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Over $4.0 Billion Revenue Predicted in Global Surgical Sutures Market by 2023

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.

Access Detailed Report - Surgical Sutures Market Regional and Country Breakdown @ https://www.psmarketresearch.com/market-analysis/surgical-sutures-m...

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.

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.

After North America, the industry is currently recording the second-highest growth in Europe. In the near future, the market is predicted to demonstrate the fastest growth in the Asia-Pacific (APAC) region. The main factors driving the advancement of the market there are the existence of a large geriatric population, the growing incidence of diabetes among the inhabitants, and the increasing prevalence of burn cases, especially in the developing countries in the region.

Hence, it can be safely concluded that the market will demonstrate huge expansion all over the world in the coming years, mainly because of the rising incidence of diabetes, burn cases, and various health conditions and the surging geriatric population in many countries around the world.

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