Suture Needle Market Growth, Trends, 12 Company Profiles And 2023 Future Market Analysis 2020
Global Suture Needle Market Research Report: Information by Shapes (Straight Shaped Needles, J Shape Needles, Compound Curve Shaped Needles and Half Curved), Types (Eyed Needles and Eyeless), End Users (Ambulatory Surgical Centers, Hospital, Clinics and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2023
Market
Highlights
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.
There are more benefits associated with eyeless needles over the eyed needle
such as an eyeless needle is for single use which avoids the loss of sharpness.
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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, favorable reimbursement scenario, rising geriatric
population, and technological improvements are the key factors driving the
suture needles market.
However, easy availability
of alternatives and increasing incidence of needlestick injuries may hinder the
growth of the market to an extent.
The global suture needles
market is expected to grow at a CAGR of 3.1% during the forecast period
2017-2023.
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market information presented through more than 296 market data tables and
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report–Global forecast till 2023.”
Key Players in the Suture
Needles Market
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.
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.
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The report for Global 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.
Segmentation
The global suture needles
market is segmented on the basis of shape, type, and end-users.
On the basis of the shape,
the market is classified into straight shaped needles, j shape needles,
compound curve shaped needles, half curved, and others.
On the basis of the type,
the market is segmented into eyed, and eyeless needles.
On the basis of the end
-users, the market is segmented into ambulatory surgical centers, hospital, and
clinics, and others.
TOC:
1.
Report Prologue
2. Market
Introduction
2.1
Definition
2.2 Scope of the
Study
2.2.1
Research Objective
2.2.2
Assumptions
2.2.3
Limitations
3. Research
Methodology
3.1 Introduction
3.2 Primary
Research
3.3 Secondary research
3.4 Market Size
Estimation
TOC…Continued
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