Global Ultrasound Needle Guides Market Size By Product Type, By End-User Property Type, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Ultrasound Needle Guides Market size is valued at USD 290.71 Million in 2024. It is expected to reach USD 466.86 Million by 2031, with an expected CAGR of 6.10% from 2024 to 2031.
Global Ultrasound Needle Guides Market Drivers
The market drivers for the Ultrasound Needle Guides Market can be influenced by various factors. These may include
Growing Demand for Minimally Invasive Procedures As minimally invasive procedures gain popularity because they shorten hospital stays, minimise complications, and require less recovery time for patients, there is an increasing need for instruments like ultrasound needle guides that facilitate precise and accurate needle placement during these procedures.
Technological Advancements The demand for needle guides is driven by continuous improvements in ultrasound technology, which include better imaging resolution, real-time guidance systems, and the integration of artificial intelligence. These advancements improve the accuracy and efficiency of ultrasound-guided procedures.
Growing Prevalence of Chronic Diseases As chronic diseases like cancer and cardiovascular disorders become more common, more frequent diagnostic and therapeutic procedures are needed, many of which need for the placement of ultrasonography-guided needles. This fuels the need for needle guides, which help to decrease patient discomfort and increase operation precision.
Growing Ageing Population As the world’s population ages, the prevalence of illnesses and ailments associated to ageing that call for medical interventions is rising. There is a higher need for needle guides since senior people generally choose ultrasound-guided operations because they are less intrusive and carry a lower risk.
Growing Utilisation across Multiple Medical Specialties Many medical fields, including interventional radiology, anaesthesia, pain management, and obstetrics and gynaecology, are using ultrasound-guided procedures. The growing range of ultrasonography applications is driving up demand for needle guides customised for certain procedures and specialisations.
Supportive regulatory frameworks and reimbursement practices for ultrasound-guided operations incentivize medical facilities to make investments in cutting-edge tools and accessories like needle guides, which propels market expansion.
Patient Preference for Non-ionizing Radiation Procedures As a result of growing knowledge about the possible dangers of ionising radiation from treatments like CT scans and X-rays, patients and medical professionals are choosing non-ionizing radiation methods like ultrasound-guided procedures, which is driving up demand for needle guides.
Global Pandemic Response In an effort to lower the danger of viral transmission and save healthcare resources, the COVID-19 pandemic has sped up the use of less invasive techniques. This has resulted in a rise in the use of needle guides and ultrasound-guided procedures.
Global Ultrasound Needle Guides Market Restraints
Several factors can act as restraints or challenges for the Ultrasound Needle Guides Market. These may include
High Cost Ultrasound devices with needle guides can be expensive initially, which discourages uptake, particularly in areas with limited funding for healthcare.
Limited Awareness The expansion of the market may be hampered by healthcare professionals’ ignorance of the advantages of ultrasound-guided treatments and needle guides.
Requirements for Training In order to use ultrasound-guided needle guides properly, healthcare workers must have sufficient training. One potential obstacle to training could be the time and resources needed, especially in hectic clinical environments.
Regulatory Obstacles Tight regulations pertaining to medical devices, such as needle guides, could impede the growth of the market by delaying product approvals and market entry.
Compatibility Problems The adoption of needle guides may be hampered by incompatibilities with currently available ultrasound equipment or by variations in ultrasound systems made by various manufacturers.
Despite technological developments, there may be issues over the precision of needle insertion during ultrasound-guided treatments, especially among practitioners who are used to more conventional approaches.
Workflow Disruption The incorporation of ultrasonic needle guides into current clinical workflows may necessitate modifications, which could lead to brief disruptions and opposition from medical professionals.
Risk of Complications Although ultrasonography-guided treatments are usually regarded as safe, there is always a chance of side effects including infection or tissue damage, which may have an impact on adoption rates.
Reimbursement Challenges Inadequate or erratic reimbursement guidelines for needle-guide devices and ultrasound-guided procedures may discourage medical facilities from making these investments.
Preference for Alternative Techniques Due to familiarity or perceived benefits, some healthcare personnel may favour alternative techniques such as computed tomography (CT) or fluoroscopy for needle guidance. This could result in a delayed uptake of ultrasonic needle guides.
Global Ultrasound Needle Guides Market Segmentation Analysis
The Global Ultrasound Needle Guides market is divided into categories in this research analysis based on Product Type, End-User Property Type, And Geography.
Based on Product Type, The market is segmented into Disposable Needle Guides, Reusable Needle Guides. As disposable needle guides are created to coincide with on-screen system directions, and instructing instruments for correct insertion, this segment of the worldwide ultrasonic needle guides market held the biggest share.
Ultrasound Needle Guides Market, By End-User Property Type
Hospital and Clinics
Ambulatory Surgical Centers
Diagnostic Imaging centers
Others
Based on End-User Property Type, The market is segmented into Hospital and Clinics, Ambulatory Surgical Centers, Diagnostic Imaging centers and other end users. During the forecast period, the hospital sector is anticipated to rule the ultrasound needle guides market. Physicians are increasingly favoring ultrasound needle guides due to the expanding healthcare industry in emerging nations, rising out-of-pocket healthcare costs worldwide, and rising demand for ultrasound operations.
Ultrasound Needle Guides Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
Okay, so when we look at the world of Ultrasound Needle Guides, we can break it down by geography into North America, Europe, Asia Pacific, and, well, the rest of the world. Now, everyone's expecting APAC to really take off and grow like crazy over the next few years. Why? Things like making devices smaller and the fact that more people are dealing with the diseases these guides help with. But, hold on, it's not all smooth sailing. Tough government rules, especially when it comes to using ultrasound for OB/GYN, a shortage of trained people to use the equipment, and not a lot of help paying for it through insurance might slow things down a bit for the Asia Pacific market.
Key Players
The major players in the Ultrasound Needle Guides Market are
Aspen Surgical
Siemens Healthineers AG
FUJIFILM Holdings Corporation
Cook Medical
Biopsy Sciences
Veran Medical Technologies
Innovative Trauma Care
Besmed
PBN Medicals
Roper Technologies (CIVCO Medical Solutions) (US)
Becton
Dickinson and Company (US)
Argon Medical Devices (US)
Hologic
Remington Medical Inc. (US)
Geotek Medical (Turkey)
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2021-2031
Base Year
2024
Forecast Period
2024-2031
Historical Period
2021-2023
Unit
Value (USD Million)
Key Companies Profiled
Growing Demand For Minimally Invasive Procedures, Technological Advancements, Growing Prevalence Of Chronic Diseases and Growing Ageing Population are the factors driving the growth of the Egg Yolk Oil Market.
Segments Covered
By Product Type
By End-User Property Type
ByGeography
Customization Scope
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Research Methodology of Market Research
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