NEWARK, Del, June 07, 2022 (GLOBE NEWSWIRE) -- As per the latest report published by Future Market Insight, a leading Market Research firm, the Suture Needles Market is valued at US$ 534.7 Mn and is anticipated to reach the valuation of US$ 966.9 Mn by the end of 2032 by growing at a CAGR of 5.5%. Furthermore, the market is expected to offer an absolute dollar opportunity of over US$ 400 Mn in the upcoming 10 years.
The growing number of cardiovascular illnesses and chronic diseases are likely to drive the market leading to an increase in demand for surgeries and Suture Needles. According to the WHO, cardiovascular disorders caused more than 33% of fatalities in 2019. In addition, technological advancements are projected to benefit the global industry.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14767
The market expansion is likely to be driven by Straight Shaped Needles. During the forecast period, it will remain a dominant segment by growing at a CAGR of 5.4% during 2022 - 2032. The straight-body needle is used in stitching tissues that are easily accessible by hand.
Key Takeaways from the Market Study
● The Global Suture Needle Market is currently valued at US$ 534.7 Mn and is expected to reach the valuation of US$ 564.7 Mn by 2022 by growing at annual growth rate of 5.6% during 2021.
● The market for Suture Needle will garner an absolute dollar opportunity of US$ 402.2 Mn in the period between 2022 and 2032.
● The market for Straight Shaped Needles are expected to dominate the market by growing at a CAGR of 5.4%.
● The U.S. market dominates the global market for the Suture Needles with a majority share of over 29% and is expected to increase at a CAGR of 5%
The availability of quick substitutes, suture related side effects, lack of waste management and an increase in the prevalence of needlestick injuries is likely to hamper the market growth, comments a Future Market Insight analyst.
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-14767
Competitive Landscape
The Suture Needle Market is driven by the market players who are expanding their product portfolio by highly investing in the R&D and product development areas. Technological advancements, product upgradation, upliftment of distribution network and expanding M&A activity have all contributed in maintaining the environment competitive.
Some of the prominent companies in the global Suture Needle market are Medtronic, Futura Surgicare Pvt. Ltd., Johnson & Johnson Medical N.V., Aurolab, Natsume Seisakusho Co., Ltd., Alfresa Pharma Corporation, Bear Medic Corporation, SUTUREX & RENODEX, Teleflex Incorporated, Smith & Nephew, Hu-Friedy Mfg. Co., LLC, FSSB Chirurgische Nadeln GmbH, Burtons Medical Equipment Ltd., Advin Health Care, etc.
The key developments in the Suture Needle Market are:
· In March 2022, Medtronic announced partnership with Vizient for AI powered video management system. This will provide Surgical Teams with easy access of procedural videos.
· In November 2020, Smith and Nephew declared that their newly developed Novostitch Meniscal repair system has achieved 82.6% success rate in treating Horizontal Cleavage tears.
Buy Now@ https://www.futuremarketinsights.com/checkout/14767
Market Segments Covered in Suture Needle Market Analysis
By Component:
- Solution
- Agent Based Solution
- Agent Less Solution
- Services
- Support and Maintenance Services
- Training and Consulting Services
By Deployment Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organisation Size:
- Large Enterprises
- SMEs
By Vertical:
- BFSI
- Healthcare
- IT and Telecom
- Government and Defense
- Construction
- Education
- Others
By Region Type:
- North America
- Latin America
- Europe
- APAC
- MEA
Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-14767
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
4. Global Suture Needles Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis…. Full TOC click Here
Have a Look at Related Research Reports of Healthcare
Cosmetic Implants Market Size: Cosmetics Implant Market is Estimated to Grow At a CAGR of 5.8% From 2022 To 2032
Novel Drug Delivery Systems In Cancer Therapy Market Share: Novel Drug Delivery Systems in the Cancer Therapy Market are Anticipated to Have a Thriving CAGR of 19.6% During 2022-2032
Neuroendoscopy Devices Market Trends: Neuroendoscopy Devices Market is Anticipated to Have an Effective CAGR of 7.6% During 2022-2032
Electrosurgery Devices Market Analysis: Electrosurgery Devices Market is expected a strong CAGR of 4.4% between 2022 and 2032
Diabetic Retinopathy Market Outlook: Diabetic Retinopathy Market is likely to grow with an estimated CAGR of 5.8% from 2022 to 2032
Healthcare Biometrics Market Forecast: Healthcare Biometrics Market is anticipated to grow with a CAGR of 18.1% from 2022 to 2032
Hemophilia Treatment Market Sales: Hemophilia Treatment Market is expected to grow at a steady CAGR of 4.8% during 2022-2032
Cell Culture Market Value: Cell Culture Market is likely to surge at a CAGR of 11.9% during the forecast period of 2022 - 2032
In Vitro Fertilization Market Demand: In Vitro Fertilization (IVF) Market is projected to grow at a healthy CAGR of 9.0% during 2022 and 2032
Diabetic Shoes Market Type: Diabetic Shoes Market is projected to grow at a robust CAGR of 6.4% during the forecast period 2022 and 2032
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/suture-needles-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
