Market Overview:
The global surgical needle market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in surgical procedures. By type, the 5/8 circle segment is expected to account for the largest share of the global surgical needle market in 2018. By application, hospitals are expected to account for the largest share of the global surgical needle market in 2018.
Product Definition:
A surgical needle is a thin, pointed metal or plastic instrument used to pierce the skin and penetrate underlying tissues. Surgical needles are typically used in medical procedures to inject drugs or anesthesia, take samples of tissue for testing, or remove stitches. They may also be used for cosmetic procedures such as Botox injections.
5/8 Circle:
5/8 Circle is a special size of surgical needle used in various medical procedures. The number 5 refers to the outer diameter and 8 refers to the inner diameter of this needle. It has a smaller gauge than 7/16 inch but larger than 1/2 inch which makes it suitable for use in small blood vessels, especially in infants and children.
1/4 Circle:
1/4 Circle is a special type of needle used in surgical procedures. It has a smaller and rounder point compared to 1/3 or 1/2 circle needles. The size of the point is important as it helps surgeons determine where the needle should go, while injecting into the patient’s body.
The shape also helps reduce chances of getting blood infected by minimizing contact between contaminated blood and IV fluid as well as reduces pain for patients during injection procedure.
Application Insights:
Based on the application, the global surgical needle market is segmented into hospital, clinic and other. The hospital segment dominated the overall application market in 2017 owing to increasing number of surgeries globally. According to WHO, an estimated 1.7 billion people were hospitalized across the world in 2016 while around 562 million were admitted as out-patients that year. Increasing incidences of chronic diseases and rising geriatric population are expected to drive demand for minimally invasive surgeries which subsequently will fuel growth over next few years.
The other segment includes home healthcare or medical injector devices which are used for self-injection by patients after getting treated by a doctor at a medical facility or hospital outpatient department (OPD).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D investments by companies and rising adoption of technologically advanced products for efficient surgery. Moreover, high incidence of chronic diseases that require surgical intervention is also one of the major factors responsible for regional growth.
Growth Factors:
- Increasing incidence of chronic diseases: The global surgical needle market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing incidence of chronic diseases such as cancer, diabetes, and cardiovascular disorders.
- Technological advancements: The advent of new technologies in surgical needles has led to their increased adoption in various medical procedures. This is expected to drive the growth of the global surgical needle market during the forecast period.
- Rising demand for minimally invasive surgeries: Minimally invasive surgeries are being increasingly adopted due to their many advantages over traditional open surgeries such as shorter hospital stays and reduced post-operative complications rates. This is likely to boost the demand for surgical needles in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Needle Market Research Report
By Type
5/8 Circle, 1/4 Circle, 3/8 Circle, 1/2 Circle, Other
By Application
Hospital, Clinic, Other
By Companies
Johnson & Johnson, Medtronic, B Braun, Medline, Smith & Nephew, Peters Surgical, Feuerstein, Sutures India, SERAG-WIESSNER, Internacional Farmacéutica, Aspen Surgical, Wego, Unimed, Resorba, Assut Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Needle Market Report Segments:
The global Surgical Needle market is segmented on the basis of:
Types
5/8 Circle, 1/4 Circle, 3/8 Circle, 1/2 Circle, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson & Johnson
- Medtronic
- B Braun
- Medline
- Smith & Nephew
- Peters Surgical
- Feuerstein
- Sutures India
- SERAG-WIESSNER
- Internacional Farmacéutica
- Aspen Surgical
- Wego
- Unimed
- Resorba
- Assut Medical
Highlights of The Surgical Needle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 5/8 Circle
- 1/4 Circle
- 3/8 Circle
- 1/2 Circle
- Other
- By Application:
- Hospital
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Surgical Needle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A surgical needle is a thin, sharp object used during surgery to remove tissue.
Some of the major players in the surgical needle market are Johnson & Johnson, Medtronic, B Braun, Medline, Smith & Nephew, Peters Surgical, Feuerstein, Sutures India, SERAG-WIESSNER, Internacional Farmac©utica, Aspen Surgical, Wego, Unimed, Resorba, Assut Medical.
The surgical needle market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surgical Needle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Surgical Needle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surgical Needle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Surgical Needle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Surgical Needle Market Size & Forecast, 2020-2028
4.5.1 Surgical Needle Market Size and Y-o-Y Growth
4.5.2 Surgical Needle Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 5/8 Circle
5.2.2 1/4 Circle
5.2.3 3/8 Circle
5.2.4 1/2 Circle
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surgical Needle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Surgical Needle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 5/8 Circle
9.6.2 1/4 Circle
9.6.3 3/8 Circle
9.6.4 1/2 Circle
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 5/8 Circle
10.6.2 1/4 Circle
10.6.3 3/8 Circle
10.6.4 1/2 Circle
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 5/8 Circle
11.6.2 1/4 Circle
11.6.3 3/8 Circle
11.6.4 1/2 Circle
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 5/8 Circle
12.6.2 1/4 Circle
12.6.3 3/8 Circle
12.6.4 1/2 Circle
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 5/8 Circle
13.6.2 1/4 Circle
13.6.3 3/8 Circle
13.6.4 1/2 Circle
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Surgical Needle Market: Competitive Dashboard
14.2 Global Surgical Needle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 Medtronic
14.3.3 B Braun
14.3.4 Medline
14.3.5 Smith & Nephew
14.3.6 Peters Surgical
14.3.7 Feuerstein
14.3.8 Sutures India
14.3.9 SERAG-WIESSNER
14.3.10 Internacional Farmacéutica
14.3.11 Aspen Surgical
14.3.12 Wego
14.3.13 Unimed
14.3.14 Resorba
14.3.15 Assut Medical
