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Global Suture Needles Market – Future Value Chain Study, Emerging Market Trends Outlook 2018-2023

August 14th, 2018 Market Research Future Releases

Suture Needles are required for the placement of sutures in tissues. Suturing is a technique used to repair tissue and facilitate healing. The main aspects of this technique include closing dead spaces, reducing the risks of bleeding, strengthening wounds until healing, and making skin aesthetically pleasing Suture needles must be rigid enough to avoid bending and flexible enough to bend before breaking.

The Global Suture Needles Market is expected to grow at a CAGR of 3.1% during the forecast period 2017-2023.

According to a recent study report published by the Market Research Future analysts, the global suture needles market is growing at a very steady pace. Some of the factors that are contributing in the growth of this market are increasing number of surgical procedures, favorable reimbursement scenario, rising geriatric population, and technological advancements in the surgical technologies.

On the other hand, factors such as easy availability of alternatives and increasing incidence of needle stick injuries may hinder the growth of the market to an extent.

Suture Needles Market – Key Players

Some of key the players in the market are

  • Roboz Surgical Instrument
  • Hu-Friedy Mfg. Co.LLC
  • Hill-Rom
  • Medline Industries, Inc.
  • Medtronic Plc.
  • Braun Melsungen AG
  • Johnson & Johnson Services, Inc.

Suture Needles Market – Segmentation

The Global Suture Needles Market is segmented on the basis of shape, type, and end-users.

On the basis of the shape, the market is classified into straight shaped needles, j shape needles, compound curve shaped needles, half curved, and others. On the basis of the type, the market is segmented into eyed, and eyeless needles. On the basis of the end -users, the market is segmented into ambulatory surgical centers, hospital, and clinics, and others.

Suture Needles Market – Competitive Analysis

On August 21, 2017, ETHICON, a subsidiary of J&J, launched PROXISURE™ Suturing Device to improve precision in minimally invasive surgery.

On March 7, 2017, Ethicon acquired NeuWave Medical, Inc.

In August 2016, Ethicon US, LLC had announced the strategic collaboration with Touch Surgery that will help patient with free mobile app that can reach medical help in even remote regions.

In August 2016, Ethicon US, LLC announced the launch of unmatched knotless suture portfolio with launch of stratafix spiral plus devices. With this addition of this new suture technology the company has established the most comprehensive and unmatched knotless suture offering available to surgeons in the U.S.

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/552

In June 2016, B. Braun Melsungen AG announced that it has acquired 51% of DIALY SER S.A.S., Colombia

In Jan 2016, Surgical Specialties Corporation announced that it has acquired all the shares of leading German needle and suture manufacturer; FSSB Chirurgische Nadein GMBH (FSSB). This acquisition will create the company one of the leaders in manufacturing surgical suture in the world.

In June 2015, Medtronic plc. acquired Covidien plc. to broaden their product portfolio. It was a USD 42.9 billion merger.

Suture Needles Market – Regional Analysis

The Americas dominate the suture needles market owing to the well-developed technology, high healthcare expenditure, improvement in reimbursement scenario, and the presence of the leading players. According to the American Medical Association, Medicare has made various significant amendments in Ambulatory Surgery Center payment system (ASC). It is observed that for incision and drainage postoperative wound infection Medicare was providing reimbursement of USD 790.85, which is now exceeded to USD 1,030.52 in ASC. Whereas hospital outpatient payment has been exceeded to USD 2,148.00 from USD 1,414.28 this year.

Europe holds the second position in the suture needles market. It is expected that the support provided by the government bodies for research & development, and increasing number of surgeries drives the market in the European region.

Asia Pacific region is projected to be the fastest growing region during the forecast period. Rapidly improving technology, and the presence of huge patient pool drive the growth of this market in Asia Pacific region.

The Middle East and Africa hold the least share of the market owing to the presence of poor and slow developing countries, especially, in the African region.

To Know More Enquire @ https://www.marketresearchfuture.com/enquiry/552 

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: 
salesteam@marketresearchfuture.com

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