Market Trends of Surgical Sutures Industry
This section covers the major market trends shaping the Surgical Sutures Market according to our research experts:
The Orthopedic Surgery Segment is Expected to Witness Growth Over the Forecast Period
Ankle and foot fractures are among the most diagnosed forms of trauma, which are managed by orthopedic teams globally. Suture materials used in orthopedic surgery are used for closing wounds and repairing fascia, muscles, tendons, ligaments, joint capsules, and cerclage or tension band of certain fractures.
The sports activities and interest in various exercises and physical activities among children and adults have increased currently, contributing to most orthopedic injury incidences. The National Safety Council (NSC) facts and figures for injury in the United States 2020 report shows that bicycling accounted for about 426,000 injuries, and exercise, with or without equipment, accounted for about 378,000 injuries. The injuries due to ATV, moped, and minibike were 230,000, and those due to skateboard, scooter, and hoverboard were 218,00.
These increasing number of injuries primarily contribute to the soft tissue damage, mainly tendons, which generates demand for more orthopedic closure surgeries. Therefore, the orthopedic surgery segment is expected to register a strong growth rate during the forecast period.
North America is Expected to Dominate the Market During the Forecast Period
North America is one of the major contributors to the studied market, owing to the rise in musculoskeletal disorders and growing cases of sports-related injuries, increasing bariatric surgeries, and increasing chronic diseases in the region.
Furthermore, in the United States, the number of people above 65 years of age is projected to reach 84,813 thousand by 2030, from 53,340 thousand in 2019, and the 65-and-older age group's share in the total population may rise from 16.2% in 2019 to 22.4%, by 2050, as per the World Population Aging Report 2019. This growing geriatric population is another factor attributing to the growth of the surgical sutures market as they contribute to a greater number of chronic diseases, which leads to surgeries, and thereby increases the demand for surgical sutures. This is expected to drive the growth of the market in the region.
In the United States, high hospital admission rates, technological advancements in healthcare facilities, more healthcare expenditure from the government, better distribution channels by companies, and reimbursement policies drive the surgical sutures market. Therefore, owing to these factors, the United States is believed to have a significant share in the market studied over the forecast period among all the other countries in the region.
