Suture Needle Market Research Report - Global Forecast till 2030

Suture Needle Market Research Report: Information by Shapes (Straight Shaped Needles, J Shape Needles, Compound Curve Shaped Needles and Half Curved), Types (Eyed Needles and Eyeless), End Users (Ambulatory Surgical Centers, Hospital, Clinics and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2030

ID: MRFR/MED/0109-CR | August 2019 | Region: Global | 188 pages

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Suture Needle Market Overview


According to the latest research report, the Suture Needle market size is predicted to register a 5.40% CAGR by the end of the year 2030 and it is projected to reach USD 5595.55 Million by 2030.  Suture needles are a surgical needle made of stainless steel and it is used for gently piercing the tissues of a human body. It can be blunt or sharp. The suture needles are basically designed to penetrate into fascia and muscle.


Suturing is a tactic that is used to close hypodermal wounds. The chief purpose of this technique is to involve closing dead spaces, provides nourishment to wounds till its heals, decreases the risk of bleeding, and makes aesthetically pleasing skin. There are several types of suture needles are obtainable in the market such as coronary tip needle, taper point needle, taper cutting, spatula needle, triangle needle, and others. The different types of tissues require different suture needles.


This report contains all the information on the Suture Needle market research and the market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the Suture Needle market analysis and forecast to 2023 is also included in the report.


Covid 19 Analysis


The rising infection covid 19 globally has raised the supply of the essential supplies of medicine in order to avert the spread of the virus and provides maximum care to the infected individuals. Moreover, till there is no pharmaceutical treatment is been developed, the use of vantilizers in the process of treating coronavirus-affected patients who are in critical condition is highly in demand. Additionally, there is an urgent requirement for the suture needle for a wide range of medical kits which ultimately boosts the suture needle market growth.


Market Dynamic


Drivers



  • The increased occurrences of chronic diseases have lead to the requirements of different types of needles for particular procedures of surgery which has ultimately raised the demand for the across the globe.

  • The majority of surgeons across the globe prefer a specific type of needle and it is completely based on the applications. The suture needle which is required for suturing after bariatric and laparoscopic surgery is completely different from ophthalmic surgery.


Opportunities


The rise in the advancement of technology has improved the safety and efficiency of several surgeries which is predicted to boost the demand for the suture needle market globally. The flexible regulations of government for the procedures of surgeries, the introduction of advanced products with the help of advanced technology, and aging baby boomers are predicted to raise the number of surgical suture needles around the world and hence create opportunities for the global market.


The rise in awareness about the uses of suture needle size charts in surgeries in developing countries and the development of diagnosis and imaging techniques are some other major factors for the growth of the global market.


Restraints


The easy availability of suture needles in the market is the major restraint of the suture needle market. The rise in the number of incidents of injuries due to the needle may also be considered as the major restring of the global market.


Challenges


The lack of sterilization systems, disapproving policies of taxation, and low expenditure on healthcare are the major challenges for the suture needle market. Moreover, the rise in the use of surgical staplers for suturing by the professionals of healthcare in tertiary care centers and super-specialty hospitals may pose a major restraint in the market and eventually decreases the demand for suture needles market trends.


Cumulative Growth Analysis


According to the reports, in the United States, the number of surgeries performed every year is about 64 Million ranging from minor surgeries like extraction of tooth to the big complicated surgeries like open-heart procedure. Based on the data which was published in American Society of Plastic surgeons, in the year 2016, there were around 1,780,987 cosmetic surgeries were performed around the globe were suture needle plays a very important part. The reimbursement scenarios are favoring various surgical procedures and adding fuel to the demand for suture needles and threads around the globe.


In the Asia Pacific region, South Korea accounts for the maximum share of 11.4% in the year 2016, which is boosting the demand for the suture needle in this region. Moreover, the suture needle market manufacturers in the Middle East and Africa are predicted to witness a slow growth rate due to the presence of slow and poor developing countries here.


Value Chain Analysis
According to the reports, the suture needle market has been segmented into types, shapes, end-users, and regions. On the basis of shapes, the suture needle market has been segmented into straight-shaped needles, compound cure-shaped needles, j shape needles, and half curved. On the basis of types, the global market has been segmented into eyeless and eyed needles. On the basis of end-users, the global market is segmented into hospitals, ambulatory surgical centers, clinics, and others. The ambulatory center’s segment accounts for the maximum suture needle market value of USD 810.2 Million in the year 2016. The Asia Pacific market is predicted to grow at a CAGR of approximately 7.5% during the forecast period 2017-2023.


Segmentation Overview


The market is segmented on the basis of the types, shapes, end-users, and region. The suture needle market is expected to witness decent growth during the forecast period.


By Application


Based on the application, the market is segmented into straight shaped needles, compound cure-shaped needles, j shape needle, and half curved.


By end-users


Based on the propulsion types, the market is segmented into five sections such as hospital, ambulatory surgical centers, clinic, and others.


Regional Analysis
According to the reports, the suture needle on the basis of region is segmented into Americas, Europe, Asia pacific, and the Middle East, and Africa. The Americas region is predicted to account for the largest suture needle industry share during the forecast period due to the advancement in reimbursement policies and expenditure of high healthcare.


The European region is estimated to account for the second-largest suture needle market share during the forecast period due to the rise in the numbers of cases of surgical procedures, rising support of the government in development and research, and the well-organized infrastructures. The Asia Pacific region is expected to be the high-speed growing market due to the increased number of road accidents in this region and the savior opportunities present in this market for the development.


Competitive landscape
The major initiatives of the key players in the suture needle market such as acquisitions and partnerships are nagged by the key companies for better distribution activities and developments of the product are predicted to boost the demand for the suture needle industry further during the forecast period. The manufacturing companies are analyzing the demand for the different types of suture needles and accordingly, they are planning to manufacture their quantity which will be supplied to reduce the risk of wastage of resources, money, and time.


Major Key Players



  • Hu-Friedy Mfg. Co.

  • LLC

  • Roboz Surgical Instrument

  • Hill-Rom, Medline Industries, Inc.

  • B. Braun Melsungen AG

  • Medtronic Plc
    Johnson & Johnson Services, Inc


 Report Overview


The following report comprises of –



  • Market overview

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview

  • By Application

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent developments



  • In January 2016, Intuitive Surgical and Hill – Rom received FDA clearance for integrated table motion.

  • In November 2017, Medline acquired Centurion Medical Products to add a full set of vascular access products to its portfolio.

  • In March 2016, Ethicon, a medical device company associated with Johnson & Johnson, acquired NeuWave Medical, Inc.


Market Segmentation


Global Market, by Shapes



  • Straight Shaped needles

  • J Shape Needles

  • Compound Curve Shaped Needles

  • Half Curved


Global Market, by Types



  • Eyed Needles

  • Eyeless


Global Market, by End User



  • Ambulatory Surgical Centers

  • Hospital

  • Clinics

  • Others


Global Market, by Region


Americas



  • North America


    • US

    • Canada

    • South America


  • Europe


    • Western Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Rest of Western Europe

    • Eastern Europe




  • Asia-Pacific


    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific




  • Middle East & Africa


    • UAE

    • Saudi Arabia

    • Oman

    • Kuwait

    • Qatar

    • Rest of the Middle East & Africa



 



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 5595.55 Million
  CAGR   5.40% (2020-2030)
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Shapes, Types, End Users and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Hu-Friedy Mfg. Co., Roboz Surgical Instrument, Hill-Rom, Medline Industries, Inc., B. Braun Melsungen AG, Medtronic Plc, Johnson & Johnson Services, Inc
  Key Market Opportunities   The rise in the advancement of technology has improved the safety and efficiency of several surgeries
  Key Market Drivers   The increased occurrences of chronic diseases have lead to the requirements of different types of needles


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Frequently Asked Questions (FAQ) :

The market valuation would be USD 3809.4 million.

The largest end user segment is USD 810.2 million.

The Americas have the promise of growing with the largest market share.

The Asia Pacific region would be the fastest one in terms of growth.

The global suture needle market valuation would be USD 3809.4 Million by the end of the year 2030.