June 15, 2020

Plexus Block Needles Market Key Players Poised to Garner Maximum Revenues by 2025

Peripheral nerve block is a technique of regional anesthesia, which is used as an alternative to general anesthesia during surgical procedures. The anesthetic is injected near a specific nerve or a bundle of nerves in order to block the sensation at the desired area where surgery is to be performed. Peripheral nerve blocks are used in cases where the surgical procedure is confined to a specific part of the body such as the arm or the leg and involves a considerably larger surface of the body for the local anesthesia to be administered. Traditionally, the peripheral nerve block technique of the regional anesthesia has been widely used by anesthetists. It has proved efficient over the years. Peripheral nerve blocks usually last longer than the local anesthesia and positioning of the plexus block needle is important in delivering the peripheral nerve block into the desired area of the body. Plexus block needles come in various sizes, shapes, and gauges so as to enable anesthetists to effectively and efficiently deliver the peripheral nerve block into the desired area of the patient’s body.

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Rising number of innovations in products offered by major market players in plexus block needles, increasing number of small and domestic players entering the global market with new and advanced product offerings, and surging demand for plexus block needles from developing countries led by low cost of products and procedures were some of the major factors driving the global plexus block needles market in 2016. Growing adoption of regional anesthesia techniques during surgical procedures and increasing number of surgical procedures being performed worldwide are certain factors expected to drive the global plexus block needles market from 2017 to 2025. However, lack of patient compliance with peripheral the nerve block technique for anesthesia is a major reason expected to restrain the global plexus block needles market during the forecast period.

The global plexus block needles market can be segmented based on type, end-user, and geography. Based on type, the plexus block needles market has been segmented into supraclavicular plexus block needles, lumbar plexus block needles, brachial plexus block needles, celiac plexus block needles, and others. The type of plexus block needle used in the peripheral nerve block technique during a regional anesthesia procedure depends on the area of the body to be anesthetized. Based on end-user, the global plexus block needles market has been segmented into hospitals, specialty clinics, ambulatory surgery centers, and others. Among end-users, the hospitals segment accounted for a major share of the global plexus block needles market in 2016. This is attributable to increase in the demand from hospitals, especially in emerging countries such as China, India, and Brazil; rising number of surgical procedures performed in hospitals; and low cost of peripheral nerve blocks compared to other regional anesthesia techniques.

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Based on geography, the global plexus block needles market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global plexus block needles market between 2017 and 2025, owing to increasing number of surgical procedures being performed in the region and uniform and adequate reimbursements for regional anesthesia techniques, which lead to increasing adoption of these techniques by health care providers and patients. However, the market in Asia Pacific is expected to register the maximum CAGR among all regions, owing to increasing adoption of the peripheral nerve block technique in the region due to low cost of the procedure.

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Some of the key players operating in the global plexus block needles market are Cook Medical, B. Braun Melsungen AG, SARSTEDT AG & Co, Vygon, BK Ultrasound, Teleflex, and Flexicare Medical.

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