Ultrasound Needle Guides Market in terms of revenue was estimated to be worth $274 million in 2022 and is poised to reach $369 million by 2027, growing at a CAGR of 6.1% from 2022 to 2027 according to a new report by MarketsandMarkets™. The use of needle guides in ultrasound-assisted biopsies has become fairly widespread in recent years. Placing a guide over the ultrasound probe is thought to prevent deviation of the biopsy needle from its predetermined track, which conceptually should lead to fewer complications. Ultrasounds are used to perform multiple types of interventions, such as biopsies and ultrasound-guided aspirations. Ultrasound-guided needles are used to secure needle alignment with the ultrasound transducer. Designed to keep the needle within the sound beam for increased visualization, ultrasound needle guides simplify procedures. The use of a needle guide improves biopsy adequacy and is associated with reduced rates of minor complications in native biopsies.
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Ultrasound Needle Guides Market Scope:
Report Coverage | Details |
Market Revenue in 2022 | $274 million |
Estimated Value by 2027 | $369 million |
Growth Rate | Poised to grow at a CAGR of 6.1% |
Market Size Available for | 2020–2027 |
Forecast Period | 2022–2027 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By type, application, end-user |
Geographies Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Report Highlights | Updated financial information / product portfolio of players |
Key Market Opportunities | Growth opportunities in emerging economies |
Key Market Drivers | Increasing prevalence of target diseases |
Based on type, The disposable needle guides segment accounted for the largest share of the global ultrasound needle guides market
Based on type, the ultrasound needle guides market is segmented into reusable needle guides and disposable needle guides. The disposable needle guides segment accounted for the largest share of the global ultrasound needle guides market in 2021 as disposable needle guides are designed to correspond with on-screen system guidelines, directing instruments for accurate placement.
Based on end user, the hospital segment is expected to dominate the ultrasound needle guides market
Based on end user, the ultrasound needle guides market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic imaging centers, and other end users. The hospital segment is expected to dominate the ultrasound needle guides market during the forecast period. growing healthcare sector in emerging economies, the increasing out-of-pocket healthcare expenditure across the world, and the rising demand for ultrasound procedures further increase the preference for ultrasound needle guides among physicians.
The Asia Pacific market is expected to grow at a higher CAGR during the forecast period
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. However, factors such as the stringent government regulations related to the OB/GYN applications of ultrasound, limited availability of medical reimbursements for ultrasound, and the shortage of trained and skilled sonographers are expected to hamper the growth of the Asia Pacific ultrasound needle guides market during the forecast period.
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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).
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