Needle Holders Market Size is valued at USD 258.65 Mn in 2023 and is predicted to reach USD 591.95 Mn by the year 2031 at a 11.06% CAGR during the forecast period for 2024-2031.
Needle holders are essential surgical instruments used by healthcare professionals, particularly surgeons and nurses, to hold and manipulate needles during various medical procedures. The global market for needle holders experiences robust growth due to several driving factors. These include the increasing demand for wound closure treatments, advancements in technology leading to the extensive use of surgical needle holders, a rising incidence of accidents and trauma injuries, a growing need for surgeries to address chronic cardiovascular conditions, and a surge in outpatient surgical procedures.
Moreover, the escalating number of surgeries due to unhealthy lifestyles and improved living standards is expected to provide a significant boost to the market. The treatment of chronic diseases often necessitates surgical procedures, and the rapid increase in the prevalence of conditions such as cardiovascular and neurological disorders is further accelerating the demand for surgical needle holders. Additionally, road accidents and other mishaps, combined with an ageing population, are anticipated to contribute to market growth over the forecast period. Increasing healthcare expenditure and a growing demand for plastic and reconstructive surgery are also factors expected to positively impact the global needle holder market.
However, certain challenges and limitations hinder overall market growth. Factors such as a shortage of skilled medical professionals, including doctors and nurses, and the absence of standardized protocols can limit market expansion. Additionally, the high cost of surgical instruments and limited reimbursement for surgical products are potential constraints on the growth of the global needle holder market.
Competitive Landscape
Some Major Key Players In The Needle Holders Market:
- Braun
- J&J Instruments
- Becton, Dickinson and Company
- Olympus
- August Reuchlen GmbH
- Hu-Friedy
- Nordent Manufacturing
- Towne Brothers (PVT) LTD
- Sklar Surgical Instruments,
- Schweickhardt GmbH & Co. KG,
- MedGyn Products, Inc.,
- SOMATEX Medical Technologies GmbH,
- CareFusion Corporation,
- KLS Martin Group,
- Johnson & Johnson Services, Inc.,
- Medline Industries, Inc.
- Others
Market Segmentation:
The needle holders market is segmented on the basis of type of application and end users. Based on type, the market is segmented as an Olsen-hegar needle holder, Mayo-hegar needle holder, Derf needle holder, Halsey needle holder, Mathieu needle holder, Cricklewood needle holder, webster needle holder and others. As per the application, the market is segmented into cardiovascular, ophthalmic, urology, orthopaedic, dental, gynaecology, laparoscopic and others. According to end users, the segmentation includes hospitals, ambulatory surgical centres and others.
Based On Application, The Urology Segment Is Accounted As A Major Contributor In The Needle Holders Market.
The urology category is expected to hold a major share of the global needle holders market in 2024. The increasing use of needle holders in urology applications within the needle holders market" implies that there is a growing trend in the utilization of needle holders specifically for urological procedures within the larger needle holders market. Urology involves diagnosing and treating various conditions regarding the urinary tract & male reproductive system. The field encompasses a wide range of procedures, including surgeries, biopsies, and catheterizations. As the demand for urological procedures increases due to important factors such as an ageing population and a rising prevalence of urological conditions, the need for specialized instruments like needle holders in urology becomes more pronounced.
The Mayo-Hegar Segment Witnessed Growth At A Rapid Rate.
The Mayo-Hegar segment is projected to grow rapidly in the global needle holders market. The Mayo-Hegar needle holder is a medical instrument designed for securely grasping and controlling needles during surgical procedures. It derives its name from its creators, Drs. Charles Mayo and Frank Hegar. This device incorporates a ratchet mechanism that effectively immobilizes the instrument's jaws, ensuring a firm hold on the needle. The Mayo-Hegar needle holder proves to be a versatile tool suitable for a variety of surgical applications. It finds common use in general surgery, orthopaedic surgery, and urological surgery, among other medical procedures.
In The Region, The North American Needle Holders Market Holds A Significant Revenue Share.
The North American needle holders market is expected to register the maximum market share in revenue in the near future. T The regional market is expected to experience rapid growth in the coming years, initially driven by increased investment in research and development, as well as various government initiatives to foster innovative solutions. These key factors exert a positive influence on the overall sales demand within the Needle Holders Industry. Market drivers play a pivotal role in elucidating their impact on market expansion. Armed with this information, one can make informed predictions regarding the anticipated growth trajectory of this market within the region in the upcoming year.
In addition, Asia Pacific is estimeted to grow at a rapid rate in the global needle holders market. The APAC region is experiencing market growth driven by the introduction of cutting-edge products from investments by industry players in China and India. Factors such as the rising trend in medical tourism, robust government initiatives, and ongoing projects are poised to further enhance the market in this region. Additionally, the presence of increasing collaborative efforts between the public and private sectors aimed at advancing research in minimally invasive surgical instruments, as well as the unexplored potential in emerging markets, present promising growth opportunities.
Recent Developments:
- In Jan 2021, SOMATEX Medical Technologies GmbH was acquired by Hologic, Inc. for about $64 million. Previously, a group of investors led by German private equity firm Westlake Partners held the company under the name E-Med Solutions GmbH, Berlin.
Needle Holders Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 258.65 Mn |
|
Revenue Forecast In 2031 |
USD 591.95 Mn |
|
Growth Rate CAGR |
CAGR of 10.86% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn, volume (units) and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Application |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia |
|
Competitive Landscape |
B.Braun, J&J Instruments, Becton, Dickinson and Company, Olympus, August Reuchlen GmbH, Nordent Manufacturing, Towne Brothers (PVT) LTD, Hu-Friedy, Sklar Surgical Instruments, A.Schweickhardt GmbH & Co. KG, MedGyn Products, Inc., SOMATEX Medical Technologies GmbH, CareFusion Corporation, KLS Martin Group, Johnson & Johnson Services, Inc., Medline Industries, Inc. and others |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
