The global huber needles market is segmented into product type such as straight huber needles and curved huber needles. Among these segments, curved huber needles occupied the biggest segment in 2016 and it is expected to garner at a notable CAGR of 6.5% during the forecast period. Further, the growth of this segment is attributed to increasing number of population affected with chronic diseases. Moreover, favorable government initiates and funding to improve the healthcare infrastructure is also believed to foster the growth of huber needles market.
Global huber needles market is anticipated to account for a notable CAGR of 6.2% over the forecast period i.e. 2017-2024. Moreover, the global huber needles market is projected to reach at exponential revenue of USD 60 Million by the end of 2024. The market is expected to expand on the back of increasing prevalence of chronic diseases such as cancer and others.
Further, with 40.7% in 2016, application for cancer segment by application is projected to dominate the overall market of huber needles. In addition to this, growing number of chemotherapy patients is expected to fuel the demand for huber needles by the end of 2024. In terms of regional platform, North America region grabbed the biggest market of huber needles in 2016 aided by U.S. Moreover, substantial rise in the number of death due to chronic disease in this region is projected to flourish the growth huber needles market.
Supportive Government Initiatives
Increasing government spending to develop the healthcare infrastructure on the back of positive GDP figure is believed to be the dynamic factor behind the rapid growth of huber needles market. Furthermore, rapid urbanization along with numerous reimbursement policies of the needles by the government is also predicted to intensify the growth of huber needles market.
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Rising demand for safer needles
Rising number of deadly disease such as renal diseases, cancer and other blood related diseases are supplementing the demand for huber needles. Additionally, growing popularity of huber needles due to its safety and rising adoption of huber needles owing to minimize needle stick injuries are believed to bolster the market of huber needles by the end of 2024.
On the contrary, high cost associated with huber needles and lack of awareness related with huber needles are expected to hamper the growth of huber needles market.
The report titled “Huber Needles Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global huber needles market in terms of market segmentation by product type, by application, By end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global huber needles market which includes company profiling of B. Braun Medical, Smith Medical, Baxter International, NIPRO Medical Corporations, C.R. Bard, Thiebaud, AngioDynamics, Exel International, Vygon S.A., Medsurg and Novo Nordsik. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global huber needles market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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