The global surgical needle market size was significantly large in 2022, and is expected to continue to register a rapidly inclining revenue CAGR between 2023 and 2032. Key factors responsible for driving market revenue growth are increasing need of procedures to treat chronic cardiovascular disorders, high demand for wound closure treatment, rising number of surgeries, and surging prevalence of trauma injuries & accidents. At the same time, increasing adoption of advanced technologies in surgeries and higher number of surgical procedures performed globally would drive market growth.
Surgical needles are used to implant sutures in tissues, hence they must be constructed to deliver suture material through tissues as efficiently as possible. Surgical needles should be rigid enough to resist bending, flexible enough to bend without breaking, and sharp enough to penetrate tissues with minimum resistance. To avoid the invasion of bacteria or other contaminants into the wound, the surgical needle must be corrosion-resistant and sterile. Other qualities of the surgical needle include being able to convey suture material through tissue with minimal stress, being slender, and being stable in the grasp of a needle holder.
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Major Factors Driving Growth of the Surgical Needle Market:
Revenue growth of the global surgical needle market is significantly driven by the increasing demand for these needles from various medical practices, especially for suturing. In addition, suturing is the standard treatment method for multiple surgeries, which, in turn, is fueling the market. This is mainly happening owing to the increasing number of road accidents and other casualties. Additionally, surging number of outpatient surgeries, development of technologically advanced suture designs, increasing prevalence of chronic cardiovascular disorders, and high demand for wound closure treatment are some of the other key factors driving the market revenue. Moreover, rising healthcare costs, increasing old age population, higher prevalence of chronic diseases, and unhealthy lifestyles of people are anticipated to accelerate growth.
Factors Restraining Growth of the Global Surgical Needle Market:
The global surgical needle market growth is substantially hampered by several factors. Increasing cases of HIV, Hepatitis C, and Hepatitis B because of the rising usage of infected surgical needles is one of the major restraining factors. Also, the lack of skilled professionals and absence of standards & protocols governing various surgeries would hamper market growth in the near future. Rising number of injuries caused by needle sticks, growing demand for minimally invasive operations, availability of alternative wound care management solutions, and availability of substitutes are anticipated to restrain market growth to some extent.
Opportunities For Players Operating In The Global Surgical Needle Market:
Increasing healthcare infrastructure and rising number of surgeries in developing countries are expected to continue to provide lucrative business opportunities for both established companies and new entrants in the surgical needle market. At the same time, untapped potential in emerging markets and increasing public and private initiatives to support research activities associated with minimally invasive surgical instruments are expected to create lucrative opportunities to support surgical needle market growth going ahead.
Global Surgical Needle Market Revenue Led By Product Type Segment:
Based on product type, the eyed needle segment is expected to experience the largest revenue share over the forecast period. This is attributable to several factors, such as their ability to avoid tissue dragging and tissue damage during surgeries. Additionally, they also prevent suture damage during the procedure.
Global Surgical Needle Market Leading End-use Segment:
Based on end-use, the surgical needle market is segmented into ambulatory surgical centers, hospitals & clinics, and others. The hospitals and clinics segment is expected to lead all other segments in terms of revenue generation over the forecast period. This is attributable to the availability of a large number of surgeries and treatment facilities in hospitals and clinics. Also, the availability of numerous skilled professional surgeons would boost growth of this segment.
North America Accounts For Largest Revenue Share In Global Surgical Needle Market:
Among regional markets, North America is estimated to account for the highest revenue share in the surgical needle market during the forecast period. Increasing funding by governments of developed countries in advanced technologies for developing novel surgical methods, upgraded reimbursement scenarios, and presence of major players are some of the major factors that are likely to propel the surgical needle market growth in this region. Besides, the increasing number of surgeries in this region is anticipated to spur the demand for surgical needles.
Asia Pacific Continues To Lead In Terms Of Revenue CAGR:
The Asia Pacific surgical needle market is expected to register the fastest CAGR over the forecast period mainly due to the rising frequency of road accidents and the rising prevalence of chronic diseases. These are two significant factors expected to drive the surgical needle market growth in the region. Besides, expanding healthcare facilities, enormous patient pool, and rising R&D activities are also expected to boost growth in this region.
Major Companies Profiled In The Report:
- Sklar Surgical Instruments
- Johnson & Johnson Services
- Medline Industries
- Sutures India
- Nordent Manufacturing,
- SOMATEX Medical Technologies GmbH,
- KLS Martin Group
- CareFusion Corporation
- Schweickhardt GmbH & Co. KG
- Eli Lilly and Company
- Sandoz International GmbH (Novartis AG)
- GeneScience Pharmaceuticals Co. Ltd
- Peters Surgical
- Internacional Farmacéutica
- Aspen Surgical
- Assut Medical
What Our Report Provides And Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global surgical needle market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation In Our Report:
For the purpose of this report, global surgical needle market is segmented on the basis of product type, shape, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2023-2032)
- Eyed needle
- Eyeless needle/swage
Shape Outlook (Revenue, USD Billion; 2023-2032)
- Straight shaped needles
- J shape needles
- Compound curve-shaped needles
- Half curved
End-use Outlook (Revenue, USD Billion; 2023-2032)
- Ambulatory surgical centers
- Hospitals and clinics
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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