What is Global Sutures Needle Market?
The Global Sutures Needle Market is a vast and dynamic sector that encompasses a wide range of products used in various medical procedures. These needles are essential tools in the medical field, used to sew wounds or incisions closed after surgery. The market for these products is global, meaning they are produced and sold worldwide. The value of this market was estimated to be around US$ 1429 million in 2022. This figure is expected to increase to US$ 1912.5 million by 2029, indicating a steady growth in the sector. This growth is projected to occur at a Compound Annual Growth Rate (CAGR) of 4.2% from 2023 to 2029.
Corner Needle, Shovel Needle, Straight Needle, Round Needle, Other in the Global Sutures Needle Market:
The Global Sutures Needle Market is dominated by a few key players, with the top five manufacturers holding about 65% of the market share. This indicates a high level of concentration in the market, with a few companies controlling a significant portion of the market. The largest market for these products is North America, which accounts for about 35% of the total market. Europe follows closely behind, with about 30% of the market share.
Hospital, Clinic, ASCs in the Global Sutures Needle Market:
In terms of product types, the Global Sutures Needle Market is segmented into Corner Needle, Shovel Needle, Straight Needle, Round Needle, and others. The Round Needle segment is the largest, accounting for about 40% of the market. Each of these product types has its own unique features and applications, making them suitable for different types of surgeries and medical procedures.
Global Sutures Needle Market Outlook:
The Global Sutures Needle Market finds its applications in various areas such as hospitals, clinics, and Ambulatory Surgical Centers (ASCs). In hospitals, these needles are used in a wide range of surgeries, from minor procedures to major operations. Clinics also use these needles for minor surgeries and procedures. ASCs, on the other hand, are specialized facilities that perform surgeries that do not require hospital admission. They also use these needles for their procedures. The usage of sutures needles in these areas is crucial as they help in wound closure, reducing the risk of infection, and promoting faster healing.
| Report Metric | Details |
| Report Name | Sutures Needle Market |
| Accounted market size in 2022 | US$ 1429 in million |
| Forecasted market size in 2029 | US$ 1912.5 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, Teleflex, Hu-Friedy, Peters Surgical, Shanghai Jinhuan, Aurolab, WEIHAI WEGO, FSSB, Kono Seisakusho, DemeTech, Dolphin (Futura Surgicare), Gore Medical, Unik Surgical Sutures MFG |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
