Ultrasound Needle Guides Market Size Worth $506.28 Million By 2032 | CAGR: 6.50%

The global ultrasound needle guides market size is expected to reach USD 506.28 million by 2032, according to a new study by Polaris Market Research. The report “Ultrasound Needle Guides Market Share, Size, Trends, Industry Analysis Report, By Type (Disposable, Reusable); By Application; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Biopsy plays a vital role in the diagnosis and characterization of cancer, and healthcare professionals rely on ultrasound-guided biopsies to precisely target areas for tissue sampling. The increasing prevalence of cancer has driven the demand for ultrasonic needle guides, enhancing the precision of these procedures. In 2022, India recorded an estimated 1.46 million cancer cases, with one in nine Indians having a lifetime risk of developing cancer, as reported by the National Library of Medicine.

Among the most common cancer types, lung cancer was predominant in men, while breast cancer was prevalent in women. In children aged 0-14 years, lymphoma emerged as the primary cancer type. For instance, a study featured in a June 2022 PubMed article randomly assigned 235 patients, of which 120 underwent examination to assess the impact of rapid on-site assessment (ROSE) on the diagnostic efficiency of endoscopic ultrasound-guided fine-needle biopsy (EUS-FNB). Out of the total patients, 217 had malignant histology. The study concluded that EUS-FNB alone outperformed EUS-FNA with ROSE, requiring fewer needle passes, resulting in a faster procedure, and delivering excellent histological yield at a comparable cost.

Common solid pancreatic lesions encompass adenocarcinoma, cystic pancreatic neoplasms with neuroendocrine tumors, solid pseudopapillary tumors, pancreatoblastoma, pancreatic metastases, solid components, and pancreatic lymphoma. This fosters an environment where continuous research and studies, resulting in fresh discoveries and advancements in the cancer field, motivate key industry players to employ strategies that accelerate progress in the research market.

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Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Ultrasound Needle Guides devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Ultrasound Needle Guides throughout the forecast period.

Ultrasound Needle Guides Market Report Highlights

• During 2022, the Disposable segment commanded the highest revenue share. Disposable needle guides streamline operations by removing the need for workflow optimization, cleaning, and sterilization, ultimately saving time. Their single-use design not only improves infection control by reducing the risk of cross-contamination and diseases but also makes them highly suitable for clinics and smaller healthcare facilities.
• During the forecast period, the Regional Anesthesia segment held the largest market share. The introduction of ultrasound technology has brought about a substantial revolution in regional anesthesia by enabling continuous monitoring of nerves and needle placement, thereby augmenting the accuracy and safety of procedures. This progress not only contributes to faster patient recovery and reduced postoperative discomfort but also diminishes the likelihood of complications, such as nerve injury, vascular puncture, and inadvertent intravascular injections, when needles are precisely positioned.
• In 2022, North America solidified its market leadership, propelled by the presence of major manufacturers in the region. Furthermore, the increasing prevalence of cancer cases stands as a significant catalyst for the regional market's growth.
• The global key market players include Advance Medical Designs, Inc., Argon Medical, Devices, Aspen Surgical, Becton, Dickinson and Company, BIRR, FUJIFILM Holdings Corporation, Geotek Medical, Hologic, Inc., InnoFine, IZI Medical, KOELIS, Remington Medical Inc., Rocket Medical, Roper Technologies (CIVCO Medical Solutions), Sheathing Technologies, Inc., Siemens Healthineers AG, weLLgo Medical Products GmbH

Polaris Market Research has segmented the Ultrasound Needle Guides market report based on type, application, end-use, and region:

Ultrasound Needle Guides, Type Outlook (Revenue - USD Million, 2019 - 2032)

• Disposable
• Reusable

Ultrasound Needle Guides, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Fluid Aspiration
• Tissue Biopsy
• Nerve Block
• Regional Anesthesia
• Vascular Access
• Others

Ultrasound Needle Guides, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

• Ambulatory Surgical Centers
• Hospitals & Clinics
• Diagnostic Imaging Centers
• Others

Ultrasound Needle Guides, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Ultrasound Needle Guides Market Report Scope