenting cutting-edge and high-tech medical
equipment. Pharmed and Healthcare Vietnam features 600 booths with a variety of
pharmaceutical products, machinery for making and packaging drugs, equipment
for healthcare and rehabilitation, surgical instruments, and products for
beauty care, among other things, on a 10,000 sq. m. total display area.
Key Market Players
- CPT
Sutures Co., Ltd.
- USM Healthcare
- Medical Devices and Biomaterial Plant Joint Stock Company (MEDEP)
- Medtronic Vietnam
- Johnson & Johnson Vietnam
- Stryker Vietnam
- B.Braun Vietnam Co., Ltd.
- Smith & Nephew Vietnam
- Pinnacle
Health Co., Ltd.
|
By Type
|
By End User
|
By Region
|
|
Automated Suturing Devices
Suture Thread
|
Hospitals & Clinics
Ambulatory Care Centers
Others
|
Northern Vietnam
Southern Vietnam
Central Vietnam
|
Report Scope:
In this report, the Vietnam Surgical Suture Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Surgical
Suture Market, By
Type:
o Automated Suturing Devices
§ Reusable
§ Disposable
o Suture Thread
§ Monofilament
§ Multifilament
- Surgical
Suture Market, By
End User:
o Hospitals & Clinics
o Ambulatory Care Centers
o Others
- Vietnam Surgical Suture Market,
By region:
o Northern Vietnam
o
Southern
Vietnam
o
Central
Vietnam
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Vietnam Surgical Suture Market.
Available Customizations:
Vietnam Surgical Suture Market report with the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling
of additional market players (up to five).
Vietnam Surgical Suture Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]