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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.

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. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Spinal Needles Market