Suture Needle Market Research Report - Global Forecast till 2032
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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