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Business Impacts of COVID-19 on Saudi Arabia Surgical Sutures Market | Strategies of Major Industry Competitors

07-08-2020 07:16 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Business Impacts of COVID-19 on Saudi Arabia Surgical Sutures

Due to the soaring number of surgeries and burn cases in Saudi Arabia, the demand for surgical sutures is expected to rise considerably in the coming years. Since the last few years, the prevalence of chronic diseases and other health problems has increased dramatically, and this is resulting in a huge rise in the number of surgeries being performed in the country. The other major factors pushing the demand for surgical sutures in Saudi Arabia are the surging geriatric population and rising healthcare expenditure.

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The increasing geriatric population is boosting the occurrence rate of chronic diseases and ailments, which is, in turn fuelling the growth in the demand for surgical supplies. As per the data of the Saudi government, by 2040, of the total 40 million people in the kingdom, 25% would be 60 years old or older, and by 2050, the number of the elderly will rise to around 10 million. Moreover, the burgeoning number of hospitals and medical facilities in the country, on account of the soaring healthcare expenditure, is also contributing to the increasing adoption of surgical sutures.

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Sutures are widely used in general, ophthalmic, orthopedic, gynecological, and cardiovascular surgeries. Amongst these, general surgeries recorded their highest usage of in the country in the past, and this trend is predicted to continue during the forecast period. The number of general surgeries being performed in Saudi Arabia is rapidly increasing, which is pushing the demand for sutures. Furthermore, general surgeries require a higher usage of these products, as these procedures are usually more invasive than the other types of surgeries.

Therefore, due to the rising number of surgeries and burn cases and burgeoning number of hospitals and other medical facilities in Saudi Arabia, on account of the surging healthcare expenditure, the demand for surgical sutures is expected to increase significantly in the coming years.

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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