The disposable needle guides market is expected to strengthen its hold at a moderate CAGR of 6% during the forecast period. The global market holds an estimated revenue of US$ 3.56 Bn in 2022 and is likely to cross US$ 6.01 Bn by the end of 2032.
| Attributes | Details |
| CAGR (2022-2032) | 6% |
| Value (2022) | US$ 3.56 Bn |
| Value (2032) | US$ 6.01 Bn |
Needle guides include two types of needles; disposable needle guides and reusable needle guides. Disposable needle guides come under the medical-grade plastic device that fits into the ultrasound transducer. These needle guides are sterile and become a part of the sterilization done by ethylene oxide.
Demand for disposal needle guides increases due to the advantages that they are easy to use the process and cost-effective. Other properties that disposable needle guides are low profile and smoother than their metal counterparts, pushing the sales of disposable needle guides.
Demand for disposable needle guides rises due to its high demand from healthcare and medical research programs, especially after the covid-19 spread. The use of disposable needle guides has proliferated in research and development programs run by the government, pushing the sales of disposable needle guides globally.
Increasing healthcare awareness is one of the important factors driving the growth of disposable needle guides market as a greater number of people are going to have diagnostic tests. The increasing geriatric population is expected to increase the growth of the disposable needle guides market.
Other important factors, such as the increasing number of diagnostic laboratories, an increasing number of hospitals, etc., are expected to increase the growth of the disposable needle guides market. The increasing prevalence of chronic diseases such as cardiac disease, neurological disorders, Musco skeletal disorders, etc., can increase the growth of the disposable needle guides market.
Technological advancement in the field of healthcare and the establishment of well-equipped healthcare infrastructure is expected to increase the growth of the disposable needle guides market.
Apart from the factors driving the disposable needle guide market, there are some factors that can hinder the growth of the disposable needle guides market.
Restraints such as the high cost of treatment and diagnosis, and lack of awareness in some of the emerging regions, are expected to hinder the growth in the demand for disposable needle guides.
On the basis of geography, the global disposable needle guides market has been segmented into seven key regions, viz. North America, Latin America, Europe, East Asia, South Asia, and Oceania.
North America is expected to hold the largest share in the global disposable needle guides market due to the presence of well-established healthcare infrastructure and the availability of technologically advanced products.
Europe is also expected to hold the second-largest share of the global disposable needle guides market due to the increasing population. The Asia Pacific is also expected to register a high revenue growth in the disposable needle guides market due to the increasing population and increasing healthcare awareness among the people, increasing the sales of disposable needle guides.
The key players of the disposable needle guides market are focusing on mergers and collaborations that are fueling the sales of disposable needle guides.
Key players in the disposable needle guides market include CIVCO Medical Solutions, Argon Medical Devices, Rocket Medical, BK Medical Holding Company, Inc., GE healthcare and PHILIPS
| Report Attribute | Details |
| Growth Rate | CAGR of 6% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD Billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Application, End Users, Region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | CIVCO Medical Solutions, Argon Medical Devices, Rocket Medical, BK Medical Holding Company, Inc., GE healthcare, PHILIPS |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
North America is the biggest market in the disposable needle guides market and will be helpful in increasing the disposable needle guides market size. The factors that lead to high growth through this region are increased use of it in healthcare and diagnostic units, especially with the advent of coronavirus, research and development programs run by government. This leads to the high demand for disposable needle guides in developed countries like US and Canada.
Key competitors holding substantial disposable needle guides market share include CIVCO Medical Solutions, Argon Medical Devices, Rocket Medical, BK Medical Holding Company, Inc., GE healthcare, and PHILIPS.
Demand for disposable needle guides is likely to increase with the high demand from healthcare and diagnostic units and medical research and development programs driving the sales of disposable needle guides in new markets.
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Disposable Needle Guides Market
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