Suture Needles Market Major Industry Growth Boosters, Segmentation and Future Revenue

The Global Suture Needles Market size was valued at USD 588.13 Million in 2023 and the total Suture Needles Market revenue is expected to grow at a CAGR of 5.77 % from 2024 to 2030, reaching nearly USD 840.9 Million.

Suture Needles Market Overview

Suture needles are essential medical instruments used to suture or stitch wounds and incisions during surgical procedures. These needles, typically made from high-grade stainless steel, nickel, or titanium, come in various sizes, shapes, and configurations to cater to different surgical needs. The type of suture needle selected depends on the tissue involved, with taper point needles preferred for soft tissues and cutting or taper cut needles used for harder tissues.

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Dynamics of the Suture Needle Market

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 enhanced suture needles, which assist minimize incision size and enhance patient outcomes, is rising along with the demand for procedures. 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 orthopedic problems. 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 Organization (WHO), chronic illnesses will be the primary cause of mortality worldwide in 2022, making for 71% of all fatalities.

Suture Needles Market Segmentation

by Shape

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

by Type

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

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.

by End-User

Hospitals and Clinics
Ambulatory Surgical Centres
Diagnostic Centre

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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

Suture Needles Market Regional Insights

Asia Pacific: Expected to grow at the fastest CAGR during the forecast period, driven by a large patient pool, rising healthcare spending, and increasing prevalence of chronic diseases. Key countries contributing to this growth include China, India, and Japan.

Europe: Significant market presence due to an aging population, rising surgical procedures, and advancements in suture needle technology. Major markets include Germany, France, and the United Kingdom.

Recent Developments:

Medtronic (March 2022): Announced a partnership with Vizient for an AI-powered video management system to enhance surgical team access to procedural videos.

B. Braun and REVA Medical (November 2021): Formed a strategic partnership for distributing the Fantom encore bioresorbable scaffold for coronary intervention in Germany and Switzerland.

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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Key questions answered in the Suture Needles Market are:

What is Suture Needles?
What was the Suture Needles market size in 2023?
What is the growth rate of the Suture Needles Market?
Which are the factors expected to drive the Suture Needles market growth?
What is the CAGR at which the Suture Needles market will grow during the forecast period?
What are the different segments of the Suture Needles Market?
Which is the fastest-growing region in the Suture Needles Market?
What segments are covered in the Suture Needles Market?
Who are the key players in the Suture Needles Market?
What growth strategies are the players considering to increase their presence in Suture Needles?
What are the upcoming opportunities and trends for the Suture Needles Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Suture Needles Market?
Who are the leading companies and what are their portfolios in Suture Needles Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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