Spinal Needles Market Overview

A spinal needle is a medical device used for various diagnostic and therapeutic purposes. A spinal needle is inserted in the spinal canal to collect cerebrospinal fluid (CSF) for diagnostic testing or drug administration to treat different diseases. This CSF sample collected is mainly used to diagnose brain or spine related diseases and disorders. 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 .The increasing prevalence of different neurological diseases that are damaging brain and spinal nerves are driving the market growth.

This report analyzes the market structure and offers insights about factors affecting the market growth. Evaluating Spinal needles Market Analysis and forecasting the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R & D), and strategic alliances. Factors aiding the growth of the market include the availability of improved surgical processes, technological advancements in medical devices, reduced complications from the use of spinal needles in spine related surgeries, and an increase in demand for spine needles due to increase in the level of neurological disorders. The limitations that can hamper the market growth include factors like increased surgery expenses, side effects of spine-related operations, and substitute methods for diagnostic testing.

Spinal needles are medical devices generally used in administration of drug or diagnostic purposes. Spinal needles are inserted into the spinal cord or canal for the collecting cerebrospinal fluid (CSF) for diagnostic testing purposes or drug administration for the treatment of any neurological disease, fractures or vertebroplasty. Spinal anaesthesia is done to temporarily numb the area of pain during spine surgery in which the spinal needles play an important role in the drug administration of anaesthesia. Moreover, technological advancements in medical devices and the availability of improved surgical processes, the market is anticipated to showcase rigorous growth. Reduction in complications from the use of spinal needles in spine related surgeries, the market is expected to grow at a high rate. Additionally, the products have evolved towards being more qualitative, promoting easier adoption and switch to spinal needles, hence, driving the market exponentially.

Spinal Needles Market Segmentation

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.

Spinal Needles Market Regional Analysis

North America leads the global spinal needles market with the largest market share. The regional market is largely driven by the rising numbers of spinal surgeries, increasing prevalence of different neurological diseases, and growing awareness among the people. Moreover, factors such as technological innovation, advancement in manufacturing processes, and contribution of nanotechnology, substantiate the market growth. Countries like the US and Canada play a vital role in the growth of this market. Besides, high per capita healthcare expenditures and rising R&D funding to develop new techniques are some of the significant factors that would support the growth of the market in the region.

The European region accounts for the second position in the global spinal needles market. Well-developed healthcare sector and increasing healthcare expenditure with rising prevalence of diseases in the region, drive the regional market growth. Moreover, factors such as the financial support from the government for R&D activities, the increase in geriatric population and the increasing numbers of spinal surgeries for the treatment of spinal disorders in the region drive the market growth. The region is projected to grow at a substantial GAGR between.

The spinal needles market in the Asia Pacific region is rapidly emerging as a promising market globally. The growing awareness about novel spine treatment is a major driving force behind the regional market growth. Besides, increasing healthcare expenditure and increasing government funding, are key factors influencing the growth of the APAC spinal needles market, positively. Also, rising cases of obesity disorders and the presence of a large patient population suffering from various spinal disorders are fostering the growth of the regional market.

Spinal Needles Market Players

  • Medtronic Plc.
  • Boston Scientific Corporation
  • Becton Dickinson and Company
  • Braun Melsungen AG
  • Novo Nordisk A/S
  • Micsafe Medical Group
  • Cook Medical
  • Exelint International Co
  • Myco Medical
  • Stryker Corporation
  • AdvaCare Pharma

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/spinal-needles-market-1216

 

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