A detailed analysis of the Global Surgical Needle Market 2023 is provided, including global, regional, and country-level market sizes, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global Surgical Needle Market players, value chain optimization, trade regulations, recent developments, strategic market growth analyses, product launches, expanding the area market, and technological advances.
An analysis of Surgical Needle’s growth rate, market share, market size, current and emerging trends, production and consumption ratios, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players is provided in the report, which has been segmented into key regions globally. This report provides a country-by-country analysis of the Surgical Needle market to give a clearer picture of its regional distribution and growth.
The global surgical needle market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. 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.
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Market Overview:
In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
- 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
- SERAG-WIESSNER
- Eli Lilly and Company
- Sandoz International GmbH (Novartis AG)
- GeneScience Pharmaceuticals Co. Ltd
- Peters Surgical
- Internacional Farmacéutica
- Aspen Surgical
- Assut Medical
Based on Product Type market is segmented into:
- Eyed needle
- Eyeless needle/swage
Based on End use market is segmented into:
- Ambulatory surgical centers
- Hospitals and clinics
- Others
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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