Needle Holder Industry Sizeworth $530.3 million by 2029

The report "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", 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 of this market is majorly driven by increase in initiatives and investments by the government in healthcare, rising demand and adoption for MIS, establishment of new facilities by hospitals which will give rise to a greater number of surgeries, and surge in road accidents.

Browse 280 market data Tables and 40 Figures spread through 250 Pages and in-depth TOC on "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"
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The mayo-hegar needle holder segment is expected to account for the largest share in 2023.

The Needle holder market, by type, has been segmented into mayo-hegar needle holder, Olsen-hegar needle holder, derf needle holder, crilewood needle holder, Castroviejo needle holder, and other types. In 2023, the mayo-hegar needle holder segment accounted for the largest market share. This is because this type of needle holder is being used by most of the surgeons in a large number of major surgeries such as gynecology, cardiology, and laproscopic surgeries, among others. Additionally, mayo-hegar offers a firm grip which makes it easy to use and most preferred.

Stainless steel segment held the largest market share in the Needle holder market.

Based on material, the needle holder market is segmented into stainless steel needle holder, tungsten carbide needle holder, and other materials. The stainless-steel needle holder segment accounted for the largest market share in 2023. This can be attributed due to its cost-effectiveness which makes it more affordable for many small hospitals and other healthcare facilities. It is more durable, corrosion resistant, sterilizable due to which it can be used in multiple surgery after sterilization.

Reusable needle holder segment held the largest market share in the Needle holder market.

Based on usage type, the needle holder market is segmented into reusable needle holder and single use needle holder. The reusable needle holder segment is expected to dominate the market during the forecast period. Market growth can be attributed due to affordability as it can be reused after being sterilized which will help in reducing the repeat purchase frequency and help in cost cutting in the long run.

North America dominates the global Needle holder market

Based on the region, the Needle holder market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and GCC. The North America market is driven by availability of growing acceptance for MIS, large number of road traumas and incidents which will lead to a greater number of injuries that require the use of surgical instruments like needle holders for sutures and wound closure. The Asia Pacific segment is projected to register the highest CAGR during the forecast period. Development and expansion of healthcare infrastructure and facilities, greater proportion of geriatric population, and growing incidence of cardiac diseases, bone related problems, and c-sections are some of the major factors driving the growth of this regional market.

Major players in Needle holder 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).

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