CARBIDE TIPPED NEEDLE HOLDER MARKET ANALYSIS
Based on regions, the global carbide tipped needle holders market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the carbide tipped needle holder market, due to quick adoption of technologically advanced products and increased healthcare spending from government organizations for durable medical equipment and other non-durable medical products in the region. For instance, according to the U.S. Centers for Medicare & Medicaid Services, retail spending for the other non-durable medical products, such as medical instruments and surgical equipment grew by US$ 62.2 billion in 2016.
Moreover, Asia Pacific market is expected to show significant growth, due to rising trauma and injury cases in the region. For instance, according to the Indian Ministry of Road Transport & Highways transport research wing, revealed around 4,80,652 road accidents occurred in 2016, calming 1,50,785 lives and 4,94,624 injured people.
Geographies covered:
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