Needle Holders Market Size, Share and Growth Factors Study

Needle Holders Market worth $589.03 Mn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Needle Holders Market- (By Type (Olsen-Hegar Needle Holder, Mayo-Hegar Needle Holder, Derf Needle Holder, Halsey Needle Holder, Mathieu Needle Holder, Crilewood Needle Holder, Webster Needle Holder, Others), By Application (Cardiovascular, Ophthalmic, Urology, Orthopedic, Dental, Gynecology, Laparoscopic, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Needle Holders Market is valued at US$ 236.21 Mn in 2022, and it is expected to reach US$ 589.03 Mn by 2031, with a CAGR of 10.86% during a forecast period of 2023-2031.
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A needle holder is a medical tool employed to grasp a needle for suturing purposes. It typically features an elongated, slender shaft with two or three fingers at its end that can be compressed together to securely hold the needle. These instruments play a crucial role in surgery as they enable surgeons to maintain precise control over the needle, minimizing the risk of accidental punctures. Various factors are propelling the growth of the needle holder market. These include the escalating global prevalence of surgical procedures, the advancement of minimally invasive surgical techniques necessitating precise instrument handling, an ageing population driving greater demand for surgical interventions, and the ongoing innovation in needle holder designs to enhance surgical efficacy. Furthermore, the expanding healthcare infrastructure in emerging economies, improved access to high-quality medical services, and the pursuit of enhanced patient outcomes are further driving the demand for needle holders.

Additionally, the world's population continues to expand, resulting in a higher number of surgeries and medical procedures. This greater patient pool increases the need for medical instruments, including needle holders. Moreover, developing nations are experiencing substantial growth in healthcare infrastructure and accessibility to healthcare services. Consequently, there is an elevated demand for medical instruments in these regions. As income levels rise in emerging markets, individuals have greater affordability for advanced medical procedures, which is anticipated to further stimulate market growth.

List of Prominent Players in the Needle holders Market:
• B.Braun
• J&J Instruments
• Becton, Dickinson and Company
• Olympus
• August Reuchlen GmbH
• Hu-Friedy
• Nordent Manufacturing
• Towne Brothers (PVT) LTD
• 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.
• Others

Market Dynamics:

Drivers-
The rising demand for minimally invasive surgeries can be attributed primarily to the growing preference for these procedures over traditional open surgeries. This preference is driven by the shorter recovery periods and reduced surgical trauma associated with minimally invasive techniques. Needleholders play a crucial role in facilitating minimally invasive surgeries, and as the demand for these surgeries continues to rise, it will also propel the needle holder market's growth. Recent years have witnessed impressive advancements in the design of needle holders, with manufacturers offering products that are more user-friendly and cause less tissue damage during surgery. Consequently, surgeons are increasingly adopting these improved needle holders, which is further fueling market expansion. Additionally, the increasing occurence of chronic diseases and the ageing of the population contribute to the market's expansion. Older adults often require various surgical interventions, including joint replacements, cardiac surgeries, and cancer treatments.

Challenges:
High manufacturing and material costs associated with producing advanced needle holder designs can limit market growth, particularly in regions with budgetary constraints in healthcare. Strict regulatory requirements and approval processes for medical devices can lead to delays and increased costs for manufacturers, affecting market expansion negatively. A lack of awareness within the healthcare providers and facilities about the benefits of advanced needle holder designs may slow down their adoption. The availability of alternative surgical instruments or technologies for suturing and wound closure could present competition and hinder the growth of needleholder sales.

Regional Trends:
The North American needle holders market is expected to register a major market share. The region is projected to sustain its leading position in the market in the entire forecast period, initially due to the rising incidence of chronic illnesses like cardiovascular and neurological disorders, cancer, diabetes, and autoimmune diseases. Furthermore, an upsurge in research and development endeavours aimed at creating cutting-edge products is also anticipated to boost the demand for needle holders in this region. Besides, the Asia Pacific region is witnessing a surge in healthcare spending by governments, coupled with a heightened awareness among patients and their families about diverse treatment options for various medical conditions. This trend is a direct result of the growing elderly population and improved access to healthcare services in the region. As healthcare infrastructure expands and medical facilities become increasingly accessible to the population, there has been a notable increase in the number of surgeries performed in the Asia Pacific region.

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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.

Segmentation Of Needle Holders Market-
By Type
• Olsen-Hegar Needle Holder
• Mayo-Hegar Needle Holder
• Derf Needle Holder
• Halsey Needle Holder
• Mathieu Needle Holder
• Crilewood Needle Holder
• Webster Needle Holder
• Others
By Application
• Cardiovascular
• Ophthalmic
• Urology
• Orthopedic
• Dental
• Gynecology
• Laparoscopic
• Others
By End-use
• Hospitals
• Ambulatory Surgical Centers
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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