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Suturing serves as a crucial technique employed in the closure of cutaneous wounds, addressing various key aspects such as the elimination of dead spaces, mitigation of bleeding risks, reinforcement of wounds throughout the healing process, and ensuring aesthetically pleasing skin closure. Facilitating this technique are suture needles, which play an essential role in precisely placing sutures within tissues. These needles must strike a delicate balance, possessing adequate rigidity to prevent bending while retaining flexibility to bend before breaking.
In terms of shape, the global suture needles market is segmented into various categories, including straight, J-shaped, compound curve, half-curved, and others. The "others" category encompasses a diverse range of shapes such as hook-shaped, 5/8 circle, 3/8 circle, 2/8 circle, curved on one side, and S-shaped needles.
The straight needle segment is anticipated to witness substantial growth, with market projections indicating it will reach a valuation of USD 988.1 million by the conclusion of 2023. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.4% during the period spanning 2017 to 2023.
Suture needles are typically crafted from stainless steel, available in different sizes, and can feature either blunt or sharp points. These needles are broadly categorized into two types: eyed and eyeless. Eyed needles have a hole on the suture side, while eyeless or swaged needles secure the suture within the needle. Eyeless needles offer distinct advantages over their eyed counterparts, particularly in terms of single-use functionality, preventing the loss of sharpness.
The global suture needles market is further segmented based on type, distinguishing between eyed and eyeless needles. The eyeless needle market is poised for significant growth, with projections indicating it will reach a valuation of USD 2,165.9 million by the conclusion of 2023. The expected CAGR during the period from 2017 to 2023 for the eyeless needle market is 3.4%.
Suture wire Market Highlights:
Global Suture Wire Market Overview
Suture Wire Market Size was valued at USD 1.04 Billion in 2023. The Global Suture Wire industry is projected to grow from USD 1.09 Billion in 2024 to USD 1.93 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.77% during the forecast period (2024 - 2032).
Suture wire is a thread which holds the body tissue after surgery or injury. Sutures wires are used in different surgeries like cardiac, renal, dental and many more. They play an important role in the field of medicine. Different types of sutures wires are developed, made up of different materials. Development of absorbable sutures has provided a good platform for the growth and it has found its application in heart and cardiac surgeries.
According to WHO more than 900 million surgeries are performed all over the world of which 300 million are only cardiac surgeries. Suture wire market is driven by increasing number of surgeries and accidents. Besides, the increasing prevalence of a number of chronic diseases, development in the suture wire material and increasing aging population across the globe also contribute to the growth of the suture wire market. Increasing diabetic and obese population across the globe also help to increase the market. However, high cost of the product has hampered the growth of the market.
Study objectives suture wire market
- Detailed information about the factors affecting the growth of the suture wire market.
- Detailed analysis of parent market with respect to all the possible segmentation of the suture wire market.
- Detailed analysis of emerging key players for the suture wire market with their effective strategies.
- Detailed Information about the present and forecasted market and factors that influences the market on global scale.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the suture wire market.
- Analysis of the market of the different factors like- price analysis, supply chain analysis, porters five force analysis etc.
- Detailed information on the possible segments and sub segments of the suture wire market. And regional analysis of the market- America, Europe, Asia Pacific and Middle East and Africa.
- Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Detailed information on trends and the opportunities in various regions.
Key Players for Suture Wire Market
- Boston Scientific Corporation (US)
- Demetech Corporation (US)
- Endoevolution Llc (US)
- Ethicon Inc. (US)
- Apollo Endosurgery Inc. (US)
- B. Braun Melsungen AG (Germany)
- Smith & Nephew Plc. (UK)
- Surgical Specialties Corporation (Germany)
- Sutures India Pvt Ltd (India)
- Internacional Farmacéutica S.A. (US)
- Medtronic PLC (UK)
- Peters Surgical (France)
- Covidien Plc. (UK)
- Jiangxi Longteng Co. Ltd. (China)
- DemeTech (US)
- Teleflex Incorporated (US)
- Lotus Surgicals Pvt Ltd. (India)
Suture Wire Market Segment Insights
Suture wire market is segmented on the basis of type, application and end users.
Suture Wire Type Insights
On the basis of type the suture wire market is segmented into absorbable suture and non-absorbable suture. Absorbable suture is sub segmented into polyglycolic acid, polylactic acid, polydioxanone and monocryl. Non- absorbable sutures are sub segmented into nylon, polyester, polypropylene, and other.
Suture Wire Application Insights
On the basis of application the market is segmented into surgery, veterinary, and other. Surgery is further sub segmented into cardiac, renal, dental and other.
Suture Wire End User Insights
On the basis of end users suture wire market is segmented into hospitals, clinics and other.
Suture Wire Regional Insights
Suture wire market is dominated by America. Suture market in America is driven by increasing number of surgeries and well developed healthcare sector. Beside this, huge number of population suffering from diabetes and other chronic diseases has also supported the growth of this market. Europe has the second largest market which is followed by Asia Pacific. Asia Pacific is expecting the fastest growth for the suture wire market during forecasted period.
Intended Audience
- Suture wire manufacturers
- Suture wire suppliers
- Research and Development (R&D) Companies
- Independent Research Laboratories
- Government and Independent Regulatory Authorities
- Market Research and Consulting Service Providers
- Medical Research Laboratories
- Academic Medical Institutes and Universities
The report for suture wire market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the suture wire market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
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