Spinal Needles Market Competitive Landscape and Highlighted Key Acquisitions 2023 | Top Industry Leaders Medline Industries, Sarstedt, BD, Smiths Medical, Halyard Health, Exel International, MYCO Medical and Others

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.

Intended Audience

• Spinal needles manufacturers
• Spinal needles suppliers
• Research and Development (R&D) companies
• Independent research laboratories
• Market research and consulting service providers
• Medical research laboratories
• Academic medical institutes and universities

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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