Needle Holders Market Size, Share, Growth Report 2032

Needle Holders Industry Prospective:

The global needle holders market size was worth around USD 256.51 million in 2023 and is predicted to grow to around USD 630.04 million by 2032 with a compound annual growth rate (CAGR) of roughly 10.5% between 2024 and 2032.

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Needle Holders Market: Overview

Medical practitioners use needle holders, sometimes referred to as needle drivers, as surgical devices to hold a suturing needle while suturing and doing other procedures. They are made to give the surgeon a solid grasp on the needle while still enabling them to move it with control and precision. The needle holders market is being driven by several factors including growing surgical procedures, technological advancements, a rise in minimally invasive surgeries, an increase in healthcare expenditure, a rising incidence of chronic disease, increasing government initiatives, and many others.

Key Insights

• As per the analysis shared by our research analyst, the global needle holders market is estimated to grow annually at a CAGR of around 10.5% over the forecast period (2024-2032).
• In terms of revenue, the global needle holders market size was valued at around USD 256.51 million in 2023 and is projected to reach USD 630.04 million by 2032.
• The growing prevalence of chronic disease is expected to drive the global needle holders market growth over the forecast period.
• Based on the type, the mayo-hegar needle holder segment is expected to dominate the market during the forecast period.
• Based on the application, the cardiovascular segment is expected to capture a significant market share over the projected period.
• Based on the end-use, the hospital segment is expected to hold the largest market share over the projected period.
• Based on region, North America is expected to dominate the market during the forecast period.

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Needle Holders Market: Growth Drivers

Rapid technological development drives market growth

Rapid developments in medical technology have spurred the creation of creative needle holder designs that meet a range of surgical requirements. For sensitive surgical procedures, manufacturers are increasingly concentrating on developing needle holders with better grip mechanisms, ergonomic grips, and increased precision. The incorporation of elements like ratchets and locking mechanisms improves instrument control and lowers the possibility of unintentional needle slippage during procedures. In addition to reducing fatigue and enabling more precise motions, surgeons are also looking for instruments that improve suturing procedures, which is fueling demand for the global needle holders market.

Needle Holders Market: Restraints

High cost and stringent regulatory requirements hinder market growth

More expensive advanced needle holders with better materials and technology are sometimes available. The use of these tools may be hindered by their high cost, particularly in lower- and middle-income nations or smaller healthcare facilities with limited financial resources. In addition, strict regulations surrounding the surgical instrument industry guarantee both product effectiveness and patient safety. Manufacturers may face difficulties in getting the required clearances and adhering to strict regulations, as these processes can be expensive and time-consuming. Thus, this is expected to hamper the needle holder market over the projected period.

Needle Holders Market: Opportunities

The growing aging population along with the prevalence of chronic disease offers a lucrative opportunity for market growth

An additional factor driving the needle holders industry's expansion has been the aging population and the rising incidence of chronic illnesses. For ailments including hip replacements, heart surgeries, and cancer treatments, older persons need multiple surgical procedures. There will likely be a greater need for surgical treatments as the geriatric population grows, which would increase the need for surgical devices like needle holders. The introduction of cutting-edge needle holder technology is also being fueled by the need to ensure excellent surgical outcomes while reducing tissue harm in these circumstances. Thus, this is expected to offer a lucrative opportunity for market expansion over the projected period.

Needle Holders Market: Challenges

The availability of alternatives poses a major challenge to market expansion

The necessity for conventional needle holders may decline if substitute suturing tools like staplers and adhesive-based closure systems become more widely available. Because they are more user-friendly and efficient, these alternatives might be used for specific surgical procedures.

Needle Holders Market: Segmentation

The global needle holders industry is segmented based on type, application, end-use, and region.

Based on the type, the global needle holders market is bifurcated into olsen-hegar needle holder, mayo-hegar needle holder, derf needle holder, Halsey needle holder, Mathieu needle holder, crilewood needle holder, webster needle holder, and others. The mayo-hegar needle holder segment is expected to dominate the market during the forecast period. A variety of surgical operations can be performed with the adaptable and practical design of Mayo-Hegar needle holders. They can perform a wide range of surgeries, from general procedures to specific surgical specialties including orthopedics, gynecology, and plastic surgery, because their jaws are made to firmly grasp needles, sutures, and other surgical materials. The growth of the category is being propelled by the instrument's capacity to adapt to various surgical needs.

Based on the application, the global needle holders industry is bifurcated into cardiovascular, ophthalmic, urology, orthopedic, gynecology, dental, laparoscopic, and others. The cardiovascular segment is expected to capture a significant market share over the projected period because cardiovascular illnesses (CVDs) are becoming more prevalent worldwide. The World Health Organization (WHO) estimates that 17.9 million deaths worldwide are attributed to CVDs. Heart attacks and strokes account for 80% of deaths from CVD, and a large percentage of these deaths occur in those under the age of 70. These elements would therefore raise the need for sophisticated and accurate surgical instruments even more, which is expected to boost market expansion. These are crucial instruments for carrying out delicate operations, helping surgeons accomplish precise suturing, and lowering the number of premature deaths associated with CVDs.

Based on the end-use, the global needle holders market is bifurcated into hospitals, ambulatory surgical centers, and others. The hospital segment is expected to hold the largest market share over the projected period. Numerous surgical procedures, including emergency interventions, specialized operations, and general surgeries, are provided by hospitals. The necessity for surgical devices like needle holders is rising as a result of the significant number and variety of surgeries carried out in hospitals. Furthermore, the development of the market is being aided by sophisticated surgical teams, well-stocked operating rooms, and sophisticated healthcare infrastructure.

Needle Holders Market: Report Scope

Needle Holders Market: Regional Analysis

North America leads the market over the projected period

North America is expected to lead the global needle holders market growth during the forecast period. A high degree of medical education and experience, together with a focus on research and development (R&D), are elements that are responsible for this share and drive the adoption of cutting-edge medical technologies. The expansion of the market in the region is being further aided by manufacturers working with medical professionals to produce instruments that fulfill the needs of multiple surgical specialties.

Besides, the Asia Pacific is expected to grow at a rapid rate during the projected period. The aging population and increased access to healthcare services are the reasons for this. As the region's medical facilities become more accessible to the general public and as the healthcare infrastructure grows, the number of procedures carried out in the Asia Pacific region is increasing. Due to the increased surgical activity, there is a greater need for surgical equipment like needle holders, which are necessary for a variety of treatments from standard surgeries to sophisticated medical interventions.

Needle Holders Market: Competitive Analysis

The global needle holders market is dominated by players like:

• SOMATEX Medical Technologies GmbH
• MedGyn Products Inc.
• Johnson & Johnson Services Inc.
• A. Schweickhardt GmbH & Co. KG
• KLS Martin Group
• CareFusion Corporation
• Nordent Manufacturing Inc.
• Sklar Surgical Instruments
• Medline Industries Inc.
• Hu-Friedy

The global needle holders market is segmented as follows:

By Type

• Olsen-Hegar Needle Holder
• Mayo-Hegar Needle Holder
• Derf Needle Holder
• Halsey Needle Holder
• Mathieu Needle Holder
• Crilewood Needle Holder
• Webster Needle Holder
• Others

By Application

• Cardiovascular
• Ophthalmic
• Urology
• Orthopedic
• Gynecology
• Dental
• Laparoscopic
• Others

By End-use

• Hospitals
• Ambulatory Surgical Centers
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa