What is Epidural Needle?
An epidural needle is simply a needle that is placed into the epidural space that is used to provide epidural analgesia or anesthesia. It comes in a variety of sizes and lengths. Its variations in size and length help in reaching the epidural space from the patient's back. The size of the epidural needle refers to the thickness of the epidural needle. The gauge of the epidural needle related to its size and higher the gauge equates to a thinner epidural needle. High demand for an epidural needle for applications into biomedical procedures is a major driving factor for the epidural needle market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Vygon SA (France), Ypsomed Holding AG (Switzerland), Novo Nordisk AS (Denmark), Boston Scientific Corporation (United States), Smith & Nephew plc (United Kingdom), Medtronic plc (Ireland), Terumo Medical Corporation (United States), Johnson and Johnson (United States), Becton, Dickinson and Company (United States) and B. Braun Melsungen (Germany) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Crawford Needle, Tuohy Needle, Hustead Needle, Weiss Needle and Sprotte Spezial Needle) , by application (Hospitals and Clinics, Ambulatory Surgical Centres, Long Term Care Centres and Blood Banks) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Epidural Needle market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Epidural Needle market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Vygon SA (France), Ypsomed Holding AG (Switzerland), Novo Nordisk AS (Denmark), Boston Scientific Corporation (United States), Smith & Nephew plc (United Kingdom), Medtronic plc (Ireland), Terumo Medical Corporation (United States), Johnson and Johnson (United States), Becton, Dickinson and Company (United States) and B. Braun Melsungen (Germany).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations.
Epidural Needle Market Dynamics:
Attributes | Details |
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Growth Drivers | - High Demand for Numerous Applications in Biomedical Procedures
- Increasing Number of Hospitals and Clinics
- Robust Increase in the Distribution Channels
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Major Trends | - Increasing Number of Surgeries Worldwide
- Technological Advancements in the Medical Sciences
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Restraints | - Complications Associated with the Medical Procedures
- Fluctuations in the Raw Material Prices
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Road Blocks / Challenges | - Stringent Government Rules and Regulations
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Gaps & Opportunities | - Growing Healthcare industry Worldwide
- Rise in the Healthcare Infrastructure in Developing Regions
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Key highlights of the Global Epidural Needle market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Epidural Needle market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Epidural Needle market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Epidural Needle Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Epidural Needle market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Epidural Needle market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Epidural Needle Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.