GEOGRAPHIC SHARE OF SURGICAL SUTURE MARKET
Market share of global surgical suture market, geographically constitutes North America, Europe, Asia Pacific, South America and the rest of the World. North America has the biggest market share in global suture market and Europe is the second biggest market with the highest share of Germany; followed by the Asia Pacific, which is led by Japan.
Developing new technologies, increase in aging population, and high disposable income has a positive effect on the growth of this market.
Asia has 10% of the surgical suture market share. It is expected that factors like increase in the medical tourism industry, high amount of chronical diseases and positive back payment scenarios, will affect this market’s growth reasonably.
Geographically, it is also expected that the surgical suture market will also grow in North America due to the increase in income. This area had made up 35% of the market in 2016. Increased demand for advanced treatment, increased surgery numbers, and high cardiovascular disease cases, will affect surgical suture market positively in this area.
Also, as mentioned above, while Asia Pacific is increasing at a stable CAGR ( compound annual growth rate), this might show positive growth in global surgical sutures market. Determinants, such as the increase in diseases related to lifestyle, low treatment costs, growing medical tourism and increasing awareness amongst final consumers are expected to make profitable benefits to the Asia Pacific surgical suture market.