Global Suture Needles Market Overview

The Global Suture Needles market size is estimated to reach $1,148 million by 2026, growing at a CAGR of 6.1% over the forecast period of 2021-2026. 

The suture needles market outlook is fascinating due to elevating injuries in sporting events, road accidents, and Oher tragedies. Furthermore, broadening chronic ailments with expanding elderly population are factors set to drive the growth of the Suture Needles Market for the period.

Suture needles can be restricted as medical devices used to stitch wounds and incisions created during surgical procedures of cardiovascular disorders. The principal purpose behind suturing is to keep the body's tissues in place and endorse the healing of deep wounds. A thread (suture) is installed in suturing needle to accomplish the sewing process.

Polypropylene, nylon, and polyester are "synthetic nonabsorbable monofilaments," the most common form of sutures used in medical procedures. Their far-reaching use yields high tensile strength even after implantation and non-reactive nature. 

Key Takeaways from Global Suture Needles Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for Tip Type, Application, Shape, End-user, and by different industry verticals.
• Understand the market dynamics – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes.
• Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years.
• Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

Market Segmentation Overview

By Application, the cardiovascular surgeries market segment grows at the highest CAGR during the forecast period.

During the forecast period, the market for the cardiovascular surgeries segment is predicted to develop at the fastest rate of XX%. This growth is due to plunging cardiovascular surgeries and other medical procedures. In addition, the prevalence of chronic ailments such as cancer, heart attacks, etc., is swelling on an unprecedented scale. 

The General segment held the largest share in 2020. The growth is due to surging in injuries inflicted in sports as sporting activities have become an indispensable medium of entertainment for people. Additionally, combats sports like mixed martial arts fights, kickboxing, etc., are gaining popularity among adults and teenagers.

By End-user, the Hospital Segment to grow at the highest CAGR during the forecast period.

The hospital segment is predicted to develop at the fastest CAGR during the projection period. Augmenting numbers of private players in the healthcare business, improving the overall quality of services to the customer is owing to growth. 

Furthermore, the government's friendly healthcare schemes are congruent with the growth of this segment. For instance, the Indian government launched "Ayushman Bharat Yojana" to provide low-income recipients free access to health indemnification. 

The hospital segment held the largest share in 2020. The growth is owing to swift refinements in healthcare infrastructure around the globe. Moreover, with the rapid modernization of countries and accruing several smart cities, multi-specialty hospitals have made a far-reaching presence even in pastoral areas.

Suture Needles Market Dynamics

Driver:

Proliferating accidental tragedies and chronic ailments are Expected to Boost Product Demand.

• Road accident fatalities have soared in recent years as automobile sales are boosting, ascribing to more purchasing power in the hands of people. 
• According to National Highway Traffic Safety (NHTS) statistics, around 20,160 people have perished in starting months of 2021 in the U.S. 
• Moreover, approximately a 1-2billion people lose their life due to road catastrophes. 
• Additionally, with the rising population, chronic illnesses are swelling up too. 
• 10-10.5% population of India falls under the category of older people, and the number is anticipated to rise in the foreseeable future. All such factors mentioned above drive the demand for the suture needles market.

Challenge:

Complications associated with suture needles are Anticipated to Hamper Market Growth.

• There are few health complications associated with the suture needles market that is anticipated to obstruct the steady growth of the suture needles market. 
• In many cases suturing may lead to inflammation, Pus, and Inflammation which may trigger people to question the quality of needles. 
• Additionally, bleeding from blood vessels such as arteries and veins may occur in people suffering from obesity. 
• Furthermore, used suture needles are infectious waste, and poor management can set many life-threatening conditions in motion.

Market Regional Analysis:

North America to account for the largest market share during the forecast period.

North America held the largest share of the Suture Needles market in 2020, with a global market share of 35.6%. The growth in this segment is due to factors such as a sport-loving image of countries like the U.S. No one can question the craze regarding sports in the American public. 

Olympic dominance of the U.S. is live proof of this argument. Furthermore, associations like the NCAA (=National College Athletic Association) serve as icing on the cake as it promotes significant sporting competitions on the inter-College level. Additionally, people often travel in personal vehicles due to high purchasing power, increasing the risk of accidental tragedies.

The Asia Pacific is set to be the fastest-growing over 2021-2026. This growth is due to the old-age population and chronic illnesses due to poor sanitation habits and worsening environmental pollution in India and China.

Key Market Players

Key Players in the Global Suture Needles Market consist of 

• Roboz Surgical Instrument
• Medtronic
• Aurolab
• Bear Medic Corporation
• Smith & Nephew
• Teleflex Incorporated
• Burtons Medical Equipment
• Futura Sugicare
• Johnson & Johnson Medical

Recent Developments:

On October 7, 2020, US-based multinational company Johnson & Johnson, which manufacture medical products, announced that it has successfully acquired "Momenta Pharmaceutical, Inc." a biotechnology company in Massachusetts. 

A payment of $6.5 billion is made to Momenta by pharmaceutical giant Johnson & Johnson. The acquisition now confers J&J rights to anti-FcRn antibody nipocalimab, which was fabricated by Momenta pharmaceuticals.

Report Coverage and Scope

The report "Global Suture Needles Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

Market Segmentation

By Tip Type

• Eyed needles
• Eyeless needles

By Application

• Cardiovascular Surgeries
• General medical procedures

By Shape

• Straight
• Triangular/Cutting body
• Curved needles
• Compound
• Half curve

By End-user

• Hospitals
• Health centers
• Clinics

By Geography

• North America
• Europe
• APAC
• RoW 

Chapter 1 Suture Needles Market Overview

1.1 Product Overview and Scope of Suture Needles

1.2 Suture Needles Market Segmentation By Tip Type

1.2.1 Eyed needles

1.2.2 Eyeless needles

1.3 Suture Needles Market Segmentation By End User

1.3.1 Hospitals

1.3.2 Health centers

1.3.3 Clinics

1.4 Suture Needles Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of Suture Needles (2015-2027)

Chapter 2 Global Economic Impact on Suture Needles Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Suture Needles Market Competition by Manufacturers

3.1 Global Suture Needles Production and Share by Manufacturers (2021 and 2021)

3.2 Global Suture Needles Revenue and Share by Manufacturers (2021 and 2021)

3.3 Global Suture Needles Average Price by Manufacturers (2021 and 2021)

3.4 Manufacturers Suture Needles Manufacturing Base Distribution, Production Area and Product Type

3.5 Suture Needles Market Competitive Situation and Trends

3.5.1 Suture Needles Market Concentration Rate

3.5.2 Suture Needles Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Suture Needles Production, Revenue (Value) by Region (2015-2021)

4.1 Global Suture Needles Production by Region (2015-2021)

4.2 Global Suture Needles Production Market Share by Region (2015-2021)

4.3 Global Suture Needles Revenue (Value) and Market Share by Region (2015-2021)

4.4 Global Suture Needles Production, Revenue, Price and Gross Margin (2015-2021)

4.5 North America Suture Needles Production, Revenue, Price and Gross Margin (2015-2021)

4.6 Europe Suture Needles Production, Revenue, Price and Gross Margin (2015-2021)

4.7 China Suture Needles Production, Revenue, Price and Gross Margin (2015-2021)

4.8 Japan Suture Needles Production, Revenue, Price and Gross Margin (2015-2021)

4.9 Southeast Asia Suture Needles Production, Revenue, Price and Gross Margin (2015-2021)

4.10 India Suture Needles Production, Revenue, Price and Gross Margin (2015-2021)

Chapter 5 Global Suture Needles Supply (Production), Consumption, Export, Import by Regions (2015-2021)

5.1 Global Suture Needles Consumption by Regions (2015-2021)

5.2 North America Suture Needles Production, Consumption, Export, Import by Regions (2015-2021)

5.3 Europe Suture Needles Production, Consumption, Export, Import by Regions (2015-2021)

5.4 China Suture Needles Production, Consumption, Export, Import by Regions (2015-2021)

5.5 Japan Suture Needles Production, Consumption, Export, Import by Regions (2015-2021)

5.6 Southeast Asia Suture Needles Production, Consumption, Export, Import by Regions (2015-2021)

5.7 India Suture Needles Production, Consumption, Export, Import by Regions (2015-2021)

Chapter 6 Global Suture Needles Production, Revenue (Value), Price Trend by Type

6.1 Global Suture Needles Production and Market Share by Type (2015-2021)

6.2 Global Suture Needles Revenue and Market Share by Type (2015-2021)

6.3 Global Suture Needles Price by Type (2015-2021)

6.4 Global Suture Needles Production Growth by Type (2015-2021)

Chapter 7 Global Suture Needles Market Analysis by Application

7.1 Global Suture Needles Consumption and Market Share by Application (2015-2021)

7.2 Global Suture Needles Consumption Growth Rate by Application (2015-2021)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Suture Needles Manufacturing Cost Analysis

8.1 Suture Needles Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labour Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Suture Needles 

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Suture Needles Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Suture Needles Major Manufacturers in 2021

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Suture Needles Market Forecast (2021-2027)

12.1 Global Suture Needles Production, Revenue Forecast (2021-2027)

12.2 Global Suture Needles Production, Consumption Forecast by Regions (2021-2027)

12.3 Global Suture Needles Production Forecast by Type (2021-2027)

12.4 Global Suture Needles Consumption Forecast by Application (2021-2027)

12.5 Suture Needles Price Forecast (2021-2027)

Chapter 13 Appendix