The Asia Pacific suture needles market Research Report provides detailed analysis of the key regional market status of the Healthcare Industry.
The Asia Pacific Suture Needles Market is expected to grow at a CAGR of approximately 7.5% during the forecast period 2017-2023.
Suture needle is used for the placement of the suture within the tissue by carrying the material with minimal residual trauma. An ideal suture needle should be rigid enough to avoid distortions, and flexible enough to bend before breaking. There are various types of suture needles used in a number of surgical procedures. They are made of steel, have blunt or sharp points, and can be curved or straight. Round-bodied needles pierce and spread the tissues with minimal cutting. They are used in easily penetrable tissues like the peritoneum and abdominal viscera. Blunt, and round body needles are used to dissect through friable tissues like liver and kidney.
Needles need to be strong enough to pass through tough tissues, causing minimal trauma to them and reducing tissue reactions. Thus, specific requirements for different type of needles set for a particular surgical procedure, has led to an increase in their demand in the hospitals. Most of the surgeons prefer specific types of needles based on their application, for instance needles required for suturing after laparoscopic and bariatric surgery are different from those required for an ophthalmic surgery. It is important for suture needle manufacturers to analyze the demand for various types of needles and then plan their quantity to be manufactured and supplied in order to avoid wastage of resources, time and money.
Notably, increasing incidence of chronic diseases is the key factor driving the Asia Pacific suture needles market. As per a study published in the BMC Public Health in 2017, prevalence of type-2 diabetes, obesity, and cardiovascular disease has increased rapidly in the recent years.
Various other push factors such as, increasing advancement in technology, and rising adoption rate of new technology continuously contribute to the growth of the Asia Pacific suture needles market.
Despite these drivers, lack of a proper sterilization system, low healthcare expenditure, and unfavorable taxation policies may hamper the growth of the market. Additionally, many healthcare professionals have started using surgical staplers for suturing, especially in super specialty hospitals and tertiary care centers which may pose as another restraint and may reduce the demand for suture needles.
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Top key the players in the Asia Pacific suture needles market are 3M Health Care, Roboz Surgical Instrument, Hu-Friedy Mfg. Co., LLC, TNI medical AG, Unimed Medical Supplies Inc., Medline Industries, Inc., Ethicon US, LLC, Sutures India Private Limited, Dolphin Sutures, Karl Hammacher, and H&H Medical Corporation.
The suture needle is segmented on the basis of type, application, needle end type, and end-users.
On the basis of type, market is segmented into round bodied needle, blunt point needle, reverse cutting needle, conventional cutting needle, spatula needle, tapercut needle and others.
On the basis of needle end type, market is classified into eyed and eyeless needles.
On the basis of application, market is classified into general surgeries, gynecological surgeries, others.
On the basis of end-user, market is segmented into hospitals, clinics, ambulatory surgical centers and others.
The Asia Pacific suture needles market consists of countries namely China, Japan, Republic of Korea, India, Australia and the Rest of Asia Pacific. Growing demand for outpatient surgeries, easy suturing using various types of needles according to intended medical specialty use and time saving technology, further tends to increase the demand of suturing needle in Asia Pacific.
Japan is the largest market for suture needles. Increase in prevalence of chronic diseases that require surgical procedures and medical tourism in Asia Pacific region are favoring the growth of this market.
Countries like China and Japan are focusing on exporting surgical equipment’s and surgical suturing material to countries worldwide. China is the second largest market followed by India. India is seen to be the fastest growing market for medical equipment manufactures. In India, the market of suture needles in increasing due to availability of low cost of raw material, better access to labor, increasing number of hospitals and healthcare centers. India is one of the top destinations for medical tourism, especially for orthopedic surgeries.
There is steady growth of this market in Australia and the Republic of Korea.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
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