Ultrasound Needle Guides Market by Type (Reusable, Disposable), Application (Tissue Biopsy, Fluid Aspiration, Nerve Block, Regional Anesthesia, Vascular Access), End User (Hospitals, Clinics, ASC, Diagnostic Imaging Centers) - Global Forecast to 2027

Ultrasound Needle Guides Market by Type (Reusable, Disposable), Application (Tissue Biopsy, Fluid Aspiration, Nerve Block, Regional Anesthesia, Vascular Access), End User (Hospitals, Clinics, ASC, Diagnostic Imaging Centers) - Global Forecast to 2027

The global ultrasound needle guides market is projected to reach USD 369 million by 2027 from USD 274 million in 2022, at a CAGR of 6.1%.

Needle guides attach to the ultrasound transducer, directly or with a bracket, and improve needle placement accuracy and needle visibility. The system consists of a lockable, articulating needle guide that attaches to an ultrasound probe and a user interface that provides real-time visualization of the predicted needle trajectory overlaid on the ultrasound image.

The global ultrasound needle guides market is projected to reach USD 369 million by 2027 from USD 274 million in 2022, at a CAGR of 6.1%.The growth in the number of hospitals performing needle-guided surgeries is expected to create growth opportunities for this market during the forecast period. The rising population and initiatives to strengthen healthcare infrastructure across major markets are expected to prove favorable to the ultrasound needle guides market, as an increase in the number of healthcare facilities and setups will support the growth in diagnostic procedures such as ultrasound procedures..

The disposable needle guides segment accounted for the largest share of the global ultrasound needle guides market

In 2021, the disposable needle guides segment holds the largest share of the global ultrasound needle guides market as these needle guides reduce the risks associated with cross-contamination, as well as reduce clean-up time. Disposable guides can easily snap onto the transducer, while reusable guides have to be secured by working on systems, including screws and latches. This makes disposable guides easier to install and reduces the time required to get the device functioning..

The hospitals & clinics segment is estimated to dominate the ultrasound needle guides market in 2021

The hospitals & clinics segment is estimated to dominate the ultrasound needle guides market during the forecast period owing to the increasing investments and incentives received by hospitals from government bodies and private investors. Additionally, the increasing per capita income and growing healthcare awareness have compelled governments in Asian and Latin American countries to focus on ramping up their respective healthcare delivery infrastructures and providing access to preventive & curative care for a broader population .

US dominated the ultrasound needle guides market in North America in 2021

The US has a higher adoption rate of innovative technologies as compared to other countries, which is a major factor responsible for the large share of the US in the North American ultrasound needle guides market. Moreover, the increasing public emphasis on minimally invasive and effective therapeutic techniques, ongoing technological advancements, the growing availability of medical reimbursements for ultrasound procedures, and the growing number of diagnostic centers and hospitals in the country will further drive the market growth during the forecast period.

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

By Company Type– Tier 1- 34%, Tier 2- 38% Tier 3 - 28%

By Designation— C level - 26%, Managers & Other Level - 74%

By Region— North America - 17%, Europe - 39%, Asia Pacific - 28%, RoW-16%

Key players in the ultrasound needle guides market

The prominent players in the ultrasound needle guides market are 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), and Advance Medical Designs, Inc. (US).

Research Coverage:

The report analyzes the ultrasound needle guides market and aims at estimating the market size and future growth potential of this market based on various segments such as type, application, end user and region. The report also includes a product portfolio matrix of various ultrasound needle guides products available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.

Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

This report provides insights into the following pointers:

Market Penetration: Comprehensive information on product portfolios offered by the top players in the global ultrasound needle guides market. The report analyzes this market by type, application, end user and region.

Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global ultrasound needle guides market.

Market Development: Comprehensive information on the lucrative emerging markets by type, appication, end user and region.

Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global ultrasound needle guides market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global ultrasound needle guides market.