ID: MRFR/MED/0184-HCR | February 2021 | Region: Global | 85 pages
Market Scenario
Suture needle is used for the placement of the suture within the tissue by carrying the material with minimal residual trauma. An ideal suture needle should be rigid enough to avoid distortions, and flexible enough to bend before breaking. There are various types of suture needles used in a number of surgical procedures. They are made of steel, have blunt or sharp points, and can be curved or straight. Round-bodied needles pierce and spread the tissues with minimal cutting. They are used in easily penetrable tissues like the peritoneum and abdominal viscera. Blunt, and round body needles are used to dissect through friable tissues like liver and kidney.
Needles need to be strong enough to pass through tough tissues, causing minimal trauma to them and reducing tissue reactions. Thus, specific requirements for different type of needles set for a particular surgical procedure, has led to an increase in their demand in the hospitals. Most of the surgeons prefer specific types of needles based on their application, for instance needles required for suturing after laparoscopic and bariatric surgery are different from those required for an ophthalmic surgery. It is important for suture needle manufacturers to analyze the demand for various types of needles and then plan their quantity to be manufactured and supplied in order to avoid wastage of resources, time and money.
Notably, increasing incidence of chronic diseases is the key factor driving the Asia Pacific suture needles market. As per a study published in the BMC Public Health in 2017, prevalence of type-2 diabetes, obesity, and cardiovascular disease has increased rapidly in the recent years.
Various other push factors such as, increasing advancement in technology, and rising adoption rate of new technology continuously contribute to the growth of the Asia Pacific suture needles market.
Despite these drivers, lack of a proper sterilization system, low healthcare expenditure, and unfavorable taxation policies may hamper the growth of the market. Additionally, many healthcare professionals have started using surgical staplers for suturing, especially in super specialty hospitals and tertiary care centers which may pose as another restraint and may reduce the demand for suture needles.
The Asia Pacific market of suture needles is expected to grow at a CAGR of approximately 7.5% during the forecast period 2017-2023.
Intended Audience
Market Synopsis of Suture Needles market by Region, 2016 (%):
Sources: Press Release, presentation, company website, annual reports, government records, journals expert interview.
Segmentation
The suture needle is segmented on the basis of type, application, needle end type, and end-users.
On the basis of type, market is segmented into round bodied needle, blunt point needle, reverse cutting needle, conventional cutting needle, spatula needle, tapercut needle and others.
On the basis of needle end type, market is classified into eyed and eyeless needles.
On the basis of application, market is classified into general surgeries, gynecological surgeries, others.
On the basis of end-user, market is segmented into hospitals, clinics, ambulatory surgical centers and others.
Regional Analysis
The Asia Pacific suture needles market consists of countries namely China, Japan, Republic of Korea, India, Australia and the Rest of Asia Pacific. Growing demand for outpatient surgeries, easy suturing using various types of needles according to intended medical specialty use and time saving technology, further tends to increase the demand of suturing needle in Asia Pacific.
Japan is the largest market for suture needles. Increase in prevalence of chronic diseases that require surgical procedures and medical tourism in Asia Pacific region are favoring the growth of this market.
Countries like China and Japan are focusing on exporting surgical equipment’s and surgical suturing material to countries worldwide. China is the second largest market followed by India. India is seen to be the fastest growing market for medical equipment manufactures. In India, the market of suture needles in increasing due to availability of low cost of raw material, better access to labor, increasing number of hospitals and healthcare centers. India is one of the top destinations for medical tourism, especially for orthopedic surgeries.
There is steady growth of this market in Australia and the Republic of Korea.
Key Players
Some of key the players in the Asia Pacific suture needles market are 3M Health Care, Roboz Surgical Instrument, Hu-Friedy Mfg. Co., LLC, TNI medical AG, Unimed Medical Supplies Inc., Medline Industries, Inc., Ethicon US, LLC, Sutures India Private Limited, Dolphin Sutures, Karl Hammacher, and H&H Medical Corporation.
Research Methodology
Sources: Annual reports, Press release, White paper, and Company presentation
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
Chapter 6. Asia Pacific Suture Needle Market, by Type
6.1 Introduction
6.2 Skin-Prick Test
Market Estimates & Forecast, 2017 – 2023
6.3 Atopy Patch Test (APT)
Market Estimates & Forecast, 2017 – 2023
6.4 Blood Test
Market Estimates & Forecast, 2017 – 2023
6.5 Oral Food Challenge
Market Estimates & Forecast, 2017 – 2023
6.6 Others
Chapter 7. Asia Pacific Suture Needle Market, by Needle End Type
7.1 Introduction
7.2 Oral Immunotherapy (OIT)
Market Estimates & Forecast, 2017 – 2023
7.3 Medication
Market Estimates & Forecast, 2017 – 2023
7.4 Others
Market Estimates & Forecast, 2017 – 2023
Chapter 8. Asia Pacific Suture Needle Market, by Application
8.1 Introduction
8.2 General Surgeries
Market Estimates & Forecast, 2017 – 2023
8.3 Gynecological Surgeries
Market Estimates & Forecast, 2017 – 2023
8.4 Others
Market Estimates & Forecast, 2017 – 2023
Chapter 9 Asia Pacific Suture Needle Market, by End User
9.1 Introduction
9.2 Hospital
Market Estimates & Forecast, 2017 – 2023
9.3 Clinics
Market Estimates & Forecast, 2017 – 2023
9.4 Ambulatory Surgical Centers
Market Estimates & Forecast, 2017 – 2023
9.5 Others
Chapter 10. Asia Pacific Suture Needles Market by Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 Japan
10.2.2 China
10.2.3 India
10.2.4 Republic of Korea
10.2.5 Australia
10.2.6 Rest of Asia Pacific
Chapter 11 Company Landscape
11.1 Introduction
11.2 Market Share Analysis
11.3 Key Development & Strategies
11.3.1 Key Developments
Chapter 12 Company Profiles
12.1 3M Health Care
12.1.1 Company Overview
12.1.2 Product Overview
12.1.3 Financials
12.1.4 SWOT Analysis
12.2 Roboz Surgical Instrument
12.2.1 Company Overview
12.2.2 Product Overview
12.2.3 Financial Overview
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.3 Hu-Friedy Mfg. Co., LLC
12.3.1 Company Overview
12.3.2 Product Overview
12.3.3 Financial Overview
12.3.4 Key Development
12.3.5 SWOT Analysis
12.4 Unimed Medical Supplies Inc.
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Overview
12.4.4 Key Development
12.4.5 SWOT Analysis
12.5 Medline Industries, Inc.
12.5.1 Company Overview
12.5.2 Product Overview
12.5.3 Financial overview
12.5.4 Key Developments
12.6 TNI medical AG
12.6.1 Company Overview
12.6.2 Product Overview
12.6.3 Financial Overview
12.6.4 Key Developments
12.7 Sutures India Private Limited
12.7.1 Overview
12.7.2 Product Overview
12.7.3 Financials
12.7.4 Key Developments
12.7.5 SWOT Analysis
12.8 Others
Chapter 13 MRFR Conclusion
13.1 Key Findings
13.1.1 From CEO’s View Point
13.1.2 Unmet Needs of the Market
13.2 Key Companies to Watch
13.3 Prediction of Pharmaceutical industry
Chapter 14 Appendix
LIST OF TABLES
Table 1 Suture Needle Industry Synopsis, 2017 – 2023
Table 2 Asia Pacific Suture Needle Market Estimates and Forecast, 2017 – 2023, (USD Million)
Table 3 Asia Pacific Suture Needle Market by Region, 2017 – 2023, (USD Million)
Table 4 Asia Pacific Suture Needle Market by Types, 2017 – 2023, (USD Million)
Table 5 Asia Pacific Suture Needle Market by Needle end type, 2017 – 2023, (USD Million)
Table 6 Asia Pacific Suture Needle Market by Application, 2017 – 2023, (USD Million)
Table 7 Asia Pacific Suture Needle Market by End Users, 2017 – 2023, (USD Million)
Table 8 Japan Suture Needle Market by Types, 2017 – 2023, (USD Million)
Table 9 Japan Suture Needle Market by Needle end type, 2017 – 2023, (USD Million)
Table 10 Japan Suture Needle Market by Application, 2017 – 2023, (USD Million)
Table 11 Japan Suture Needle Market by End Users, 2017 – 2023, (USD Million)
Table 12 China Market by Types, 2017 – 2023, (USD Million)
Table 13 China Suture Needle Market by Needle end type, 2017 – 2023, (USD Million)
Table 14 China Suture Needle Market by Application, 2017 – 2023, (USD Million)
Table 15 China Suture Needle Market by End Users, 2017 – 2023, (USD Million)
Table 16 India Market by Types, 2017 – 2023, (USD Million)
Table 17 India Suture Needle Market by Needle end type, 2017 – 2023, (USD Million)
Table 18 India Suture Needle Market by Application, 2017 – 2023, (USD Million)
Table 19 India Needle Market by End Users, 2017 – 2023, (USD Million)
Table 20 Republic of Korea Market by Types, 2017 – 2023, (USD Million)
Table 21 Republic of Korea Suture Needle Market by Needle end type, 2017 – 2023, (USD Million)
Table 22 Republic of Korea Suture Needle Market by Application, 2017 – 2023, (USD Million)
Table 23 Republic of Korea Suture Needle Market by End Users, 2017 – 2023, (USD Million)
Table 24 Australia Market by Types, 2017 – 2023, (USD Million)
Table 25 Australia Suture Needle Market by Needle end type, 2017 – 2023, (USD Million)
Table 26 Australia Suture Needle Market by Application, 2017 – 2023, (USD Million)
Table 27 Australia Suture Needle Market by End Users, 2017 – 2023, (USD Million)
Table 28 Rest of Asia Pacific Market by Types, 2017 – 2023, (USD Million)
Table 29 Rest of Asia Pacific Suture Needle Market by Needle end type, 2017 – 2023, (USD Million)
Table 30 Australia Suture Needle Market by Application, 2017 – 2023, (USD Million)
Table 31 Rest of Asia Pacific Suture Needle Market by End Users, 2017 – 2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation for Asia Pacific Suture Needle Market
Figure 3 Segmentation Market Dynamics for Asia Pacific Suture Needle Market
Figure 4 Asia Pacific Suture Needle market Share, by Type 2016
Figure 5 Asia Pacific Suture Needle market Share, by Needle end type 2016
Figure 5 Asia Pacific Suture Needle market Share, by Application 2016
Figure 6 Asia Pacific Suture Needle Market Share, by End Users, 2016
Figure 7 Asia Pacific Suture Needle Market Share, by Region, 2016
Figure 10 Asia Pacific Suture Needle Market Share, by Country, 2016
Figure 12 Asia Pacific Suture Needle Market: Company Share Analysis, 2016 (%)
Figure 13 3M Health Care : Key Financials
Figure 14 3M Health Care: Segmental Revenue
Figure 15 3M Health Care: Geographical Revenue
Figure 16 Roboz Surgical Instrument: Key Financials
Figure 17 Roboz Surgical Instrument: Segmental Revenue
Figure 18 Roboz Surgical Instrument: Geographical Revenue
Figure 19 Hu-Friedy Mfg. Co., LLC: Key Financials
Figure 20 Hu-Friedy Mfg. Co., LLC: Segmental Revenue
Figure 21 Hu-Friedy Mfg. Co., LLC: Geographical Revenue
Figure 22 Unimed Medical Supplies Inc.: Key Financials
Figure 23 Unimed Medical Supplies Inc.: Segmental Revenue
Figure 24 Unimed Medical Supplies Inc.: Geographical Revenue
Figure 25 Medline Industries, Inc.: Key Financials
Figure 26 Medline Industries, Inc.: Segmental Revenue
Figure 27 Medline Industries, Inc.: Geographical Revenue
Figure 28 TNI medical AG : Key Financials
Figure 29 TNI medical AG : Segmental Revenue
Figure 30 TNI medical AG : Geographical Revenue
Figure 31 Sutures India Private Limited: Key Financials
Figure 32 Sutures India Private Limited: Segmental Revenue
Figure 33 Sutures India Private Limited: Geographical Revenue