Needle Holders Market to Grow with a CAGR of 7.21% through 2028
Rising Minimally Invasive Surgery are expected to
drive the Global Needle Holders Market growth in the forecast period,
2024-2028.
According to TechSci Research report, “Needle
Holders Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Needle Holders Market stood at USD
226.52 million in 2022 and is anticipated to grow with a CAGR of 7.21% in the
forecast period, 2024-2028. Needle Holders are tools which provide surgeons and
healthcare professionals with precision and control when handling needles
during surgeries.
One of the foremost drivers of the global needle
holders market is the increasing prevalence of chronic diseases worldwide.
Conditions such as diabetes, cardiovascular diseases, and cancer often require
surgical interventions, making precision instruments like needle holders
indispensable. As the global burden of chronic diseases continues to rise, the
demand for needle holders is expected to follow suit.
Advancements in medical technology and a deeper
understanding of diseases have led to a surge in surgical procedures. From
open-heart surgeries to minimally invasive interventions, the need for
accurate, reliable, and ergonomic instruments has become paramount. Needle
holders are a crucial part of the surgeon's toolkit, ensuring that needles are
held securely and manipulated precisely. This increasing caseload of surgical
procedures contributes to the growth of the global needle holders market.
The medical device industry has witnessed significant
technological advancements in recent years. Needle holders have not been immune
to this trend. Modern needle holders are made from durable materials like
stainless steel and titanium, which enhances their longevity and corrosion
resistance. In addition to robust materials, ergonomic designs, and enhanced
features such as ratchets and locking mechanisms have made needle holders more
user-friendly and efficient. These innovations have driven the adoption of
advanced needle holders in the healthcare sector. Infection control is a top
priority in healthcare settings. Needlestick injuries pose a significant risk,
as they can lead to the transmission of bloodborne pathogens. Needle holders
with integrated safety features have gained popularity as they reduce the risk
of needlestick injuries. This safety aspect is a vital driver in the market, as
healthcare institutions are increasingly emphasizing the need for instruments
that prioritize the safety of both patients and medical professionals.
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Minimally invasive procedures have become the
preferred approach for many surgeries due to their numerous benefits, including
reduced recovery times and smaller incisions. These procedures require a
different set of instruments, including specialized needle holders designed for
precision in confined spaces. As the popularity of minimally invasive surgeries
continues to grow, the demand for needle holders tailored to this purpose is on
the rise, further boosting the global market.
The Global Needle Holders Market is segmented into Type,
Application, End-use, Regional Distribution, And Company.
Based on the Application, the Orthopedic
segment emerged as the dominant player in the global market for Global Needle
Holders Market in 2022. Orthopedic surgeries are among the most common surgical
procedures globally. These surgeries encompass a wide range of interventions,
from joint replacements to fracture repairs. As the aging population continues
to grow, the prevalence of orthopedic conditions, such as osteoarthritis and
fractures, has increased, leading to a surge in orthopedic surgical procedures.
Orthopedic surgeries often involve complex and delicate procedures that require
precise suturing and fixation of bones, tendons, and ligaments. Needle holders
play a crucial role in these surgeries by providing the control and grip
necessary to manipulate and suture tissues effectively.
Based on the End-use, the Hospitals
& clinics segment emerged as the dominant player in the global market for
Global Needle Holders Market in 2022. Hospitals and clinics are the primary
healthcare facilities where a substantial majority of surgical procedures take
place. These settings cater to a broad spectrum of medical conditions, from
routine surgeries to complex interventions. The extensive range of surgical
procedures performed in hospitals and clinics necessitates a steady supply of
surgical instruments, including needle holders. Hospitals are equipped to
provide a wide array of medical services, encompassing multiple surgical
specialties, such as general surgery, orthopedics, cardiovascular, gynecology,
and more. The diversity of surgical disciplines within hospitals and clinics
creates a substantial demand for various types of needle holders tailored to
specific medical procedures. Hospitals accommodate both inpatient and
outpatient surgeries, making them central hubs for surgical care. This broad
range of surgical services, from minor outpatient procedures to complex
inpatient surgeries, results in a consistent requirement for needle holders.
North America emerged as the dominant
player in the global Needle Holders Market in 2022, holding the largest market
share. North America witnesses a significant volume of surgical procedures
across various medical disciplines, including general surgery, orthopedics,
cardiovascular surgery, and more. With a substantial caseload, the need for
precision instruments like needle holders is consistently high. The region is a
hub for medical innovation and technological advancements. North American
manufacturers and research institutions have been at the forefront of
developing cutting-edge surgical instruments. These advancements have not only
improved the performance of needle holders but have also driven demand for
innovative products.
North America enforces strict safety and
quality standards for medical devices, ensuring that products meet the highest
regulatory requirements. The emphasis on patient and healthcare worker safety
has driven the adoption of safer needle holder designs and has shaped market
dynamics. he region's strong economic capacity allows healthcare facilities to
invest in the latest medical technologies and instruments, including needle
holders. This financial capability supports the continuous growth of the needle
holder’s market.
Major companies operating in Global Needle
Holders Market are:
- B.Braun
- J&J Instruments
- Becton, Dickinson and Company
- Olympus
- August Reuchlen GmbH
- Hu-Friedy
- Nordent Manufacturing
- Towne Brothers (PVT) LTD.
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“The Global Needle
Holders Market is poised for significant growth in the coming years, driven by
several key factors. The increasing prevalence of chronic diseases worldwide is
fueling the demand for surgical interventions, which, in turn, drives the need
for precision instruments like needle holders. the rise in minimally invasive
surgical procedures, which offer quicker recovery times and reduced scarring,
is propelling the demand for specialized needle holders tailored to these
techniques. Additionally, the growing emphasis on safety in healthcare settings
is boosting the market, as healthcare professionals prioritize instruments with
integrated safety features to mitigate the risk of needlestick injuries.
Furthermore, ongoing technological advancements are enhancing the design and
functionality of needle holders, further catalyzing market growth.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Needle Holders Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented 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
& clinics, Ambulatory Surgical Centers, Others) Region and Competition”, has evaluated
the future growth potential of Global Needle Holders Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Needle Holders Market.
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