The substantial demand for spinal needles in rising number of spine surgery procedures is a key factor driving the market. The steadily growing application of these medical devices in spinal anesthesia in everyday medical practices in various parts of the world has helped the spinal needles market rapidly evolve over the recent decades. The growing prevalence of spinal stenosis and a range of neurological disorders are notable trends expected to contribute to the rapid expansion of the market. A new report by Transparency Market Research (TMR), titled “Spinal Needles Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025”, presents incisive analysis of such trends and factors influencing the growth dynamics over the period 2017–2025. The study takes a closer look at the prevailing regulatory landscape and emerging lucrative avenues in various regions.
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The rising prevalence of spine injuries, especially from a burgeoning elderly population in need for spondylolisthesis treatment, is fueling the demand for spinal needles. The potential of spinal needles to be used in the treatment of various neurodegenerative disorders, such as Alzheimer’s and Parkinson’s disease, is a crucial factor boosting the market. Furthermore, relentless industry efforts being made to improvise the technique of spinal anesthesia is catalyzing the market’s growth. The market is also anticipated to benefit from the increased awareness of spinal cord problems among adult populations.
The vast therapeutic and diagnostic potential of spinal needles used in collecting cerebrospinal fluid (CSF) for drug administration or testing is opening up lucrative prospects in the market. The noticeable side-effects of spinal anesthesia post surgeries in various patients, notably in obstetric patients, may impede their demand in medical practices. Moreover, the high cost of spine surgeries may dissuade many patients to undergo the treatments. Nevertheless, the growth of the market will gain momentum from unceasing efforts of researchers to modify the design of the tip of spinal needles, notably in stylet-tipped needle. Design innovations will lead to a greater flow of cerebral spinal fluid, improving the potential of spinal needles. The recent modifications made directional spinal needles augurs well for the market.
The extensive adoption of pencil-point spinal needles is significantly contributing to the revenue of the global market. This is chiefly attributed to their superiority over other types. Some of the key therapeutic applications of spinal needles can be anterior/posterior spinal fusion surgery, percutaneous vertebroplasty, pain management, and percutaneous kyphoplasty. Rapidly rise in number of clinical studies also bodes well for the market.
On a geographic front, some of the key regional segments could be Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Regionally, North America is potentially attractive market, driven by the rising uptake in growing number of spinal surgeries. The rapid rise in spinal cord cords in the population of the region is also catalyzing its growth. In addition, wide approvals of surgical procedures using smart needles by surgeons is a notable factor accentuating this regional market. Coupled with this, elevated awareness of spinal surgeries is a notable factor that bodes well for the regional market.
Asia Pacific is expected to rise at a prominent pace, fueled by robust healthcare spending in several of its key economies, and the growing number of surgical procedures. Emerging treatment options for spondylitis will lead to a substantially rising demand for spinal needles.
Players holding a position of strength in the spinal needles market include Cook Medical, Argon Medical Devices, Inc, Stryker Corporation, Medtronic, Wallach Surgical, Exel International, Halyard Health, Smiths Medical, Boston Scientific Corporation, Thiebaud S.A.S., Vygon, and PAJUNK, and SARSTEDT AG & Co.