SURGICAL SUTURE MARKET REPORT, ANALYSIS, SHARE, TRENDS, ASSESSMENT AND FORECAST UNTIL 2023.

Blog ENSURGICAL SUTURE MARKET REPORT, ANALYSIS, SHARE, TRENDS, ASSESSMENT AND FORECAST UNTIL 2023.

SURGICAL SUTURE MARKET REPORT, ANALYSIS, SHARE, TRENDS, ASSESSMENT AND FORECAST UNTIL 2023.

SURGICAL SUTURE MARKET REPORT, ANALYSIS, SHARE, TRENDS, ASSESSMENT AND FORECAST UNTIL 2023.

The global surgical sutures (both of absorbable and non-absorbable) market is expected to grow from 3.82 billion dollars in 2016 to 5.84 billion dollars by 2023, with a CAGR (Compound Annual Growth Rate) of 6.3% according to a market research consulting company forecast.

Increasing diversity in surgical procedures, spreading of chronic diseases, aging of population and advances in product development are factors that positively affect suture market growth. Moreover, government reimbursement policies encouraging, increasing healthcare awareness are favoring the market growth. The growth of this sector is also related to increasing usage in internal organ surgeries. In contrast, factors limiting market growth are increased competition between companies and strict regulations. Suture sector, which encompasses both absorbable and non-absorbable sutures, is one of the leading sectors in the global market with the largest market share.

During the forecast period, this sector is predicted to grow with a high CAGR. Some of the products covered by the surgical suture sector as follows: synthetic sutures, antibacterial sutures, monofilament sutures and multifilament sutures, sterilized atraumatic surgical sutures, suture with or without needle, Polyglycolic acid sutures, Polyglycolic co-lactic acid sutures, Polyglycolide co-caprolactone sutures, Polydioxanone sutures, Polypropylene sutures, Polyamide sutures, Silk sutures.

North America leads the global medical devices market with a higher market share. During the forecast period the Asia-Pacific region is projected to grow at a faster rate. The factors influencing the growth of the market in the Asia-Pacific region are the increase in government spending, the increase in the volume of operations and the growth of medical tourism.

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