Suturing is a technique used to repair tissue, and facilitate healing. Suture needles are made up of stainless steel that come in different sizes and must have blunt or sharp points. There are basically two needle end types i.e. eyed or eyeless. Needles having a hole at the suture side are eyed needles, whereas those which have suture crimped within the needle are considered as eyeless or swaged. There are more benefits associated with eyeless needles over the eyed needle such as an eyeless needle is for single use which avoids the loss of sharpness.
The main aspects of this technique include closing dead spaces, reducing the risks of bleeding, strengthening wounds until healing, and making skin aesthetically pleasing. Suture needles are required for the placement of sutures in tissues. Suture needles must be rigid enough to avoid bending and flexible enough to bend before breaking.
Increasing number of surgical procedures, favorable reimbursement scenario, rising geriatric population, and technological improvements are the key factors driving the suture needles market.
However, easy availability of alternatives and increasing incidence of needlestick injuries may hinder the growth of the market to an extent.
Get a sample report at https://www.marketresearchfuture.com/sample_request/552 .
For different wounds or surgical procedures distinct stitching style of sutures have been used such as vertical mattress, layered closure, horizontal mattress, running suture, and many others. The demand for surgical procedures is on the rise across the globe as surgery has become standard treatment for various health conditions. As per the 2015 statistics suggested by the Eurostat, cataract surgery, and colonoscopy were the two most common surgical procedures performed in European region. It is observed that in the year 2015, cataract surgery was performed one thousand times per 100 000 inhabitants specifically in Germany, Sweden, the Czech Republic, Luxembourg, Finland, Malta, Estonia, Austria, Portugal, and France. Other common procedures include bronchoscopies, and transluminal coronary angioplasties
Notably, favorable reimbursement scenario and technological improvements are the key factors driving the suture needles market. On December 1, 2017, the Australian Government Department of Health introduced the latest Medicare Benefits Schedule (MBS). According to the MBS, the actual fee for Caecostomy, Colostomy, Enterotomy, Enterostomy, Gastrostomy, Gastrotomy, Suture of perforated peptic ulcer was USD 521.25, which is now reduced by 75% i.e. USD 390.95. The actual fee for hydatid cyst of liver, with or without suture of biliary radicles, and with omentoplasty or myeloplasty was USD 653.45 which is now reduced by 75% i.e. USD 490.10.
Key Players in the Suture Needles Market: Roboz Surgical Instrument, Hu-Friedy Mfg. Co., LLC, Hill-Rom, Medline Industries, Inc., Medtronic Plc, B. Braun Melsungen AG, Johnson & Johnson Services, Inc., and others.
Regional Analysis
The Americas dominate the suture needles market owing to the well-developed technology, high healthcare expenditure, improvement in reimbursement scenario, and the presence of the leading players. According to the American Medical Association, Medicare has made various significant amendments in Ambulatory Surgery Center payment system (ASC). It is observed that for incision and drainage postoperative wound infection Medicare was providing reimbursement of USD 790.85, which is now exceeded to USD 1,030.52 in ASC. Whereas hospital outpatient payment has been exceeded to USD 2,148.00 from USD 1,414.28 this year.
Europe holds the second position in the suture needles market. It is expected that the support provided by the government bodies for research & development, and increasing number of surgeries drives the market in the European region.
Asia Pacific region is projected to be the fastest growing region during the forecast period. Rapidly improving technology, and the presence of huge patient pool drive the growth of this market in Asia Pacific region.
The Middle East and Africa hold the least share of the market owing to the presence of poor and slow developing countries, especially, in the African region.
Browse Complete Report at https://www.marketresearchfuture.com/reports/suture-needles-market-552 .
The global homeopathy market is segmented on the basis of types, application, source, and end user. On the basis the types, it is segmented into dilutions, tincture, biochemics, ointments, tablets, and others. On the basis of the application, it is segmented into analgesic and antipyretic, respiratory, neurology, immunology, gastroenterology, dermatology, and others. On the basis of the source, it is segmented into plants, animals, and minerals. On the basis of end user homeopathic clinic, hospitals, retailer, e- retailer, research laboratories, and others.
According to World health Organization, Homeopathy is the fastest-growing and second-most widely-used system of medicine in the world. Furthermore, According to World Health Organization, Homeopathic medicine is the most popular Traditional. Complementary and Alternative Medicine (TCAM) in countries with a GDP > USD15,000, and the second most (after Herbal) in countries with GDP < USD15, 000.
However, negative opening & publicity against homeopathy medicine, false advertising and misleading claims made by homeopaths, lack of funding, limited research & development in the field of homeopathy, poor awareness campaign in favour of homeopathy medicine may hamper the market growth during the forecast period.
More Inquire at https://www.marketresearchfuture.com/enquiry/552 .
Key Findings
- The global suture needles market is expected to reach USD 3,809.4 million by 2023 at a CAGR of 3.1%.
- On the basis of the shape, the straight needles segment is expected to command the largest market share of 25.4% over the review period and half curved needle is expected to grow at the fastest CAGR of 3.5% during the forecast period 2017-2023
- The Americas hold the largest share of the global suture needles market and is expected to reach USD 1,291.6 million by 2023
- Asia Pacific is the fastest growing market, which is expected to grow at a CAGR of 3.4% over the 2017-2023
The Americas dominate the suture needles market owing to the well-developed technology, high healthcare expenditure, improvement in reimbursement scenario, and the presence of the leading players. According to the American Medical Association, Medicare has made various significant amendments in Ambulatory Surgery Center payment system (ASC). It is observed that for incision and drainage postoperative wound infection Medicare was providing reimbursement of USD 790.85 which is now exceeded to USD 1,030.52 in ASC. Whereas hospital outpatient payment has been exceeded to USD 2,148.00 from USD 1,414.28 this year.
Europe holds the second position in the suture needles market. It is expected that the support provided by the government bodies for research & development and increasing number of surgeries drives the market in European region.
Asia Pacific region is projected to be the fastest growing region during the forecast period. Rapidly improving technology and the presence of huge patient pool drive the growth of this market in Asia Pacific region.
Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Email: akash.anand@marketresearchfuture.com
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/suture-needles-market-552