Spinal Needles Market Report Covers Detailed Industry Scope, Future Market Size Scenario

Research Reports

Jan 26, 2021

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 research and development contribute to the market growth. On the other hand, the development of alternative.

According to Market Research Future (MRFR), the global spinal needles market is estimated to witness a sharp growth by 2023, in terms of value and volume. In its recently published study report, MRFR also asserts that the market would register a CAGR of over 6.8% during the forecasted period (2017 – 2023). The increasing prevalence of different neurological diseases that are the damaging brain and spinal nerves are driving the market growth.

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.

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.

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The European region accounts for the second position in the global spinal needles market. The 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 2017-2023.

Global Spinal Needles Market – Segments

The report is segmented into five market dynamics to widen the scope of understanding,

By Type: Directional Spinal Needles, Atraumatic Needle Tips, and Pencil-point Needles, among others.

By Size: 24G, 25G, and 27G, among others.

By Application: Diagnostics and Therapeutics.

By End-users: Hospitals, Clinics, among others.

By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).

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Major Players:

Players leading the spinal needles market include B. Braun (Germany), Boston Scientific (US), Medline Industries (US), BD (US), Sarstedt (UK), Smiths Medical (US), Exel International (US), Halyard Health (US), MYCO Medical (US), Medtronic (UK), Wallach Surgical (US), Novo Nordisk (Denmark), Argon Medical Devices, Inc (Netherland), Stryker Corporation (US), and Cook Medical (US), among others.

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