Needle Holder Market Top Companies Analysis, Industry Size, Share, Demand, Growth, In-Depth Insight, Business Opportunities And Forecast 2029

The Needle holder market is consolidated and is dominated by few players. The major players operating in this market are B. Braun Melsungen Ag (Germany), Olympus Corporation (Japan), Karl Storz (Germany), Teleflex Incorporated (US), Integra LifeSciences Holdings Corporation (US), and Stille AB (Sweden).
The global needle holders market [https://www.marketsandmarkets.com/Market-Reports/needle-holder-market-260494054.html?utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=needleholdermarket] growth forecasted to transform from USD 367.3 million in 2024 to USD 530.3 million by 2029, driven by a CAGR of 7.6%. The growth of this market is driven by increasing investments in healthcare, hospital development, a higher volume of surgeries, the growing trend of microsurgery, and the rise in cosmetic, plastic, and reconstructive surgeries. However, the high costs associated with these surgeries could limit the market's growth.

Download PDF Brochure: [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=260494054&utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=needleholdermarket]

Browse in-depth TOC on "Needle Holder Market"

280 - Tables40 - Figures250 - Pages

The mayo-hegar needle holder segment is expected to account for the largest share

The Needle holder market, by type, has been segmented into mayo-hegar needle holder, Olsen-hegar needle holder, derf needle holder, crilewood needle holder, Castroviejo needle holder, and other types. In 2023, the mayo-hegar needle holder segment accounted for the largest market share. This is because this type of needle holder is being used by most of the surgeons in a large number of major surgeries such as gynecology, cardiology, and laproscopic surgeries, among others. Additionally, mayo-hegar offers a firm grip which makes it easy to use and most preferred.

Stainless steel segment held the largest market share in the Needle holder market.

Based on material, the needle holder market is segmented into stainless steel needle holder, tungsten carbide needle holder, and other materials. The stainless-steel needle holder segment accounted for the largest market share in 2023. This can be attributed due to its cost-effectiveness which makes it more affordable for many small hospitals and other healthcare facilities. It is more durable, corrosion resistant, sterilizable due to which it can be used in multiple surgery after sterilization.

Reusable needle holder segment held the largest market share in the Needle holder market.

Based on usage type, the needle holder market is segmented into reusable needle holder and single use needle holder. The reusable needle holder segment is expected to dominate the market during the forecast period. Market growth can be attributed due to affordability as it can be reused after being sterilized which will help in reducing the repeat purchase frequency and help in cost cutting in the long run.

North America dominates the global Needle holder market

Based on the region, the Needle holder market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and GCC. The North America market is driven by availability of growing acceptance for MIS, large number of road traumas and incidents which will lead to a greater number of injuries that require the use of surgical instruments like needle holders for sutures and wound closure. The Asia Pacific segment is projected to register the highest CAGR during the forecast period. Development and expansion of healthcare infrastructure and facilities, greater proportion of geriatric population, and growing incidence of cardiac diseases, bone related problems, and c-sections are some of the major factors driving the growth of this regional market.

Request Sample Pages: [https://www.marketsandmarkets.com/requestsampleNew.asp?id=260494054&utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=needleholdermarket]

Market Dynamics and Key Players

The needle holder market is concentrated, with a few major players dominating the space. Key companies include B. Braun Melsungen AG (Germany), Olympus Corporation (Japan), Karl Storz (Germany), Teleflex Incorporated (US), Integra LifeSciences Holdings Corporation (US), and Stille AB (Sweden).

B. Braun Melsungen AG

In 2023, B. Braun Melsungen AG led the needle holder market. The company maintains its top position through extensive distribution networks across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. B. Braun is a major manufacturer of surgical and microsurgical instruments, including needle holders used in a variety of surgeries such as cardiac, plastic, and orthopedic, contributing to its significant market share.

Olympus Corporation

Olympus Corporation held the second position in the needle holder market in 2023. Known for its trusted brand in the medical device industry, Olympus continues to invest heavily in research and development (R&D), increasing its R&D spending to USD 447 million in 2023 from USD 442 million in 2022. This investment supports Olympus in maintaining its competitive edge and enhancing its product offerings.

Teleflex Incorporated

Teleflex Incorporated ranked third in the needle holder market in 2023. The company offers a range of needle holders used in various surgical procedures and focuses on expanding its global reach. Operating in over 150 countries, Teleflex's strategic expansion efforts help reduce its reliance on any single market, broadening its market presence and strengthening its product portfolio.

For more information, [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=260494054&utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=needleholdermarket]

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=needle-holder-market-top-companies-analysis-industry-size-share-demand-growth-indepth-insight-business-opportunities-and-forecast-2029]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/needle-holder-market-260494054.html

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.