Ultrasound Needle Guides Market worth $369 Million | Revealing Emerging Players with New Data Insights

2023 Ultrasound Needle Guides Market: Research Analysis, Type, Overview And Forecast 2027

The global ultrasound needle guides market is projected to reach USD 369 million by 2027 from USD 274 million in 2022, at a CAGR of 6.1%. The growth of this market is mainly driven by the rising prevalence of target diseases such as cancer and cardiac disorders, increasing preference for minimally invasive biopsies.

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The disposable needle guides segment accounted for the largest share of the global ultrasound needle guides market

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 as disposable needle guides are designed to correspond with on-screen system guidelines, directing instruments for accurate placement.

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).

CIVCO Medical Solutions is a subsidiary of Roper Technologies, Inc. (US). Roper Technologies, Inc. It operates through four segments, namely, Application Software, Network Software and Systems, Measurement and Analytical Solutions, and Process Technologies.

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. BD Medical produces a broad array of medical technologies and devices that are used to help improve healthcare delivery in a wide range of settings.

Aspen Surgical is a leading global manufacturer of disposable medical products used in the hospitals and surgery centers market. The company’s extensive portfolio includes Bard-Parker blades and scalpels, Precept personal protective equipment, surgical marking pens, orthopedic positioners, basic wound care products, and instrument care products. The company provides needle guides through its acquired company—Protek Medical Products, Inc. Protek Medical Products, Inc. is a global manufacturer of single-use ultrasonic probe covers and needle guides used in tissue biopsies, fluid aspiration, and vascular access procedures, as well as protective covers for medical instruments and equipment.

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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.

Recent Developments:

  • 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.
  • 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.

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