Global Suture Needles Market 2019-2023
About this market
High growth potential in emerging economies to drive growth in the market. Players are increasingly focusing on exploring growth opportunities in emerging economies. They are investing on R&D activities and expanding into emerging economies. Technavio’s analysts have predicted that the suture needles market will register a CAGR of over 4% by 2023.
Increasing number of surgeries
The rise in the number of surgeries and increase in chronic diseases contribute to the growth of the global suture needles market.
Availability of substitutes
The presence of substitutes, including staples, adhesives, and wound closure tapes, for suture needles pose a potential threat to the global suture needles market.
For the detailed list of factors that will drive and challenge the growth of the suture needles market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Medtronic and Teleflex the competitive environment is quite intense. Factors such as the high growth potential in emerging economies and the rise in the number of surgeries, will provide considerable growth opportunities to suture needles manufactures. B. Braun Melsungen, Futura Surgicare, Hill-Rom, Johnson & Johnson, Medtronic, and Teleflex are some of the major companies covered in this report.
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