Surgical Sutures Market Set to Witness Progress due to Chronic Disease Menace

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.

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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For instance, in 2015, the U.S. had 5,564 registered hospitals, as per the American Health Association. Similarly, the Indian government estimated the number of government hospitals in the country, for 2013, at 35,416. Further, according to the Australian Institute of Health and Welfare, the nation had 1,322 hospitals in 2014. Thus, with a rise in the number of such healthcare centers, where the surgery volume is always high, this end user will continue dominating the market in the coming years.

Owing to the booming population, increasing health issues, and rising healthcare expenditure by governments, especially in emerging economies, such as India, China, and Brazil, the key players in the surgical sutures market are witnessing significant growth opportunities. Furthermore, a constant increase in the per capita income and standard of living in these countries has raised the purchasing power of people, thereby making surgeries more affordable. Subsequently, lucrative opportunities have been created for the players, to augment their revenue and expand their geographical footprint.

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