USD 3.6 Billion
Suture Needles Market Size, Share, Growth Analysis, By Shape(Straight Shaped, and J Shape), By Type(Tapercut, Conventional Cutting), By Application(Cardiovascular, and Veterinary Procedures), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2507 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
87
|Figures:
70
Suture Needles Market Insights
Global Suture Needles Market size was valued at USD 3.6 Billion in 2022 and is poised to grow from USD 4.28 Billion in 2023 to USD 16.97 Billion by 2031, at a CAGR of 18.80% during the forecast period (2024-2031).
The global suture needles market has been witnessing notable growth in recent years, driven by several key factors. One of the primary drivers is the increasing prevalence of chronic diseases and a growing aging population worldwide, which has led to a higher demand for surgical procedures.
Additionally, advancements in healthcare infrastructure, especially in emerging economies, have improved access to surgical interventions, further boosting the market. Moreover, the adoption of minimally invasive surgical techniques has increased the need for specialized suture needles designed for precision and reduced tissue trauma. The market is also influenced by the continuous development of innovative materials and technologies that enhance the performance and safety of suture needles.
As healthcare standards continue to rise globally, the demand for high-quality surgical instruments, including suture needles, is expected to remain robust, presenting opportunities for market growth in the foreseeable future. However, the market may face challenges related to stringent regulatory approvals and the availability of alternative wound closure methods, which could impact its growth trajectory.
US Suture Needles Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Tapercut
Fastest Growth
Tapercut
Growth Rate
18.80% CAGR
Global Suture Needles Market ($ Bn)
Country Share for North America Region (%)
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Suture Needles Market Segmental Analysis
The global suture needles market is segmented on the basis of Shape, Type, Application and region. Based on Shape the market is segmented as Straight Shaped, J Shape. Based on Type it is classified into Tapercut, Conventional Cutting. On the basis of Application the market is segmented as Cardiovascular, Veterinary Procedures. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Suture Needles Market Analysis by Shape
Straight shaped suture needles have traditionally dominated the market due to their versatility and widespread use in various surgical procedures. They offer ease of handling and precise suturing, making them a staple choice for surgeons across different specialties. While they may not exhibit rapid growth, their consistent demand remains significant in maintaining market stability.
However, J-shaped suture needles have shown promising growth in recent years. Their unique design allows for easier tissue penetration and minimizes tissue trauma, making them increasingly popular for minimally invasive procedures. Surgeons appreciate their ability to navigate tight spaces, promoting their adoption in laparoscopic and robotic surgeries. This growth trend is likely to continue as minimally invasive techniques gain prominence in the surgical landscape.
Suture Needles Market Analysis by Type
TaperCut needles have been dominating the suture needle market in recent years. Their popularity can be attributed to their precision and ability to reduce tissue trauma during suturing. Surgeons prefer these needles for delicate procedures, such as ophthalmic or plastic surgeries, where minimizing tissue damage is crucial. Additionally, TaperCut needles are favored for their ease of use, making them a top choice in various medical specialties.
Furthermore, over the course of the forecast period, a rapid growth rate is anticipated for the blunt point needle segment. Since blunt point needles can be used in place of conventional curved needles and significantly reduce risk exposures during surgical procedures, they are recommended as an alternative to taper point needles and are expected to drive market growth in the near future.
Global Suture Needles Market By Type
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Suture Needles Market Regional Insights
North America currently dominates the global suture needles market due to its advanced healthcare infrastructure, high healthcare expenditure, and a robust demand for surgical procedures. The region benefits from a well-established healthcare system, access to cutting-edge medical technologies, and a large aging population. Moreover, a significant presence of key market players and ongoing innovations in suture needle technology further contribute to North America's leadership in the market.
However, Asia Pacific is the fastest-growing region in the global suture needles market. This growth can be attributed to several factors, including the rising healthcare awareness, expanding healthcare infrastructure, and a surging population in countries like India and China. Additionally, increasing investments in healthcare, a growing middle-class population, and a rising number of surgical procedures are driving the demand for suture needles in the region. Furthermore, the relatively lower cost of medical procedures and the expansion of healthcare access to rural areas are fueling the market's rapid growth in Asia Pacific.
Global Suture Needles Market By Region
- Largest
- Fastest
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Suture Needles Market Dynamics
Suture Needles Market Drivers
Rising Demand for Minimally Invasive Surgeries
- A major key driver in the global suture needles market is the escalating demand for minimally invasive surgical procedures. These procedures offer benefits such as reduced patient trauma, quicker recovery times, and shorter hospital stays. As a result, there's an increasing need for specialized suture needles that cater to these techniques, providing precise suturing and minimizing tissue damage. This trend is propelled by advancements in medical technology, enabling surgeons to perform complex procedures through smaller incisions.
Suture Needles Market Restraints
Regulatory Challenges Impacting Market Growth
- Stringent regulatory approvals and standards, varying from region to region, can create barriers for market players. These regulations often require rigorous testing and compliance, leading to extended timelines and increased costs for bringing new suture needle products to market. Moreover, differing regulations in various countries can pose challenges for manufacturers aiming to establish a global presence. Navigating these regulatory hurdles demands substantial resources and expertise, which can hinder innovation and limit market expansion, thereby affecting the overall growth potential of the suture needles market.
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Suture Needles Market Competitive Landscape
The competitive landscape in the global suture needles market is marked by intense rivalry among several prominent players. These companies are engaged in continuous research and development efforts to introduce advanced suture needle products that offer enhanced precision and minimize tissue trauma during surgical procedures.
Additionally, strategic partnerships and collaborations are common strategies within the industry to expand market reach and gain a competitive edge. As market participants vie for market share, innovation, product quality, and distribution networks are pivotal factors determining their success.
Furthermore, increasing awareness about healthcare-associated infections and the importance of safe and reliable surgical instruments are intensifying competition as companies strive to meet the growing demand for high-quality suture needles across diverse healthcare settings.
Suture Needles Market Top Player’s Company Profiles
- Medtronic (US)
- Futura Surgicare Pvt. Ltd. (India)
- Johnson & Johnson Medical N.V. (Netherlands)
- Aurolab (India)
- Natsume Seisakusho Co., Ltd. (Japan)
- Alfresa Pharma Corporation (Japan)
- Bear Medic Corporation (Taiwan)
- SUTUREX & RENODEX (France)
- Teleflex Incorporated (US)
- Smith & Nephew (UK)
- Hu-Friedy Mfg. Co., LLC (US)
- FSSB Chirurgische Nadeln GmbH (Germany)
- Burtons Medical Equipment Ltd. (UK)
- Advin Health Care (India)
Suture Needles Market Recent Developments
- April 2023: BD announced the launch of its new InvisiGlide™ Suture Needles, which are designed to provide a smoother insertion and reduce tissue trauma.
- March 2023: Ethicon released its new V-Loc™ Suture Technology, which is a barbed suture that is designed to provide a secure closure with less tissue tearing.
- February 2023: 3M announced the launch of its new Prolene™ Plus Suture Needles, which are designed to provide a stronger and more durable suture with less tissue drag.
- January 2023: Teleflex Medical launched its new SurgiPro™ Suture Needles, which are designed to provide a smooth insertion and a secure closure with less tissue trauma.
Suture Needles Key Market Trends
- Growing Demand for Absorbable Suture Needles: One major key market trend in the global suture needles market is the increasing demand for absorbable suture needles. These needles, made from materials that are naturally absorbed by the body over time, are gaining popularity due to their ability to eliminate the need for suture removal procedures, reducing patient discomfort and healthcare costs. Surgeons are increasingly opting for absorbable suture needles in various surgical applications, including soft tissue and internal organ suturing. This trend aligns with the broader healthcare industry's emphasis on patient comfort, quicker recovery times, and cost-effectiveness, driving the adoption of absorbable suture needles in medical practice.
Suture Needles Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to Global Suture needles market analysis, while analyzing the market, several factors come to light. The market's growth is propelled by a combination of rising surgical interventions due to a higher prevalence of chronic conditions and an aging population. Moreover, the continual advancement of healthcare infrastructure, particularly in emerging economies, has expanded the reach of surgical procedures, contributing to market expansion. The industry's shift towards minimally invasive techniques has spurred demand for specialized suture needles, emphasizing precision and reduced tissue trauma.
However, amidst these opportunities, stringent regulatory processes and the emergence of alternative wound closure methods pose challenges to market players. Innovation in materials and technology remains crucial, as healthcare standards continue to elevate globally, influencing the demand for premium suture needle solutions. This complex landscape necessitates a balance between compliance, innovation, and patient-focused outcomes for sustained success in the suture needles market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.6 Billion |
| Market size value in 2031 | USD 16.97 Billion |
| Growth Rate | 18.80% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Suture Needles Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Suture Needles Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Suture Needles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Suture Needles Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Suture Needles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Suture Needles Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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