Suture Needle Market 2018 – 2023 Projected to Grow Radiantly by Top Players Revenue and Growth Rate

Market Scenario:

Suturing is a technique used to close cutaneous wounds. The prime goals of this technique includes closing dead spaces, reducing the risks of bleeding, strengthening wounds until healing, and making skin aesthetically pleasing. Various type of suture needles are available in the market such as taper point needle, spatula needle, coronar tip needle, taper cutting, triangle needle, and others. Sometimes, the principle of choosing a suture needle also depends on the type of tissue. For instance, taper point needles are usually preferred to suture tissues that are effortless to penetrate whereas taper cut or cutting needles are used for hard tissues.

However, easy availability of alternatives and increasing incidence of needle stick injuries may hinder the growth of the market over the forecast period. According to a report suggested by the WHO, needle stick and sharp injuries are responsible for 16,000 cases of hepatitis C, 1000 cases of HIV infection, and 66,000 cases of hepatitis B among healthcare workers worldwide.

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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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.

Intended Audience:                                                                                       

·         Medical Devices Companies

·         Hospitals & Clinics

·         Research and Development (R&D) Companies

·         Government Research Institute

·         Academic Institutes and Universities

Key Players in the North Americas CBCT dental imaging Market 

Some of the major players in this market are Carestream Health (U.S.), Dentsply Sirona (U.S.), FONA Dental, S.R.O. (Slovak Republic), Gendex (U.S.), Imaging Sciences International, LLC (U.S.), J. Morita MFG.CORP. (Japan), KaVo Dental GmbH (Germany), NewTom (Italy), Planmeca OY (Finland), Prexion (U.S.), Sinclair Dental/Dentaire (Canada), SOREDEX (Finland), Vatech Networks (Republic of Korea), Cefla North America (U.S.), Owandy Radiology (France), Villa Radiology Systems (Italy) Danaher Corporation (U.S.), Hitachi Medical Systems (Japan), and others

Key Findings:

The global suture needles market is expected to reach USD 3,809.4 million by 2023 at a CAGR of 3.1%.

On the basis of the shape, the straight needles segment is expected to command the largest market share of 25.4% over the review period and half curved needle is expected to grow at the fastest CAGR of 3.5% during the forecast period 2017-2023

The Americas hold the largest share of the global suture needles market and is expected to reach USD 1,291.6 million by 2023

Asia Pacific is the fastest growing market, which is expected to grow at a CAGR of 3.4% over the 2017-2023

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.

The Middle East and Africa holds the least share of the market owing to the presence of poor and slow developing countries, especially, in African region.

                                                                                                                     

Key Players:

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.

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Table of Content:

1  REPORT PROLOGUE

2  MARKET INTRODUCTION

2.1 Research Objective 13

2.2 Assumptions & Limitations 13

2.2.1 Assumptions 13

2.2.2 Limitations 13

2.3 Market Structure 14

3  RESEARCH METHODOLOG

3.1 Research Process 15

3.2 Primary Research 16

3.3 Secondary Research 16

3.4 Market Size Estimation 16

4  MARKET DYNAMICS

4.1 Introduction 18

4.2 Drivers 19

4.2.1 Increasing Number Of Surgical Procedures (Impact Factor: 60%) 19

4.2.2 Favorable Reimbursement Scenario For A Number Of Surgical Procedures (Impact Factor: 40%) 20

TOC Continued…!

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