Surgical Needle Market Scope
Growing aging population and increasing prevalence of chronic diseases will help to boost global surgical needle market in the forecasted period. Surgical needle is a medical device used to hold body tissues together after an injury or surgery. Rising healthcare expenditure, increasing number of surgeries and burns and increasing number of hospitals. These are driving factors of global market.
The market study is being classified by Type (5/8 Circle, 1/4 Circle, 3/8 Circle, 1/2 Circle and Other), by Application (Ophthalmic Surgery, Cardiovascular Surgery, Orthopedic Surgery, Neurological Surgery and Others) and major geographies with country level break-up.
The Players having a strong hold in the market are Medtronic, Ethicon, B.Braun Melsungen, Boston Scientific, and Smith& Nephew. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Surgical Needle market throughout the predicted period.
Medtronic plc (Ireland), Ethicon, Inc. (United States), B.Braun Melsungen AG (Germany), Boston Scientific Corporation (United States), Smith& Nephew plc (United Kingdom), DemeTECH Corporation (United States), Péters Surgical (France), Sutures India (India), Internacional Farmacéutica (Mexico) and EndoEvolution, LLC. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Apollo Endosurgery, Inc. (United States), Surgical Specialties Corporation (United States) and Mellon Medical B.V. (Netherlands).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Surgical Needle market by Type, Application and Region.
On the basis of geography, the market of Surgical Needle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Filament, the sub-segment i.e. Monovalent will boost the Surgical Needle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Surgical Needle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On September 26, 2018, Ethicon, bariatric surgery equipment has launched of a new comprehensive surgical solution for bariatric revision surgery that encompasses a portfolio of products and professional education and training for managing the challenges of reoperations.
Market Trend
- Increasing Number of Surgical Procedures Due To the Presence of a Large Geriatric Population
- Government Support in Various Countries, And Favorable Reimbursement
Market Drivers
- Increasing Cases of Complicated Surgeries and Invasive Surgical Procedures
- Upsurging Need for Safe Surgical Needles Due to Growing Safety Measures
Opportunities
- Escalating Healthcare Infrastructure across the Emerging Economies
- Growing Number of Surgeries across the Global Population
Restraints
- Increasing Adoption Laser-Based Non-Invasive Surgeries and Minimally Invasive Surgeries will Stagnate the Demand
Challenges
- Safety and Sterilization Concerns on Developing Surgical Needles
- Stringent Manufacturing Regulations with Negligible Tolerance
Key Target Audience
Suppliers and Distributors, Pharmaceuticals Companies, Industry Associations, Government Regulatory Bodies, Government and Private Research Organizations and Others
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