Product Code: ETC8852905 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Synthetic absorbable sutures are gaining popularity in the Philippine surgical landscape due to their ability to reduce post-operative complications and the need for suture removal. Hospitals and clinics are increasingly adopting these products for general surgeries, obstetrics, and minimally invasive procedures, driving consistent market growth.
The synthetic absorbable suture market in the Philippines is expanding due to increased surgical procedures and improvements in healthcare infrastructure. These sutures are preferred for their reduced risk of infection and elimination of removal procedures. Local and international suppliers are targeting public and private hospitals, with innovations in polymer materials enhancing product offerings.
This market is challenged by the high cost of medical-grade polymers and strict regulatory scrutiny regarding product safety and biodegradability. Imported brands dominate the market, which limits opportunities for local manufacturers. Additionally, counterfeit products and inadequate training among medical staff affect usage efficiency and outcomes.
The synthetic absorbable suture market is critical for surgical procedures, with consistent demand across public and private hospitals. Investment areas include local manufacturing, hospital supply chains, and product innovation in antibacterial and fast-absorbing sutures. Government procurement contracts offer long-term stability for medical device investors.
Synthetic absorbable sutures are regulated by the FDA as Class B medical devices. The government ensures stringent quality checks and import certification processes. Policies from the DOH aim to equip public hospitals with advanced surgical tools, including sutures, and encourage local manufacturing under the healthcare innovation strategy.
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 Philippines Synthetic Absorbable Suture Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Synthetic Absorbable Suture Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Synthetic Absorbable Suture Market - Industry Life Cycle |
3.4 Philippines Synthetic Absorbable Suture Market - Porter's Five Forces |
3.5 Philippines Synthetic Absorbable Suture Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Synthetic Absorbable Suture Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Synthetic Absorbable Suture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Synthetic Absorbable Suture Market Trends |
6 Philippines Synthetic Absorbable Suture Market, By Types |
6.1 Philippines Synthetic Absorbable Suture Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Synthetic Sutures, 2021- 2031F |
6.1.4 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Poliglecaprone Suture (Monocryl), 2021- 2031F |
6.1.5 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Vicryl, 2021- 2031F |
6.1.6 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Polydioxanone Suture (PDS), 2021- 2031F |
6.1.7 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Natural Sutures, 2021- 2031F |
6.1.8 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Collagen, 2021- 2031F |
6.1.9 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Polyglycolic Acid Suture, 2021- 2031F |
6.1.10 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Polyglycolic Acid Suture, 2021- 2031F |
6.2 Philippines Synthetic Absorbable Suture Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.3 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Clinics, 2021- 2031F |
6.2.4 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Ambulatory Surgery Centers, 2021- 2031F |
6.2.5 Philippines Synthetic Absorbable Suture Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Synthetic Absorbable Suture Market Import-Export Trade Statistics |
7.1 Philippines Synthetic Absorbable Suture Market Export to Major Countries |
7.2 Philippines Synthetic Absorbable Suture Market Imports from Major Countries |
8 Philippines Synthetic Absorbable Suture Market Key Performance Indicators |
9 Philippines Synthetic Absorbable Suture Market - Opportunity Assessment |
9.1 Philippines Synthetic Absorbable Suture Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Synthetic Absorbable Suture Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Synthetic Absorbable Suture Market - Competitive Landscape |
10.1 Philippines Synthetic Absorbable Suture Market Revenue Share, By Companies, 2024 |
10.2 Philippines Synthetic Absorbable Suture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |