NORTH AMERICA SURGICAL SUTURES MARKET 2022-2028
MARKET OUTLOOK
According to Triton Market Research’s analysis, the North America surgical sutures market is likely to progress with a compound annual growth rate of 10.97% in the projected period from 2022 to 2028. The United States and Canada together constitute the market in this region.
Over the past few years, there has been a rise in the number of cosmetic surgical procedures being performed in the United States. As per the data from the American Society of Plastic Surgeons (ASPS), in 2018, close to 18 million people underwent surgical and less invasive cosmetic procedures in the country.
Additionally, the number of ambulatory surgery centers (ASCs) is steadily on the rise over here. In 2018, approximately 5,700 ASCs operating in the nation performed 23 million surgical procedures, and garnered $35 billion in revenue. A rising number of surgeries is boosting the demand and adoption of surgical sutures. This is expected to aid the growth of the surgical sutures market in the United States over the coming years.
According to industry sources, there are more than 1,200 hospitals in Canada. Also, estimates from the Canadian Medical Protective Association (CMPA) indicate that over 1 million surgical procedures are performed in Canada every year. Hernia repairs, skin tumor excision, gall bladder treatments, biliary tree treatments, breast surgery, and colon & intestine resections are among the most common procedures performed by Canadian surgeons. This is bolstering the demand for surgical sutures, consequently driving the growth of the market studied.
COMPETITIVE OUTLOOK
B Braun Melsungen AG, Internacional Farmaceutica SA De CV, Smith & Nephew Plc, Teleflex Incorporated, Ethicon Inc (Johnson & Johnson), Medtronic Plc, Advanced Medical Solutions Group Plc (AMS Group), and Corza Medical are some of the noteworthy companies in the surgical sutures market."
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