FACTORS AFFECTING THE MARKET SHARE OF THE SURGICAL SUTURES
The surgical suture is a reinforcing item that keep the injured or damaged skin, organs and other tissues together. There are different types of sutures according to area of usage and they can be classified into two types; absorbable (resorbable) sutures (PGCL, PDO, PGA) and non-absorbable (non-resorbable) sutures (Polyamide, Polypropylene, Polyester, Silk). They comprise the 60% of the market share of all surgical sutures.
Suture market is an expanding market that grows around 4% percent each year and it is expected to reach 4.4 Billion USD by 2024.
The increase in the number of people who suffer from chronic diseases, upgraded technology of the devices in the market and demand for surgeries have a positive effect on suture market.
End users of the surgical suture market are classified into clinics, hospitals and ambulatory surgical centers. It is expected that increase in the number of the hospitals and the surgeries in developing countries will support the growth of the market in the future. Another classification of the global suture market is the type of the surgeries, namely; plastic, orthopedic, gynaecological, cardiovascular and other surgeries. Among these, cardiovascular surgeries have broad share in the market and high incidence of the cardiovascular diseases that result in growing number of cardiovascular surgeries may affect the market growth positively in the short term especially in developing countries.