Ultrasound Needle Guides Market Analysis

Ultrasound Needle Guides Market Analysis

The ultrasound needle guides market by type is categorized into disposable needle guides, and reusable needle guides. The disposable needle guides segment garnered USD 183.3 million revenue size in the year 2022. Disposable needle guides provide convenience and efficiency by eliminating the need for cleaning and sterilization, streamlining workflow, and saving time. Improved infection control is achieved through their single-use nature, reducing the risk of cross-contamination and infections. Furthermore, suitability for point-of-care settings, with simplified setup and ease of use, makes them ideal for clinics and smaller healthcare facilities.
 

Overall, the demand for disposable needle guides is driven by their convenience, improved infection control, cost-effectiveness, regulatory compliance, and suitability for various healthcare settings. Therefore, disposable needle guides are a pivotal driving factor in the market, offering various advantages and propelling the market trends.
 

Based on application, the ultrasound needle guides market is segmented into tissue biopsy, fluid aspiration, vascular access procedures, nerve block and regional anaesthesia, and others. The tissue biopsy segment accounted for 37% revenue share in the year 2022 and is anticipated to witness highest growth during the forecast period. The use of needle guides in ultrasound-guided tissue biopsies offers enhanced accuracy and precision, ensuring precise sampling of the target tissue. The preference for minimally invasive procedures, expanding accessibility in diverse clinical settings, and the increasing prevalence of target diseases contribute to the demand for ultrasound-guided tissue biopsies and needle guides.
 

Furthermore, technological advancements in ultrasound imaging improve the effectiveness and precision of the biopsy procedure, making ultrasound-guided biopsies a preferred choice for tissue sampling. These factors collectively drive the growth of the market in the tissue biopsy application segment.
 

Based on end-use, the ultrasound needle guides market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals and clinics segment accounted for over 64.4% business share in the year 2022 and is anticipated to witness the highest growth during the forecast period. Hospitals and clinics serve as a crucial driving force in the market, with several factors interrelating to propel market growth. High procedure volume stems from the diverse range of diagnostic and interventional procedures performed within facilities. This volume creates a consistent demand for ultrasound needle guides.
 

Additionally, hospitals and clinics are equipped with advanced imaging facilities, including ultrasound machines, which are extensively utilized for procedures such as ultrasound-guided biopsies. This reliance on ultrasound technology drives the need for needle guides to ensure accurate and precise needle placement. Further, increasing disposable spending in developed nations will contribute considerably towards the adoption of ultrasound needle guides in hospitals thereby leading to segment expansion.
 

U.S. ultrasound needle guides market accounted for USD 97 million revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline. Increasing geriatric population base along with the rising incidence of cancer in the country will drive the U.S. market trends. For instance, as per the American Cancer Society, in 2021, it was estimated that over 1.9 million new cancer patients were diagnosed and around 608,570 cancer patient’s deaths in the U.S. Thus, the rising prevalence rate of numerous chronic disorders will contribute to the market revenue.
 

 Moreover, growing awareness regarding remote patient monitoring devices for improved accuracy, portability, connectivity, and user-friendly interfaces will boost the market adoption rate. The increasing number of surgical procedures, advancements in technology, and the strong presence of industry players are few factors are estimated to boost overall market share.