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Suture Needles Market Size, Industry Share & Trends – 2032

In the latest analysis released by Future Market Insight, a renowned market research company, the global Suture Needles Market is currently valued at an impressive US$ 534.7 million. Projections indicate a robust growth trajectory, with an anticipated Compound Annual Growth Rate (CAGR) of 5.5% through 2032, set to propel the market to an estimated US$ 966.9 million by the end of that year. Furthermore, the market is poised to offer an exceptional absolute dollar opportunity exceeding $400 million over the next decade.

The driving forces behind this anticipated growth include the increasing prevalence of chronic diseases and cardiovascular disorders, which will spur a heightened demand for surgical procedures and, consequently, suture needles. According to the World Health Organization (WHO), cardiovascular diseases alone accounted for more than 33% of global deaths in 2019. Moreover, the industry is expected to benefit from ongoing technical advancements on the international stage.

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The market expansion is likely to be driven by Straight Shaped Needles. During the forecast period, it will remain a dominant segment by growing at a CAGR of 5.4% during 2022 – 2032. The straight-body needle is used in stitching tissues that are easily accessible by hand.

Key Takeaways from the Market Study

The Global Suture Needle Market is currently valued at US$ 534.7 Mn and is expected to reach the valuation of US$ 564.7 Mn by 2022 by growing at annual growth rate of 6% during 2021.
The market for Suture Needle will garner an absolute dollar opportunity of US$ 402.2 Mn in the period between 2022 and 2032.
The market for Straight Shaped Needles are expected to dominate the market by growing at a CAGR of 4%.
The U.S. market dominates the global market for the Suture Needles with a majority share of over 29% and is expected to increase at a CAGR of 5%

The availability of quick substitutes, suture related side effects, lack of waste management and an increase in the prevalence of needlestick injuries is likely to hamper the market growth, comments a Future Market Insight analyst.

Competitive Landscape

The Suture Needle Market is driven by the market players who are expanding their product portfolio by highly investing in the R&D and product development areas. Technological advancements, product upgradation, upliftment of distribution network and expanding M&A activity have all contributed in maintaining the environment competitive.

Some of the prominent companies in the global Suture Needle market are Medtronic, Futura Surgicare Pvt. Ltd., Johnson & Johnson Medical N.V., Aurolab, Natsume Seisakusho Co., Ltd., Alfresa Pharma Corporation, Bear Medic Corporation, SUTUREX & RENODEX, Teleflex Incorporated, Smith & Nephew, Hu-Friedy Mfg. Co., LLC, FSSB Chirurgische Nadeln GmbH, Burtons Medical Equipment Ltd., Advin Health Care, etc.

The key developments in the Suture Needle Market are:  

In March 2022, Medtronic announced partnership with Vizient for AI powered video management system. This will provide Surgical Teams with easy access of procedural videos.
In November 2020, Smith and Nephew declared that their newly developed Novostitch Meniscal repair system has achieved 82.6% success rate in treating Horizontal Cleavage tears.

More Insights Available:

Future Market Insights, in its new offering, presents an unbiased analysis of the Suture Needle market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Shape (Half Curved, Compound-cure Shaped Needles, Straight Shaped Needles, J Shaped Needles), Type (Blunt Point Needle, Tapercut Needle, Reverse Cutting Needle, Round Bodied Needle, Conventional Cutting Needle, Spatula Needle), Application (Cardiovascular, General Surgery, Orthopedic Procedures, Gynecological Procedures, Veterinary Procedures, Other Applications) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Future Market Insights’ Domain Knowledge in Healthcare Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Healthcare domain team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analysed the Healthcare industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

Market Segments Covered in Suture Needle Market Analysis

By Component:

Solution
Agent Based Solution
Agent Less Solution
Services
Support and Maintenance Services
Training and Consulting Services

By Deployment Type:

Public Cloud
Private Cloud
Hybrid Cloud

By Organisation Size:

Large Enterprises
SMEs

By Vertical:

BFSI
Healthcare
IT and Telecom
Government and Defense
Construction
Education
Others

Dental Compressors Market Demand and Forecast 2023 to 2033

The dental compressor market is poised for substantial growth, with an expected value of US$ 378.75 million. By the year 2033, it is projected to surge to an impressive US$ 529.12 million, demonstrating a consistent Compound Annual Growth Rate (CAGR) of 3.4%. This growth can be attributed to the increasing healthcare infrastructure and rising public awareness of oral hygiene, especially in developing nations, which are expected to provide substantial support to the industry throughout the forecast period.

FMI, in its business report, elaborates on the historical and current scenario of the global Dental Compressors Market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions, and players based on demand patterns and growth prospects.

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Following government measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on the preliminary impact of COVID-19 on the Dental Compressors market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

Why Choose Future Market Insights

Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

Dental Compressors Market: Segmentation

Valuable information covered in the FMI’s Dental Compressors market report has been segregated into key segments and sub-segments.

Dental Compressors Market by Product:

Dental Oil-Free Compressors
Dental Lubricated Compressors

Dental Compressors Market by Technology:

Membrane-based Dental Compressors
Desiccant-based Dental Compressors

Dental Compressors Market by Application:

Dental Scalers
Dental Chair Valves
Dental Handpieces
Other Dental Compressor Applications

Endoscopy Fluid Management Systems Market Hitting US$ 683 Million by 2028

Based on the findings of FMI, the global landscape of the Endoscopy Fluid Management Systems Market remains significantly consolidated, with Tier 1 players consistently accounting for more than 70% of market revenue. In 2021, the global Endoscopy Fluid Management Systems Market was valued at US$ 414 million and is projected to experience robust growth at a 7.4% CAGR, ultimately reaching a market worth of US$ 683 million by the year 2028.

Providing a brief overview of the FDA regulations for Class II medical devices such as endoscopes, a new study presented by Future Market Insights offers an exhaustive assessment of the global endoscopy fluid management systems landscape for a 10-year projection period, 2018-2028.

The report covers extensive profiling of the top four performers including a few of the biggest industry names such as Stryker Corporation and Olympus Corporation. However, research indicates that even local players have strong penetration in regional markets.

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Top 3 Insights from Key Players Analysis

While a majority of companies are focusing on new product launches, strategic mergers and acquisitions are likely to emerge the most profitable developmental decisions in the near future. Most of these strategic moves will be primarily directed to address the high price point pressure associated with endoscopy fluid management systems that often affects revenue growth in developing economies.

Major hospital networks in developed regional markets are witnessing M&A between hospitals, which is likely to shape costing of medical devices such as endoscopy fluid management systems – eventually slashing down the profitability margins of manufacturers. “Constantly increasing chronic disease instances, coupled with immense technological advances in the field of endoscopy, is prominently driving the US$ 342 Million market for endoscopy fluid management systems (or irrigation pumps) in recent years,” says a senior research analyst at the company.

Prominent Players:

Karl Storz GmbH & Co KG
Olympus Corporation
Richard Wolf GmbH
Smith & Nephew
Stryker Corporation
DePuy Synthes (Johnson & Johnson Services Inc.)
Cantel Medical Corporation
Medtronics Plc.
B. Braun Medical Inc.
Hologic Inc

Top 5 Insights from Segmental Analysis

With maximum use in laparoscopic procedures, endoscopy fluid management systems continue to register maximum revenue generation through sales of laparoscopy suction irrigation pumps, followed by laparoscopy fluid management systems.

Based on the modality of endoscopy fluid management systems, the Benchtop holds a substantial market value share.

Hospitals register the highest consumption of endoscopy fluid management systems.

Owing to a massive number of cancer survivors in the US, North America’s market for endoscopy fluid management systems is currently accounting for the largest revenue share in the global landscape, followed by Asia Pacific and Europe.

MEA and Latin America are likely to represent a significant incremental opportunity, according to FMI study.

Healthy Year over Year Revenue Growth Projected for Asia Pacific

APAC has become the hotspot for leading medical device companies, which is further intensified by dramatically growing medical tourism sector. Across APAC, Japan is likely to account for substantial revenue generation, enabling the regional market secure second spot in the global endoscopy fluid management systems landscape. FMI projects over 7% year on year revenue growth in 2020 and beyond, for this regional market.

Government Regulations Favor Market Growth in Latin America

Latin American market for endoscopy fluid management systems is thriving at a promising pace owing to favorable government initiatives regarding endoscopic procedures and medical device marketing. Noteworthy demand for laparoscopy suction irrigation pumps within the region is identified to be responsible for the rapid revenue growth of endoscopy fluid management systems marketplace across Latin America.

Egypt’s End Users Drive Market Growth in MEA

The market for endoscopy fluid management systems in MEA is prominently driven by the improving regulatory landscape related to the marketing of medical devices, pushed further by impressive sales of laparoscopy suction irrigation pump based endoscopy fluid management systems. FMI spots higher market attractiveness in Egypt owing to the presence of a large number of end users. However, poor operational environment still remains a major growth barrier for the region.

Key Segments Covered in Endoscopy Fluid Management Systems Industry Survey

Endoscopy Fluid Management Systems Market by Product Type:

Laparoscopy endoscopy fluid management systems
Hysteroscopy endoscopy fluid management systems

Endoscopy Fluid Management Systems Market by Modality:

Floor Standing endoscopy fluid management systems
Benchtop fluid management systems

Endoscopy Fluid Management Systems Market by End-User:

Hospitals endoscopy fluid management systems
Ambulatory surgical centers endoscopy fluid management systems
Specialty clinics endoscopy fluid management systems
Diagnostic centers endoscopy fluid management systems

Bone Growth Stimulator Market Size, Growth & Demand 2033 | FMI

The Bone Growth Stimulators Market size is predicted to be worth US$ 2.1 billion in 2023, rising to US$ 5.4 billion by 2033. During the projected period, sales of Bone Growth stimulants are expected to expand at a substantial CAGR of 10.1%. Growth in the market is attributed to the rising overall fracture injuries around the world which are expected to propel the demand for Bone Growth Stimulators over the upcoming years.

The rising prevalence of bone and joint issues, the increased desire for minimally invasive and non-invasive operations internationally, and the growing geriatric population are driving the market for Bone Growth Stimulators.

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A bone growth stimulator’s best advantage is that it accelerates the entire process of bone healing, resulting in faster recovery, shorter hospitalisation, higher cost-effectiveness, and fewer infections.

According to a recent study conducted by the International Osteoporosis Foundation, statistics revealed that more than200 a million people are suffering from osteoporosis. Worldwide, 1 in 3 women over the age of 50 years and 1 in 5 men will experience osteoporotic fractures in their lifetime. These numbers are anticipated to increase at a fast pace in the assessment period, therefore, bolstering the demand for Bone Growth Stimulators worldwide.

Key Takeaways

Because of an ageing population, rapid economic expansion in growing Asia-Pacific (APAC) countries, and an increase in the volume of spine surgeries, the Bone Growth Stimulators market in numerous Asia-Pacific countries is likely to grow rapidly over the forecast period.
India is predicted to be the fastest-growing market in APAC, with a CAGR of 11.4%. Growth will be fueled by improvements in the country’s healthcare landscape.
The US market for Bone Growth Stimulators is estimated to exceed US$ 2.2 billion by 2033.
With a rise in medical tourism and a growing demand for less invasive procedures, the United Kingdom is expected to dominate the European Bone Growth Stimulators market in the next years. Sales are expected to account for 20.4% of the global market in 2022.
The hospital segment is estimated to be valued more than US$ 743 million by 2028.

Competitive Landscape

The prominent players operating in the global Bone Growth Stimulators market are extensively investing in research and development activities in order to launch innovative and technologically advanced products that cater to an expanding customer base. In addition to that, dominant market players are heavily investing in mergers, acquisitions, collaborations, and partnerships to strengthen their distribution networks.

Some of the leading companies operating in the Bone Growth Stimulators Market are

Zimmer Biomet Holdings Inc
Bioventus LLC.
DJO Global, Orthofix Holdings, Inc.
Ossatec Benelux Ltd.
IGEA
Ito Co., Ltd.

More Insights into the Bone Growth Stimulators Market

The US is expected to dominate the North American region by garnering maximum sales in the global Bone Growth Stimulators market. The global market is anticipated to account for about 42.5% of the total market share in 2022. According to the CDC, around 1 out of every 4 US adults (23.7%, 58.5 million people) suffer from diagnosed arthritis. The incidence of arthritis and osteoarthritis is predicted to grow in the forthcoming years, which in turn will propel the demand for electrical Bone Growth Stimulators over the assessment period.

The UK is predicted to dominate the European Bone Growth Stimulators market in the forthcoming years, as it accounts for around 20.4% of the total market share in 2022. The growth is attributed to the growing preference for minimally invasive procedures and the rising popularity of medical tourism in the country.

Bone Growth Stimulators Markets by Category

Product Type:

Non-Invasive Bone Growth Stimulators
Capacitive Coupling (CC) Devices
Pulsed Electromagnetic Field (PEMF) Devices
Combined Magnetic Field (CMF) Devices
Ultrasound Bone Growth Stimulators
Invasive Bone Growth Stimulators

Application:

Trauma Injury and Fractures
Spinal Fusion
Osteogenesis

End User:

Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers
Homecare settings

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