Spinal needles market has developed considerably due to rise in demand for this particular equipment. Market Research Future, who publishes market reports related to the Healthcare sector among others, recently published a report on the scenario in this market. The sector is estimated to develop at a CAGR of 6.8% during the forecasted period.
Market Scenario
Spinal needle are the medical devices generally used for the diagnostic or therapeutic purposes. These needles are inserted into spinal canal for the collection of cerebrospinal fluid (CSF) for diagnostic testing or drug administration for the treatment of diseases. The sample collected is mainly used for diagnosing diseases related to central nervous system. The global spinal needles market is chiefly driven by increasing prevalence of different brain and spinal diseases. Increasing prevalence of neurological disorders, generic population and increasing number of patients suffering from neurodegenerative disorders like Alzheimer’s and Parkinson’s disease are major driving factors for the market. Beside this, increasing awareness about diseases, increasing healthcare expenditure of people and increasing governmental support for the research and development also contribute for the growth of the market. Development of alternative diagnostic tests and misconception about spinal needles in people hampers the growth of market.
The global spinal needle market is expected to grow at a CAGR of 6.8% during the forecasted period 2017-2023.
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Key Players for Global Spinal Needles Market
Boston Scientific (US), B. Braun (Germany), Medline Industries (US), Sarstedt (UK), BD (US), Smiths Medical (US), Halyard Health (US), Exel International (US), MYCO Medical (US), Wallach Surgical (US), Medtronic (UK), Novo Nordisk (Denmark), Stryker Corporation (US), Argon Medical Devices, Inc (Netherland), Cook Medical (US)
Regional analysis
Global spinal needle market is dominated by America. America’s spinal needle market is majorly driven by increasing number of spinal surgeries, increasing prevalence of different neurological disease and increasing awareness among the people. Well-developed healthcare sectors and increasing healthcare expenditure with rising prevalence of diseases has driven the Europe spinal needle market to acquire the second position. Asia Pacific region is expecting a faster growth for the market during forecasted period. Presence of huge patient population suffering from different infectious diseases is the major driving factor for the market in Asia Pacific region.
Segmentation
Global spinal needle market is segmented on the basis of type, application and end users. On the basis of type, the market is segmented into atraumatic needle tips, directional spinal needles, pencil-point needles and others. On the basis of size, the market is segmented into 24G, 25G, 27G and other. On the basis of application, the market is segmented into diagnostic and therapeutic. And on the basis of end users, they are segmented into hospitals, clinics and other.
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Detailed Table of Contents:
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
- Global Spinal Needles Market, By Type
5.1 Atraumatic Needle Tips
5.2 Directional Spinal Needles
5.3 Pencil-Point Needles
5.4 Others
…Continued
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