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Global Suture Needle Market Size was valued at USD 3.9 Billion in 2022. The Suture Needle market Shape is projected to grow from USD 3.9 Billion in 2023 to USD 5.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.90% during the forecast period (2023 - 2032). Increase in the frequency of chronic diseases and cardiovascular surgical procedures, are the key market drivers enhancing the market growth.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
The increase in cardiovascular procedures and the prevalence of chronic diseases are what are fueling the market's growth. Furthermore, the market for suture needles will benefit from the development of cutting-edge technical solutions. For instance, in May 2020, Healthium Medtech released Truglyde SN2355, a collection of suture needles made especially for COMOC MG, a cutting-edge surgical approach for treating postpartum hemorrhage (PPH), one of the major causes of maternal death.
In May 2020, the WHO predicts that there would be 2,94,046 fatalities worldwide and more than 42,48,389 confirmed cases of COVID-19. The epidemic has greatly hampered attempts to deliver healthcare globally, particularly those aimed at treating chronic conditions like heart disease. Across all geographical areas, cardiology diagnostic procedures decreased 64% over the previous year. On the other hand, 22% of the centers indicated that the medical staff's access to personal protective equipment (PPE) and high-filtration masks was restricted. The market for suture needles has suffered as a result of this supply shortage.
The rising prevalence of cardiovascular disorders in the world is predicted to increase the demand for surgical care. According to the WHO, 17.9 million deaths worldwide from cardiovascular illnesses occurred in 2019, accounting for 32% of all deaths. Furthermore, heart attacks and strokes may account for a large portion of these fatalities.
As a result of various initiatives, such as product launches, mergers, and acquisitions by important industry participants, the market is anticipated to grow. For instance, in August 2017, The ProxiSure (TM) Suturing Device, a state-of-the-art laparoscopic suturing device featuring Ethicon endomechanical, suture, and curved needle technologies, was unveiled by Ethicon, a part of Johnson & Johnson Medical Devices Companies. ProxiSure (TM), which offers a very intuitive tissue healing experience, was developed to provide precise suturing in confined spaces. It is most suited for gynecological, general, colorectal, and bariatric procedures. A surgeon's ability to stitch a variety of tissue layers, including flat surfaces, is improved by the device's curved needle. As a result of these novel advancements, it is projected that the market for suture needles would grow. Thus, driving the Suture Needle market revenue.
The global Suture Needle market segmentation, based on Shape, includes straight shaped needles, j-shape needles, compound curve shaped needles, and half-curved. Straight shaped needles segment dominated the global market in 2022. The growth of abdominal and rhinoplasty surgery is associated with the section. It is also used in microsurgery to facilitate nerve and vascular healing. Contrary to other needle types, the straight-body needle is used to stitch tissue that is easily accessible and handled by hand. The half-curved needle market is predicted to expand significantly throughout the projected time frame. This is because a half-curved needle travels more predictably into tissue and is smaller than a straight needle.
The global Suture Needle market segmentation, based on Type, includes eyed needles and eyeless. Eyed needles segment dominated the global market in 2022. The capacity of eyed needles to puncture easily penetrated tissues (such the subcutaneous layers, dura, peritoneum, and abdominal viscera) while minimizing fascia tearing is projected to enhance demand for suture needles. The blunt point needle sector is expected to experience significant expansion over the course of the predicted period. Blunt point needles are advised as an alternative to taper point needles since they can be utilized in place of typical curved needles and significantly lower risk exposures during surgical procedures. This is projected to fuel market expansion in the near future.
The global Suture Needle market segmentation, based on End User, includes ambulatory surgical centers, hospital, and clinics. Hospital segment dominated the global Suture Needle market in 2022. This is a result of new advancements in imaging, surgical equipment, and diagnostics as well as an increase in the number of critical conditions that call for surgery.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America Suture Needle Market dominated this market in 2022 (45.90%). This is feasible since minimally invasive therapies are quickly adopted and cardiovascular diseases, which currently account for more than one-third of all mortality in the United States, are relatively common. According to the American Heart Association, there will be twice as many elderly people by 2030 as there are today, and cardiovascular illnesses will continue to be the main cause of death and morbidity for this population. Further, In the North American area, the U.S. Suture Needle market had the biggest market share, while the Canada Suture Needle market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Europe Suture Needle market accounted for the healthy market share in 2022. This is due to factors such a high rate of surgeries, an increase in consumer disposable money, and the introduction of technologically sophisticated products as a result of market participants investing in the region. Further, In the European region, the German Suture Needle market had the biggest market share, and the U.K. Suture Needle market had the quickest rate of growth.
The Asia Pacific Suture Needle market is expected to register significant growth from 2023 to 2032. One of the main factors influencing the market in emerging nations is the rise in surgical procedures and medical tourism. As a result, market expansion will likely accelerate soon. Additionally, China's suture needle market had the largest market share in the Asia-Pacific region, while India's suture needle market grew at the fastest rate.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Suture Needle market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Suture Needle sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Suture Needle industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Suture Needle sector. Major players in the Suture Needle market, including Hu-Friedy Mfg. Co., Roboz Surgical Instrument, Hill-Rom, Medline Industries Inc., B. Braun Melsungen AG, Medtronic Plc, and Johnson & Johnson Services Inc., are attempting to increase market demand by investing in research and development operations.
A company that specializes in medical technology under the name of Medtronic Plc (Medtronic), formerly known as Medtronic Inc., designs, develops, manufactures, and sells a wide range of medical items. It offers treatments for ailments such heart valve problems, heart failure, aortic, peripheral vascular, venous renal, and neurological problems, as well as for illnesses affecting the spine and musculoskeletal system and the ears, nose, and throat. For the dentistry and orthopedic areas, it also provides biologic solutions. It sells its goods to hospitals, clinics, institutions, government-sponsored health care programs, distributors, and group purchasing organizations in Asia Pacific, Europe, the Americas, the Middle East, and Africa. Dublin, Ireland is home to Medtronic's corporate headquarters. In March 2022, Medtronic and Vizient announced their collaboration on a video management solution powered by Al. Surgical teams will now have access to operation videos.
The primary business activities of Smith & Nephew Plc (Smith & Nephew) include the development, manufacture, and marketing of medical devices for use in orthopaedic repair and trauma, sports medicine, ENT, and advanced wound therapy. The company offers robotically assisted technologies, hip and knee implants to replace diseased, worn-out, or injured joints, trauma-related products to stabilize fractures, and deformity restoration procedures. It also offers equipment and supplies for removing and mending soft tissue in addition to products for healing wounds. Smith & Nephew sells its products to a variety of audiences, including doctors, general practitioners, surgeons, nurses, and buying staff at hospitals. It also sells its products to health insurers. The business sells its products across North America, Europe, Asia-Pacific, Africa, and the Middle East. The Smith & Nephew corporate office is located in Watford, Hertfordshire, the United Kingdom. In November 2020, Smith and Nephew reported that their recently developed Novostitch Meniscal repair technology has an 82.6% success rate in treating Horizontal Cleavage tears.
· Hu-Friedy Mfg. Co.
· Roboz Surgical Instrument
· Hill-Rom
· Medline Industries Inc.
· B. Braun Melsungen AG
· Medtronic Plc
· Johnson & Johnson Services Inc.
August 2021: Healthium fully purchased AbGel, a producer of gelatin sponges with headquarters in Mumbai, allowing it to broaden the range of its post-surgical and surgical care product offerings. Their product line has been strengthened with the addition of hemostats, a urology portfolio, a proprietary arthroscopy, gloves, surgical sutures, needles, hernia meshes, and surgical staplers.
· Straight Shaped Needles
· J-Shape Needles
· Compound Curve Shaped Needles
· Half-Curved
· Eyed Needles
· Eyeless
· Ambulatory Surgical Centers
· Hospital
· Clinics
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
Report Scope
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 3.9 Billion |
|
Market Size 2023 |
USD 3.9 Billion |
|
Market Size 2032 |
USD 5.9 Billion |
|
Compound Annual Growth Rate (CAGR) |
18.90% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Shape, Type, End User, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
Hu-Friedy Mfg. Co., Roboz Surgical Instrument, Hill-Rom, Medline Industries Inc., B. Braun Melsungen AG, Medtronic Plc, and Johnson & Johnson Services Inc. |
|
Key Market Opportunities |
Technological advancements and favorable reimbursement scenario |
|
Key Market Dynamics |
Surge in the number of surgical procedures for cardiovascular diseases and the increasing prevalence of chronic diseases |
The global Suture Needle market size was valued at USD 3.9 Billion in 2022 and is expected to reach USD 5.9 billion in 2032
The global market is projected to grow at a CAGR of 18.90% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Hu-Friedy Mfg. Co., Roboz Surgical Instrument, Hill-Rom, Medline Industries Inc., B. Braun Melsungen AG, Medtronic Plc, and Johnson & Johnson Services Inc.
The Straight Shaped Needles Shape dominated the market in 2022.
The Eyed Needles Type had the largest share in the global market.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65229
Published on :
Sep 2023
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