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Suture Needle Market - Technological Advancements, Evolving Industry Trends and Insights with Growing CAGR of 3.1% during 2018 – 2023
The Global Suture Needles Market is expected to grow at a CAGR of 3.1% during the forecast period 2017-2023.Suture Needles Market - Key Players
Some of key the players in the market are 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.
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Suture Needles Market - Overview
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. 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.
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 across the globe is also fueling the market growth. A study published in the International Journal of Contemporary Pediatrics in 2016, stated that during 2014-2016, 195 children were admitted due to road traffic accident in India and around 6.7% went through surgical procedure for simple injury and 93.3% for complex injury.
However, easy availability of alternatives and increasing incidence of needle stick injuries may hinder the growth of the market over the forecast period. According to a report suggested by the WHO, needle stick and sharp injuries are responsible for 16,000 cases of hepatitis C, 1000 cases of HIV infection, and 66,000 cases of hepatitis B among healthcare workers worldwide.
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Suture Needles Market - 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.
Suture Needles Market - Intended Audience
• Medical Devices Companies
• Hospitals & Clinics
• Research and Development (R&D) Companies
• Government Research Institute
• Academic Institutes and Universities
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Some of Major Table of Contents for Suture Needle Market Research Report- Global Forecast till 2023
1 REPORT PROLOGUE
2 MARKET INTRODUCTION
2.1 Research Objective
2.2 Assumptions & Limitations
2.2.1 Assumptions
2.2.2 Limitations
2.3 Market Structure
3 RESEARCH METHODOLOGY
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 MARKET DYNAMICS
LIST OF TABLES
TABLE 1 GLOBAL SUTURE NEEDLES MARKET BY SHAPES USD MILLION 2014 – 2023
TABLE 2 GLOBAL SUTURE NEEDLES MARKET FOR STRAIGHT SHAPED NEEDLES USD MILLION 2014 – 2023
TABLE 3 GLOBAL SUTURE NEEDLES MARKET FOR J SHAPE NEEDLES USD MILLION 2014 – 2023
LIST OF FIGURES
FIGURE 1 GLOBAL SUTURE NEEDLES MARKET BY SHAPE, 2016 (%)
FIGURE 2 GLOBAL SUTURE NEEDLES MARKET, BY TYPE, 2016 (%)
FIGURE 3 RESEARCH PROCESS
Continued….
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