Ultrasound Needle Guides Market

The global ultrasound needle guides market in terms of revenue was estimated to be worth $274 million in 2022 and is poised to reach $369 million by 2027, growing at a CAGR of 6.1% from 2022 to 2027. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.

Needle guides were developed to allow passage of the needle via a predetermined track, and it has been hypothesized that decreased path deviation translates to improved outcomes. Employment of a needle guide represents a one-time procurement cost of the bracket and regular disinfection of the needle guide to maintain sterility. A needle guide allows for fewer attempts to reach a lesion. As a result, it is less traumatic for the patient and can reduce the bleeding usually occurring in the aftermath of a biopsy. Using a needle guide for biopsies also helps fight infections. Needle guides make interventional procedures easily reproducible by making them simple and straightforward. Once the probe is aligned with the target, introducing the needle becomes effortless. These advantages will drive the growth of the global market during the forecast period.

Global Ultrasound Needle Guides Market Trends

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Ultrasound Needle Guides Market Dynamics

Drivers: Increasing prevalence of target diseases

Ultrasound needle guides have applications in the diagnosis and treatment of diseases such as cancer and CVD. The prevalence of these target diseases is increasing across the globe due to factors such as the rising geriatric population and the increasing adoption of sedentary lifestyles.

In 2020, nearly 9.3% (727 million) of the global population was aged 65 years and above; this figure is projected to reach nearly 16% (1.5 billion) by 2050. The median age of the world's population is increasing due to a decline in mortality and a 20-year increase in the average lifespan during the second half of the 20th century. According to the CDC, by 2050, the average lifespan is expected to increase by 10 years globally. Owing to this trend, there is growing pressure on public health systems and an increasing need for the effective diagnosis and treatment of diseases.

Restraints: Risk of infections associated with use of aspiration and biopsy needles

Biopsy needle procedures, such as core-needle and fine-needle procedures, assist radiologists and surgeons in examining abnormalities at a particular site. However, patients can contract infections during these procedures as they involve cuts and incisions for removing tissue samples. Also, in several cases, aspiration and biopsy needles are reused, which further increases the risk of infection during these procedures. Even though the reuse of some needles is not recommended by healthcare authorities as well as product manufacturers, this practice is still prevalent, especially in developing countries.

Opportunities: Growth opportunities in emerging economies

An increase in the per capita income and healthcare expenses in developing markets across APAC and Latin America has increased patient access to advanced healthcare treatments. However, some countries in the APAC and Latin America rely heavily on purchasing medical devices (including ultrasound devices and accessories) from developed countries such as the US, Japan, Germany, and Ireland. This represents significant growth opportunities for players operating in the ultrasound needle guides market. According to the World Bank, Asia accounts for more than half of the world’s population. Authorities in various developing countries in this region are planning to establish new healthcare delivery models, such as day-care centers, single-specialty hospitals, and long-term care centers, to serve larger population sections. Many private enterprises are also taking steps to cater to the needs of modern and well-equipped state-run healthcare facilities in these countries. In China, the private hospital sector is expected to maintain double-digit growth over the coming years owing to regulatory changes, market demand, and capital investments. In the private hospitals segment, specialty hospitals are witnessing high growth.

Challenges: Limited number of skilled medical professionals

Ultrasound procedures require skilled professionals. However, globally, there is a shortage of these physicians and surgeons. According to the Fourth Global Forum on Human Resources for Health, conducted by the WHO in 2017, the global shortage of healthcare workers is expected to rise to 40 million by 2030. The most acute shortage is expected to be in the Southeast Asian and African regions.

Estimates from the Association of American Medical Colleges (AAMC) in 2017 indicate a projected shortfall of nearly 105,000 physicians by 2030 in the US. The projected shortage of physicians has increased across all specialties. For primary care, a shortage of between 7,300 and 43,100 physicians is expected. Non-primary care specialties—including medical, surgical, and other specialties—are expected to experience a shortfall of between 33,500 to 61,800 physicians.

Based on type, the disposable needle guides segment of ultrasound needle guides market, will grow at the highest CAGR during the forecast period

Based on type, the market is segmented into reusable needle guides and disposable needle guides. The demand for disposable needle guides is expected to grow due to their benefits over reusable needle guides. A disposable needle guide is made of a single piece of medical-grade plastic. However, the high cost of treatment and diagnosis, as well as the lack of awareness, are hindering the growth of the disposable needle guides market .

Based on application, the tissue biopsy segment of ultrasound needle guides market, will grow at the highest CAGR during the forecast period

Based on application, the market is segmented into tissue biopsy, fluid aspiration, vascular access procedures, nerve block and regional anesthesia, and other applications. the tissue biopsy segment will grow at the highest CAGR during the forecast period as biopsies are majorly used to diagnose cancer, but they can help identify other conditions, such as infections and inflammatory and autoimmune disorders.

Based on end user, the hospitals and clinics segment of ultrasound needle guides market, will grow at the highest CAGR during the forecast period

Based on end user, the market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic imaging centers, and other end users. In 2021, the hospitals segment will grow at the highest CAGR during the forecast period. The growth of hospitals and clinics segment can be attributed to the growing number of hospitals across major markets and the rising adoption of minimally invasive diagnostic and surgical procedures (such as biopsies, endoscopic procedures, and hysteroscopy) in these facilities

North America is expected to account for the largest share of the ultrasound needle guides market in 2021

North America is expected to account for the largest share of the global market in 2021. Its dominance in the global market is mainly attributed to the large share of North America in the global market is attributed to the early commercialization of these devices in the region, and the significant healthcare expenditure in the US, include private investments and funding for product development and the increasing prevalence of target diseases such as breast cancer, CVD, kidney stones, and arthritis.

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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).

Ultrasound Needle Guides Market Report Scope:

The study categorizes the ultrasound needle guides market into following segments and sub-segments:

By Type

• Disposable Needle Guides
• Reusable Needle Guides

By Application

• Tissue Biopsy
• Fluid Aspiration
• Vascular Access Procedures,
• Nerve Block and Regional Anesthesia
• Other Applications

By End User

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Diagnostic Imagig Centers
• Other End Users

By region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa

Recent Developments

• In April 2022, Audax Private Equity has invested in Aspen Surgical. This investment has helped Audax to support Aspen as it pursues imminent organic growth and larger-scale acquisition opportunities to expand globally as a leading provider of single-use surgical products to acute care and surgical settings.
• In March 2021, Aspen Surgical has acquired Bluemed Medical Supplies. The acquisition of BlueMed has strengthened Aspen’s broad portfolio of surgical disposables and patient and staff safety products sold in the acute care market.
• In November 2020, Aspen Surgical has acquired Protek Medical Products. The acquisition of Protek has strengthened Aspen’s broad portfolio of medical and patient & staff safety products sold in the hospitals and surgery centers markets. 

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