Report Code: CMI35449

Category: Medical Devices

Report Snapshot

CAGR: 11%
212.43M
2022
239.55M
2023
595.07M
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Johnson & Johnson
  • Medtronic plc
  • Braun Melsungen AG
  • Stryker Corporation
  • Scanlan International Inc.
  • Others

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Reports Description

Global Surgical Needle Holders Market is poised for substantial growth from 2023 to 2032, fueled by factors such as the increasing number of surgical procedures, advancements in minimally invasive techniques, and a rising emphasis on surgical instrument quality.

The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 11% during this period. In 2023, the market is estimated to be valued at USD 239.55 Million, and it is expected to reach USD 595.07 Million by 2032.

Surgical needle holders play a critical role in the precision and control of needle manipulation during various surgical interventions.

Factors Influencing Market Growth:

  • Rising Surgical Procedures: The increasing number of surgical procedures globally, driven by factors such as a growing aging population and advancements in medical technology, boosts the demand for surgical needle holders.
  • Technological Advancements: Ongoing technological advancements in surgical instruments, including needle holders, contribute to improved precision, ergonomics, and ease of use. Surgeons and healthcare facilities are inclined to adopt newer instruments with enhanced features.
  • Prevalence of Minimally Invasive Surgery: The growing adoption of minimally invasive surgical techniques requires specialized instruments like laparoscopic needle holders. As minimally invasive procedures become more common, the demand for these instruments increases.
  • Focus on Surgical Safety: With an increasing emphasis on patient safety and the prevention of surgical site infections, there is a heightened demand for high-quality and sterilizable surgical instruments, including needle holders.
  • Increasing Healthcare Expenditure: The rise in global healthcare spending, especially in developing economies, contributes to the procurement of advanced surgical instruments. This includes investments in high-quality needle holders for various medical procedures.
  • Growing Awareness and Training: Surgeons and healthcare professionals are increasingly aware of the importance of using specialized instruments for different surgical procedures. Training programs and workshops contribute to the adoption of advanced surgical tools.
  • Global Aging Population: The aging demographic worldwide leads to an increase in the prevalence of chronic diseases that often require surgical interventions. This demographic shift contributes to the overall growth in surgical procedures.
  • Expansion in Emerging Markets: The expansion of healthcare infrastructure in emerging markets, coupled with a rising middle class and increasing healthcare awareness, leads to higher demand for surgical instruments, including needle holders.
  • Strategic Mergers and Acquisitions: Mergers and acquisitions among key market players contribute to the development of comprehensive product portfolios, improved distribution networks, and enhanced research and development capabilities.
  • Regulatory Compliance and Quality Standards: Adherence to stringent regulatory standards and quality requirements in the manufacturing of surgical instruments ensures the safety and efficacy of these tools, fostering trust among healthcare professionals and institutions.
  • Specialization in Surgical Procedures: The trend toward specialized surgical procedures, especially in fields like orthopedics, cardiovascular, and neurosurgery, drives the demand for specific instruments tailored to each surgical specialty.
  • Increasing Medical Tourism: The growth of medical tourism, where patients travel to other countries for surgical procedures, contributes to the demand for high-quality surgical instruments in healthcare facilities catering to international patients.
  • Patient Demand for Advanced Healthcare: Patient awareness and demand for advanced healthcare solutions, along with an expectation of superior surgical outcomes, influence healthcare providers to invest in state-of-the-art surgical instruments, including needle holders.
  • Environmental Sustainability: The increasing focus on environmentally sustainable practices in healthcare influences the development and use of eco-friendly materials and manufacturing processes for surgical instruments.

Global Surgical Needle Holders Market – Mergers and Acquisitions:

Johnson & Johnson’s Acquisition of Surtex Instruments Ltd.

  • Details: Johnson & Johnson acquired Surtex Instruments Ltd., a key player in the surgical instrument industry.
  • Impact: The acquisition strengthened Johnson & Johnson’s position in the surgical needle holders market, enhancing its product portfolio and global presence.

Medtronic plc’s Collaboration with Major Custom Cable, Inc.

  • Details: Medtronic plc collaborated with Major Custom Cable, Inc. to develop innovative cable solutions for advanced surgical instruments, including needle holders.
  • Impact: The partnership aimed to improve the overall functionality and reliability of surgical instruments, meeting the evolving needs of healthcare professionals.

Braun Melsungen AG’s Expansion in Emerging Markets

  • Details: B. Braun Melsungen AG expanded its presence in emerging markets, focusing on providing high-quality surgical instruments, including needle holders.
  • Impact: The strategic expansion aimed to tap into the growing demand for surgical instruments in developing regions.

Stryker Corporation’s Investment in Research and Development

  • Details: Stryker Corporation invested significantly in research and development to enhance the design and performance of surgical instruments, including needle holders.
  • Impact: The focus on innovation aimed to position Stryker Corporation as a leader in providing state-of-the-art surgical instruments to healthcare professionals.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Surgical Needle Holders Market Electromyography System Market Slide Staining Market
CAGR 11% (Approx) CAGR 7.5% (Approx) CAGR 7.2% (Approx)
USD 595.07 Million by 2032 USD 3.4 Billion by 2032 USD 7.37 Billion by 2032

Challenges Impacting the Surgical Needle Holders Market:

Regulatory Compliance

  • Challenge: Adhering to stringent regulatory standards and obtaining approvals for new products can be time-consuming and expensive.
  • Impact: Delays in regulatory clearance may hinder the introduction of innovative needle holder designs and technologies to the market.

Instrument Sterilization

  • Challenge: Ensuring effective sterilization of needle holders is essential to prevent infections and maintain instrument integrity.
  • Impact: Challenges in achieving and maintaining proper sterilization may lead to concerns about the safety of surgical procedures.

Cost Constraints

  • Challenge: Balancing the need for high-quality materials and precision with cost considerations to provide cost-effective needle holders can be challenging.
  • Impact: Cost constraints may limit market accessibility, particularly in resource-limited healthcare settings.

Technological Advancements

  • Challenge: Keeping pace with rapid technological advancements in surgical instruments to meet the evolving needs of healthcare professionals.
  • Impact: The pressure to continually innovate may strain research and development budgets and pose challenges for smaller market players.

Global Economic Factors

  • Challenge: Navigating economic uncertainties and fluctuations that may impact healthcare budgets and purchasing decisions.
  • Impact: Economic conditions can influence the affordability and adoption of surgical needle holders in different regions.

Supply Chain Disruptions:

  • Challenge: Mitigating the impact of supply chain disruptions, including issues related to raw material shortages, transportation delays, or disruptions in manufacturing.
  • Impact: A resilient supply chain is essential to ensure uninterrupted production and availability of surgical needle holders.

Training and Education

  • Challenge: Providing adequate training and education to healthcare professionals on the proper use and maintenance of surgical needle holders.
  • Impact: User proficiency and knowledge impact the effective utilization and longevity of surgical instruments.

Product Standardization

  • Challenge: Achieving and maintaining product standardization to ensure consistency in performance and compatibility with other surgical instruments.
  • Impact: Lack of standardization may affect the adoption of specific brands or types of needle holders.

Environmental Sustainability

  • Challenge: Addressing concerns related to the environmental impact of manufacturing, using, and disposing of surgical instruments.
  • Impact: Environmental considerations play a role in product development and may influence purchasing decisions.

Market Competition

  • Challenge: Navigating a competitive market landscape with constant product innovations and market penetration efforts.
  • Impact: Companies need strategic initiatives to differentiate their products and maintain a competitive edge.

Customization for Specialty Procedures

  • Challenge: Tailoring needle holders to meet the specific requirements of different surgical specialties and procedures.
  • Impact: The market needs to offer specialized instruments to address the diverse needs of surgeons across various medical fields.

Consumer Perception

  • Challenge: Managing and influencing consumer perception of needle holders as essential components of safe and effective surgical procedures.
  • Impact: Positive consumer perception is vital for sustained market growth and brand reputation.

Distributed Manufacturing

  • Challenge: Balancing centralized manufacturing with the trend towards distributed and local production.
  • Impact: Companies may need to adapt their manufacturing and distribution strategies to align with evolving market trends.

Infection Control Measures

  • Challenge: Implementing and promoting effective infection control measures in healthcare settings to prevent surgical site infections.
  • Impact: Infection control measures are crucial for the safety and success of surgical procedures, influencing market dynamics.

Technological Integration

  • Challenge: Integrating advanced technologies for improved functionality and usability of surgical needle holders.
  • Impact: The adoption of smart technologies can enhance the overall efficiency of surgical procedures and instrument use.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 239.55 Million
Projected Market Size in 2032 USD 595.07 Million
Market Size in 2022 USD 212.43 Million
CAGR Growth Rate 11% CAGR
Base Year 2022
Forecast Period 2024-2033
Key Segment By Type, Application, Material, End-User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Segmentation Analysis of the Surgical Needle Holders Market:

By Type

Needle Holders with Carbide Inserts:

  • Description: Provide enhanced durability and sharpness for efficient suturing.
  • Market Impact: The demand for precision and durability in surgical instruments drives the market for needle holders with carbide inserts.

Needle Holders with Scissors

  • Description: Combination needle holders with built-in scissors offer versatility in surgical procedures.
  • Market Impact: Surgeons prefer instruments that streamline procedures, contributing to the growth of needle holders with scissors.

Laparoscopic Needle Holders

  • Description: Designed for minimally invasive procedures, enabling precise control in confined spaces.
  • Market Impact: The increasing adoption of laparoscopic techniques boosts the demand for specialized needle holders in minimally invasive surgery.

Global Surgical Needle Holders Market 2023–2032 (By Million)

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By Application

 Hospitals

  • Description: Primary centers for surgical interventions across various specialties.
  • Market Impact: The high volume of surgical procedures in hospitals contributes to the consistent demand for surgical needle holders.

Ambulatory Surgical Centers

  • Description: Focus on providing outpatient surgical services.
  • Market Impact: The growing trend of outpatient procedures drives the market for surgical needle holders in ambulatory surgical centers.

Specialty Clinics

  • Description: Focusing on specific medical fields, contributing to the demand for specialized surgical instruments.
  • Market Impact: The need for precision in specialty procedures propels the market for surgical needle holders in clinics.

By Material

Stainless Steel, Tungsten Carbide

  • Description: Surgical needle holders are manufactured using materials such as stainless steel for general use and tungsten carbide for enhanced durability.
  • Market Impact: Material preferences vary based on surgical requirements, influencing the market for different types of needle holders.

Global Surgical Needle Holders Market 2023–2032 (By Material)

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By End-User

Surgeons, Nurses, Other Healthcare Professionals

  • Description: End-users include surgeons, nurses, and other healthcare professionals involved in surgical procedures.
  • Market Impact: The choice of needle holders is influenced by user preferences and specific roles in the surgical team, shaping market dynamics.

Regional Analysis of the Surgical Needle Holders Market:

  • North America: North America is a significant contributor to the surgical needle holders market, driven by advanced healthcare infrastructure, high surgical procedure volumes, and a focus on technological innovation.
  • Europe: Europe places a strong emphasis on healthcare quality and safety, contributing to the demand for high-quality surgical instruments, including needle holders. The region’s stringent regulatory standards influence product development and adoption.
  • Asia-Pacific: The Asia-Pacific region is experiencing growth in the demand for surgical needle holders due to increasing healthcare investments, a rising number of surgical procedures, and the adoption of advanced medical technologies. The growing middle class and urbanization are key factors driving market expansion.
  • Latin America: Latin America shows a growing demand for surgical instruments, including needle holders, driven by improvements in healthcare infrastructure, increasing medical tourism, and a rising focus on surgical safety and efficiency.
  • Middle East and Africa: The Middle East and Africa witness steady demand for surgical needle holders, with the market influenced by factors such as expanding healthcare access, government initiatives in healthcare development, and a growing awareness of the importance of quality surgical instruments.

Global Surgical Needle Holders Market 2023–2032 (By Application)

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List of the prominent players in the Surgical Needle Holders Market:

  • Johnson & Johnson
  • Medtronic plc
  • Braun Melsungen AG
  • Stryker Corporation
  • Scanlan International Inc.
  • Integra LifeSciences Holdings Corporation
  • Microline Surgical Inc.
  • Major Custom Cable Inc.
  • Miltex (A Integra LifeSciences Corporation Company)
  • Sklar Surgical Instruments
  • Merit Medical Systems Inc.
  • IMS International
  • Reda Instrumente GmbH
  • Surtex Instruments Ltd.
  • Geister Medizintechnik GmbH
  • Others

The Surgical Needle Holders Market is segmented as follows:

By Type

  • Needle Holders with Carbide Inserts
  • Needle Holders with Scissors
  • Laparoscopic Needle Holders

By Application

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

By Material

  • Stainless Steel
  • Tungsten Carbide

By End-User

  • Surgeons
  • Nurses
  • Other Healthcare Professionals

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Surgical Needle Holders Market, (2024 – 2033) (USD Million)
    • 2.2 Global Surgical Needle Holders Market: snapshot
  • Chapter 3. Global Surgical Needle Holders Market – Industry Analysis
    • 3.1 Surgical Needle Holders Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Surgical Precision Demand
      • 3.2.2 Technological Advancements
      • 3.2.3 Minimally Invasive Surgery Trend
      • 3.2.4 Customization and Ergonomics
      • 3.2.5 Rising Surgical Procedures
      • 3.2.6 Integration of Robotics
      • 3.2.7 Global Surgical Tourism
      • 3.2.8 Specialty Needle Holders
      • 3.2.9 Training and Education Initiatives
      • 3.2.10 Infection Control Measures
      • 3.2.11 Collaboration with Healthcare Institutions
      • 3.2.12 Patient Safety Concerns
      • 3.2.13 Regulatory Compliance.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By Material
      • 3.7.4 Market Attractiveness Analysis By End-User
  • Chapter 4. Global Surgical Needle Holders Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Surgical Needle Holders Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Surgical Needle Holders Market – Type Analysis
    • 5.1 Global Surgical Needle Holders Market Overview: By Type
      • 5.1.1 Global Surgical Needle Holders Market Share, By Type, 2022 and – 2033
    • 5.2 Needle Holders with Carbide Inserts
      • 5.2.1 Global Surgical Needle Holders Market by Needle Holders with Carbide Inserts, 2024 – 2033 (USD Million)
    • 5.3 Needle Holders with Scissors
      • 5.3.1 Global Surgical Needle Holders Market by Needle Holders with Scissors, 2024 – 2033 (USD Million)
    • 5.4 Laparoscopic Needle Holders
      • 5.4.1 Global Surgical Needle Holders Market by Laparoscopic Needle Holders, 2024 – 2033 (USD Million)
  • Chapter 6. Global Surgical Needle Holders Market – Application Analysis
    • 6.1 Global Surgical Needle Holders Market Overview: By Application
      • 6.1.1 Global Surgical Needle Holders Market Share, By Application, 2022 and – 2033
    • 6.2 Hospitals
      • 6.2.1 Global Surgical Needle Holders Market by Hospitals, 2024 – 2033 (USD Million)
    • 6.3 Ambulatory Surgical Centers
      • 6.3.1 Global Surgical Needle Holders Market by Ambulatory Surgical Centers, 2024 – 2033 (USD Million)
    • 6.4 Specialty Clinics
      • 6.4.1 Global Surgical Needle Holders Market by Specialty Clinics, 2024 – 2033 (USD Million)
  • Chapter 7. Global Surgical Needle Holders Market – Material Analysis
    • 7.1 Global Surgical Needle Holders Market Overview: By Material
      • 7.1.1 Global Surgical Needle Holders Market Share, By Material, 2022 and – 2033
    • 7.2 Stainless Steel
      • 7.2.1 Global Surgical Needle Holders Market by Stainless Steel, 2024 – 2033 (USD Million)
    • 7.3 Tungsten Carbide
      • 7.3.1 Global Surgical Needle Holders Market by Tungsten Carbide, 2024 – 2033 (USD Million)
  • Chapter 8. Global Surgical Needle Holders Market – End-User Analysis
    • 8.1 Global Surgical Needle Holders Market Overview: By End-User
      • 8.1.1 Global Surgical Needle Holders Market Share, By End-User, 2022 and – 2033
    • 8.2 Surgeons
      • 8.2.1 Global Surgical Needle Holders Market by Surgeons, 2024 – 2033 (USD Million)
    • 8.3 Nurses
      • 8.3.1 Global Surgical Needle Holders Market by Nurses, 2024 – 2033 (USD Million)
    • 8.4 Other Healthcare Professionals
      • 8.4.1 Global Surgical Needle Holders Market by Other Healthcare Professionals, 2024 – 2033 (USD Million)
  • Chapter 9. Surgical Needle Holders Market – Regional Analysis
    • 9.1 Global Surgical Needle Holders Market Regional Overview
    • 9.2 Global Surgical Needle Holders Market Share, by Region, 2022 & – 2033 (USD Million)
    • 9.3. North America
      • 9.3.1 North America Surgical Needle Holders Market, 2024 – 2033 (USD Million)
        • 9.3.1.1 North America Surgical Needle Holders Market, by Country, 2024 – 2033 (USD Million)
    • 9.4 North America Surgical Needle Holders Market, by Type, 2024 – 2033
      • 9.4.1 North America Surgical Needle Holders Market, by Type, 2024 – 2033 (USD Million)
    • 9.5 North America Surgical Needle Holders Market, by Application, 2024 – 2033
      • 9.5.1 North America Surgical Needle Holders Market, by Application, 2024 – 2033 (USD Million)
    • 9.6 North America Surgical Needle Holders Market, by Material, 2024 – 2033
      • 9.6.1 North America Surgical Needle Holders Market, by Material, 2024 – 2033 (USD Million)
    • 9.7 North America Surgical Needle Holders Market, by End-User, 2024 – 2033
      • 9.7.1 North America Surgical Needle Holders Market, by End-User, 2024 – 2033 (USD Million)
    • 9.8. Europe
      • 9.8.1 Europe Surgical Needle Holders Market, 2024 – 2033 (USD Million)
        • 9.8.1.1 Europe Surgical Needle Holders Market, by Country, 2024 – 2033 (USD Million)
    • 9.9 Europe Surgical Needle Holders Market, by Type, 2024 – 2033
      • 9.9.1 Europe Surgical Needle Holders Market, by Type, 2024 – 2033 (USD Million)
    • 9.10 Europe Surgical Needle Holders Market, by Application, 2024 – 2033
      • 9.10.1 Europe Surgical Needle Holders Market, by Application, 2024 – 2033 (USD Million)
    • 9.11 Europe Surgical Needle Holders Market, by Material, 2024 – 2033
      • 9.11.1 Europe Surgical Needle Holders Market, by Material, 2024 – 2033 (USD Million)
    • 9.12 Europe Surgical Needle Holders Market, by End-User, 2024 – 2033
      • 9.12.1 Europe Surgical Needle Holders Market, by End-User, 2024 – 2033 (USD Million)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Surgical Needle Holders Market, 2024 – 2033 (USD Million)
        • 9.13.1.1 Asia Pacific Surgical Needle Holders Market, by Country, 2024 – 2033 (USD Million)
    • 9.14 Asia Pacific Surgical Needle Holders Market, by Type, 2024 – 2033
      • 9.14.1 Asia Pacific Surgical Needle Holders Market, by Type, 2024 – 2033 (USD Million)
    • 9.15 Asia Pacific Surgical Needle Holders Market, by Application, 2024 – 2033
      • 9.15.1 Asia Pacific Surgical Needle Holders Market, by Application, 2024 – 2033 (USD Million)
    • 9.16 Asia Pacific Surgical Needle Holders Market, by Material, 2024 – 2033
      • 9.16.1 Asia Pacific Surgical Needle Holders Market, by Material, 2024 – 2033 (USD Million)
    • 9.17 Asia Pacific Surgical Needle Holders Market, by End-User, 2024 – 2033
      • 9.17.1 Asia Pacific Surgical Needle Holders Market, by End-User, 2024 – 2033 (USD Million)
    • 9.18. Latin America
      • 9.18.1 Latin America Surgical Needle Holders Market, 2024 – 2033 (USD Million)
        • 9.18.1.1 Latin America Surgical Needle Holders Market, by Country, 2024 – 2033 (USD Million)
    • 9.19 Latin America Surgical Needle Holders Market, by Type, 2024 – 2033
      • 9.19.1 Latin America Surgical Needle Holders Market, by Type, 2024 – 2033 (USD Million)
    • 9.20 Latin America Surgical Needle Holders Market, by Application, 2024 – 2033
      • 9.20.1 Latin America Surgical Needle Holders Market, by Application, 2024 – 2033 (USD Million)
    • 9.21 Latin America Surgical Needle Holders Market, by Material, 2024 – 2033
      • 9.21.1 Latin America Surgical Needle Holders Market, by Material, 2024 – 2033 (USD Million)
    • 9.22 Latin America Surgical Needle Holders Market, by End-User, 2024 – 2033
      • 9.22.1 Latin America Surgical Needle Holders Market, by End-User, 2024 – 2033 (USD Million)
    • 9.23. The Middle East and Africa
      • 9.23.1 The Middle-East and Africa Surgical Needle Holders Market, 2024 – 2033 (USD Million)
        • 9.23.1.1 The Middle-East and Africa Surgical Needle Holders Market, by Country, 2024 – 2033 (USD Million)
    • 9.24 The Middle-East and Africa Surgical Needle Holders Market, by Type, 2024 – 2033
      • 9.24.1 The Middle-East and Africa Surgical Needle Holders Market, by Type, 2024 – 2033 (USD Million)
    • 9.25 The Middle-East and Africa Surgical Needle Holders Market, by Application, 2024 – 2033
      • 9.25.1 The Middle-East and Africa Surgical Needle Holders Market, by Application, 2024 – 2033 (USD Million)
    • 9.26 The Middle-East and Africa Surgical Needle Holders Market, by Material, 2024 – 2033
      • 9.26.1 The Middle-East and Africa Surgical Needle Holders Market, by Material, 2024 – 2033 (USD Million)
    • 9.27 The Middle-East and Africa Surgical Needle Holders Market, by End-User, 2024 – 2033
      • 9.27.1 The Middle-East and Africa Surgical Needle Holders Market, by End-User, 2024 – 2033 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1 Johnson & Johnson
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Medtronic plc
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 B. Braun Melsungen AG
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Stryker Corporation
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Scanlan International Inc.
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Integra LifeSciences Holdings Corporation
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Microline Surgical Inc.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Major Custom Cable Inc.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Miltex (A Integra LifeSciences Corporation Company)
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Sklar Surgical Instruments
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Merit Medical Systems Inc.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 IMS International
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Reda Instrumente GmbH
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Surtex Instruments Ltd.
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Geister Medizintechnik GmbH
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 29

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Johnson & Johnson
  • Medtronic plc
  • Braun Melsungen AG
  • Stryker Corporation
  • Scanlan International Inc.
  • Integra LifeSciences Holdings Corporation
  • Microline Surgical Inc.
  • Major Custom Cable Inc.
  • Miltex (A Integra LifeSciences Corporation Company)
  • Sklar Surgical Instruments
  • Merit Medical Systems Inc.
  • IMS International
  • Reda Instrumente GmbH
  • Surtex Instruments Ltd.
  • Geister Medizintechnik GmbH
  • Others

FAQs

The key factors driving the Market are Surgical Precision Demand, Technological Advancements, Minimally Invasive Surgery Trend, Customization and Ergonomics, Rising Surgical Procedures, Integration of Robotics, Global Surgical Tourism, Specialty Needle Holders, Training and Education Initiatives, Infection Control Measures, Collaboration with Healthcare Institutions, Patient Safety Concerns And Regulatory Compliance.

The “Needle Holders with Carbide Inserts” category dominated the market in 2022.

The key players in the market are Johnson & Johnson, Medtronic plc, B. Braun Melsungen AG, Stryker Corporation, Scanlan International Inc., Integra LifeSciences Holdings Corporation, Microline Surgical Inc., Major Custom Cable Inc., Miltex (A Integra LifeSciences Corporation Company), Sklar Surgical Instruments, Merit Medical Systems Inc., IMS International, Reda Instrumente GmbH, Surtex Instruments Ltd., Geister Medizintechnik GmbH, Others.

“North America” had the largest share in the Surgical Needle Holders Market.

The global market is projected to grow at a CAGR of 11% during the forecast period, 2023-2032.

The Surgical Needle Holders Market size was valued at USD 239.55 Million in 2023.

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