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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1543656

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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1543656

Global Needle Holders Market Size Study, by Type, by Application, by End-use and Regional Forecasts 2022-2032

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The Global Needle Holders Market was valued at approximately USD 255.59 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 10.25% from 2024 to 2032. Needle holders, often referred to as needle drivers, are indispensable surgical instruments utilized to grasp and guide suturing needles during various surgical interventions. Equipped with a locking mechanism, these tools ensure the needle remains securely in place, thereby facilitating precise suture placement. Crafted primarily from stainless steel, needle holders are available in diverse sizes and designs, such as straight and curved tips, tailored to meet the distinct requirements of different surgical procedures. These instruments play a critical role across several medical fields including general surgery, dentistry, and veterinary medicine, primarily for wound closure and tissue repair. Their ergonomic design enhances stability and control, thereby minimizing the risk of needle slippage and improving surgical efficiency.

The market's expansion is driven by several factors, notably the increasing number of surgical procedures worldwide, advancements in minimally invasive techniques necessitating precise instrument control, the rising geriatric population which leads to a higher demand for surgical interventions, and the ongoing innovation in needle holder designs that optimize surgical efficiency. Additionally, the development of healthcare infrastructure in emerging economies, improved access to quality medical services, and a concerted focus on achieving better patient outcomes are also significant contributors to the growing demand for needle holders. The global demographic trend towards a larger and aging population directly correlates with an increase in the volume of surgeries and medical procedures, thus heightening the demand for medical instruments, including needle holders. Furthermore, emerging markets are experiencing robust healthcare infrastructure development and enhanced access to healthcare services, which amplifies the demand for advanced medical instruments. As income levels rise in these regions, the affordability of sophisticated medical procedures increases, further bolstering market growth. Also, rapid technological advancements in the medical field have spurred the development of innovative needle holder designs tailored to a variety of surgical needs. Manufacturers are focusing on enhancing grip mechanisms, ergonomic handles, and precision in delicate surgical procedures. Features such as locking mechanisms and ratchets significantly improve instrument control, reducing the risk of accidental needle slippage during surgeries. Surgeons seek tools that facilitate precise movements, minimize fatigue, and improve suturing techniques, driving the demand for advanced needle holders.

The growing geriatric population, coupled with the rising prevalence of chronic diseases, is another critical factor driving market growth. Older adults often require multiple surgical interventions for conditions such as joint replacements, cardiac surgeries, and cancer treatments. As the elderly population increases, the demand for surgical procedures and, consequently, surgical instruments including needle holders, is expected to rise. Ensuring high-quality surgical outcomes while minimizing tissue damage is paramount in these cases, driving the adoption of advanced needle holder technologies.

North America accounted for the largest market share of approximately 38.9% in 2023, driven by significant emphasis on research and development (R&D), high levels of medical education and expertise, and strong adoption of advanced medical devices. Collaboration between manufacturers and medical professionals in the region has led to the development of instruments that cater to various surgical specialties, further propelling market growth. Meanwhile, the Asia Pacific region is anticipated to exhibit the highest CAGR of over 12.19% from 2024 to 2032, driven by the increasing aging population and enhanced access to healthcare services. The rise in surgical procedures due to expanding healthcare infrastructure and greater accessibility to medical facilities in the region fuels the demand for essential surgical instruments such as needle holders.

Major market players included in this report are:

  • 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 detailed segments and sub-segments of the market are explained below:

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
  • Dental
  • Gynecology
  • Laparoscopic
  • Others

By End-use:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
  • Latin America
  • Brazil
  • Mexico
  • RoLA
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • RoMEA

Years considered for the study are as follows:

  • Historical year - 2022
  • Base year - 2023
  • Forecast period - 2024 to 2032

Key Takeaways:

  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.

Table of Contents

Chapter 1. Global Needle Holders Market Executive Summary

  • 1.1. Global Needle Holders Market Size & Forecast (2022-2032)
  • 1.2. Regional Summary
  • 1.3. Segmental Summary
    • 1.3.1. By Type
    • 1.3.2. By Application
    • 1.3.3. By End-use
  • 1.4. Key Trends
  • 1.5. Recession Impact
  • 1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Needle Holders Market Definition and Research Assumptions

  • 2.1. Research Objective
  • 2.2. Market Definition
  • 2.3. Research Assumptions
    • 2.3.1. Inclusion & Exclusion
    • 2.3.2. Limitations
    • 2.3.3. Supply Side Analysis
      • 2.3.3.1. Availability
      • 2.3.3.2. Infrastructure
      • 2.3.3.3. Regulatory Environment
      • 2.3.3.4. Market Competition
      • 2.3.3.5. Economic Viability (Consumer's Perspective)
    • 2.3.4. Demand Side Analysis
      • 2.3.4.1. Regulatory frameworks
      • 2.3.4.2. Technological Advancements
      • 2.3.4.3. Environmental Considerations
      • 2.3.4.4. Consumer Awareness & Acceptance
  • 2.4. Estimation Methodology
  • 2.5. Years Considered for the Study
  • 2.6. Currency Conversion Rates

Chapter 3. Global Needle Holders Market Dynamics

  • 3.1. Market Drivers
    • 3.1.1. Increasing Prevalence of Surgical Procedures
    • 3.1.2. Advancements in Minimally Invasive Techniques
    • 3.1.3. Growing Geriatric Population
  • 3.2. Market Challenges
    • 3.2.1. High Cost of Advanced Surgical Instruments
    • 3.2.2. Limited Accessibility in Underdeveloped Regions
  • 3.3. Market Opportunities
    • 3.3.1. Technological Innovations in Needle Holder Design
    • 3.3.2. Expanding Healthcare Infrastructure in Emerging Economies

Chapter 4. Global Needle Holders Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model
    • 4.1.7. Porter's 5 Force Impact Analysis
  • 4.2. PESTEL Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
    • 4.2.5. Environmental
    • 4.2.6. Legal
  • 4.3. Top investment opportunity
  • 4.4. Top winning strategies
  • 4.5. Disruptive Trends
  • 4.6. Industry Expert Perspective
  • 4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Needle Holders Market Size & Forecasts by Type 2022-2032

  • 5.1. Segment Dashboard
  • 5.2. Global Needle Holders Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
    • 5.2.1. Olsen-Hegar Needle Holder
    • 5.2.2. Mayo-Hegar Needle Holder
    • 5.2.3. Derf Needle Holder
    • 5.2.4. Halsey Needle Holder
    • 5.2.5. Mathieu Needle Holder
    • 5.2.6. Crilewood Needle Holder
    • 5.2.7. Webster Needle Holder
    • 5.2.8. Others

Chapter 6. Global Needle Holders Market Size & Forecasts by Application 2022-2032

  • 6.1. Segment Dashboard
  • 6.2. Global Needle Holders Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
    • 6.2.1. Cardiovascular
    • 6.2.2. Ophthalmic
    • 6.2.3. Urology
    • 6.2.4. Orthopedic
    • 6.2.5. Dental
    • 6.2.6. Gynecology
    • 6.2.7. Laparoscopic
    • 6.2.8. Others

Chapter 7. Global Needle Holders Market Size & Forecasts by End-use 2022-2032

  • 7.1. Segment Dashboard
  • 7.2. Global Needle Holders Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Million)
    • 7.2.1. Hospitals
    • 7.2.2. Ambulatory Surgical Centers
    • 7.2.3. Others

Chapter 8. Global Needle Holders Market Size & Forecasts by Region 2022-2032

  • 8.1. North America Needle Holders Market
    • 8.1.1. U.S. Needle Holders Market
      • 8.1.1.1. Type breakdown size & forecasts, 2022-2032
      • 8.1.1.2. Application breakdown size & forecasts, 2022-2032
      • 8.1.1.3. End-use breakdown size & forecasts, 2022-2032
    • 8.1.2. Canada Needle Holders Market
  • 8.2. Europe Needle Holders Market
    • 8.2.1. U.K. Needle Holders Market
    • 8.2.2. Germany Needle Holders Market
    • 8.2.3. France Needle Holders Market
    • 8.2.4. Spain Needle Holders Market
    • 8.2.5. Italy Needle Holders Market
    • 8.2.6. Rest of Europe Needle Holders Market
  • 8.3. Asia-Pacific Needle Holders Market
    • 8.3.1. China Needle Holders Market
    • 8.3.2. India Needle Holders Market
    • 8.3.3. Japan Needle Holders Market
    • 8.3.4. Australia Needle Holders Market
    • 8.3.5. South Korea Needle Holders Market
    • 8.3.6. Rest of Asia Pacific Needle Holders Market
  • 8.4. Latin America Needle Holders Market
    • 8.4.1. Brazil Needle Holders Market
    • 8.4.2. Mexico Needle Holders Market
    • 8.4.3. Rest of Latin America Needle Holders Market
  • 8.5. Middle East & Africa Needle Holders Market
    • 8.5.1. Saudi Arabia Needle Holders Market
    • 8.5.2. South Africa Needle Holders Market
    • 8.5.3. Rest of Middle East & Africa Needle Holders Market

Chapter 9. Competitive Intelligence

  • 9.1. Key Company SWOT Analysis
  • 9.2. Top Market Strategies
  • 9.3. Company Profiles
    • 9.3.1. SOMATEX Medical Technologies GmbH
      • 9.3.1.1. Key Information
      • 9.3.1.2. Overview
      • 9.3.1.3. Financial (Subject to Data Availability)
      • 9.3.1.4. Product Summary
      • 9.3.1.5. Market Strategies
    • 9.3.2. MedGyn Products Inc.
    • 9.3.3. Johnson & Johnson Services Inc.
    • 9.3.4. A. Schweickhardt GmbH & Co. KG
    • 9.3.5. KLS Martin Group
    • 9.3.6. CareFusion Corporation
    • 9.3.7. Nordent Manufacturing Inc.
    • 9.3.8. Sklar Surgical Instruments
    • 9.3.9. Medline Industries Inc.
    • 9.3.10. Hu-Friedy

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
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