What is Global Surgical Needle Market?
The Global Surgical Needle Market is a vast and dynamic sector that plays a crucial role in the medical industry. It refers to the worldwide market of surgical needles, which are essential tools used by surgeons during operations to suture wounds or to stitch tissues together. These needles come in various shapes and sizes, each designed for specific surgical procedures. The market encompasses the production, distribution, and sales of these surgical needles on a global scale. It involves numerous manufacturers, suppliers, and healthcare institutions that purchase and utilize these surgical needles. The market's value is determined by the demand for surgical needles, which is influenced by factors such as the prevalence of diseases requiring surgery, advancements in surgical procedures, and the global health expenditure. As of now, the market is experiencing growth due to the increasing number of surgeries being performed worldwide. However, the market also faces challenges such as stringent regulatory policies and the risk of needlestick injuries among healthcare workers. Despite these challenges, the Global Surgical Needle Market continues to evolve and adapt to the changing needs of the medical industry.
5/8 Circle, 1/4 Circle, 3/8 Circle, 1/2 Circle, Other in the Global Surgical Needle Market:
The Global Surgical Needle Market is segmented based on the shape of the surgical needles, namely 5/8 Circle, 1/4 Circle, 3/8 Circle, 1/2 Circle, and others. Each of these segments caters to different surgical needs. The 5/8 Circle needles are commonly used in procedures requiring deep suturing, while the 1/4 Circle needles are ideal for superficial suturing. The 3/8 Circle needles are typically used in ophthalmic procedures, and the 1/2 Circle needles are versatile and can be used in various surgical procedures. The 'Other' segment includes needles with unique shapes designed for specific surgical applications. Each of these segments contributes to the overall value of the Global Surgical Needle Market. The market dynamics of these segments are influenced by factors such as the type of surgeries being performed, the preference of surgeons, and the development of new surgical techniques.
Hospital, Clinic, Other in the Global Surgical Needle Market:
The Global Surgical Needle Market finds its application in various healthcare settings such as hospitals, clinics, and others. In hospitals, surgical needles are used in a wide range of procedures, from minor surgeries to major operations. They are essential in performing surgeries such as appendectomies, cesarean sections, and heart surgeries. In clinics, surgical needles are used in procedures such as wound suturing and minor surgical interventions. The 'Other' segment includes settings such as nursing homes and home healthcare, where surgical needles are used for procedures like wound care and minor surgeries. The usage of surgical needles in these settings is determined by factors such as the nature of the healthcare service provided, the type of surgeries performed, and the healthcare infrastructure available.
Global Surgical Needle Market Outlook:
The Global Surgical Needle Market is a thriving sector with a promising future. As per the market outlook, the market was valued at US$ 1457.8 million in 2022. It is projected to reach a value of US$ 1951 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for surgical needles due to the rising number of surgeries worldwide. The market is dominated by the top five manufacturers, who collectively hold a market share of over 60%. This indicates a high level of market concentration, with these manufacturers playing a significant role in shaping the market dynamics. In terms of product segmentation, the 1/2 Circle segment holds the largest market share of over 30%. This suggests that 1/2 Circle surgical needles are the most widely used type of surgical needles, owing to their versatility and applicability in various surgical procedures.
| Report Metric | Details |
| Report Name | Surgical Needle Market |
| Accounted market size in 2022 | US$ 1457.8 million |
| Forecasted market size in 2029 | US$ 1951 million |
| CAGR | 4.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Johnson & Johnson, Medtronic, B Braun, Medline, Smith & Nephew, Peters Surgical, Feuerstein, Sutures India, SERAG-WIESSNER, Internacional Farmacéutica, Aspen Surgical, Wego, Unimed, Resorba, Assut Medical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
