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Global Spinal Needles Market – Industry Trends and Forecast to 2030

Medical Devices | Upcoming Report | Sep 2023 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

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 Centres, Research Laboratories, and Others) – Industry Trends and Forecast to 2030.


Spinal Needles Market Analysis and Size

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 global spinal needles market in the forecast period of 2023 to 2030, 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 global spinal needles market.

Data Bridge Market Research analyses that the global spinal needles market which was USD 274.60 million in 2023, is expected to reach  USD 426.52 million by 2030, and is expected to undergo a CAGR of 6.20% during the forecast period of 2023 to 2030. “Diagnostic” dominates the application segment of the global spinal needles market owing to the increase number of diagnostic test. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Spinal Needles Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Atraumatic Needles, Directional Spinal Needles, and Pencil-Point Needles), Application (Therapeutic and Diagnostic), End User (Hospitals and Clinics, Diagnostic Centres, Research Laboratories, Others)

Countries Covered

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, U.A.E., Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

Boston Scientific Corporation (U.S.), B. Braun Melsungen AG (Germany), Medtronic (Ireland), Exelint International, Co. (U.S.), Smiths Group plc (UK), Stryker Corporation (U.S.), ARGON MEDICAL (U.S.), Myco Medical. (U.S.), Novo Nordisk A/S (Denmark), SARSTEDT AG & Co. KG (Germany), BD (U.S.), Vygon SAS (France), PAJUNK (U.S.), Exel International (Hong Kong), CooperSurgical Inc. (U.S.), Smith & Nephew plc (UK), AdvaCare Pharma (U.S.)

Market Opportunities

  • Rising demand in emerging markets
  • Increasing demand of personalized medicine
  • Increasing research and development activities

Market Definition

Spinal needles are medical devices used in spinal anaesthesia and certain diagnostic procedures. They are specifically designed to penetrate the layers of the spinal cord and reach the subarachnoid space, where anaesthetic agents can be injected. Spinal anaesthesia is a regional anaesthesia technique that involves injecting an anaesthetic medication into the cerebrospinal fluid surrounding the spinal cord, resulting in temporary loss of sensation and motor function in the lower body.

Global Spinal Needles Market Dynamics

Drivers

  • Increasing Prevalence of Spinal Disorders

The rising incidence of spinal disorders, such as herniated discs, spinal stenosis, and degenerative disc diseases, is driving the demand for spinal procedures. Spinal needles are essential tools in various diagnostic and therapeutic procedures related to spinal conditions, leading to increased demand.

  • Growing Geriatric Population

The global population is aging, with a significant increase in the elderly population. Older individuals are more susceptible to spinal ailments, such as osteoporosis and age-related spinal degeneration. The expanding geriatric population is expected to drive the demand for spinal procedures and, consequently, spinal needles.

  • Advancements in Spinal Surgical Techniques

Technological advancements in spinal surgical techniques have improved patient outcomes and reduced procedural complications. Minimally invasive procedures, such as endoscopic spinal surgeries and percutaneous discectomy, require specialized spinal needles for precise and accurate placement. The adoption of these advanced techniques is fueling the demand for spinal needles.  

Opportunity

  • Advancements in Drug Formulations

Ongoing research and development efforts have led to the development of advanced formulations of spinal needles. These include extended-release formulations that offer longer duration of action, improved patient compliance, and enhanced therapeutic outcomes. The availability of such innovative formulations act as an opportunity for global market growth.

Restraint/Challenge

  • High Cost of Spinal Procedures

Spinal surgeries and procedures can be expensive, and the cost includes not only the surgical procedure but also the associated medical devices, including spinal needles. The high cost of spinal procedures can limit the accessibility and affordability of these treatments, particularly in developing countries or regions with limited healthcare resources.

Recent Development

  • In May 2021, Tri-anim Health Services, a specialty distributor of respiratory, anesthesia and critical care supplies, announced that it has entered into an exclusive relationship to represent and distribute the Rivanna Accuro portfolio of products in the United States. Accuro is an easy-to-use device specifically designed to improve the efficiency of spinal needle guidance procedures

Global Spinal Needles Market Scope

The global 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 a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Atraumatic Needles​​​​​​​
  • Directional Spinal Needles
  • Pencil-Point Needles

Application

  • Therapeutic
  • Diagnostic

End User

  • Hospitals and Clinics
  • Diagnostic Centres
  • Research Laboratories
  • Others

Global Spinal Needles Market Regional Analysis/Insights

The global 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 global spinal needles market report is 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, U.A.E., Egypt, Israel, Rest of Middle East and Africa.

North America is dominating the global spinal needles market due to increase in spinal injuries in that region.

Asia-Pacific is the fastest growing region in the global spinal needle market in the forecasted period of 2023 to 2030, due to increase in research and developmental activities.

The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 global 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 global spinal needles market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global spinal needles market. The data is available for historic period 2015-2020.

Competitive Landscape and Global Spinal needles Market Share Analysis

The global 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 global spinal needles market.

Some of the major players operating in the global spinal needles market are:

  • Boston Scientific Corporation (U.S.)
  • B. Braun Melsungen AG (Germany)
  • Medtronic (Ireland)
  • Exelint International, Co. (U.S.)
  • Smiths Group plc (UK)
  • Stryker Corporation (U.S.)
  • ARGON MEDICAL (U.S.)
  • Myco Medical. (U.S.)
  • Novo Nordisk A/S (Denmark)
  • SARSTEDT AG & Co. KG (Germany)
  • BD (U.S.)
  • Vygon SAS (France)
  • PAJUNK (U.S.)
  • Exel International (Hong Kong)
  • CooperSurgical Inc. (U.S.)
  • Smith & Nephew plc (UK)
  • AdvaCare Pharma (U.S.)


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