PUBLISHER: Grand View Research | PRODUCT CODE: 1363489
PUBLISHER: Grand View Research | PRODUCT CODE: 1363489
The global needle holders market size is expected to reach USD 505.50 million by 2030, registering a CAGR of 10.25% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The market growth is driven by the increasing prevalence of chronic diseases, advancements in surgical techniques, the aging population, healthcare infrastructure developments, and the imperative of infection control. Advancements in medical technology would further drive the growth and also meet the demands of surgical practices.
Accidents and traumas are the leading causes of death and disability worldwide. The increasing incidence of these events is driving the demand for surgical needle holders, which are used to close wounds and repair injuries. Furthermore, minimally invasive surgeries are becoming increasingly popular due to their many advantages over traditional open surgery. Needle holders are essential tools for minimally invasive surgeries, as they allow surgeons to manipulate tissues and instruments with greater precision.
Furthermore,the aging global population contributes to the growth of the market. As the elderly population increases, the age-related medical conditions would also increase which would require surgical interventions. In addition, advanced healthcare infrastructure in emerging economies is also impacting the market growth positively. As these economies witness improvements in healthcare facilities and an increase in disposable income, the demand for better medical treatments and advanced surgical instruments also grows. This includes the demand for high-quality needle holders that healthcare practitioners require for performing surgical procedures.