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What is Driving the Surge in Global Surgical Sutures Market Revenue?

10-19-2021 07:55 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

What is Driving the Surge in Global Surgical Sutures Market

An indispensable part of the medical sciences sector since times immemorial, surgical sutures continue to grow in demand. The increasing volume of surgeries, rapid growth in the number of hospitals, rising prevalence of chronic diseases, surging aging population, and burgeoning healthcare expenditure are some of the key factors driving the growth of the surgical sutures market. Sutures can be defined as the medical devices that are used either during a surgery or after it, to hold the tissues together, close the wounds, and stop the bleeding.

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On the basis of product, the global surgical sutures market is bifurcated into automated suturing devices and sutures. Owing to their shorter operating time and comparatively easier handling, automated suturing devices are projected to experience faster growth during the forecast period. However, the market will be led by sutures, which include several kinds of synthetic and natural absorbable sutures and numerous non-absorbable products made of stainless steel, prolene, and nylon.

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On the basis of the end user, the surgical sutures market is categorized into hospitals and others, which consist of clinics, ambulatory surgery centers, and nursing homes. Due to the presence of a large number of patients and the easy availability of skilled professionals, hospitals have historically dominated the market, and this trend is only going to pick up in future. An important reason behind this, which is also a market driver, is the increase in the number of hospitals.

Among all chronic diseases, cardiovascular diseases are the leading cause of death, globally, as per the reports of the World Health Organization (WHO). According to the organization, cardiovascular diseases killed 17.7 million people in 2015, accounting for 31% of the global mortality. Of these deaths, around 7.4 million were a result of coronary heart disease and 6.7 million due to stroke. The WHO also reported that globally, 8.8 million people died, in 2015, from cancer, which came out to be 1 in 6 deaths.

Based on the above factors, it can be concluded that the market will witness remarkable growth 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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