PUBLISHER: TechSci Research | PRODUCT CODE: 1691719
PUBLISHER: TechSci Research | PRODUCT CODE: 1691719
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Global Needle Holders Market was valued at USD 248.65 million in 2024 and is expected to reach USD 412.57 million by 2030 with a CAGR of 8.81% during the forecast period. The global needle holders market is a critical segment of the broader medical devices industry, primarily driven by the growing demand for precision instruments in surgical procedures. Needle holders are essential tools used by healthcare professionals, particularly surgeons and nurses, to securely grasp and manipulate needles during various medical procedures. The market has witnessed steady growth in recent years due to several factors.
Market Overview | |
---|---|
Forecast Period | 2026-2030 |
Market Size 2024 | USD 248.65 Million |
Market Size 2030 | USD 412.57 Million |
CAGR 2025-2030 | 8.81% |
Fastest Growing Segment | Mayo-Hegar Needle Holder |
Largest Market | North America |
Key Market Drivers
Rising Prevalence of Chronic Diseases
The rising prevalence of chronic diseases is a significant driving force behind the burgeoning global needle holders market. Chronic diseases, including diabetes, cardiovascular disorders, and various types of cancer, have become a global health crisis. These conditions often necessitate surgical interventions, creating a substantial demand for precision instruments such as needle holders. As chronic diseases continue to affect a growing portion of the population, the need for surgical procedures remains on an upward trajectory. Patients require precise and safe surgical treatments to manage or mitigate the effects of these conditions. In surgeries related to chronic diseases, needle holders are indispensable tools used by healthcare professionals to securely grasp, manipulate, and suture delicate tissues and vessels.
According to WHO, Noncommunicable diseases (NCDs) killed at least 43 million people in 2021, equivalent to 75% of non-pandemic-related deaths globally. In 2021, 18 million people died from an NCD before age 70 years; 82% of these premature deaths occur in low- and middle-income countries. Cardiovascular diseases account for most NCD deaths, or at least 19 million deaths in 2021, followed by cancers (10 million), chronic respiratory diseases (4 million), and diabetes (over 2 million including kidney disease deaths caused by diabetes).
Key Market Challenges
Needlestick Injuries and Safety Concerns
Needlestick injuries, a prevalent occupational hazard in healthcare settings, have emerged as a significant concern, creating obstacles for the global needle holders market. These injuries, which involve accidental punctures or pricks with needles, not only pose immediate physical risks but also carry the potential for transmitting bloodborne infections. As a result, safety concerns are at the forefront of healthcare, prompting the development of safer needle holder designs and impacting market dynamics.
Healthcare professionals, particularly surgeons and nurses, are at high risk of needlestick injuries due to their frequent exposure to sharp instruments, including needle holders. These injuries can result from a variety of circumstances, such as recapping needles, disposing of sharps, or accidental slips during surgery. The potential for transmitting infections like HIV, hepatitis B and C, and other bloodborne pathogens adds a layer of complexity to the issue.
Key Market Trends
Minimally Invasive Surgery on the Rise
The global needle holders market is experiencing a significant boost due to the rising prominence of minimally invasive surgery. Minimally invasive procedures, characterized by small incisions and specialized instruments, have revolutionized the field of surgery by offering patients shorter recovery times, reduced scarring, and decreased post-operative pain. This surgical approach has necessitated the development of needle holders tailored for the unique demands of minimally invasive surgeries.
Needle holders are essential instruments in any surgical procedure, but they become especially critical in minimally invasive surgery. These procedures require precision, control, and finesse in tight spaces, making the choice of surgical instruments paramount. Modern needle holders designed for minimally invasive surgeries are crafted to provide surgeons with the necessary dexterity to suture delicate tissues through small incisions.
In this report, the Global Needle Holders Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Needle Holders Market.
Global Needle Holders Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: