How is Increasing Disposable Income Driving Surgical Sutures Market?

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Every year, 180,000 people die of burns, says the World Health Organization (WHO). Most of these deaths occur in low- and middle- income countries, where either the fire safety regulations aren’t strict enough or victims don’t always receive timely medical help. Burns leave nasty wounds, which need to be sown up to minimize blood loss, which is why sutures are so important. 

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The body parts and organs worked upon during such procedures include the stomach, esophagus, large intestine, small intestine, pancreas, liver, appendix and bile ducts, gallbladder, skin, and thyroid gland. Cancer affects a lot of these organs, which makes general surgery a highly-sough-after medical service. The affected areas often need to be removed, wherein the surgery is known as ‘ectomy’, for instance appendectomy (removal of the appendix). Even in the future, the usage of sutures would grow the fastest in general surgeries, majorly because of the increasing preference for cosmetic procedures.

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As per the latest statistics published by the American Society of Plastic Surgeons, 17.7 million cosmetic surgeries were performed in 2018, which was an increase of 2% from the previous year. Around 5.8 million of the 17.7 cosmetic procedures were reconstructive surgeries, which included tumor removal, hand surgery, scar removal, laceration repair, and maxillofacial surgeries. During all such procedures, sutures find wide application, which is why the demand for these instruments is steadily rising around the globe.

On a geographical basis, the surgical sutures market of North America is the largest, as the geriatric population, prevalence of road accidents, and incidence of chronic diseases is quite high here. According to the National Cancer Institute of the U.S., every year, more than 1,735,350 cases of cancer are diagnosed in the nation. In the coming years, the usage of sutures is expected to see the fastest surge in Asia-Pacific (APAC), where the incidence of burns is already quite high. Additionally, people’s spending power is also increasing here, with economic growth, which is allowing them to spend more on elective surgeries.

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