Suture Needles Market Expected To Grow Consistently with CAGR of 6.5% Americas Forecasts till 2023

in #suture7 years ago

The Americas Suture Needles Market is expected to grow at a steady CAGR of 6.5% during the forecasted period. Various types of suture needles used in number of surgical procedures, which are made of steel, have blunt or sharp points, and can be curved or straightened. Available as round-bodied needles, they pierce and spread the tissues with minimal cutting.

They are used to easily penetrate tissues like peritoneum and abdominal viscera. Blunt and round body needles are used to dissect through friable tissues like liver and kidney. The primary use of needle is to pass through tough tissues with minimal trauma and tissue reactions.

Different types of needles are required for a particular surgical procedure, which increase their demand in hospitals. Moreover, most surgeons prefer specific types of needles based on their application, for instance, needles required for suturing after laparoscopic and bariatric surgery are different from those required for an ophthalmic surgery. The increasing number of surgeries will boost the market growth.

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On the other hand, many healthcare professionals have started using surgical staplers for suturing especially in super specialty hospitals and tertiary care centres, which may reduce the demand for suture needles over the review period.

The Americas Suture Needles Market is expected to grow at a steady CAGR of 6.5% during the forecasted period.

Suture Needles Market Key players

3M (U.S.)

Roboz Surgical Instrument Co. (U.S.)

Hu-Friedy Mfg. Co., LLC (U.S.)

TNI medical AG (Germany)

Ethicon US, LLC. (U.S)

Dealmed Medical Supplies LLC (U.S.)

Karl Hammacher (Germany)

H&H Medical Corporation (U.S.)

Stryker Corporation (U.S.)

BD (U.S.)

Allen Medical Systems (U.S.)

Leica Microsystems Inc. (U.S.)

Suture Needles Market Regional Analysis

On the basis of region, the Americas Suture Needles Market is divided into North America and South America. North America consists of the U.S and Canada. It is the largest market of suture needles, which is expected to grow at a CAGR of 6.5% during the forecast period of 2017-2023.

Increasing demand for outpatient surgeries and the increasing number of bariatric and ophthalmic surgeries in hospitals favour the growth of this market in the US. Maintaining an adequate supply of surgical equipment is particularly important to cope up with the rising demand for the surgeries. Use of advance technology in the manufacturing of surgical equipment is also increasing the growth of the market.

North America is experiencing rapid growth due to increasing demand for blunt point needles and taper cut needles owing to increasing prevalence of lifestyle diseases like obesity and diabetes.

South America exhibits an increase in the demand for suture needles, which are required for laparoscopic surgeries.

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Suture Needles Market Segmentation

The Americas Suture Needles Market is segmented on the basis of type of needle, needle end type, and end user. On the basis of type of needle, the market is segmented into round bodied needle, blunt point needle, reverse cutting needle, conventional cutting needle, spatula needle, tapercut needle, and others.

On the basis of needle end type, it is segmented into eyed and eyeless. On the basis of end user, the market is segmented into hospital, clinics, ambulatory surgical centres and others.

Key Questions Answered In This Report:

What will the market size and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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The report for the Americas Suture Needles Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.

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