Suture Needles Market (By Shape: Compound-cure Shaped Needles, Straight Shaped Needles, J Shape Needle, Half Curved; By Type: Cardiovascular, General Surgery, Orthopedic Procedures, Gynecological Procedures, Veterinary Procedures) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global Suture Needles market size is expected to be worth around US$ 840.9 million by 2030, according to a new report by Vision Research Reports.

The global Suture Needles market size was valued at US$ 479.8 million in 2020 and is anticipated to grow at a CAGR of 6.2% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

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.

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.

By Shape Analysis

Straight-shaped needles accounted for the largest revenue share of over 40.0% in 2020. The segment growth can be linked to the increasing popularity of abdominal surgery and rhinoplasty. 

The half-curved needle segment is expected to grow at a rapid pace over the forecast period. This is because a half-curved needle follows a predictable course through tissue and takes up less space than a straight needle.

By Type Analysis

Tapercut needle accounted for the largest revenue share of over 35.0% in 2020. The taper-point needle is used to puncture easily penetrated tissues (such as subcutaneous layers, dura, peritoneum, and abdominal viscera) while minimizing fascia tearing, which is anticipated to boost the demand for suture needles.

The blunt point needle segment is expected to grow at a rapid pace over the forecast period. Blunt point needle is recommended as an alternative to taper point needles as it significantly decreases the risk exposures during surgical procedures and can be used in place of traditional curved needles, which is projected to fuel the market expansion in the near future.

By Application Analysis

The cardiovascular segment accounted for the largest revenue share of over 35.0% in 2020. This is due to an increase in the frequency of cardiovascular diseases and technical breakthroughs in diagnosis, surgical equipment, and imaging.

The others segment includes gastrointestinal surgery, obstetrics surgery, urology, and oral surgery. This category is expected to grow significantly over the projected period due to an increase in the number of women's health difficulties and an increase in the number of obese people.

By Regional Analysis

North America dominated the market with a revenue share of over 36.0% in 2020 owing to the high prevalence of cardiovascular illnesses and the high rate of adoption of minimally invasive treatments for cardiovascular and orthopedic diseases, which currently account for more than one-third of all deaths in the United States. 

Asia Pacific is expected to expand at the highest CAGR of 6.8% from 2021 to 2030, owing to factors such as the introduction of technologically superior products as a result of market participants’ investments in the region, rising consumer disposable income, and a large volume of surgeries.

the Asia Pacific region's major markets are China, Japan, and India. The important element driving the market in emerging countries is the increase in the number of surgical procedures and medical tourism. As a result, market growth is likely to accelerate in the near future.

Key Players

• 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

Market Segmentation

• By Shape 

  • Compound-cure Shaped Needles

  • Straight Shaped Needles

  • J Shape Needle

  • Half Curved

• By Type

  • Tapercut Needle

  • Blunt Point Needle

  • Reverse Cutting Needle

  • Round Bodied Needle

  • Conventional Cutting Needle

  • Spatula Needle

• By Application 

  • Cardiovascular

  • General Surgery

  • Orthopedic Procedures

  • Gynecological Procedures

  • Veterinary Procedures

  • Others

• Regional 

  • 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

The Suture Needles market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Suture Needles market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Suture Needles market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Suture Needles market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Suture Needles market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Suture Needles capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Suture Needles by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Suture Needles market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Suture Needles market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Suture Needles market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Suture Needles industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Suture Needles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Suture Needles market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Suture Needles market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Suture Needles market. These factors have benefited the growth of the global market for Suture Needles. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Suture Needles. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Suture Needles are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.