Spinal Needles Market Research Report - Global Forecast till 2027

Global Spinal Needles Market Research Report: Information by Type (Atraumatic Needles, Directional Spinal Needles, and Pencil-Point Needles), Application (Therapeutic and Diagnostic), End User (Hospitals and Clinics, Diagnostic Centers, Research Laboratories, and Others), and Region (Americas, Europe, Asia-Pacific, and Middle East & Africa) - Forecast till 2027

ID: MRFR/MED/0709-HCR | February 2021 | Region: Global | 80 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill Sample form for the updated data.

Market Scenario


The spinal needles market is expected to register 7.2% CAGR during the forecast period, 2019 to 2025. The market was valued at approximately USD 207.6 million in 2018.


Spinal needles are medical equipment that is generally used for diagnostic or therapeutic purposes. These needles are inserted into the 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 the central nervous system.


Segmentation


The global spinal needles have been segmented based on type, application, end-user, and region. The global market, based on type, has been segmented into atraumatic needles, directional spinal needles, and pencil-point needles. The pencil-point needles segment is expected to be the largest segment, owing to the increasing adoption of the pencil-point needles.


The global market, based on application, has been bifurcated into therapeutic and diagnostic. The therapeutic segment is expected to be largest, in terms of value, due to the increasing prevalence and diagnosis of brain and spinal diseases.      


The global market, based on end-user, has been segmented into hospitals & clinics, diagnostic centers, research laboratories, and others. Hospitals and clinics are the largest end-users of spinal needles market. The hospitals & clinics segment is anticipated to hold a major share of the market during the forecast period due to the growing geriatric population and increasing prevalence of neurodegenerative disorders.


The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The spinal needles market in the Americas has further been divided into North America and Latin America. In North America, the market is bifurcated into the US and Canada. The European spinal needles market has been sub-divided into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, Italy, Spain, the UK, and the rest of Western Europe. The spinal needles market in Asia-Pacific has been segmented into Japan, China, India, South Korea, and Australia. The spinal needles market in the Middle East & Africa has been divided into the Middle East and Africa


Key Players


The key players operating in the global spinal needles market are Boston Scientific Corporation, B. Braun Melsungen AG, Medtronic plc., EXELINT International, Co., Smiths Medical, Stryker Corporation, ARGON MEDICAL, Myco Medical, Cook Medical, and Novo Nordisk A/S.  


Regional Market Summary


Global Spinal Needles Market Share (%), by Region, 2018


Source: World Health Organization (WHO), Institute of Medicine (IOM)


The market in the Americas is projected to have a steady growth rate during the forecast period owing to the increasing number of patients with spinal diseases and government initiatives for healthcare reforms. Moreover, there is an increase in the use of these needles by healthcare physicians. According to the American Chiropractic Association, in 2017, one-half of all working Americans admit to having symptoms of back pain every year. Moreover, approximately 17,730 new spinal cord injuries occur each year. Thus, the increasing cases of spinal injuries would ultimately drive the demand for spinal needles in the region.


The market in Europe showed substantial growth during the forecast period. The market growth in this region can be attributed due to the rise in the number of spinal surgeries. According to the World Health Organization (WHO), spinal surgeries increased by 77% in the last five years. Moreover, the rising healthcare expenditure is expected to drive the growth of spinal needles market in this region.


The market in Asia-Pacific is expected to dominate the spinal needles market due to the increasing investment in the development of healthcare infrastructure. Moreover, there is an increase in the number of patients suffering from spinal disease, including spondylitis. Such factors are driving the growth of the spinal needles market in this region.


The market in the Middle East & Africa is expected to grow at a substantial rate due to the increase in the use of surgical treatment for spinal diseases in the region.


Global Spinal Needles Market, by Type



  • Atraumatic Needles

  • Directional Spinal Needles

  • Pencil-Point Needles


Global Spinal Needles Market by Application



  • Therapeutic

  • Diagnostic


Global Spinal Needles Market, by End User



  • Hospital & Clinics

  • Diagnostic Centres

  • Research Laboratories

  • Others


Global Spinal Needles Market, by Region



  • Americas

    • North America

      • US

      • Canada








  • Europe



    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe






  • Asia-Pacific



    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific





  • Middle East & Africa

    • Middle East

    • Africa




Intended Audience



  • Medical device companies

  • Research and development (R&D) companies

  • Government research institutes

  • Academic institutes and universities

  • Venture capitalists



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   7.2%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application and End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Boston Scientific Corporation, B. Braun Melsungen AG, Medtronic plc., EXELINT International, Co., Smiths Medical, Stryker Corporation, ARGON MEDICAL, Myco Medical, Cook Medical, and Novo Nordisk A/S
  Key Market Opportunities   Increasing number of patients with spinal diseases and government initiatives for healthcare reforms.
  Key Market Drivers

  • Rising healthcare expenditure is expected to drive the growth of spinal needles market.
  • Increase in the number of patients suffering from spinal disease, including spondylitis.


  • Frequently Asked Questions (FAQ) :


    Spinal Needles Market valuation was USD 207.6 million.

    The hospitals & clinics segment would dominate the Spinal Needles Market.

    The Americas would head the Spinal Needles Market.


    TABLE OF CONTENTS


    REPORT PROLOGUE

    MARKET INTRODUCTION


    2.1. Definition

    2.2. Scope of the Study

    2.2.1. Research Objective

    2.2.2. Assumptions

    2.2.3. Limitations


    RESEARCH METHODOLOGY


    3.1. Overview

    3.2. Primary Research

    3.3. Secondary Research

    3.4. Market Size Estimation


    MARKET DYNAMICS


    4.1. Overview

    4.2. Drivers

    4.3. Restraints

    4.4. Opportunities


    MARKET FACTOR ANALYSIS


    5.1. Porter’s Five Forces Analysis

    5.1.1. Bargaining Power of Suppliers

    5.1.2. Bargaining Power of Buyers

    5.1.3. Threat of New Entrants

    5.1.4. Threat of Substitutes

    5.1.5. Intensity of Rivalry

    5.2. Value Chain Analysis



    GLOBAL SPINAL NEEDLES MARKET, BY TYPE


    6.1. Overview

    6.2. Atraumatic Needles

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.3. Directional Spinal Needles

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.4. Pencil-Point Needles

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027


    GLOBAL SPINAL NEEDLES MARKET, BY APPLICATION


    7.1. Overview

    7.2. Therapeutic

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.3. Diagnostic

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027



    GLOBAL SPINAL NEEDLES MARKET, BY END USER


    8.1. Overview

    8.2. Hospitals & Clinics

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    8.3. Diagnostic Centers

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    8.4. Research Laboratories

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    8.5. Others

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027


    GLOBAL SPINAL NEEDLES MARKET, BY REGION


    9.1. Overview

    9.2. Americas

    9.2.1. North America

    9.2.1.1. US

    9.2.1.2. Canada

    9.2.2. Latin America

    9.3. Europe

    9.3.1. Western Europe

    9.3.1.1. Germany

    9.3.1.2. France

    9.3.1.3. Italy

    9.3.1.4. Spain

    9.3.1.5. UK

    9.3.1.6. Rest of Western Europe

    9.3.2. Eastern Europe

    9.4. Asia-Pacific

    9.4.1. Japan

    9.4.2. China

    9.4.3. India

    9.4.4. Australia

    9.4.5. South Korea

    9.4.6. Rest of Asia-Pacific

    9.5. Middle East & Africa

    9.5.1. Middle East

    9.5.2. Africa


    COMPANY LANDSCAPE


    10.1. Overview

    10.2. Competitive Analysis

    10.3. Market Share Analysis

    10.4. Major Growth Strategy in the Global Spinal Needles Market

    10.5. Competitive Benchmarking

    10.6. Leading Players in Terms of Number of Developments in the Global Spinal Needles Market

    10.7. Key developments and Growth Strategies

    10.7.1. Product Launch/Service Deployment

    10.7.2. Mergers and Acquisitions

    10.7.3. Joint Ventures

    10.8. Major Players Financial Matrix & Market Ratio

    10.8.1. Sales & Operating Income 2020

    10.8.2. Major Players R&D Expenditure 2020

    10.9. Major Players Capital Market Ratio


    COMPANY PROFILES


    11.1. Boston Scientific Corporation

    11.1.1. Company Overview

    11.1.2. Product Overview

    11.1.3. Financial Overview

    11.1.4. Key Developments

    11.1.5. SWOT Analysis

    11.1.6. Key Strategies

    11.2. B. Braun Melsungen AG

    11.2.1. Company Overview

    11.2.2. Product Overview

    11.2.3. Financial Overview

    11.2.4. Key Developments

    11.2.5. SWOT Analysis

    11.2.6. Key Strategies

    11.3. Medtronic plc.

    11.3.1. Company Overview

    11.3.2. Product Overview

    11.3.3. Financial Overview

    11.3.4. Key Developments

    11.3.5. SWOT Analysis

    11.3.6. Key Strategies

    11.4. EXELINT International, Co.,

    11.4.1. Company Overview

    11.4.2. Product Overview

    11.4.3. Financial Overview

    11.4.4. Key Developments

    11.4.5. SWOT Analysis

    11.4.6. Key Strategies

    11.5. Smiths Medical

    11.5.1. Company Overview

    11.5.2. Product Overview

    11.5.3. Financial Overview

    11.5.4. Key Developments

    11.5.5. SWOT Analysis

    11.5.6. Key Strategies

    11.6. Stryker Corporation

    11.6.1. Company Overview

    11.6.2. Product Overview

    11.6.3. Financial Overview

    11.6.4. Key Developments

    11.6.5. SWOT Analysis

    11.6.6. Key Strategies

    11.7. ARGON MEDICAL

    11.7.1. Company Overview

    11.7.2. Product Overview

    11.7.3. Financial Overview

    11.7.4. Key Developments

    11.7.5. SWOT Analysis

    11.7.6. Key Strategies

    11.8. Myco Medical

    11.8.1. Company Overview

    11.8.2. Product Overview

    11.8.3. Financial Overview

    11.8.4. Key Developments

    11.8.5. SWOT Analysis

    11.8.6. Key Strategies

    11.9. Cook Medical

    11.9.1. Company Overview

    11.9.2. Product Overview

    11.9.3. Financial Overview

    11.9.4. Key Developments

    11.9.5. SWOT Analysis

    11.9.6. Key Strategies

    11.10. Novo Nordisk A/S

    11.10.1. Company Overview

    11.10.2. Product Overview

    11.10.3. Financial Overview

    11.10.4. Key Developments

    11.10.5. SWOT Analysis

    11.10.6. Key Strategies

    11.11. Others


    APPENDIX


    12.1. References

    12.2. Related Reports

    LIST OF TABLES

    TABLE 1 GLOBAL SPINAL NEEDLES MARKET SYNOPSIS, 2020-2027

    TABLE 2 GLOBAL SPINAL NEEDLES MARKET ESTIMATES & FORECAST, 2020-2027 (USD MILLION)

    TABLE 3 GLOBAL SPINAL NEEDLES MARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 4 GLOBAL SPINAL NEEDLES MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 5 GLOBAL SPINAL NEEDLES MARKET, BY END USER, 2020-2027 (USD MILLION)

    TABLE 6 GLOBAL SPINAL NEEDLES MARKET, BY REGION, 2020-2027 (USD MILLION)

    TABLE 7 NORTH AMERICA: SPINAL NEEDLES MARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 8 NORTH AMERICA: SPINAL NEEDLES MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 9 NORTH AMERICA: SPINAL NEEDLES MARKET, BY END USER, 2020-2027 (USD MILLION)

    TABLE 10 US: SPINAL NEEDLES MARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 11 US: SPINAL NEEDLES MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 12 US: SPINAL NEEDLES MARKET, BY END USER, 2020-2027 (USD MILLION)

    TABLE 13 CANADA: SPINAL NEEDLES MARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 14 CANADA: SPINAL NEEDLES MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 15 CANADA: SPINAL NEEDLES MARKET, BY END USER, 2020-2027 (USD MILLION)

    TABLE 16 LATIN AMERICA: SPINAL NEEDLES MARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 17 LATIN AMERICA: SPINAL NEEDLES MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 18 LATIN AMERICA: SPINAL NEEDLES MARKET, BY END USER, 2020-2027 (USD MILLION)

    TABLE 19 EUROPE: SPINAL NEEDLES MARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 20 EUROPE: SPINAL NEEDLES MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 21 EUROPE: SPINAL NEEDLES MARKET, BY END USER, 2020-2027 (USD MILLION)

    TABLE 22 WESTERN EUROPE: SPINAL NEEDLES MARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 23 WESTERN EUROPE: SPINAL NEEDLES MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 24 WESTERN EUROPE: SPINAL NEEDLES MARKET, BY END USER, 2020-2027 (USD MILLION)

    TABLE 25 EASTERN EUROPE: SPINAL NEEDLES MARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 26 EASTERN EUROPE: SPINAL NEEDLES MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 27 EASTERN EUROPE: SPINAL NEEDLES MARKET, BY END USER, 2020-2027 (USD MILLION)

    TABLE 28 ASIA-PACIFIC: SPINAL NEEDLES MARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 29 ASIA-PACIFIC: SPINAL NEEDLES MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 30 ASIA-PACIFIC: SPINAL NEEDLES MARKET, BY END USER, 2020-2027 (USD MILLION)

    TABLE 31 MIDDLE EAST & AFRICA: SPINAL NEEDLES MARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 32 MIDDLE EAST & AFRICA: SPINAL NEEDLES MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 33 MIDDLE EAST & AFRICA: SPINAL NEEDLES MARKET, BY END USER, 2020-2027 (USD MILLION)


    LIST OF FIGURES

    FIGURE 1 RESEARCH PROCESS

    FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL SPINAL NEEDLES MARKET

    FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL SPINAL NEEDLES MARKET

    FIGURE 4 GLOBAL SPINAL NEEDLES MARKET SHARE, BY TYPE, 2020 (%)

    FIGURE 5 GLOBAL SPINAL NEEDLES MARKET SHARE, BY APPLICATION, 2020 (%)

    FIGURE 6 GLOBAL SPINAL NEEDLES MARKET SHARE, BY END USER, 2020 (%)

    FIGURE 7 GLOBAL SPINAL NEEDLES MARKET SHARE, BY REGION, 2020 (%)

    FIGURE 8 AMERICAS: SPINAL NEEDLES MARKET SHARE BY REGION, 2020 (%)

    FIGURE 9 NORTH AMERICA: SPINAL NEEDLES MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 10 EUROPE: SPINAL NEEDLES MARKET SHARE, BY REGION, 2020 (%)

    FIGURE 11 WESTERN EUROPE: SPINAL NEEDLES MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 12 ASIA-PACIFIC: SPINAL NEEDLES MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 13 MIDDLE EAST & AFRICA: SPINAL NEEDLES MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 14 GLOBAL SPINAL NEEDLES MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

    FIGURE 15 BOSTON SCIENTIFIC CORPORATION: KEY FINANCIALS

    FIGURE 16 BOSTON SCIENTIFIC CORPORATION: SEGMENTAL REVENUE

    FIGURE 17 BOSTON SCIENTIFIC CORPORATION: REGIONAL REVENUE

    FIGURE 18 B. BRAUN MELSUNGEN AG: KEY FINANCIALS

    FIGURE 19 B. BRAUN MELSUNGEN AG: SEGMENTAL REVENUE

    FIGURE 20 B. BRAUN MELSUNGEN AG: REGIONAL REVENUE

    FIGURE 21 MEDTRONIC PLC.: KEY FINANCIALS

    FIGURE 22 MEDTRONIC PLC.: SEGMENTAL REVENUE

    FIGURE 23 MEDTRONIC PLC.: REGIONAL REVENUE

    FIGURE 24 EXELINT INTERNATIONAL, CO.: KEY FINANCIALS

    FIGURE 25 EXELINT INTERNATIONAL, CO.: SEGMENTAL REVENUE

    FIGURE 26 EXELINT INTERNATIONAL, CO.: REGIONAL REVENUE

    FIGURE 27 SMITHS MEDICAL: KEY FINANCIALS

    FIGURE 28 SMITHS MEDICAL: SEGMENTAL REVENUE

    FIGURE 29 SMITHS MEDICAL: REGIONAL REVENUE

    FIGURE 30 STRYKER CORPORATION: KEY FINANCIALS

    FIGURE 31 STRYKER CORPORATION: SEGMENTAL REVENUE

    FIGURE 32 STRYKER CORPORATION: REGIONAL REVENUE

    FIGURE 33 ARGON MEDICAL: KEY FINANCIALS

    FIGURE 34 ARGON MEDICAL: SEGMENTAL REVENUE

    FIGURE 35 ARGON MEDICAL: REGIONAL REVENUE

    FIGURE 36 MYCO MEDICAL: KEY FINANCIALS

    FIGURE 37 MYCO MEDICAL: SEGMENTAL REVENUE

    FIGURE 38 MYCO MEDICAL: REGIONAL REVENUE

    FIGURE 39 COOK MEDICAL: KEY FINANCIALS

    FIGURE 40 COOK MEDICAL: SEGMENTAL REVENUE

    FIGURE 41 COOK MEDICAL: REGIONAL REVENUE

    FIGURE 42 NOVO NORDISK A/S: KEY FINANCIALS

    FIGURE 43 NOVO NORDISK A/S: SEGMENTAL REVENUE

    FIGURE 44 NOVO NORDISK A/S: REGIONAL REVENUE