Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1414.83 Million | USD 2066.63 Million | 4.3% | 2023 |
The global Surgical Needles Market size was valued at USD 1414.83 Million in 2023 and is predicted to reach USD 2066.63 Million by the end of 2032. The market is expected to grow with a CAGR of 4.3% during the forecast period. The report analyzes the global Surgical Needles Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Surgical Needles industry.
The report covers forecast and analysis for the surgical needles market on a global and regional level. The study provides historic data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes drivers and restraints for the surgical needles market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the surgical needles market on a global level.
Surgical needle market has witnessed significant growth worldwide in recent years. Global demand for surgical needles is expected to be driven by increasing demand for needles from various medical practices especially for suturing. In addition, it is the standard treatment method for various surgeries which is fueling the market owing to the increasing number of the road accidents and other casualties. Conferring to a study issued in the international journal of contemporary pediatrics in 2016, 6.3% went for minor surgery and 93.3% for complex surgery because of road accidents in India. However, growing cases of HIV, Hepatitis C, and Hepatitis B due to use of infected needles is restraining the market growth. The easy availability of alternatives for surgical needles and injuries caused by needle stick is also hampering the market growth of the surgical needles. Increasing adoption of advanced technology in surgeries is expected to bring new growth avenues for surgical needles manufacturers.
Based on shape, the market is segmented into compound curve-shaped needles, J shape needles, half curved, straight shaped needles, and others. Among the shape segment, straight shaped needles held the largest market share in 2023. The characteristic feature of improving safety, easy penetration, and consistency in passing through tissues has attributed to the largest market share of this segment.
Based on type, the market is segmented into eyed and eyeless needles. Eyed held the largest market share in 2023 owing to several factors such as the ability to avoid tissue damage and tissue dragging during surgery. Additionally, it also prevents suture damage during the procedure.
Based on end-user, the market is categorized into ambulatory surgical centers, hospitals and clinics, and others. Hospitals and clinics segment lead the market in terms of revenue in 2023 owing to the availability of a large number of surgeries and treatment facilities.
North America leads the global surgical needles market and accounted for about 40% market share in 2023. North America region is expected to lead the market over the forecast period with development mostly focused in the U.S. market. Presence of major players, upgraded reimbursement scenario, and increasing funding by the government towards advanced technology in surgical methods are major factors that attribute to the largest revenue share. On the other hand, Europe accounted for the subsequent largest market for the surgical needles market in 2023 globally.
Report Attributes | Report Details |
---|---|
Report Name | Surgical Needles Market |
Market Size in 2023 | USD 1414.83 Million |
Market Forecast in 2032 | USD 2066.63 Million |
Growth Rate | CAGR of 4.3% |
Number of Pages | 207 |
Key Companies Covered | Medline Industries, Inc., Hu-Friedy Mfg. Co LLC., Roboz Surgical Instrument, Hill-Rom, Johnson & Johnson Services, Inc, Medtronic Plc, B. Braun Melsungen AG, and others |
Segments Covered | By shape, By type, By end-user and By region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Increasing cases of surgeries and government support in research and development facilities are the key factors driving the demand for surgical needle in Europe. Asia Pacific is projected to be growing at the highest CAGR over the forecast period. This increased growth rate is attributable to large patient pool and growing healthcare facilities. Inclination towards R&D is also driving the market growth in the Asia Pacific region.
Some of the key players in surgical needles market include
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed