Sutures Needle Market Size, Share, Trends, Growth, Forecast Analysis Report By P

Posted by shriya on June 2nd, 2021

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 2027

Market Insights:

Market Research Future (MRFR)’s study reveals that the Americas suture needles market is set to expand at a healthy CAGR of 6.5% during the forecast period. The developments in the healthcare sector have motivated the medical device manufacturers to develop their product portfolios. Suture needles market has witnessed the widening of the range of product offerings such as a blunt needle, round-bodied needle, etc. for keeping up with the medical advancements. This, in turn, has propelled the growth of the market and is likely to continue impacting the suture needles market expansion positively.

The market looks attractive at present and is likely to flourish over the next couple of years. Some of the factors responsible for catapulting the market on an upward trajectory include rising healthcare expenditure, increasing innovations in the healthcare sector, the large-scale prevalence of chronic diseases, and increasing count of health care service centers, among others.  However, the shift towards surgical staplers for suturing, especially in the super specialty healthcare centers, is a major factor expected to hold the growth of the suture needles market during the assessment period.

Regional Outlook:

By region, the Americas suture needles market has been segmented into North America and South America. North America accounts for a major share of the Americas market and is likely to retain its pole position through the forecast period. The region is estimated to strike a CAGR of 6.5% over the assessment period. The U.S. and Canada are projected to propel the suture needles market proliferation over the next couple of years. Rising demand for outpatient surgeries as well as the increasing count of bariatric and ophthalmic surgeries are prognosticated to influence the growth of the U.S. market in the coming years.

Competitive Dashboard:

Some of the key players profiled in this report are 3M (U.S.), TNI medical AG (Germany), Roboz Surgical Instrument Co. (U.S.), Ethicon US, LLC. (U.S), Hu-Friedy Mfg. Co., LLC (U.S.), Karl Hammacher (Germany), Dealmed Medical Supplies LLC (U.S.), Stryker Corporation (U.S.), H&H Medical Corporation (U.S.), Allen Medical Systems (U.S.), BD (U.S.), and Leica Microsystems Inc. (U.S.).

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Akash Anand

Market Research Future

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Joined: May 18th, 2021
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