Amniocentesis Needles Market anticipated to reach USD 2 million by 2028 | Key Players: Medtronic, BD, CooperSurgical, Inc., Integra LifeSciences Corporation., Smiths Group plc
Rise in preference for minimally-invasive diagnostic procedures, increase rate of pregnancy, high adoption and acceptance of diagnostic test in developed markets are driving the growth of the Amniocentesis Needles Market. High success rate of amniocentesis procedure, and innovations and developments in technology is likely to propel the growth of the market. Excessive amniotic fluid during pregnancy leads to increasing risks of complication. Increasing prevalence of diabetes, RH incompatibility, and complications during pregnancy such as twin-to-twin transfusion will continue to positively impact growth of the global amniocentesis market.
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Major challenges for the market are high cost of the procedure, stiff competition among existing players, and fetal injuries. Low availability of diagnostic equipment and lack of awareness of amniocentesis technique among the rural population in developing and underdeveloped economies are other factors impeding growth of the market.
The report provides information on the current scenario, detailed outlook on the global Regenerative Medicine market with thorough analysis of different segments which comprises of Procedure (Amniocentesis, Amnioreduction, Fetal Blood Transfusion, Amnioinfusion), By Type (100 - 150 mm, Larger Than 150 mm and Smaller Than 100 mm), End User (Hospitals, Diagnostic Centers, Clinics, and Others).
Recent trends of collaborations of local and global companies and the growing support of government and healthcare agencies are expected to have a synergistic effect on market growth. Such collaboration and exchange of technologies help in speeding up the development and boost the market competition.
• In June 2018, Getinge released a new version of the Flow-c anesthesia machine. This item is intended to simplify the daily workflow of anesthesia in a rapidly-paced OR.
• In April 2019, "Mom Scanning Plus," was introduced by Boryung Biopharma, which is a non-invasive prenatal test, alongside CancerRop to detect genetic disorders using molecular diagnostics.
Major Companies profiled in the report which are key players in the global Amniocentesis Needles market are Medtronic, BD, CooperSurgical, Inc., Integra LifeSciences Corporation., Smiths Group plc, Medline Industries, Inc., Cook, RI.MOS. srl, Biopsybell, Tsunami Medical S.r.l., Rocket Medical plc. LabIVF Asia Pte Ltd., MDL SRL, ZAMAR CARE., Möller Medical GmbH, ARGON MEDICAL, and AngioDynamics.
The major region dominating the global market is North America. The U.S. held a major share of the global amniocentesis needle market in North America. High awareness level, advanced technology, and high purchasing power in North America are expected to drive the amniocentesis needle market. However, high cost of the test restrains the market in developing regions.
The market in Asia Pacific has seen a high growth rate in the past few years. Surge in disposable income, Rise in population, and rise in awareness are the key factors driving the market in Asia Pacific. Therefore, the region has witnessed high number of new entrants compared to developed regions.
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An Overview of the report
1. The report offers insights on the global overview of the Amniocentesis Needles market
2. The recent market developments are scrutinized to project latest trends along with growth rate projections
3. Deeper understanding of the competitive landscape of the major companies operating in the market
4. New Opportunities and challenges for the global Amniocentesis Needles market
5. Study of innovation and technological advancements in the industry
Analysts have undertaken research based on in-depth understanding of the market with qualitative and quantitative data. The market has been segmented into various segments such as product and room type along with regional analysis. The segments and sub-segments offer insights on current and potential growth trajectories.
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