Posted 12/4/2023, 4:16:00 PM
Surgical Sutures Market to Reach $5.5 Billion by 2028, Driven by Aging Populations and Rise in Surgical Procedures
- Surgical sutures market valued at $4.0 billion in 2023, expected to reach $5.5 billion by 2028 at a CAGR of 6.4%
- Rising prevalence of chronic diseases and growing aging population driving demand for surgical procedures and sutures
- Technological innovations enhancing options for healthcare professionals, but regulatory requirements pose market entry challenges
- Hospitals major end users due to high volume of diverse surgical procedures conducted
- Multifilament sutures dominate by type due to flexibility, knot security, ease of handling and minimized tissue reaction