Foremost Companies in the Needle Holder Market: B. Braun Melsungen Ag (Germany) and Olympus Corporation (Japan)
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 rise in number of chronic disease cases and related surgeries, increase in uptake of minimally invasive surgeries, and increase in number of road accidents to drive the market. However, higher procedural costs and alternative surgical techniques to restrain market growth.
The Needle holder market is consolidated and is dominated by few players. The major players operating in this market are 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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B. Braun Melsungen AG (Germany)
In 2023, B. Braun held the leading position in the needle holder market. The company has maintained a leading position in the market through its strong distribution networks across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. B. Braun Melsungen AG is one of the largest manufacturers of surgical and microsurgical instruments that include forceps, sutures, scissors, tissue grasping forceps, and needle holders. The needle holder product range is widely used in various surgery types such as cardiac, plastic, orthopedic, among others which account to the large market share application in the needle holder’s segment.
Olympus Corporation (Japan)
In 2023, the second position is secured by Olympus Corporation in the needle holder market. Olympus is a trusted brand name in the medical device industry, due to which medical professionals are confident with the brand. Olympus Corporation is maintaining its position by investing a considerable amount in the companies in R&D, which will enable Olympus to maintain its position compared to its competitors and effectively improve its products range over the time. For example, Olympus increased their R&D spending in 2023 to USD 447 million from USD 442 million in 2022.
Teleflex Incorporated (US)
In 2023, Teleflex Incorporated secured the third position in the needle holder market. Teleflex is offering various types of needle holders which are commonly used during the surgeries. The strategic focus of the company is on the expansions which will strengthen its reach and product portfolio. Teleflex Incorporated is operating globally in more than 150 countries which is enabling the company to tap into diverse markets, due to which there is reduction in the dependency on any single market.
Related Reports:
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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