Surging incidents of chronic diseases, surgeries and burn cases, and an increasing number of hospitals and healthcare professionals are some of the key factors driving the growth of the Saudi Arabian surgical sutures market. In 2017, the market generated a revenue of $16.7 million, and it is predicted to witness a 3.6% CAGR during the forecast period (2018–2023). Surgical suture is a medical device used after an injury or during a surgery to hold the body tissue together and stich the wound; it consists of a needle
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Based on application, the Saudi Arabian surgical sutures market is broadly categorized into gynecological, cardiovascular, orthopedic, general, and ophthalmic surgery. Out of these, in 2017, the general category held the largest revenue share of more than 25.0% in the market, and it is expected to continue dominating it during the forecast period. This is ascribed to the increasing number of general surgeries performed in Saudi Arabia, which is directly escalating the demand for sutures. General surgeries include appendectomy, free skin graft, breast biopsy, cholecystectomy, hysterectomy, mastectomy, and prostatectomy.
Furthermore, the incidence of unspecified hepatitis diseases and hepatitis C for the year 2012 was 0.37 and 8.01 per 100,000 people, respectively. Similarly, in the same year, in Saudi Arabia, the prevalence rate of leprosy was 0.01 per 100,000 people. As per the World Health Organization, 90,000 deaths were registered in Saudi Arabia in the year 2012, out of which 9,200 were caused by cancer. All these diseases require some sort of surgery, which is why the Saudi surgical sutures market is progressing swiftly.
Hence, the development of customized sutures and growing prevalence of chronic diseases are accelerating the growth of the market.
This post was originally published on Financial Sector