Suture Needles Market Growth Scenario, Trends, Joint Ventures And Business Analysis

Suture Needles Market Report Scope and Research Methodology

Report Scope:

The report provides a comprehensive analysis of the global suture needles market, covering market dynamics, drivers, restraints, segment analysis based on application and shape, regional insights, competitive landscape, and recent developments in the industry.

Research Methodology:

The research methodology employed for this report involved extensive primary and secondary research, incorporating inputs from industry experts, market participants, and key stakeholders. Data triangulation and validation techniques were utilized to ensure the accuracy and reliability of the findings.

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Suture Needles Market Valuation:

The Global Suture Needles Market size reached USD 588.13 Million in 2023 and is anticipated to witness a steady growth trajectory, with the total market revenue expected to achieve approximately USD 840.9 Million by 2030, growing at a CAGR of 5.77% during the forecast period from 2024 to 2030.

Suture Needles Market Dynamics

Growing need for sophisticated suture needles to support market expansion

In contrast to a historical CAGR of 5%, the straight-shaped needles are predicted to propel the suture needle market at a CAGR of 5.7%. The growing prevalence of abdominal surgery and healthcare is responsible for this increase. Tissues that are easily handled by hand are stitched with the straight-body needle. The need for sophisticated suture needles, which help minimise incision size and enhance patient outcomes, is rising along with the demand for surgeries. As a result, cutting-edge suture needles with improved accuracy, effectiveness, and efficiency have been created.

The market is growing due to the rising prevalence of chronic diseases.

One of the main factors driving the suture needle market is the rising prevalence of chronic illnesses like cancer, cardiovascular disease, and orthopaedic disorders. Chronic diseases are long-term ailments that affect a patient's quality of life and necessitate continuous medical care. Surgery is necessary to treat these disorders, which raises the requirement for suture needles and intensifies industry competitiveness. According to the World Health Organisation (WHO), chronic illnesses will be the primary cause of mortality worldwide in 2022, making for 71% of all fatalities. The requirement for suture needles is anticipated to drive the suture needle market during the forecast period due to chronic diseases, the ageing population, and changes in lifestyle factors including food and physical activity.

Suture Needles Market Segmentation

Suture Needles Market , by Shape

Compound-cure Shaped Needles
Straight Shaped Needles
J Shape Needles
Half Curved Needles

Suture Needles Market , by Type

Taper cut Needle
Blunt Point Needle
Reverse Cutting Needle
Round Bodied Needle
Conventional Cutting Needle
Spatula Needle

Suture Needles Market , by Application

Cardiovascular Surgeries
General Surgeries
Gynaecological Surgeries
Orthopaedic Surgeries
Ophthalmic Surgeries
Other Surgeries

The cardiovascular section had the highest revenue share of over 38.23% in 2022 based on application. This is brought on by a rise in the prevalence of cardiovascular illnesses as well as technological advancements in imaging, surgical instruments, and diagnosis. Oral, urological, gastrointestinal, and obstetric surgery are covered in this section. Due to an increase in women experiencing health issues and an increase in the number of obese persons, this group is predicted to develop significantly throughout the projected period.

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Suture Needles Market Key Players

1.B. Braun Melsungen AG
2.Boston Scientific Corporation
3.ConMed Corporation
4.DemeTECH Corporation
5.Healthium MedTech
6.Johnson & Johnson
7.Medtronic Plc.
8.Peters Surgical
9.Surgical Specialties Corporation
10.W. L. Gore & Associates, Inc.
11. Sklar Surgical Instruments
12.Medline Industries
13.Sutures India
14.Nordent Manufacturing,
15.SOMATEX Medical Technologies GmbH,
16.KLS Martin Group
17.CareFusion Corporation
18.Schweickhardt GmbH & Co. KG
19.SERAG-WIESSNER
20.Eli Lilly and Company

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Table of content for the Suture Needles Market includes:

Part 01: Executive Summary

Part 02: Scope of the Suture Needles Market Report

Part 03: Global Suture Needles Market Landscape

Part 04: Global Suture Needles Market Sizing

Part 05: Global Suture Needles Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The global Suture Needles market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Suture Needles Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Suture Needles to bolster military capabilities.

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