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Biobanks Market Size by 2028 | Industry Segmentation by Type, Application, Regions, Key News and Top Companies Profiles

Growing inclination for minimally-invasive procedures is one of the significant factors influencing the market growth.

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 comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.

The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.

Key companies profiled in the report include:

Becton, Dickinson and Company, Smiths Medical, Medtronic, CooperSurgical, Integra Lifesciences, Cook Medical, Medline, Biopsybell, RI. MOS, Laboratoire CCD, among others.

Market Segmentation by Types:

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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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Amniocentesis Needle market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Rest of MEA

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.

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