Global Spring-Loaded Core Needles Market, By Product (Disposable, Reusable), Nature (Manual, Automatic), End User (Clinics, Hospitals, Ambulatory Surgery Centres, Ambulatory Surgery Centres), Site (Breast, Lung, Colorectal, Prostate, Kidney, Bone and Bone Marrow, Other Sites) – Industry Trends and Forecast to 2029.
Global Spring-Loaded Core Needles Market Analysis and Size
In recent years, the spring-loaded core needles market is anticipated to grow rapidly due to the high prevalence rate of cancer. The global needles market is showing strong growth potential because of major improvements in healthcare infrastructure around the world. Increased incidences of infections and outbreaks and an increase in the number of medical operations needing immunization are fueling the spring-loaded core needle market's expansion.
- Data Bridge Market Research analyses that the spring-loaded core needles market was valued at USD 880 million in 2021 and is expected to reach USD 1,270.74 billion by 2029, registering a CAGR of 4.7% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Spring-Loaded Core Needles Market Definition
The needle might be coupled to a spring-loaded tool that quickly drives it in and out of the tissue, or it could be attached to a suction device that pulls breast tissue into the needle (known as a vacuum-assisted core biopsy). The needle extracts a tiny cylinder (core) of tissue. A number of cores are frequently removed.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Disposable, Reusable), Nature (Manual, Automatic), End User (Clinics, Hospitals, Ambulatory Surgery Centres, Ambulatory Surgery Centres), Site (Breast, Lung, Colorectal, Prostate, Kidney, Bone and Bone Marrow, Other Sites)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Koninklijke Philips N.V (Netherlands), BD (US), Hologic, Inc. (US), ARGON MEDICAL (Texas), Ethicon Endo-Surgery (US), SOMATEX Medical Technologies GmbH (Germany), STERYLAB S.r.l. (Italy), ZAMAR CARE (Croatia), Stryker (US), B. Braun Melsungen AG (Germany), Abbott (US), Medtronic (Ireland), Boston Scientific Corporation (US), Cook (US)
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Market Opportunities
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Spring-Loaded Core Needles Market Dynamics
Drivers
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Increasing Prevalence of Chronic Diseases
The rising prevalence of chronic diseases such as cancer will propel the market's growth rate during the forecast period of 2022-2029.
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Rise in the Number of Geriatric Population
The market is being propelled forward by the growing senior population, which is prone to such disorders and the growing need for convenient portable gadgets.
Furthermore, the rising preferences towards minimally invasive surgeries will be a major factor influencing the growth of the spring-loaded core needles market. Along with this, increasing urbanization and rising level of disposable income are the driving factors accelerating the growth of the spring-loaded core needles market. Also, increasing expenditure on healthcare infrastructure and favourable reimbursement scenario are the major market drivers that will further escalate the spring-loaded core needles market growth.
Opportunities
- Increase in the adoption of core needles
Moreover, the market's growth is fueled by an increase in the number of government initiatives for the adoption of core needles. This will provide beneficial opportunities for the spring-loaded core needles market growth.
Moreover, rising investment for the development of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the spring-loaded core needles market growth during the forecast period.
Restraints/Challenges Global Spring-Loaded Core Needles Market
On the other hand, the high cost associated with spring-loaded core needles will obstruct the market's growth rate. The dearth of skilled professionals and rising risk of infection will challenge the spring-loaded core needles market. Additionally, the impact of COVID-19 on supply chain and strict regulatory issues will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.
This spring-loaded core needles market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the spring-loaded core needles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Spring-Loaded Core Needles Market
Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. The COVID-19 outbreak had a massive impact on many people's lives and businesses. The spring-loaded core needles has been negatively impacted during COVID-19 pandemic. Growing number of cases around the world has resulted in a global lockdown and supply chain disruption. The industries' operations and manufacturing units were shut down. The industrial activity were ceased, and output was halted as a result. The outbreak had a profound impact on the market for spring-loaded core needles.
Global Spring-Loaded Core Needles Market Scope
The spring-loaded core needles market is segmented on the basis of product, nature, site and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Disposable
- Reusable
Based on product, spring-loaded core needles market is segmented into disposable and reusable.
Nature
- Manual
- Automatic
On the basis of nature, spring-loaded core needles market is segmented into manual and automatic.
Site
- Breast
- Lung
- Colorectal
- Prostate
- Kidney
- Bone and Bone Marrow
- Other Sites
Based on site, spring-loaded core needles market is segmented into breast, lung, colorectal, prostate, kidney, bone and bone marrow and other sites.
End User
- Clinics
- Hospitals
- Ambulatory Surgery Centres
- Ambulatory Surgery Centres
Spring-loaded core needles market has also been segmented based on the end user into clinics, hospitals, ambulatory surgery centres and ambulatory surgery centres.
Spring-Loaded Core Needles Market Regional Analysis/Insights
The spring-loaded core needles market is analysed and market size insights and trends are provided by country, product, nature, site and end user as referenced above.
The countries covered in the spring-loaded core needles market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the spring-loaded core needles market because of the well-established healthcare infrastructure and increasing awareness about advanced treatment methods in this region. Additionally, the presence of major key players will flourish themarket's growth rate in this region.
Asia-Pacific is expected to grow during the forecast period due to rising prevalence of cancer and development of healthcare sector this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The spring-loaded core needles market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for spring-loaded core needles market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the spring-loaded core needles market. The data is available for historic period 2010-2020.
Competitive Landscape and Spring-Loaded Core Needles Market Share Analysis
The Spring-loaded core needles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to spring-loaded core needles market.
Some of the major players operating in the spring-loaded core needles market are:
- Koninklijke Philips N.V (Netherlands)
- BD (US)
- Hologic, Inc. (US)
- ARGON MEDICAL (Texas)
- Ethicon Endo-Surgery (US)
- SOMATEX Medical Technologies GmbH (Germany)
- STERYLAB S.r.l. (Italy)
- ZAMAR CARE (Croatia)
- Stryker (US)
- B. Braun Melsungen AG (Germany)
- Abbott (US)
- Medtronic (Ireland)
- Boston Scientific Corporation (US)
- Cook (US)
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