Suture Needles Market by Shapes (Straight Shaped Needles, J Shaped Needles, Compound Cure Shaped Needles, and Half Curved), by Types (Tapercut Needle, Blunt Point Needle, Reverse Cutting Needle, Round Bodied Needle, Conventional Cutting Needle and Spatula Needle), by End Users (Ambulatory Surgical Centers, Hospital, and Clinics),and by application(Cardiovascular, General Surgery, Orthopedic Procedures, Gynecological Procedures, Veterinary Procedures and Others) – Global Opportunity Analysis and Industry Forecast 2022-2030

Market Definition:

Global Suture Needles Market size was valued at USD 492.8 million in 2021 and is predicted to reach USD 758.0 million by 2030 with a CAGR of 4.9% from 2022-2030.

Suture needles are normally made of stainless steel and are composed of different components such as the point, the body, and the swage. Suture needles are used to close wounds and during treatment related to skin ulcers, neuropathic ulcers, diabetic ulcers, and in pediatric cardiac surgeries among others. These sutures cause less reaction in the human body and provide better passage to the thread through the cells.

Market Dynamics and Trends:

The demand for suture needles is increasing due to rising number of surgical procedures related to cardiovascular diseases. In addition, factors such as prevalence of chronic diseases and growing geriatric population are expected to propel the growth of the market during the forecast period.

Furthermore, government’s push to raise awareness among patients regarding the risk of using reusable needle is also acting as a driving factor, owing to which the suture needle market is expected to expand in the coming years.

However, healthcare professionals, especially in the tertiary care centers and super-specialized hospitals, have begun to use surgical staplers for suturing, instead of suture needles, which in turn is expected to restrain the growth of market to a certain extent. On the other hand, technological advancements such as curved needle technologies, endo-mechanical suture, and advanced new laparoscopic suturing needles is expected to offer lucrative growth opportunities for the suture needles market players in future.

Market Segmentations and Scope of the Study:

The suture needles market size has been segmented based on by shapes, type, end-users, and geography. Based on the by shapes, the industry is classified into straight shaped needles, J shaped needles, compound cure shaped needles, and half curved. Based on the type, the industry is bifurcated into tapercut needle, blunt point needle, reverse cutting needle, round bodied needle, conventional cutting needle and spatula needle. Based on end-user, the market is classified into ambulatory surgical centers, hospital, and clinics. The geography breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and ROW.

Geographical Analysis:

North America holds the lion share of global suture needles market and is expected to continue dominating the market during the forecast period. This is attributed to factors such as increasing expenditure in healthcare sector, and government support for research & development as well as rise in the number of surgeries. In addition, presence of a huge patient pool for bariatric and ophthalmic surgeries in hospitals is further expected to drive the suture needle demand in this region.

However, Asia Pacific region is expected to show a steady rise in the suture needles market due to requirement of suturing needle after laparoscopic and bariatric surgeries along with increased medical tourism. Also, countries like China, India, and Japan are focusing on the manufacturing and exporting of surgical equipment worldwide, as there is an availability of low-cost raw material and labor. This along with increasing number of hospitals and healthcare centers are benefiting the growth of the market in this region.

Competitive Landscape:

The market comprises of various players such as Medtronic, Futura Surgicare Pvt. Ltd., Johnson & Johnson Medical N.V., Natsume Seisakusho Co., Ltd., Alfresa Pharma Corporation, Bear Medic Corporation, SUTUREX & RENODEX, Teleflex Incorporated, Smith & Nephew, and Healthium.

These manufacturers are actively indulging in R&D initiatives, acquisitions, product & technology innovations, and industrial collaborations to enhance their product and increase their growth and geographical reach.

For instance, in August 2021, Healthium had acquired Shri SGK Labs' AbGel gelatin sponge company that would help in expanding its post-surgical and surgical care product line. This acquisition was done to expand its product portfolio by including needles, patented arthroscopy hemostats, urology portfolio, gloves, surgical sutures, surgical staplers, and other wound closure device.

KEY BENEFITS:

• The suture needles market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the suture needles market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the suture needles market is provided in the report.

• The competitive analysis of the market players along with their market share in the suture needles market.

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Shapes

• Straight Shaped Needles

• J Shaped Needles

• Compound Cure Shaped Needles

• Half Curved

By Types

• Tapercut Needle

• Blunt Point Needle

• Reverse Cutting Needle

• Round Bodied Needle

• Conventional Cutting Needle

• Spatula Needle

By Application

• Cardiovascular

• General Surgery

• Orthopedic Procedures

• Gynecological Procedures

• Veterinary Procedures

• Others

By End Users

• Ambulatory Surgical Centers

• Hospital

• Clinics

By Geography

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• RoW

  • UAE

  • Saudi Arabia

  • South Africa

  • Brazil

  • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

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