Needle Holders Market: Growth, Size, Share, and Trends

Market Growth Outlook Summary

The global needle holders market growth forecasted to transform from USD 367.3 million in 2024 to USD 530.3 million by 2029, driven by a CAGR of 7.6%. The growth of this market is driven by increasing investments in healthcare, hospital development, a higher volume of surgeries, the growing trend of microsurgery, and the rise in cosmetic, plastic, and reconstructive surgeries. However, the high costs associated with these surgeries could limit the market's growth.

Needle Holders Market – Global Forecast and Growth Insights to 2029

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Needle Holders Market – Global Forecast and Key Opportunities to 2029

Needle Holders Market Dynamics to 2029

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 Holders Market Map & Ecosystem Overview

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.

Needle Holders Market by Region – Forecast to 2029

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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).

Needle Holders Market Report Scope and Insights

Needle Holders Market Segmentation and Analysis

By Regional Split

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• GCC

By Type

• Castroviejo Needle Holder
• Olsen-Hegar Needle Holder
• Mayo-Hegar Needle Holder
• Derf Needle Holder
• Crile-Wood Needle Holder
• Other Types

By Application

• Surgery
• Dental Procedures
• Microsurgery

By Material

• Tungsten Carbide Needle Holder
• Stainless Steel Needle Holder
• Other Materials

By Usage Type

• Single Use Needle Holders
• Reusable Needle Holders

By End User

• Hospitals & Ambulatory Surgery Centres (ASCs)
• Other End Users

Needle Holders Market Recent Developments and Insights

• 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):

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