Suture Needle Market Size, Trends, Industry Share Report 2023
Market Research Future (MRFR)’s study reveals that the Suture
Needle Market is projected to reach USD 294.6 Million by 2030 at 4.4%
CAGR during the forecast period 2022-2030. The developments in the healthcare
sector have motivated the medical device manufacturers to develop their product
portfolios. Suture needles market has witnessed the widening of the range of
product offerings such as a blunt needle, round-bodied needle, etc. for keeping
up with the medical advancements. This, in turn, has propelled the growth of
the market and is likely to continue impacting the suture needles market
expansion positively.
The shift towards minimally invasive technology has paved the
way for the adoption of the round-bodied needle as it pierces and spreads the
tissues with minimal cutting. It is forecasted to augment the suture needles
market in the foreseeable future. Additionally, an upsurge in the number of
surgeries is predicted, which is projected to expedite the expansion of the
suture needles market over the assessment period.
The market looks attractive at present and is likely to
flourish over the next couple of years. Some of the factors responsible for
catapulting the market on an upward trajectory include rising healthcare
expenditure, increasing innovations in the healthcare sector, the large-scale
prevalence of chronic diseases, and increasing count of health care service
centers, among others. However, the shift towards surgical staplers for suturing,
especially in the super specialty healthcare centers, is a major factor
expected to hold the growth of the suture needles market during the assessment
period.
Major Key
Players:
Some of the key players profiled in this report are
3M (U.S.), TNI medical AG (Germany), Roboz Surgical Instrument Co. (U.S.),
Ethicon US, LLC. (U.S), Hu-Friedy Mfg. Co., LLC (U.S.), Karl Hammacher
(Germany), Dealmed Medical Supplies LLC (U.S.), Stryker Corporation (U.S.),
H&H Medical Corporation (U.S.), Allen Medical Systems (U.S.), BD (U.S.),
and Leica Microsystems Inc. (U.S.).
Segment Analysis
By type of needle,
the suture
needles market report has been segmented into round bodied needle, spatula
needle, reverse cutting needle, blunt point needle, conventional cutting
needle, tapercut needle, and others.
By needle end type,
the Americas suture needles market is segmented into eyed and eyeless.
By end-user, the
suture needles market has been segmented into hospital, clinics, ambulatory
surgical centers and others.
Regional Analysis
By region, the Americas suture
needles market has been segmented into North America and South America. North
America accounts for a major share of the Americas market and is likely to
retain its pole position through the forecast period. The region is estimated
to strike a CAGR of 6.5% over the assessment period. The U.S. and Canada are
projected to propel the suture needles market proliferation over the next
couple of years. Rising demand for outpatient surgeries as well as the
increasing count of bariatric and ophthalmic surgeries are prognosticated to
influence the growth of the U.S. market in the coming years.
The factors favoring the
proliferation of the North America suture needles market include maintenance of
an adequate supply of surgical equipment, increasing demand for blunt point
needles and taper cut needles technological advancements, the large-scale
prevalence of lifestyle diseases like obesity and diabetes, etc. Meanwhile,
South America also is expected to thrive significantly over the assessment
period. The growth is attributable to the increase in the number of
laparoscopic surgeries.
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