Spinal needles Market Competitive Landscape, Industry analysis, Segmentation and Trends 2030


The global spinal needles market is increasing rapidly, mainly due to the rising cases of spinal disorders

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Spinal Needles Market Overview

The global spinal needles market is increasing rapidly, mainly due to the rising cases of spinal disorders and injuries. Additionally, the growing population is also supporting the market growth up to some extent. Moreover, digital healthcare is manifesting a more global approach with group practices and consolidations throughout spinal treatments markets, which, as a result, is providing impetus to the growth of the market.

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Similarly, increasing numbers of patients suffering from neurodegenerative disorders like Alzheimer’s and Parkinson’s disease are fostering the growth of the spinal needles market. Besides, increasing healthcare expenditures and governmental support for the research and development contribute to the market growth. On the other hand, the development of alternative diagnostic tests and misconception about spinal needles among people impedes the growth of the market.According to Market Research Future (MRFR), the global Spinal Needles Market is estimated to witness a sharp growth by 2030, in terms of value and volume. In its recently published study report, MRFR also asserts that the market would register a CAGR over 7.70% during the forecasted period (2022 – 2030). T

Similarly, increasing numbers of patients suffering from neurodegenerative disorders like Alzheimer’s and Parkinson’s disease are fostering the growth of the spinal needles market. Besides, increasing healthcare expenditures and governmental support for the research and development contribute to the market growth. On the other hand, the development of alternative diagnostic tests and misconception about spinal needles among people impedes the growth of the market. The market’s growth is limited due to the factors like increased surgery expenses, side effects of spine related operations, introduction of needle free technology, and substitute methods for diagnostic testing..

Segments

The market has been analysed by its various segments to provide an expansive view of the market; this allows for accurate identification of market direction and factors affecting growth. The global spinal needle market is segmented by type, application, end users, size and region.

By type, the market has been segregated intp atraumatic needle tips, directional spinal needles, pencil-point needles and others.

By application, the market has been divided into diagnostic and therapeutic.

By end users, the market has been segmented to include hospitals, clinics and other. Hospitals occupy neard three fourt hof the total market due to the demand for the product in surgical equipment.

By size, the market has been segmented into 24G, 25G, 27G and others.

By region, the global market has been segmented to include the Americas, Europe, the Asia-Pacific and the Middle East and Africa.

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Key Players

The key players in the global spinal needles market include Argon Medical Devices Inc (Netherland),  B. Braun (Germany), BD (USA), Boston Scientific (USA), Cook Medical (USA), Exel International (USA), Halyard Health (USA), Medline Industries (USA), Medtronic (UK), MYCO Medical (USA), Novo Nordisk (Denmark), Sarstedt (UK), Smiths Medical (USA), Stryker Corporation (USA), and Wallach Surgical (USA).

Latest Industry News

  • Abacus Finance Group LLC has provided senior debt financing to support Zavation Medical Products LLC’s acquisition of Tampa, Florida-based Pan Medical US Corp, a maker of medical products used in minimally invasive procedures. 22 OCT 2018
  • Two University of Virginia alumni have built a new spine-finding device that is giving the practice of identifying the correct insertion point for epidurals and other forms of spinal anesthesia, a much-needed upgrade. 14 JUNE 2018

Regional Analysis

The Asia Pacific is projected to grow at a rapid pace during the forecast period due to the existence of a massive patient population in the region. Emerging economies in this region are increasing their healthcare expenditure which is a crucial growth driver for this region.

The Americas currently have the market lead and are expected to continue leading the market with the most significant market share. This is due to the region including the U.S and Canada where there is an increasing number of incidences of spinal problems that require spinal needles for diagnosis and treatment. Additionally, the developed countries of this region have a well-developed healthcare sector, the strong presence of key market players, and increased research development of the product and its applications will drive robust growth for this region during the forecast period.

Europe has the second position regarding market share due to similar growth patterns as the Americas. There is also a large geriatric population in this region which has driven the demand for spinal needle diagnostics therapeutics thus motivating market growth.

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