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Global Market Study on Huber Needles: Asia
Pacific to Register a Robust CAGR of 8.1%
between 2016 and 2024
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Report Media Releases
Global Huber Needles Market to Reach US$ 55.0 Mn by
2024 Owing To Increasing Adoption of Huber Needles for
Long-term Treatments
Persistence Market Research delivers key insights on the global Huber Needles market in a new
report titled “Huber Needles Market: Global Industry Analysis and Forecast, 2016–2024”. The
global Huber Needles market is expected to register a CAGR of 6.3% during the forecast
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period 2016–2024 and is expected to expand 1.6x times in terms of revenue by 2024. The report
analyzes the global Huber Needles market performance and provides information on key drivers
and trends likely to impact the market during the forecast period.
The growth of the global Huber Needles market is mainly driven by an increasing prevalence of
chronic diseases such as cancer, renal diseases, and other blood-related diseases; and a
growing awareness among the patient population. Increasing purchasing power among people
and rising government initiatives for the use of safety needles are other factors expected to drive
the growth of the global Huber Needles market. The need for effective management of chronic
diseases that are associated with long-term medication and drug infusion is likely to further boost
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the demand for Huber Needles worldwide. Also, a growing popularity of safety Huber Needles
owing to their inherent advantages and convenience is expected to boost revenue growth of the
global Huber Needles market in the coming years. A rising expenditure on research and
development activities and the introduction of novel products is further expected to fuel the
growth of the global Huber Needles market over the forecast period.
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However, lack of product innovation, high cost of Huber Needles as compared to conventional
needles, and risk of contamination might hinder market growth during the forecast period. The
global Huber Needles market presents several growth opportunities for market players. Effective
reimbursement policies and reduction in costs is likely to increase the adoption of Huber Needles
across the globe.
The global Huber Needles market is segmented on the basis of Product Type (Curved Huber
Needles, Straight Huber Needles); Application Type (Dialysis, Blood Transfusions, IV Cancer
Global Huber Needles Market 2016-2024
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Application, Lap-band Adjustments, Home Parenteral Nutrition, Others); End User (Hospitals,
Oncology Centers, Clinics, Ambulatory Surgical Centers, Home Care Settings); and Region
(North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa). The Curved
product type segment is projected to register a CAGR of 6.3% over the forecast period. Curved
Huber Needles are widely used in drug infusion, blood transfusion, and dialysis. The IV Cancer
Application segment dominated the global Huber Needles market in 2015 and is expected to do
so throughout the forecast period. The Blood Transfusions application segment is expected to be
one of the fastest growing segments in the global Huber Needles market with a CAGR of 6.2%
during the forecast period. The Hospitals end user segment is likely to lead the global Huber
Needles market in terms of revenue growth and is estimated to be valued at US$ 21.3 Mn by the
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end of 2024. In terms of value, the Oncology Clinics end user segment is estimated to account
for 26.0% share of the overall global Huber Needles market by the end of 2016.
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Among regions, North America is expected to emerge as the dominant market for Huber
Needles owing to a high diagnosis rate and increasing adoption of Huber Needles for long-term
drug infusion therapies such as chemotherapy and dialysis. The market in the Asia Pacific region
is expected to register the highest CAGR of 8.1% over the forecast period. Significant increase in
healthcare services spending along with rapid economic growth and increasing awareness about
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health issues are some of the key factors likely to push the sales of Huber Needles in the Asia
Pacific region.
The global Huber Needles market report includes detailed company profiles with companyspecific long-term and short-term strategies, key offerings, and recent developments in the
global Huber Needles market. Some of the leading companies profiled in the report are Baxter
International Inc., C. R. Bard, NIPRO Medical Corporation, B. Braun Medical Inc., Smiths
Medical, Exel International, Inc., Vygon S.A., AngioDynamics, Inc., and Thiebaud S.A.S. Few of
these companies are adopting distribution agreement as a key strategy to expand their global
presence.
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Global Huber Needles Market 2016-2024
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Global Huber Needles Market 2016-2024