SAN FRANCISCO, Dec. 14, 2021 /PRNewswire/ -- The global suture needles market size is expected to reach USD 740.9 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% from 2021 to 2028. An increasing incidence of chronic diseases and a rising number of surgical procedures are driving the market.
In 2020, the COVID-19 pandemic stunted the market growth owing to the supply shortages of medical equipment because of temporary lockdowns of manufacturing sites in COVID-19-affected countries and travel restrictions affecting shipments.
Key Insights & Findings from the report:
- By shape, the straight shaped needles segment held the largest revenue share in 2020 due to its easy accessibility during surgeries, along with its high flexibility, greater strength, and pliability as compared to other shapes
- Based on type, tapercut needles held the largest revenue share in 2020. The taper-point needle is used to puncture easily penetrated tissues (such as subcutaneous layers, abdominal viscera, peritoneum, and dura) while minimizing fascia tearing, which is anticipated to boost the demand for suture needles
- North America is expected to maintain its lead over the forecast period owing to technological advancements, an increase in patients opting for cosmetic procedures, and the high rate of adoption of minimally invasive treatments for cardiovascular diseases.
Read 110 page market research report, "Suture Needles Market Size, Share & Trends Analysis Report By Shape (Straight Shaped, J Shape), By Type (Tapercut, Conventional Cutting), By Application (Cardiovascular, Veterinary Procedures), By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research
However, as the global economy returns to normal, the number of surgical procedures on hold will gradually increase, leading to market growth during the beginning of the first quarter of 2021.
The market growth is projected to be restrained by an increase in the number of suture needle injuries. Many healthcare professionals, particularly in super-specialized hospitals and tertiary care centers, have begun to use surgical staplers for suturing, which may act as a further restraint and lower the demand for suture needles.
Technological advancements such as endo-mechanical, suture, and curved needle technologies and advanced new laparoscopic suturing needles, combined with composite materials, have resulted in improved health outcomes, higher satisfaction, and surgical treatment timeliness. As a result, advanced technology is expected to drive the market forward.
Grand View Research has segmented the global suture needles market on the basis of shape, type, application, and region:
- Suture Needles Shape Outlook (Revenue, USD Million, 2016 - 2028)
- Compound-cure Shaped Needles
- Straight Shaped Needles
- J Shape Needle
- Half Curved
- Suture Needles Type Outlook (Revenue, USD Million, 2016 - 2028)
- Tapercut Needle
- Blunt Point Needle
- Reverse Cutting Needle
- Round Bodied Needle
- Conventional Cutting Needle
- Spatula Needle
- Suture Needles Application Outlook (Revenue, USD Million, 2016 - 2028)
- Cardiovascular
- General Surgery
- Orthopedic Procedures
- Gynecological Procedures
- Veterinary Procedures
- Others
- Suture Needles Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Afghanistan
- New Zealand
- North Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Iran
List of Key Players of Suture Needles Market
- Medtronic
- Futura Surgicare Pvt. Ltd.
- Johnson & Johnson Medical N.V.
- Aurolab
- Natsume Seisakusho Co., Ltd.
- Alfresa Pharma Corporation
- Bear Medic Corporation
- SUTUREX & RENODEX
- Teleflex Incorporated
- Smith & Nephew
- Hu-Friedy Mfg. Co., LLC
- FSSB Chirurgische Nadeln GmbH
- Burtons Medical Equipment Ltd.
- Advin Health Care.
Check out more studies on surgical devices and equipment, published by Grand View Research:
- Surgical Equipment Market - The global surgical equipment market size was valued at USD 9.32 billion in 2020 and is expected to grow at a CAGR of 9.8% from 2021 to 2028. Large unmet surgical needs, growing healthcare costs, rising geriatric population, and increasing surgical volume are the key factor.
- Disposable Surgical Devices Market - The global disposable surgical devices market size was valued at USD 5.2 billion in 2020 and is expected to expand at a CAGR of 7.8% from 2021 to 2028. The increasing prevalence of neurological, cardiovascular, infectious, and urological disorders, is expected to fuel the growth.
- Wound Closure Devices Market - The global wound closure devices market size was valued at USD 13.23 billion in 2018 and is expected to exhibit a CAGR of 7.1% over the forecast period. Owing to the prevalence of chronic wounds, increasing cases of accidents, and the rising number of surgeries.
Browse through Grand View Research's coverage of the Global Medical Devices Industry.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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