Spinal Needles Market Size and Key Trends in Terms Of Volume and Value - Forecast to 2025

The report analyzes and presents an overview of "Spinal Needles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" worldwide.

The main objective of this report is to define, describe, and forecast the global “Spinal Needles” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Spinal needles are medical devices which are generally used for diagnostic or therapeutic purposes. 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 disease. Spinal anesthesia is an important procedure performed during spine surgery in which the spinal needles play an important role in the administration of anesthesia. Key players or manufacturers have modified the design of spinal needles to simplify their usage and minimize complications during spinal surgical procedures. Needle design varies in diameter, tip design, and orifice location, which has been altered to enable rapid flow of cerebral spinal fluid (CSF) and injected medication.

Major factors that are expected to drive the spinal needles market during the forecast period are rising prevalence of spinal stenosis or spondylolisthesis and neurological disorders, rise in the geriatric population leading to increasing displacement of vertebrae, which is associated with age, and increasing applications of spinal needles in different spine surgeries. Furthermore, the increase in number of patients suffering from neurodegenerative disorders such as Alzheimer’s and Parkinson’s disease, increasing awareness about spinal diseases, rising healthcare expenditure of people, and increasing government support for R&D activities are also likely to fuel the spinal needles market during forecast period. However, the rise in surgical cost, side-effects of spine surgery, and alternative diagnostic tests are anticipated to be major restraints of the spinal needles market during the forecast period.

The spinal needles market is segmented based on product type, application, and end-user. In terms of product type, the spinal needles market is segmented into atraumatic needles, directional spinal needles, and pencil-point needles, which are employed for different spinal surgeries. Pencil-point needles are currently the most widely adopted devices. Promising results of the advancements in spinal needles for treatment of various spine surgery and rising clinical studies in spinal surgeries are expected to drive the spine needles product segment in the next few years. Based on application, the spine needles market is segregated into diagnostic and therapeutic. Diagnostic applications of spinal needles include evaluation of the surgeries such as posterolateral gutter fusion surgery, transforaminal lumbar interbody fusion surgery, and posterior lumbar interbody fusion surgery. Therapeutic applications of spinal needles for surgery include anterior/posterior spinal fusion surgery, pain management, percutaneous vertebroplasty, percutaneous kyphoplasty, and extreme lateral interbody fusion surgery. Various clinical trials are underway for the application of spinal needles technique in the treatment of other major spinal or vertebrae disorders.

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In terms of region, the global spinal needles market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global spinal needles market from 2017 to 2025 due to factors such as rise in the geriatric patient population suffering from vertebrae displacement and spinal stenosis or spondylolisthesis, increasing number of spinal surgeries, increasing prevalence of different neurological disease, and increasing awareness among the people. According to the report published by Dartmouth Institute of Health Policy & Clinical Practice, in 2014, nearly 80% of Americans are likely to experience back pain and about 30 million people a year are projected to receive professional medical care for a spine problem. This, along with increasing approvals on surgical procedures by surgeons, presents significant opportunities for players operating in the spine needles market in North America. However, the rising incidence of spinal surgeries in Asia Pacific, increasing healthcare expenditure, and rising demand for new techniques for the treatment of spondylitis are expected to augment the spinal needles market in Asia Pacific from 2017 to 2025.

Key players operating in the global spinal needles market include SARSTEDT AG & Co, Becton Dickinson, B. Braun Medical, Vygon, PAJUNK, Thiebaud S.A.S., Boston Scientific Corporation, Smiths Medical, Halyard Health, Exel International, MYCO Medical, Wallach Surgical, Medtronic, Stryker Corporation, Argon Medical Devices, Inc, and Cook Medical.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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