The surgical sutures materials & packaging market is estimated to be over US$ 887 Mn in 2018. It is anticipated to grow at a 4.7% CAGR from 2019 to 2030.
The continual growth of the surgical sutures materials & packaging market can be attributed to several factors such as suturing technique being a widely adopted and economical technique for closure of wounds related to surgeries. Moreover, rise in different kinds of surgical procedures and newer innovations in suture packaging such as they help in reducing the memory effect are anticipated to further contribute to the substantial growth of the global surgical sutures materials & packaging market between 2019 and 2030. To obtain better insights regarding the market scenario prominent players are increasingly focusing on mergers, acquisition and expansion for increasing their sales in particular regions. For instance in 2018, Oliver Healthcare Packaging, opened a new manufacturing plant of 68,000 square-foot in Suzhou, P.R. China.
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