Growing inclination for minimally-invasive procedures is one of the significant factors influencing the market growth.
Market Size – USD 173.1 Million in 2019, Market Growth - CAGR of 2.5%, Market Trends – Rise in pregnancy rates
The global amniocentesis needle market is expected to reach USD 211.7 Million by 2027, according to a new report by Reports and Data. Amniocentesis needle is used for insertion into the amniotic sac in the abdomen of a pregnant woman to extract a small amount of the amniotic fluid for the purpose of diagnosis. The amniotic fluid consists of cells that possess genetic information about the fetus. Amniocentesis procedure is beneficial in establishing a provisional diagnosis of the presence of a disorder or abnormality detected in other tests. Besides, the procedure also confirms that a fetus is not at the risk of suspected defect, thereby aiding in the planning of further pregnancy or other suitable alternatives.
The growing burden of congenital anomalies is an important factor in fuelling the market growth. Congenital anomalies/disorders are a major reason for premature death, birth asphyxia, pregnancy loss, and long-lasting disability contribute significantly to morbidity and mortality in newborn babies. It has been estimated that 7.9 million babies are born with significant congenital disorders. Congenital cardiovascular disorder is a swiftly evolving issue in child health around the world and requires interventions to increase survival and life-quality. Over 90.0% of congenital disorders take place in low and middle-income countries.
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The report provides a complete analysis of the global Amniocentesis Needle market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.
The key companies profiled in the market are:
Becton, Dickinson and Company, Smiths Medical, Medtronic, CooperSurgical, Integra Lifesciences, Cook Medical, Medline, Biopsybell, RI. MOS, Laboratoire CCD
Further key findings from the report suggest
- By needle size, a 100-150 mm needle contributed to the largest market share in 2019 attributed to the growing necessity for the removal of excess of amniotic fluid and the widespread use of these kinds of needles owing to their suitable length and appropriateness of usage in several patients.
- By procedure, amnioinfusion is likely to grow at a significant rate in the forecast period, owing to the offering of advantages such as diluting the thick meconium clumps by the instilled fluid and likely deterrence of cord compression. Nevertheless, amnioinfusion is not considered advantageous in meconium-related neonatal illness.
- By application, diagnostic centers are projected to grow at the fastest rate of xx% in the forecast period. A diagnostic center offers extensive expertise, as well as experienced staff in performing the amniocentesis diagnosis, which is used for detecting substantial issues related to chromosome, including Down syndrome, along with missing bits of chromosomes.
- North America dominated the market in 2019 and is likely to grow at a rate of 2.0% in the forecast period. The market dominance of the region is owing to the high disposable income, high level of awareness about the procedure, and well-established healthcare facilities.
- In October 2019, Medtronic PLC made an announcement about the building of an Innovation Center in Chengdu (China). The innovation center is set to commence in 2020 and offer a platform for foremost, cross-disciplinary medical research and training for medical workers in the region.
For the purpose of this report, Reports and Data have segmented the global amniocentesis needle market on the basis of needle size, procedure, end-user, and region:
Needle Size Outlook (Revenue, USD Million; 2017-2027)
- Smaller than 100 mm
- 100 – 150 mm
- Larger than 150 mm
Procedure Outlook (Revenue, USD Million; 2017-2027)
- Amniocentesis
- Amnioreduction
- Fetal Blood Transfusion
- Amnioinfusion
- Others
End-User Outlook (Revenue, USD Million; 2017-2027)
- Hospitals
- Diagnostic Centers
- Clinics
- Others
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The report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region. The Amniocentesis Needle market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East Africa.
In-depth regional analysis covers:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- Rest of MEA
The report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period. The report also provides an insight into the growth in revenue along with CAGR throughout the forecast period. It also provides insights into lucrative opportunities to enable the businesses to capitalize on the emerging trends of the market.
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Amniocentesis Needle market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Amniocentesis Needle market size
2.2 Latest Amniocentesis Needle market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Amniocentesis Needle market key players
3.2 Global Amniocentesis Needle size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Amniocentesis Needle market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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