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Global Surgical Sutures Market Growth Supplemented by Increasing Preference for Minimally Invasive Surgeries

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Global Surgical Sutures Market Growth Supplemented by Increasing Preference for Minimally Invasive Surgeries

August 04
22:00 2022
Global Surgical Sutures Market Growth Supplemented by Increasing Preference for Minimally Invasive Surgeries
The Global Surgical Sutures Market Growth
Inkwood Research estimates that the Global Surgical Sutures Market is evaluated to project a CAGR of 5.46% in terms of revenue during the forecasting years of 2022-2030.

“Browse 78 Market Data Tables and 59 Figures spread over 247 Pages, along with an in-depth TOC on the Global Surgical Sutures Market Forecast 2022-2030.”

 

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Sutures are characterized as sterile surgical threads utilized for patching injuries (lacerations), in addition to sealing surgical incisions. The use of a suture mainly involves using a needle with a connecting thread. Moreover, surgical sutures of various forms, sizes, as well as thread materials are now accessible to doctors and medical practitioners.

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Surging Preference for Minimally Invasive Surgeries to Fuel Market Growth

Minimally invasive surgery entails a group of techniques and methods for reducing soft-tissue damages during surgical procedures. While the total operating workload for surgical residents has proliferated across the globe, the representation of open cases has continually diminished with the introduction of minimally invasive surgery (MIS). These procedures are relatively milder and less stressful on the body, as compared to traditional operations.

Moreover, in several cases, it also provides a higher accuracy rate than conventional open surgery. The numerous advantages of minimally invasive surgeries, such as smaller and fewer scars, lower costs, shorter hospital stays and recovery times, less pain, and overall better outcomes have significantly raised their demand over the years.

Automated Suturing Device is the Fastest-Growing Product

An automated suturing device is utilized for aiding the process of suturing during minimally invasive and open surgeries. It is widely used across surgical procedures, in addition to trauma situations necessitating surgery. Automated suturing devices are available in two types, namely reusable suturing devices and disposable suturing devices. Medtronic Plc is one of the companies providing automated suturing devices.

Asia-Pacific to Lead the Global Market’s Growth by 2030

The Asia-Pacific is anticipated to record the highest CAGR during the estimated years. The market growth of the region is mainly ascribed to the increasing geriatric population and the rise in cosmetic surgeries. Also, medical tourism is proliferating in the Asia-Pacific since the region provides high-quality and affordable treatments. However, the high cost of surgical suture devices may inhibit the regional market’s growth.

Companies with undifferentiated products as well as substantial product portfolios generate robust competition within the global surgical sutures market. Furthermore, numerous players are also increasing their product investments, in addition to presenting the market with new suturing devices. As a result, the industrial rivalry is set to be intense in the global surgical sutures market over the forecast years.

Some of the leading players operating in the global market are Boston Scientific Corporation, Ethicon Inc (Johnson & Johnson), Medtronic PLC, etc.

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