Rising Occurrence of Burn Cases Causing Boom of Surgical Sutures Market
In 2016, the global surgical sutures market generated a revenue of $3.5 billion. According to the forecast of P&S Intelligence, a market research company based in India, the market would attain a value of $4.7 billion by 2023 and exhibit a CAGR of 4.2% between 2017 and 2023. Surgical sutures are integral parts of all healthcare operations and applications and with rapid technological advancements and innovations, surgical sutures of various sizes, materials, and shapes are being swiftly developed.
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The increasing incidence of different health problems and diseases is fueling the surge in the demand for surgeries. Moreover, the rising prevalence of burn cases is propelling the requirement for treatments that require surgical sutures. The improving standard of living of people is one of the biggest factors responsible for the growing usage of various electrical appliances, fireplaces, and chimneys, which is, in turn, boosting the occurrence rate of burn cases across the world.
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As sutures are extensively used during plastic surgeries and the surgery of various burned body parts, the rising incidence of burns and the growing requirement for surgeries are propelling their sales all over the world. Depending on application, the surgical sutures market is divided into general surgeries, cardiovascular surgeries, orthopaedic surgeries, gynaecological surgeries, and ophthalmic surgeries. Amongst these, the general surgeries category will register the fastest growth in the market in the future years.
This study covers
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings