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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 100
Countries covered: 18
Pages: 135
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Amniocentesis Needle Market
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Amniocentesis Needle Market Size
The global amniocentesis needle market size was valued at around USD 176.7 million in 2023 and is estimated to grow at 4.9% CAGR from 2024 to 2032. The usage of an amniocentesis needle permits the performance of amniocentesis, which is the process of taking amniotic fluid from the membrane that covers the developing fetus during pregnancy.
The increase in the prevalence of chronic disease such as diabetes, hypertension, autoimmune diseases, and some genetic disorders among pregnant women tends to positively benefit the demand and supply of amniocentesis needles. It has been found, as modern research shows, that over 14.7% global prevalence of gestational diabetes mellitus was found in 2022. Additionally, above the age of 35, women are likely to be advised to undergo amniocentesis tests to check the fetal chromosomes, therefore increasing the demand for amniocentesis needles to be used in clinics.
Moreover, the increase in the prevalence of congenital anomalies and the rising rates of amniocentesis procedures performed should also contribute positively to the revenue obtained in the market. The modification of design and technology as well as the use of the amniocentesis needles makes them more effective and safer. All these considerations together cause an increase in the amount of amniocentesis procedures performed in a bid to aid early detection and treatment of fetal health problems, leading to continuous growth of the market.
Amniocentesis Needle Market Trends
The amniocentesis needle is undergoing continuous advancement, incorporating technological changes aimed at accuracy, safety, and efficiency.
Amniocentesis Needle Market Analysis
Segmenting the market by product type reveals three categories: 100 to 150 mm, smaller than 100 mm, and larger than 150 mm. In 2023, the 100 to 150 mm segment led the market, generating a revenue of USD 92.2 million, and is projected to witness a robust CAGR during the forecast period.
Segmented by procedure, the amniocentesis needle market includes amniocentesis procedures, amnioreduction procedures, fetal blood transfusions, amnioinfusion procedures, and cordocentesis procedures. In 2023, the amniocentesis procedures segment commanded a notable 33.1% share of the market and is poised for robust growth.
Amniocentesis achieves this through chromosomal analysis and providing further insights into the fetus’s genetic profile, which provides the definitive diagnosis with less probabilities of uncertainties.
Segmented by end use, the amniocentesis needle market encompasses hospitals, diagnostic centers, clinics, and other users. In 2023, hospitals led the market with a commanding 50.7% share and are projected for notable expansion.
In 2023, the U.S. led the North American amniocentesis needle market, generating a revenue of USD 62.6 million.
The UK is set to see a robust expansion in its amniocentesis needle market from 2024 to 2032.
Japan's amniocentesis needle market is set for lucrative growth of 5% from 2024 to 2032.
Saudi Arabia's amniocentesis needle market is on the brink of substantial growth from 2024 to 2032.
Amniocentesis Needle Market Share
The market is characterized by high competition that stems from a mix of large multinational businesses and small to medium-sized companies vying for the market share. A key marketing strategy involves the consistent product launches focusing on innovative needle designs improved safety features, such as, adjustable depth stoppers and precision- guided technologies.
Industry leaders significantly wielding for continuous innovation due to massive resources devoted to R&D tend to dominate the industry. In addition, strategic approaches such as mergers and acquisitions, and joint ventures further solidified the company's position in the market. Moreover, the increasing emphasis on patient safety along with a preference for minimally invasive techniques using the premium materials continued to shape the market competitiveness.
Amniocentesis Needle Market Companies
Some of the eminent market participants operating in the amniocentesis needle industry include:
USPs of the company
Amniocentesis Needle Industry News:
The amniocentesis needle market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Product Type
Market, By Procedure
Market, By End Use
The above information is provided for the following regions and countries: