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Huber Needles Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-319 Category: Healthcare

Global Huber Needles Market Overview

Huber needles are hollow needles that have slant tip to make it easy to go throw skin. These needles are used in chemotherapy, drug delivery, transfusion and blood sampling through the implanted port septum which is surgically rooted into skin. A Huber needle is an alternative to other delivery systems used for infusion as they are used with patients that need repetitive vascular access and fluid therapy for long term and is specially designed to be used with implanted ports.

Market Size and Forecast

The global huber needles market is expected to grow at a CAGR of 6.2% over the forecast period i.e. 2017-2024. Further, huber needles market is anticipated to reach USD 60 million globally by 2024. The growth of huber needles market is propelled by the increase of deadly diseases such as cancer, chronic renal diseases and obesity across the globe and robust development of healthcare infrastructure. Moreover, these chronic diseases are creating a massive opportunity for companies operating in the global huber needles market.

huber Needles Market

Geographically, North America has been a leading huber needles market in terms of market demand and is anticipated to continue its dominance over the forecast period owing to a high diagnosis rate and increasing adoption of huber needles for long-term infusion therapies such as chemotherapy and dialysis. The prominent country witnessing the augmented demand for huber needles in North America is U.S. Furthermore North America is expected to be the most lucrative market in future, owing to presence of large manufacturing companies of huber needles market in this region. Europe is projected to hold a substantial share in the global huber needle market. The high growth in this region is attributed to the presence of a large number of manufacturing vendors and the availability of advanced healthcare infrastructure.

The market of the Asia-Pacific region is anticipated to grow at a CAGR of 8.5% over the forecast period. Significant increase in healthcare services spending along with rapid economic growth and increasing awareness about health issues are the dynamic factors behind the growth of huber needles market in this region.

Latin America is also expected to observe significant growth of huber needles market over the forecast period, owing to development of healthcare infrastructure.

Market Segmentation

Our in-depth analysis segmented the global huber needles market in the following segments:

By Product Type

  • Straight Huber Needles
  • Curved Huber Needles

By Application

  • Transfusion of Blood
  • Application for Cancer
  • Parental Nutrition
  • Others

By End User

  • Hospitals
  • Clinics
  • Ambulatory surgical centers
  • others

By Region

Global huber needles market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea &Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

The market of huber needles is growing on the back of the government regulations to minimize the needle stick injuries. Further, various reimbursement policies of the needles by the government are fostering the growth of huber needles market over the forecast period.  Moreover, rising disposable income and advancement in healthcare services in developed region is likely to foster the growth of this market. Apart from this, increasing deadly diseases such as cancer and others are likely to grow the market of huber needle market.

Although, high cost associated with the manufacturing of huber needle product is believed to dampen the growth of global huber needle market. Additionally, lack of technological advancement and contamination risks are anticipated to further restrain the growth of the global huber needle market.

Key players

The major key players for huber needles market are as follows

  • B. Braun Medical
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Smith Medical
  • Baxter International
  • NIPRO Medical Corporations
  • C.R. Bard
  • Thiebaud
  • AngioDynamics
  • Exel International
  • Vygon S.A.
  • Medsurg
  • Novo Nordsik

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global huber needles market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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