Ultrasound Needle Guides Market 2023-2031 | Exclusive Study Report

Ultrasound Needle Guides Market worth $487.99 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 Ultrasound Needle Guides Market- (By Type (Disposable Needle Guides, Reusable Needle Guides), By Application (Tissue Biopsy, Fluid Aspiration, Vascular Access Procedures, Nerve Block and Regional Anesthesia, Other Applications), By End User (Hospitals and Clinics, Ambulatory Surgical Centers, Diagnostic Imaging Centers, Other End Users)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Ultrasound Needle Guides Market is valued at US$ 266.59 Mn in 2022, and it is expected to reach US$ 487.99 Mn by 2031, with a CAGR of 7.1% during a forecast period of 2023-2031.

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Ultrasound needle guides are becoming vital instruments in a range of medical operations. During a surgical procedure, they guide needles into a particular area in the human body, such as a tumour or organ. The increased prevalence of target diseases such as cancer and heart problems, as well as the growing preference for less invasive biopsies, are driving the expansion of this market. The desire for less invasive surgical procedures is also expected to drive a large increase in the global market for ultrasonic needle guides over the coming years. Additionally, the market is fueled by the ongoing developments in ultrasound imaging technology, which have enhanced the quality and sharpness of pictures and allowed for accurate visualization of anatomical structures and needle placement. Ultrasound-guided treatments are now more effective and safe due to the development of advanced ultrasound systems with characteristics like real-time imaging, 3D/4D imaging, and fusion imaging, which have accelerated the use of needle guides.

List of Prominent Players in the Ultrasound Needle Guides Market:
• Roper Technologies (CIVCO Medical Solutions) (US)
• Aspen Surgical (US)
• FUJIFILM Holdings Corporation (Japan)
• Siemens Healthineers AG (Germany)
• Becton, Dickinson and Company (US)
• Argon Medical Devices (US)
• Hologic, Inc. (US)
• Remington Medical Inc. (US)
• Geotek Medical (Turkey)
• InnoFine (China)
• KOELIS (France)
• Rocket Medical (China)
• BIRR (Netherlands)
• IZI Medical (US)
• Sheathing Technologies, Inc. (US)
• weLLgo Medical
• Products GmbH (Germany)
• Advance Medical Designs, Inc. (US)

Market Dynamics:
Drivers-
The need for precise diagnostic methods, such as biopsies, is driven by the rising prevalence of chronic diseases like cancer, cardiovascular ailments, and organ-related conditions. For instance, according to the American Cancer Society, the US will see more than 1,958,310 new instances of cancer and 609,820 cancer-related fatalities in 2023. The World Health Organisation (WHO) estimates cardiovascular diseases (CVDs) are the major cause of death for 17.9 Mn people globally. More than four out of five of these deaths-more than one-third-occur prematurely in adults under 70 and are caused by heart attacks and strokes. The requirement for quick and accurate biopsy operations is increasing as the incidence of these diseases rises. As a result, more ultrasound-guided biopsies are being used, fueling the demand for ultrasound needle guides. Furthermore, due to ongoing technological developments and an increasing focus on accurate tissue diagnoses, the market for ultrasound needle guides is anticipated to expand steadily over the forecasted period.

Challenges:
Radiologists and surgeons use core-needle and fine-needle biopsy techniques to evaluate abnormalities in a particular area. Patients may get an infection while having these therapies, though, as they require making cuts and incisions to collect tissue samples. Furthermore, the frequent reuse of needles increases the likelihood of infection during aspiration and biopsy operations. Healthcare professionals or product manufacturers do not advise reusing some needles, although it is common, particularly in developing nations.

Regional Trends:
The North American ultrasound needle guides market is expected to register a major market share and is expected to expand at a high CAGR soon. Due to the early commercialization of these devices in the region, the significant healthcare expenditure in the US, private investments and funding for product development, and the rising prevalence of target diseases like breast cancer, CVD, kidney stones, and arthritis, it currently holds a dominant position in the global market. Furthermore, throughout the Asia Pacific region, as a result of various factors, such as the continued trend of device shrinkage and the increased prevalence of target diseases. But during the anticipated period, it is anticipated that factors like strict government regulations regarding OB/GYN applications of ultrasound, a shortage of qualified sonographers, and the limited availability of medical reimbursements for ultrasound will restrain the growth of the Asia Pacific ultrasound needle guides market.
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Recent Developments:
• In Nov 2020, Protek Medical Products were acquired by Aspen Surgical. The acquisition of Protek expanded Aspen's portfolio of hospital and surgery centre-sold medical and patient & staff safety products.

• In Apr 2023, BD came out with an ultrasound probe for directing IV needles. BD calculated that more than 90% of hospital patients got IV fluids. Nearly two-thirds of these people had hard-to-find blood vessels, which often led to multiple needlesticks and fluid leaks into the surrounding tissue.

Segmentation of Ultrasound Needle Guides Market-
By Type
• Disposable Needle Guides
• Reusable Needle Guides
By Application
• Tissue Biopsy
• Fluid Aspiration
• Vascular Access Procedures,
• Nerve Block and Regional Anesthesia
• Other Applications
By End User
• Hospitals and Clinics
• Ambulatory Surgical Centers
• Diagnostic Imaging Centers
• Other End Users
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
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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