Market Overview:
The global bone marrow aspiration needle market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of diseases such as cancer and autoimmune disorders, rising demand for minimally invasive procedures, and technological advancements in bone marrow aspiration needles. Based on type, the disposable bone marrow aspiration needle segment is expected to grow at a higher CAGR than the reusable segment during the forecast period. This can be attributed to factors such as growing preference for disposable medical devices over reusable devices and increasing awareness about hygiene among healthcare professionals. Based on application, human applications are expected to dominate the global bone marrow aspiration needle market during the forecast period. This can be attributed to factors such as rising incidence of cancer and other diseases that require diagnosis through bone marrow biopsy or aspiration procedures and growing adoption of minimally invasive procedures worldwide.
Product Definition:
A bone marrow aspiration needle is a long, thin needle that is used to extract bone marrow from the bones. This procedure is often used to diagnose and treat medical conditions.
Disposable:
The global disposable, it's usage and growth factor in Bone Marrow Aspiration Needle market is expected to witness significant growth over the forecast period. The key drivers attributing to its lucrative growth include increasing incidences of blood cancer and bone marrow aspiration procedures along with rising awareness about hospital acquired infections (HAIs).
Global Disposable, it's usage.
Reusable:
Reusable needles are used in bone marrow aspiration procedures. They are made of stainless steel and have a hollow needle inside the body which helps in drawing out the bone marrow. The process is done by using ultrasound guidance system to reach the target organ or area where stem cells can be found. These devices help doctors to aspirate (pierce) tissues and extract cellular material from bones, without causing any harm to nearby organs or tissues.
Application Insights:
The application segment includes human and veterinary bone marrow aspiration needles. In 2017, the human segment dominated the market with a share of over 90%. The growing use of BMA for treating various blood disorders such as myelodysplastic syndrome (MDS), acute lymphoblastic leukemia (ALL) and other cancers is one of the key factors contributing to its large share. Moreover, increasing awareness about MDS among patients, resulting in an increased number of bone marrow transplants is also expected to drive growth during the forecast period.
In 2017, Europe had a significant presence in terms of volume but low penetration rate compared to North America and Asia Pacific regions due to higher costs associated with healthcare treatment in these regions. However, this trend is expected to change during the forecast period due largely on increasing adoption rates across emerging economies such as China India etc., which are likely to witness rapid growth soon enough for Latin America and Middle East & Africa countries).
Regional Analysis:
North America dominated the global bone marrow aspiration needle market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing number of research collaborations are some major factors contributing to the growth of this regional market. In addition, rising prevalence of blood disorders such as leukemia is also expected to drive the North American regional demand for bone marrow aspiration needles during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to a rise in awareness regarding blood donation among people and an increase in medical tourism activities across countries such as India and China. Moreover, rapidly improving healthcare infrastructure coupled with government initiatives aimed at reducing disease burden will further propel industry expansion over next few years.
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is one of the major growth drivers for the bone marrow aspiration needle market. Bone marrow aspiration is used to diagnose and treat various types of cancers.
- Growing demand for minimally invasive procedures: The growing demand for minimally invasive procedures is another key growth driver for the bone marrow aspiration needle market. Minimally invasive procedures are less traumatic and result in shorter recovery times as compared to traditional surgical procedures.
- Technological advancements: The advent of new technologies has led to the development of novel bone marrow aspiration needles that are more efficient and cause less pain than traditional needles. This is likely to boost the adoption rate of these needles in the coming years.
- Rising prevalence of blood disorders: The rising prevalence of blood disorders such as anemia, leukemia, and lymphoma is also expected to drive demand for bone marrow aspiration needles in the near future. Bone marrow aspirates are used to diagnose and treat these conditions effectively .
Scope Of The Report
Report Attributes
Report Details
Report Title
Bone Marrow Aspiration Needle Market Research Report
By Type
Disposable, Reusable
By Application
Human, Veterinary
By Companies
Biopsybell, CareFusion, Argon Medical Devices, Medtronic, Tsunami Medical, STERYLAB, M.D.L., Egemen International, Biomedical, Depuy Synthes, Biopsybell, Zamar Biopsy, Tenko International Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Bone Marrow Aspiration Needle Market Report Segments:
The global Bone Marrow Aspiration Needle market is segmented on the basis of:
Types
Disposable, Reusable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Human, Veterinary
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Biopsybell
- CareFusion
- Argon Medical Devices
- Medtronic
- Tsunami Medical
- STERYLAB
- M.D.L.
- Egemen International
- Biomedical
- Depuy Synthes
- Biopsybell
- Zamar Biopsy
- Tenko International Group
Highlights of The Bone Marrow Aspiration Needle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Disposable
- Reusable
- By Application:
- Human
- Veterinary
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bone Marrow Aspiration Needle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A bone marrow aspiration needle is a medical device used to withdraw blood and fluid from the bone marrow.
Some of the key players operating in the bone marrow aspiration needle market are Biopsybell, CareFusion, Argon Medical Devices, Medtronic, Tsunami Medical, STERYLAB, M.D.L., Egemen International, Biomedical, Depuy Synthes, Biopsybell, Zamar Biopsy, Tenko International Group.
The bone marrow aspiration needle market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bone Marrow Aspiration Needle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bone Marrow Aspiration Needle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bone Marrow Aspiration Needle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bone Marrow Aspiration Needle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bone Marrow Aspiration Needle Market Size & Forecast, 2018-2028
4.5.1 Bone Marrow Aspiration Needle Market Size and Y-o-Y Growth
4.5.2 Bone Marrow Aspiration Needle Market Absolute $ Opportunity
Chapter 5 Global Bone Marrow Aspiration Needle Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bone Marrow Aspiration Needle Market Size Forecast by Type
5.2.1 Disposable
5.2.2 Reusable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bone Marrow Aspiration Needle Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bone Marrow Aspiration Needle Market Size Forecast by Applications
6.2.1 Human
6.2.2 Veterinary
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bone Marrow Aspiration Needle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bone Marrow Aspiration Needle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bone Marrow Aspiration Needle Analysis and Forecast
9.1 Introduction
9.2 North America Bone Marrow Aspiration Needle Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bone Marrow Aspiration Needle Market Size Forecast by Type
9.6.1 Disposable
9.6.2 Reusable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bone Marrow Aspiration Needle Market Size Forecast by Applications
9.10.1 Human
9.10.2 Veterinary
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bone Marrow Aspiration Needle Analysis and Forecast
10.1 Introduction
10.2 Europe Bone Marrow Aspiration Needle Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bone Marrow Aspiration Needle Market Size Forecast by Type
10.6.1 Disposable
10.6.2 Reusable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bone Marrow Aspiration Needle Market Size Forecast by Applications
10.10.1 Human
10.10.2 Veterinary
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bone Marrow Aspiration Needle Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bone Marrow Aspiration Needle Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bone Marrow Aspiration Needle Market Size Forecast by Type
11.6.1 Disposable
11.6.2 Reusable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bone Marrow Aspiration Needle Market Size Forecast by Applications
11.10.1 Human
11.10.2 Veterinary
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bone Marrow Aspiration Needle Analysis and Forecast
12.1 Introduction
12.2 Latin America Bone Marrow Aspiration Needle Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bone Marrow Aspiration Needle Market Size Forecast by Type
12.6.1 Disposable
12.6.2 Reusable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bone Marrow Aspiration Needle Market Size Forecast by Applications
12.10.1 Human
12.10.2 Veterinary
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bone Marrow Aspiration Needle Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bone Marrow Aspiration Needle Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bone Marrow Aspiration Needle Market Size Forecast by Type
13.6.1 Disposable
13.6.2 Reusable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bone Marrow Aspiration Needle Market Size Forecast by Applications
13.10.1 Human
13.10.2 Veterinary
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bone Marrow Aspiration Needle Market: Competitive Dashboard
14.2 Global Bone Marrow Aspiration Needle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Biopsybell
14.3.2 CareFusion
14.3.3 Argon Medical Devices
14.3.4 Medtronic
14.3.5 Tsunami Medical
14.3.6 STERYLAB
14.3.7 M.D.L.
14.3.8 Egemen International
14.3.9 Biomedical
14.3.10 Depuy Synthes
14.3.11 Biopsybell
14.3.12 Zamar Biopsy
14.3.13 Tenko International Group
