Needle Holder Industry worth $530.3 million by 2029, with a CAGR of 7.6%
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"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/needle-holder-market-260494054.html
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).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Needle Holder Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
