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