Suture Needle Market

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 upon the type of tissue. For instance, taper point needles are usually preferred to suture tissues that are effortless to penetrate whereas tapercut or cutting needles are used for hard tissues.

Notably, rising number of surgical procedures and favourable reimbursement scenario for a number of surgical procedures are promoting the growth of suture needles market globally. Road accidents have found to be responsible for rising surgical procedures and occurrence of wounds due to injuries. For instance, according to a study published in the Journal of Injury and Violence Research in 2017, it is found that low and middle-income countries bear the major burden of road traffic incidents worldwide.

Despite these drivers, there are some issues associated with suture needles market. Increasing incidence of needle stick injuries and easy availability of alternatives may hinder the growth of market.

Geographically, Americas region is commanding the largest market share owing to the improvement in reimbursement policies and rising healthcare expenditure. According to the American Medical Association, Medicare has made various significant amendments in Ambulatory Surgery Center payment system (ASC).

The global suture needles market is expected to reach USD 3,809.4 million by 2023 from USD 3,076.5 million in 2016. This market is expected to grow at a stable CAGR of 3.1% during the forecast period 2017-2023.

On the basis of shape, the global suture needles market is classified into straight, j shape, compound curve, half curved, and others. In 2016, straight needles segment commanded the largest market share of 25.4% and half curved needle is expected to grow at a fastest CAGR of 3.5% during the forecast period 2017 to 2023.

On the basis of type, the global suture needles market is classified into eyed and eyeless. Eyeless segment commanded the largest market share of 55.7% in 2016, and this segment is also expected to grow at a fastest CAGR of 3.4% during the forecast period 2017 to 2023.