“The APAC market is expected to grow at the highest rate during the forecast period. Factors such as the rising prevalence of target diseases, and the ongoing trend of device miniaturization.”
Becton, Dickinson and Company, commonly known as BD, develops and sells a wide range of medical devices and laboratory appliances. The company operates through three major business segments, namely, BD Interventional, BD Medical, and BD Life Sciences.
The report “Ultrasound Needle Guides Market by Type (Reusable, Disposable), Application (Tissue Biopsy, Fluid Aspiration, Nerve Block, Regional Anesthesia, Vascular Access), End User (Hospitals, Clinics, ASC, Diagnostic Imaging Centers) – Global Forecast to 2027″, is projected to reach USD 369 million by 2027 from USD 274 million in 2022, at a CAGR of 6.1%. Ultrasound needle guides are becoming essential tools in a variety of medical procedures. They are used to guide needles into a precise location in the human body, such as a tumor or organ, during a surgical procedure. The global ultrasound needle guides market is expected to experience significant growth over the next few years due to advancements in technology and increased demand for minimally invasive surgical techniques.
In this report, we will discuss the various factors driving growth in the ultrasound needle guides market. We will also look at the different types of ultrasound needle guides available and their applications in various medical procedures. Finally, we will discuss the current market size and future market projections for this emerging sector.
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Objectives of the Ultrasound Needle Guides Study:
- To describe, analyze, and forecast the ultrasound needle guides market by type, application, end user, and region.
- To describe and forecast the ultrasound needle guides market for key regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the ultrasound needle guides market.
- To strategically analyze the ecosystem, regulations, patenting trend, value chain, supply chain, Porter’s five forces, technologies, key stakeholders and buying criteria, and prices pertaining to the market under study.
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for market players.
- To profile key players and comprehensively analyze their market shares and core competencies in the ultrasound needle guides market.
- To analyze competitive developments such as investments, acquisitions, and R&D activities in the ultrasound needle guides market.
The increasing prevalence of chronic conditions such as cancer and cardiovascular diseases has led to the rise in demand for minimally invasive surgical procedures. Ultrasound needle guides are ideal for such procedures as they can accurately guide a needle into a precise location in the body without causing any damage to the surrounding tissue. This reduces the risk of complications and helps improve the success rate of the procedure. Additionally, the use of ultrasound needle guides has enabled medical practitioners to perform complex surgeries with greater accuracy and precision.
Advances in ultrasound technology have also contributed to the growth of the ultrasound needle guides market. Newer ultrasound systems are able to provide real-time imaging of the target area, which helps medical professionals guide their needles precisely. This, in turn, has increased the demand for ultrasound needle guides and is expected to drive growth in the market.
The global ultrasound needle guides market is divided into three major segments based on type: disposable, reusable, and fully automated. Disposable ultrasound needle guides are the most commonly used type and are typically used for single-use applications. Reusable ultrasound needle guides are used for multiple uses and are typically more expensive. Fully automated systems are the most advanced type of ultrasound needle guides and are used in specialized medical procedures.
The various applications of ultrasound needle guides include biopsy, ablation, nerve block, and pain management. Ultrasound needle guides are also used in cosmetic and aesthetic procedures such as liposuction and laser hair removal.
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Ultrasound Needle Guides Market Dynamics:
Drivers:
- Increasing prevalence of target diseases
- Increasing preference for minimally invasive biopsies
- Increasing adoption of ultrasound imaging
- Advantages offered by needle guides
Restraints:
- Risk of infections associated with use of aspiration and biopsy needles
- Limited reimbursement in developing countries
Opportunities:
- Growth opportunities in emerging economies
Challenges: Limited number of skilled medical professionals
Key Market Players:
The prominent players in the ultrasound needle guides market are Roper Technologies (CIVCO Medical Solutions) (US), Aspen Surgical (US), FUJIFILM Holdings Corporation (Japan), Siemens Healthineers AG (Germany), Becton, Dickinson and Company (US), Argon Medical Devices (US), Hologic, Inc. (US), Remington Medical Inc. (US), Geotek Medical (Turkey), InnoFine (China), KOELIS (France), Rocket Medical (China), BIRR (Netherlands), IZI Medical (US), Sheathing Technologies, Inc. (US), weLLgo Medical Products GmbH (Germany), and Advance Medical Designs, Inc. (US).
Recent Developments:
- In April 2022, Audax Private Equity has invested in Aspen Surgical. This investment has helped Audax to support Aspen as it pursues imminent organic growth and larger-scale acquisition opportunities to expand globally as a leading provider of single-use surgical products to acute care and surgical settings.
- In March 2021, Aspen Surgical has acquired Bluemed Medical Supplies. The acquisition of BlueMed has strengthened Aspen’s broad portfolio of surgical disposables and patient and staff safety products sold in the acute care market.
- In November 2020, Aspen Surgical has acquired Protek Medical Products. The acquisition of Protek has strengthened Aspen’s broad portfolio of medical and patient & staff safety products sold in the hospitals and surgery centers markets.
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