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Surgical Sutures Market Identifies the Key Drivers of Growth and Challenges of the Key Industry Players

03-03-2020 08:57 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Surgical Sutures Market Identifies the Key Drivers of Growth

The market is growing due to the rising prevalence of chronic diseases, increasing healthcare expenditure, surging geriatric population, rising number of surgeries and burn cases, and increasing number of hospitals. Medical devices which are utilized during a surgery or after an individual suffers injury for holding the body tissues together and closing the wounds are referred to as surgical sutures.

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When product is taken in consideration, the surgical sutures market is divided into automated suturing devices and sutures. Between the two, the sutures division dominated the market during the historical period (2013-2016) and is predicted to account for the major share of the market during the forecast period as well. The division is further bifurcated into non-absorbable and absorbable sutures. The automated suturing devices is expected to grow at the fastest pace during the forecast period, as these devices save time and need less work.

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One of the major driving factors of the surgical sutures market is the growing number of hospitals. Different types of surgical sutures are utilized in hospitals for performing various types of surgeries. It is primarily due to the increasing expenditure on healthcare by private and public sources that the number of hospitals is rising. According to the Government of India, in 2013, the number of government hospitals in India was 35,416. This rising number of hospitals implies that the number of patients is also growing, which will further increase the demand for sutures.

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Hence, the growing prevalence of chronic diseases, surging geriatric population, and increasing number of hospitals are driving the growth of the market.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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