Suture needles are fabricated of easily available and affordable stainless steel. They are also available in different sizes and in blunt or sharp points.
Market Highlights
In 2022, the market for suture needles was estimated to be worth USD 3.6 billion. Suture Needle market size is expected to rise from USD 3.8 billion in 2023 to USD 5.8 billion by 2032, at a compound annual growth rate (CAGR) of 18.80% between 2023 and 2032. The increase in medical cases that require repairing of tissue to facilitate healing is creating the demand for suture needles.
Suture needles are fabricated of easily available and affordable stainless steel. They are also available in different sizes and in blunt or sharp points. By needle end types, suture needles are accessible as eyed and eyeless. However, more benefits are known for eyeless needles. These are some causes that are expected to favor expansion of the suture needle market. Suturing technique include reduction of bleeding risks, strengthen wounds for healing, and make skin aesthetically pleasing. These are highly required for surgical procedures. Thus, these are other growth indicators for the market. Favorable reimbursement scenario, technological development, and rising geriatric population are key factors that can drive the suture needles market across the study period. However, easy availability of alternatives rise in needlesticks injuries can restrain the market surge.
Market Segmentation
The segment study of the global suture needles market is done by shape, end-users, and type.
The shape-based segments of the suture needle market are j shape needles, straight shaped needles, half curved, and compound curve shaped needles among others. The type-based segments of the suture needle market are eyeless needles, and eyed. The end –users based segments of the suture needle market are hospital, and clinics, and ambulatory surgical centers among others.
Regional Analysis
The Americas can hold hegemony over the world suture needles market due to the well-developed technology, improvement in reimbursement scenario, high healthcare expenditure, and the presence of the renowned players can support expansion of the market in the review period. Increase in incisions due to rise in number of drainage postoperative wound infection can support expansion of the market in the near future.
Europe market can rise at decent pace and can secure the second position in the global suture needles market. The growing support from government bodies for research & development and rise in number of surgeries drives can favor the regional market in the analysis period. EU suture needle market trend is anticipated to thrive in years ahead.
In Asia Pacific, the suture needle market can earn decent revenue in the review period. The gradual rise improvement in technology and the increase in patient pool drive can support rise of the Asia Pacific market. In Middle East and Africa, the suture needle market can rise at slow pace.
Key Players
Hu-Friedy Mfg. Co., LLC, Roboz Surgical Instrument, B. Braun Melsungen AG, Hill-Rom, Medline Industries, Inc., Medtronic Plc, and Johnson & Johnson Services, Inc., among others are some reputed names in the suture needle market that are listed by MRFR. The findings that are offered in this study by MRFR is an indispensable source for stakeholders to understand the market dynamics. People in business are in need for effective solutions that offer tangible benefits to multiple business stakeholders and several industry entities demand the same to boost their performance. Alteration in competitive landscape and increase in price war among players to promote the suture needle market in the assessment period. The study equips people in businesses. The COVID-19 assessment for the market is analysed and elaborated in the report. The study deliberates on consultations and past disruptions that aid in foreseeing preparedness. The strategic alignments of the study can also aid businessmen.
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