Global Needle Holders Market 2023-2030

Global Needle Holders Market 2023-2030

Global Needle Holders Market Size, Share & Trends Analysis Report by Type (Mayo Hegar Needle Holder, Mathieu Needle Holder, Castroviejo Needle Holder, Debakey Needle Holder, Derf Needle Holder, Halsey Needle Holder, Heaney Needle Holder, and Tungsten Carbide Needle Holder), by Application (Dental, Cardiovascular, Gynecology, Ophthalmic, Orthopedic and Others), and by End-User (Hospitals and Ambulatory Surgical Centers) Forecast Period (2023-2030)

The global needle holders market is anticipated to grow at a CAGR of 11.8% during the forecast period (2023-2030). Pivotal factors such as the rising prevalence of surgical procedures globally, advancements in minimally invasive techniques requiring precise instrument control, the growing geriatric population leading to higher demand for surgical interventions, and the continuous development of innovative needle holder designs that boost surgical efficiency.

Segmental Outlook

The global needle holders market is segmented on the type, application and end user. Based on the type, the market is sub-segmented into mayo hegar needle holder, mathieu needle holder, castroviejo needle holder, debakey needle holder, derf needle holder, halsey needle holder, heaney needle holder, and tungsten carbide needle holder. Based on the application, the market is sub-segmented into dental, cardiovascular, gynecology, ophthalmic, orthopedic and others. Further, the other applications includes laparoscopic, and urology. Further, based on end user, the market is sub-segmented into hospitals and ambulatory surgical centers. Among the end user, the ambulatory surgical centers sub-segment is anticipated to hold a considerable share of the market, owing to the significant shift toward outpatient procedures, proper specialization in specific procedures, the rising focus on minimally invasive procedures, and the adoption of technological advancements.

The cardiovascular Sub-Segment is Anticipated to Hold a Considerable Share of the Global Needle Holders Market

Among the application, the cardiovascular sub-segment is expected to hold a considerable share of the global needle holders market. The segment growth is attributed to the increasing prevalence of CVDs around the globe. According to the WHO, approximately 17.9 million people die due to CVDs annually, representing 32% of all global deaths. Of these deaths, 85% were due to heart attack and stroke. Hence, these factors would further lift the demand for advanced and precise surgical tools, which is projected to surge market growth. These are essential tools for performing delicate surgeries, helping surgeons achieve accurate suturing, and contributing to reducing the number of premature CVD mortality.

Regional Outlook

The global needle holders market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia pacific is anticipated to hold a prominent share of the market across the globe, owing to the rising treatment rates, the rising disposable income and improving healthcare infrastructure in emerging economies are driving the Needle Holders market in the Asia Pacific.

The North America Region is Expected to Grow at a Significant CAGR in the Global Needle Holders Market

Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. The North America market is growing owing to factors including the rising number of surgeries including cosmetic surgical procedures due to unhealthy lifestyles, and the growing standard of living is expected to boost the market. According to the American Society of Plastic Surgeons (ASPS), in 2022, total cosmetic surgical procedures were 1,498,361 which increased from 1,255,228 in 2019.Further, rising prevalence of chronic diseases, such as cardiovascular and neurological disorders is growing at a rapid pace thus accelerating the surgical needle holder market in North America.

American Society for Metabolic and Bariatric Surgery, in 2021, type 2 diabetes, the most common form of diabetes. There are 32.6 million people in the US living with type 2 diabetes. Moreover, this disease lead to many serious health problems including heart disease, stroke, high blood pressure, kidney failure, blindness, skin wounds, nerve damage (neuropathy), erectile dysfunction, and cognitive decline among many others. Such diseases required to the surgery which anticipate to propel the demand for needle holders market.

Market Players Outlook

The major companies serving the global needle holders market include Becton, Dickinson, and Company, Hu-Friedy Mfg. Co., LLC, J & J Instruments, Inc., Olympus Corp., B. Braun of America Inc., Bailey Instruments Ltd, Duckworth & Kent Ltd, H&H Co., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021, Corza Medical GmbH acquired Katena products and its ophthalmic surgery offerings. Katena develops ophthalmic products used across cataract, glaucoma, and corneal surgeries, including precision surgical instruments, single-use devices, and specialty biologics.The acquisition expanded its surgical product portfolio while adding significant scale, product breadth and infrastructure to its ophthalmic surgery segment.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global needle holders market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.