Market Forecast by Countries (United States, Canada), By Type (Round Bodied Needle, Blunt Point Needle, Reverse Cutting Needle, Conventional Cutting Needle, Spatula Needle, Tapercut Needle), By Application (Hospital, Clinics, Ambulatory Surgical Centres, Others) And Competitive Landscape
Product Code: ETC404044 | Publication Date: Aug 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Suture Needles Market |
Forecast period | 2024-2030 |
CAGR | 6.5% |
Growing Sector | Healthcare |
The North America Suture Needles Market report thoroughly covers the market by Countries, Type, and Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America Suture Needles Market is expected to experience significant growth in the forecast period due to advancements in technology leading to better designs and materials. The market is driven by the rising demand for surgical procedures, the increasing prevalence of chronic diseases, and a growing geriatric population.
According to 6Wresearch, the North America Suture Needles Market size is expected to grow at a significant CAGR of 6.5% during 2024-2030. The growing demand for minimally invasive procedures along with the rising prevalence of chronic diseases are major drivers of this market. As suture needles are an essential component in surgical procedures, their demand is expected to increase. Additionally, advancements in technology have led to the development of new and improved suture needles that offer better precision, ease of use, and reduced tissue trauma. This has further fueled the demand for these products in the region.
However, there are also some challenges that may hinder the growth of the North America suture needles market. The high cost associated with these specialized needles, and the increasing popularity of alternative wound closure methods such as adhesives and staples, pose a threat to the market. Furthermore, strict regulations and guidelines for medical devices in North America also impact the market growth by limiting the entry of new players and products.
The North America Suture Needles Market is a highly competitive market with several players operating in the region. Some of the leading players in this market include Ethicon Inc., B. Braun Melsungen AG, Medtronic Plc, Smith & Nephew plc, Boston Scientific Corporation, and Teleflex Incorporated among others. These companies are constantly striving to develop technologically advanced and innovative suture needles to cater to the growing demand for minimally invasive surgeries in the region. The rising prevalence of chronic diseases and increasing surgical procedures are driving the growth of these players in the market.
The North America Suture Needles Market is subject to various government regulations and initiatives aimed at ensuring patient safety, product quality, and industry standards. In the United States, the Food and Drug Administration (FDA) regulates the manufacturing, marketing, and distribution of medical devices including suture needles. The FDA also has guidelines for proper labelling, sterilization methods, and adverse event reporting for these products. Additionally, in Canada, Health Canada oversees the regulation of medical devices in the market through their Medical Devices Regulations (MDR).
The North America Suture Needles Market is expected to witness significant growth in the coming years due to factors such as the increasing prevalence of chronic diseases, rising demand for minimally invasive surgeries, and technological advancements in suture needle design. With the growing adoption of robotic-assisted surgeries and the demand for biodegradable suture materials, there is a huge potential for market growth in this region. Additionally, increasing investment in healthcare infrastructure and rising awareness about advanced surgical procedures are also likely to contribute to the market's growth.
According to Ravi Bhandari, Research Head, 6Wresearch, the United States is currently dominating the market due to its advanced healthcare infrastructure and high demand for surgical procedures.
In terms of type, the reverse cutting needles are projected to experience the highest growth rate due to their precision and versatility in various surgical procedures.
Based on the Application, ambulatory surgical centers are also expected to witness substantial growth in the coming years, as they offer cost-effective and convenient options for surgeries.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Suture Needles Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Suture Needles Market Revenues & Volume, 2020 & 2030F |
3.3 North America Suture Needles Market - Industry Life Cycle |
3.4 North America Suture Needles Market - Porter's Five Forces |
3.5 North America Suture Needles Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Suture Needles Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 North America Suture Needles Market Revenues & Volume Share, By Form, 2020 & 2030F |
4 North America Suture Needles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Suture Needles Market Trends |
6 North America Suture Needles Market, 2020 - 2030 |
6.1 North America Suture Needles Market, Revenues & Volume, By Type, 2020 - 2030 |
6.2 North America Suture Needles Market, Revenues & Volume, By Application, 2020 - 2030 |
7 United States Suture Needles Market, 2020 - 2030 |
7.1 United States Suture Needles Market, Revenues & Volume, By Type, 2020 - 2030 |
7.2 United States Suture Needles Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Canada Suture Needles Market, 2020 - 2030 |
8.1 Canada Suture Needles Market, Revenues & Volume, By Type, 2020 - 2030 |
8.2 Canada Suture Needles Market, Revenues & Volume, By Application, 2020 - 2030 |
9 North America Suture Needles Market Key Performance Indicators |
10 North America Suture Needles Market - Opportunity Assessment |
10.1 North America Suture Needles Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Suture Needles Market Opportunity Assessment, By Type, 2020 & 2030F |
10.3 North America Suture Needles Market Opportunity Assessment, By Application, 2020 & 2030F |
11 North America Suture Needles Market - Competitive Landscape |
11.1 North America Suture Needles Market Revenue Share, By Companies, 2023 |
11.2 North America Suture Needles Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |