Surgical Sutures Market by Product, Application, Geography and Future Scope

Every year, 180,000 people die of burns, says the World Health Organization (WHO). Most of these deaths occur in low- and middle- income countries, where either the fire safety regulations aren’t strict enough or victims don’t always receive timely medical help. Burns leave nasty wounds, which need to be sown up to minimize blood loss, which is why sutures are so important. A suture is a simple needle-and-thread instrument, which is widely used during surgeries and accidental wound closure. Thus, with the increase in the number of burn cases and surgeries, the surgical sutures market is growing around the world.

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As per the latest statistics published by the American Society of Plastic Surgeons, 17.7 million cosmetic surgeries were performed in 2018, which was an increase of 2% from the previous year. Around 5.8 million of the 17.7 cosmetic procedures were reconstructive surgeries, which included tumor removal, hand surgery, scar removal, laceration repair, and maxillofacial surgeries. During all such procedures, sutures find wide application, which is why the demand for these instruments is steadily rising around the globe.

Another major reason behind the increasing surgery volume is the rise in the geriatric population. As per the 2019 World Population Ageing report published by the United Nations, people above the age of 65 would number 1.5 billion in 2050, compared to 703 million in 2019. Such people are not only physically weak, but also have diminished immune functions. After a while, their bones become too brittle and volume of subcutaneous tissue decreases. As a result of all these changes, the elderly keep hurting themselves and also fall sick more often, which results in frequent hospitalization and, often, surgeries.

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On a geographical basis, the surgical sutures market of North America is the largest, as the geriatric population, prevalence of road accidents, and incidence of chronic diseases is quite high here. According to the National Cancer Institute of the U.S., every year, more than 1,735,350 cases of cancer are diagnosed in the nation. In the coming years, the usage of sutures is expected to see the fastest surge in Asia-Pacific (APAC), where the incidence of burns is already quite high. Additionally, people’s spending power is also increasing here, with economic growth, which is allowing them to spend more on elective surgeries.

Hence, it is clear that as more people go under the knife for life-saving or elective purposes, the demand for sutures would also rise.

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Created on Nov 4th 2020 02:12. Viewed 188 times.

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