Suture Needles are used for suturing, a technique used to close cutaneous wounds, close dead space, strengthen wounds until healing, and reduce the risk of bleeding. A wide range of suture needles are used for suturing and are readily available in the market. The Global Suture Needles Market is expected to register a moderate CAGR of 3.1% over the forecast period of 2017-2023, asserts Market Research Future (MRFR) in an extensive study.
The growth of the Global Suture Market can be primarily attributed to the steep rise in the number of surgical procedures on a global scale. A considerable rise in the occurrence of chronic diseases which leads to increased surgeries for treatment and management of various medical conditions consequently generate greater demand for suture needles. Besides, road accidents have also been on the rise which has contributed positively to the growth of the market. Increasing healthcare expenditure is a crucial factor which is supporting the growth of the global suture needles market.
Availability of suture needles in a broad range such as taper point needle, spatula needle, coronar tip needle, taper cutting, triangle needle, and others which can be chosen to suit the needs of diverse stitching styles further augur the growth of the market. Medical device manufacturers are expanding their product portfolio to cater to the variegated needs of the healthcare sector. Also, technological advancements in the suture needles arena have resulted in the development of products such as round-bodied needles, blunt needles, etc. which has resulted in the proliferation of the global suture needles market.
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The shifting trend, as well as preference towards minimally invasive medical procedures, has further created a supportive dais for the global suture needles market. Suture needles involve minimal piercing and cutting during suturing procedure which leads to its increased adoption in medical procedures.
On the other hand, the growth of the global suture market might be hindered by the availability and preference for alternative options for wound closure such as surgical strips, wound closure tapes, and others. Furthermore, there is heightened inclination of healthcare professionals towards the use of surgical staplers which is expected to reduce the demand for suture needles over the forecast period. Surging incidences of needle stick injuries might also restrict the growth of the market.
Suture Needle Market – Competitive Landscape
The key players in the Global Suture Needles Market include Medtronic Plc, Hu-Friedy Mfg. Co., LLC, Johnson & Johnson Services, Inc., Medline Industries, Inc., Roboz Surgical Instrument, B. Braun Melsungen AG, Hill-Rom, and others.
Suture Needle Market – Segmentation
The Global Suture Needles Market has been segmented based on shape, type, and end users.
By shape, the global suture needles market has been segmented into straight shaped needles, j shape needles, compound curve shaped needles, half curved, and others.
By type, the global suture needles market has been segmented into eyed, and eyeless needles.
By end users, the global suture needles market has been segmented into ambulatory surgical centers, hospital, and clinics, and others.
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Suture Needle Market – Regional Analysis
The key markets for Suture Needles include the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).
The Americas is the largest market for suture needles spurred by high healthcare expenditure, the rise in the incidence of chronic disease, improvement in reimbursement scenario and the presence of leading players in the region. Europe is the second largest market for suture needles and is driven by increasing number of surgeries and high government support for research & development. APAC is poised to exhibit the fastest growth over the forecast period. The presence of a wide patient base, increasing healthcare expenditure and rapidly improving healthcare technology. The Middle East & Africa market is expected to exhibit moderate growth due to the presence of slow developing countries and less-developed healthcare sector in the region.
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