Needle Holder Market by Type (Mayo-Hegar, Olsen-Hegar, Crilewood, Derf, Castroviejo), Application (Surgery, Microsurgery, Dental), Material (Stainless Steel, Tungsten Carbide), Usage Type (Reusable, Single Use), End User, Region - Global Forecast to 2029
The global Needle holder market is projected to reach USD 530.3 million by 2029 from USD 367.3 million in 2024, at a CAGR of 7.6% during the forecast period. The growth in this market is attributed to the growing initiatives like invesmnets in healthcare for development and expansion of hospitals, higher volume of surgeries being conducted, uptake of microsurgery trend, and adoption of cosmetic and plastic or reconstructive surgeries. However, premium costs of surgeries could restrain the growth of this market.
Promising Opportunities in the Needle Holder Market
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Global Needle Holder Market Dynamics
DRIVER: High prevalence of chronic sinusitis
There is a major transformation with general surgeries which is in terms of advancements in technology and precision over the years, due to which there is a shift in the way surgical procedures are being performed in operating rooms nowadays. Microsurgery, which is the specialized surgical technique of observing through a compound microscope when operating with special miniaturized instruments. Surgeons are opting for microsurgeries as they are much more advanced and offer precision than most of the current techniques of surgeries. Microsurgeries offer distinct advantages over traditional surgeries, for instance, improved visibility of root surfaces, precision in removal of calculus removal and root smoothness, lesser complications during operations, shorter operating times, minimal incisions due to which there is lesser blood loss and trauma, fewer scars and fewer tissue injuries, lower risk of infection, reduction in post-operative care, and shorter hospital stays.
RESTRAINT: Availability of alternative surgical techniques
Non-surgical techniques which involve radiology and robotic assisted surgeries are on the rise which will further reduce the need for old surgical instruments such as needle holders. Laparoscopic and robotic assisted surgeries which are minimally invasive are gradually gaining popularity because they offer various advantages which involves lesser recovery times, minimal incisions, and causing minimal post-operative pain. Special devices such as trocars, cannulas, and robotic arms are being used in these type of surgeries that can minimize the need for instruments like needle holders.
OPPORTUNITY: Increased adoption of outpatient surgeries
Ambulatory surgeries like outpatient surgeries or day surgeries doesn't require an overnight or longer hospital stays. Outpatient term itself means that patient may enter and leave the facility on the same day. Outpatient surgery is advantageous over inpatient surgery offering much more convenience and reduction in costs. Procedures like tonsillectomy, hernia repair, gallbladder removal, some cosmetic surgeries, cataract surgery, mole removal, and arthroscopy are considered as outpatient surgeries. Globally, there is an expansion of outpatient surgery services offering additional opportunities for the manufacturers and suppliers of surgical instruments like needle holders.
CHALLENGE: lack of skilled surgeons
Surgeons who are highly skilled are required to handle advanced surgical instruments like needle holder to perform surgeries especially in neurosurgery and ophthalmology, with minimal incisions that can avoid maximum blood loss during the surgical procedure. Surgeons and medical staff/assistants require specialized training for using advanced needle holders. In regions with limited access to medical education resources, ensuring adequate amount of training programs and addressing skill gaps can be a challenge for the administration.
Needle Holder Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of Needle holder. These companies have been operating in the market for several years and possess diversified state-of-the-art technologies, product portfolios, and strong global sales and marketing networks. Prominent companies in this market include B. Braun Melsungen Ag (Germany), Olympus Corporation (Japan), Karl Storz (Germany), Teleflex Incorporated (US), Integra LifeSciences Holdings Corporation (US), and Stille AB (Sweden).
“In 2023, mayo-hegar needle holder segment to observe the highest growth rate of the Needle holder market, by type.”
The needle holder market, by type, is segmented into Castroviejo Needle Holder, Olsen-Hegar Needle Holder, Mayo-Hegar Needle Holder, Derf Needle Holder, Crile-Wood Needle Holder, and Other Types. The mayo-hegar needle holder is expected to account for the larger share in the needle holder market as these are commonly used during most of the surgical procedures which is because they are most preferred by the surgeons due to its firm grip and handling during the surgeries.
“In 2023, surgery segment to dominate the Needle holder market, by application”
Based on application, the needle holder market is segmented into surgery, microsurgery, and dental procedures. The surgery segment accounted for the largest market share in 2023. This can be attributed due to the large number of populations who are more than 60 years of age with weakened immune system which makes them prone to major type of diseases and the growing developments and expansions in hospital sector along with the rise in number of surgeons will additionally aid in the growth the surgery segment during the forecast period.
“In 2023, reusable needle holder segment to dominate the Needle holder market, by usage type.”
Based on usage type, the needle holder market is segmented into reusable needle holder and single use needle holder. The reusable needle holder segment accounted for the largest market share in 2023. This is because it can be reused once disinfected and sterilized which will reduce the overhead costs of frequent purchase. The single use needle holder to account for higher CAGR because of the rise in hospital acquired infections and as they are presterilized, it is immediately available for use during surgeries.
“In 2023, North America to dominate in Needle holder market.”
The global Needle holder market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC. North America is expected to dominate during the forecast period, primarily due to the highly developed healthcare system, large volumes of surgeries, expansion of ASCs due to its low cost, and increased adoption of elective surgeries such as cosmetic and reconstructive surgeries that is driving the demand for surgical instruments like Castroviejo needle holders which is mainly used in microsurgeries.
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The Needle holder market is dominated by players such as B. Braun Melsungen Ag (Germany), Olympus Corporation (Japan), Karl Storz (Germany), Teleflex Incorporated (US), Integra LifeSciences Holdings Corporation (US), and Stille AB (Sweden).
Overview of the Needle Holder Market Report
|
Report Metric |
Details |
|
Market Size Available for Years |
2022–2029 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2029 |
|
Forecast Units |
Value (USD) |
|
Segments Covered |
Type, application, material, usage type, end user, and region. |
|
Geographies Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa, GCC. |
This research report categorizes the Needle holder market into the following segments:
Regional Split
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- GCC
Type
- Castroviejo Needle Holder
- Olsen-Hegar Needle Holder
- Mayo-Hegar Needle Holder
- Derf Needle Holder
- Crile-Wood Needle Holder
- Other Types
Application
- Surgery
- Dental Procedures
- Microsurgery
Material
- Tungsten Carbide Needle Holder
- Stainless Steel Needle Holder
- Other Materials
Usage Type
- Single Use Needle Holders
- Reusable Needle Holders
End User
- Hospitals & Ambulatory Surgery Centres (ASCs)
- Other End Users
Recent Developments:
- In 2023, Stille AB (Sweden) acquired Fehling Instruments GmbH & Co. KG (Germany). The acquisition of Fehling means that Stille have strengthen the offering as the most high-quality manufacturer of surgical instruments in the premium segment within selected, niche clinical segments. This brings significant value to Stille's operations.
- In 2021, Stille AB (Sweden) acquired Swiss S&T AG (Switzerland). The acquisition of S&T means unifying the industry’s two most high-quality manufacturers of surgical instruments in the premium segment. This brings significant value for Stille's business.
Frequently Asked Questions (FAQ):
What is the projected market value of the global Needle holder market?
The global market of Needle holder is projected to reach USD 530.3 Million by 2029
What is the estimated growth rate (CAGR) of the global Needle holder market for the next five years?
The global Needle holder market is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.6% from 2024 to 2029. .
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The objective of the study is to analyze the key market dynamics, such as drivers, opportunities, challenges, restraints, and key player strategies. To track company developments such as acquisitions, product launches, expansions, collaborations, agreements, and partnerships of the leading players, the competitive landscape of the Needle holder market to analyze market players on various parameters within the broad categories of business and product strategy. Top-down and bottom-up approaches were used to estimate the market size. To estimate the market size of segments and subsegments, the market breakdown and data triangulation were used.
The four steps involved in estimating the market size are:
Collecting Secondary Data
The secondary research data collection process involves the usage of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B), annual reports, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the Needle holder market. A database of the key industry leaders was also prepared using secondary research.
Collecting Primary Data
The primary research data was conducted after acquiring knowledge about the Needle holder market scenario through secondary research. A significant number of primary interviews were conducted with stakeholders from both the demand side (such as hospitals, ASCs and other end users) and supply side (such as included various industry experts, such as Directors, Chief X Officers (CXOs), Vice Presidents (VPs) from business development, marketing, and product development teams, product manufacturers, wholesalers, channel partners, and distributors) across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, Latin America, and GCC. Approximately 40% of the primary interviews were conducted with stakeholders from the demand side, while those from the supply side accounted for the remaining 60%. Primary data for this report was collected through questionnaires, emails, and telephonic interviews.
A breakdown of the primary respondents is provided below:
Breakdown of Primary Participants:
Note 1: *Others include sales managers, marketing managers, and product managers.
Note 2: Tiers are defined based on a company’s total revenue as of 2023: Tier 1=> USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3=< USD 500 million.
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Market Size Estimation
All major product manufacturers offering various Needle holder were identified at the global/regional level. Revenue mapping was done for the major players and was extrapolated to arrive at the global market value of each type of segment. The market value Needle holder market was also split into various segments and subsegments at the region and country level based on:
- Product mapping of various manufacturers for each type of Needle holder market at the regional and country-level
- Relative adoption pattern of each Needle holder market among key indication segments at the regional and/or country-level
- Detailed primary research to gather qualitative and quantitative information related to segments and subsegments at the regional and/or country level.
- Detailed secondary research to gauge the prevailing market trends at the regional and/or country level
Global Needle holder Market Size: Top Down Approach
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Global Needle holder Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the Needle holder industry.
Market Definition
The needle holder is an essential component of every surgical tool kit which looks like surgical scissors. It is also known as a needle driver or needle forceps. Needle holder assists the surgeon by holding the suture needles in place during the surgical procedure. Moreover, the surgical tool reduces the chances of slippage by firmly grasping the needles. Thus, the needles can easily reach the areas that are difficult to access during a surgical procedure. Most needle holders have a ratchet mechanism towards the handles which clamp the jaws in place. The jaws are textured, and some needle holder’s jaws are made from Tungsten Carbide.
Key Stakeholders
- Senior Management
- Finance/Procurement Department
- Doctors/HCPs
- Surgeons
Report Objectives
- To provide detailed information about the factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To define, describe, segment, and forecast the Needle holder market by type, application, material, usage type, end user, and region.
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall Needle holder market
- To forecast the size of the Needle holder market in five main regions along with their respective key countries, namely, North America, Europe, the Asia Pacific, Latin America, Middle East & Africa, and GCC.
- To profile key players in the Needle holder market and comprehensively analyze their core competencies and market shares
- To track and analyze competitive developments, such as acquisitions; product launches; expansions; collaborations, agreements, & partnerships; and R&D activities of the leading players in the Needle holder market.
- To benchmark players within the Needle holder market using the Competitive Leadership Mapping framework, which analyzes market players on various parameters within the broad categories of business and product strategy
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the Needle holder market
- Profiling of additional market players (up to 5)
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the Needle holder Market
Growth opportunities and latent adjacency in Needle Holder Market