Product Code: ETC6192415 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The synthetic absorbable suture market in Australia is part of the broader medical devices sector, driven by increasing surgical procedures and preference for advanced wound closure materials. These sutures offer benefits such as reduced infection risk and elimination of removal procedures. Innovation in biomaterials and expanding healthcare infrastructure support market growth.
The Synthetic Absorbable Suture Market in Australia is growing due to rising surgical procedures and demand for advanced wound closure technologies. These sutures offer benefits such as reduced infection risk and elimination of suture removal, increasing their preference in surgeries. Innovations in suture materials and coatings that improve biocompatibility and healing rates are driving adoption. The expanding healthcare infrastructure and rising awareness about postoperative care further support market growth.
In the synthetic absorbable suture market, Australia faces challenges related to regulatory approvals, raw material costs, and market saturation. Maintaining consistent quality standards and navigating medical device regulations increase time-to-market. Moreover, competition from multinational players offering established brands places pricing pressure on local and newer entrants.
With an expanding surgical procedures market, the demand for biodegradable and safe synthetic absorbable sutures is rising. Investors can tap into opportunities in bioresorbable polymer innovation, domestic manufacturing, and surgical product bundling for hospitals and clinics.
Synthetic absorbable sutures are regulated by the TGA to ensure compliance with international safety and performance standards. The governments focus on modernizing surgical procedures and reducing hospital-acquired infections supports the use of advanced suturing materials. Medicare and private health insurance policies reimburse surgical procedures using such sutures, indirectly boosting their adoption. Additionally, government backing of biomedical R&D facilitates local innovation and manufacturing of surgical products.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Synthetic Absorbable Suture Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Synthetic Absorbable Suture Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Synthetic Absorbable Suture Market - Industry Life Cycle |
3.4 Australia Synthetic Absorbable Suture Market - Porter's Five Forces |
3.5 Australia Synthetic Absorbable Suture Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Australia Synthetic Absorbable Suture Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Synthetic Absorbable Suture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Synthetic Absorbable Suture Market Trends |
6 Australia Synthetic Absorbable Suture Market, By Types |
6.1 Australia Synthetic Absorbable Suture Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Synthetic Sutures, 2021- 2031F |
6.1.4 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Poliglecaprone Suture (Monocryl), 2021- 2031F |
6.1.5 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Vicryl, 2021- 2031F |
6.1.6 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Polydioxanone Suture (PDS), 2021- 2031F |
6.1.7 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Natural Sutures, 2021- 2031F |
6.1.8 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Collagen, 2021- 2031F |
6.1.9 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Polyglycolic Acid Suture, 2021- 2031F |
6.1.10 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Polyglycolic Acid Suture, 2021- 2031F |
6.2 Australia Synthetic Absorbable Suture Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.3 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Clinics, 2021- 2031F |
6.2.4 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Ambulatory Surgery Centers, 2021- 2031F |
6.2.5 Australia Synthetic Absorbable Suture Market Revenues & Volume, By Others, 2021- 2031F |
7 Australia Synthetic Absorbable Suture Market Import-Export Trade Statistics |
7.1 Australia Synthetic Absorbable Suture Market Export to Major Countries |
7.2 Australia Synthetic Absorbable Suture Market Imports from Major Countries |
8 Australia Synthetic Absorbable Suture Market Key Performance Indicators |
9 Australia Synthetic Absorbable Suture Market - Opportunity Assessment |
9.1 Australia Synthetic Absorbable Suture Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Australia Synthetic Absorbable Suture Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Synthetic Absorbable Suture Market - Competitive Landscape |
10.1 Australia Synthetic Absorbable Suture Market Revenue Share, By Companies, 2024 |
10.2 Australia Synthetic Absorbable Suture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |