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Market Size in USD Billion
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USD 274.60 Million |
| USD 426.52 Million | |
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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.
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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.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Atraumatic Needles, Directional Spinal Needles, and Pencil-Point Needles), Application (Therapeutic and Diagnostic), End User (Hospitals and Clinics, Diagnostic Centres, Research Laboratories, Others)
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Countries Covered
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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
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Market Players Covered
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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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Market Opportunities
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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.
Drivers
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.
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.
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
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
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
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
Application
End User
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.
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:
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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 customized 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 analyzed 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.