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.
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.
The rising
prevalence of chronic diseases is a key driving factor of the surgical sutures
market. As per the World Health organization, chronic diseases are the leading
cause of mortality around the world, accounting for 60% of all deaths. Chronic
diseases including cardiovascular diseases, cancer, viral diseases, such as
hepatitis and HIV, and chronic obstructive pulmonary disease have persistent
and long-lasting effect on a person’s health. Moreover, the treatment of these
diseases often requires complex surgeries, which, in turn, involve the
utilization of sutures. This is leading to the rising demand for surgical sutures.
Another
factor positively impacting the surgical sutures market is the surging aging
population. According to the United Nations Department of Economic and Social
Affairs report, the number of people aged 60 years or above is predicted to
grow by 56%, globally. The elder population goes through various kinds of
surgeries such as abdominal & thoracic surgery, heart surgery, hip &
knee replacement, non-cardiac surgery, and cataract surgery, which require
different kinds of surgical sutures.
Hence, the
growing prevalence of chronic diseases, surging geriatric population, and
increasing number of hospitals are driving the growth of the market.
