Surging Geriatric Population Driving Surgical Sutures Market
In 2016, the global surgical sutures market generated a revenue of $3.5 billion and is predicted to attain $4.7 billion in 2023, advancing at a 4.2% CAGR during the forecast period (2017–2023).
By: P&S Intelligence
When product is taken in consideration, the surgical sutures market (https://www.psmarketresearch.com/
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Another factor positively impacting the surgical sutures market is the surging aging population. According to the United Nations Department of Economic and Social Affairs report, the number of people aged 60 years or above is predicted to grow by 56%, globally. The elder population goes through various kinds of surgeries such as abdominal & thoracic surgery, heart surgery, hip & knee replacement, non-cardiac surgery, and cataract surgery, which require different kinds of surgical sutures.
Hence, the growing prevalence of chronic diseases, surging geriatric population, and increasing number of hospitals are driving the growth of the market.
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