Needle Holders Market Size, Share & Trends Analysis Report By Type (Olsen-Hegar Needle Holder, Mayo-Hegar Needle Holder, Derf Needle Holder, Halsey Needle Holder), By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Needle Holders Market Size, Share & Trends Analysis Report By Type (Olsen-Hegar Needle Holder, Mayo-Hegar Needle Holder, Derf Needle Holder, Halsey Needle Holder), By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Needle Holders Market Growth &Trends

The global needle holders market size is expected to reach USD 505.50 million by 2030, registering a CAGR of 10.25% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth is driven by the increasing prevalence of chronic diseases, advancements in surgical techniques, the aging population, healthcare infrastructure developments, and the imperative of infection control. Advancements in medical technology would further drive the growth and also meet the demands of surgical practices.

Accidents and traumas are the leading causes of death and disability worldwide. The increasing incidence of these events is driving the demand for surgical needle holders, which are used to close wounds and repair injuries. Furthermore, minimally invasive surgeries are becoming increasingly popular due to their many advantages over traditional open surgery. Needle holders are essential tools for minimally invasive surgeries, as they allow surgeons to manipulate tissues and instruments with greater precision.

Furthermore,the aging global population contributes to the growth of the market. As the elderly population increases, the age-related medical conditions would also increase which would require surgical interventions. In addition, advanced healthcare infrastructure in emerging economies is also impacting the market growth positively. As these economies witness improvements in healthcare facilities and an increase in disposable income, the demand for better medical treatments and advanced surgical instruments also grows. This includes the demand for high-quality needle holders that healthcare practitioners require for performing surgical procedures.

Needle Holders Market Report Highlights

• Based on type, the Mayo-Hegar needle holder segment dominated the market with a share of over 20.64% in 2022 as these holders are essential tools used by surgeons for securely holding and suturing needles during surgical interventions stitching
• Based on application, the cardiovascular segment dominated the market in 2022 and can be attributed to increasing cases of cardiovascular diseases globally
• Based on end-use, the hospitals segment held the highest share of the market in 2022 as hospitals are often hubs for a wide range of medical procedures, including surgeries, diagnostics, and treatments
• In 2022, North America held the highest share of about 38.65%, attributed to the region’s robust infrastructure, research and development capabilities, and a thriving technology sector

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