Global Spinal Needles Market, By Type (Atraumatic Needles, Directional Spinal Needles, and Pencil-Point Needles), Application (Therapeutic and Diagnostic), End User (Hospitals and Clinics, Diagnostic Centers, Research Laboratories, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The spinal needles market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.20% in the forecast period of 2021 to 2028 and is expected to reach USD 378.17 Million by 2028. The growing of the geriatric population will help in escalating the growth of the spinal needles market.
Spinal needles are medical devices which are commonly utilized for diagnostic or therapeutic purposes. The spinal needles are inserted into the spinal canal for the collection of cerebrospinal fluid (CSF) for diagnostic testing or drug administration for the treatment of the disease.
Important factors that are expected to boost the spinal needles market in the forecast period are the increasing of the incidences of the spinal stenosis or spondylolisthesis and neurological disorders, the increase in the elderly population which in turn leads to increasing of displacement of vertebrae, and the growing applications of the spinal needles in different spine surgeries. Furthermore, the rise in the number of the patients who suffer from neurodegenerative disorders like the Alzheimer’s and the Parkinson’s disease, the growing understanding about the various spinal diseases, and the increasing healthcare expenses of people are few factors anticipated to propel the growth of the spinal needles market.
Moreover, the increasing of the government support for the research and development activities will further cushion the growth of the spinal needles market in the timeline period. However, the increase in the surgical cost, the side-effects of the spine surgery and the substitute diagnostic tests are the factors expected to most likely impede the growth of the spinal needles market in the near future.
This spinal needles market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on spinal needles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Spinal Needles Market Scope and Market Size
The spinal needles market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on the type, the spinal needles market is segmented into atraumatic needles, directional spinal needles, and pencil-point needles.
- Based on the application, the spinal needles market is segmented into therapeutic and diagnostic.
- Based on the end user, the spinal needles market is segmented into hospitals and clinics, diagnostic centers, research laboratories, and others.
Spinal Needles Market Country Level Analysis
The spinal needles market is analysed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the spinal needles market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the spinal needles market because of the increasing numbers of spinal surgeries. Moreover, the growing of the incidences of different neurological diseases, and the rising alertness and the high per capita healthcare expenses and the increasing of research and development funding to grow new methods will further boost the growth of the spinal needles market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the spinal needles market because of the growing funds in the expansion of the healthcare infrastructure. Furthermore, the upsurge in the number of patients suffering from spinal disease is further anticipated to propel the growth of the spinal needles market in the region in the coming years.
The country section of the spinal needles market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The spinal needles market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for spinal needles market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the spinal needles market. The data is available for historic period 2010-2019.
Competitive Landscape and Spinal Needles Market Share Analysis
The spinal needles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to spinal needles market.
The major players covered in the spinal needles market report are Boston Scientific Corporation, B. Braun Melsungen AG, Medtronic, Exelint International, Co., Smiths Group plc, Stryker Corporation, ARGON MEDICAL, Myco Medical., Cook, Novo Nordisk A/S, SARSTEDT AG & Co. KG, BD, Vygon SAS, PAJUNK, Thiebaud S.A.S., O&M Halyard, Exel International, CooperSurgical Inc., Smith & Nephew plc, Micsafe Medical Group, HEKA s.r.l., AdvaCare Pharma, TROGE MEDICAL GmbH, Spectra Medical Devices, Inc., Havel's Inc., Medline Industries, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Spinal Needles Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.