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Market Research Report

Global Huber Needles Market Size By Product Type (Straight & Curved Huber Needles), By Application (Trasfusion of Blood, Parental Nutrition, & Others), By End-User (Hospitals, Clinics & Others), By Geography - Industry Outlook & Analysis WIth Forecast 2016-2024

Published On : 2018-03-21 Report Page : 310 Category: Healthcare

Global Huber Needles Market 

Market Overview

The meteoric rise of ailments like cancer, chronic renal diseases, and obesity are creating a massive opportunity for companies operating in the global huber needles market, in addition, government regulations to ensure patient safety and to minimize needle stick injuries are expected to drive the growth of the global huber needles market during the forecast period as according to WHO reports in the World Health Report 2002, that of the 35 million health-care workers, 2 million experience percutaneous exposure to infectious diseases each year. It further notes that 37.6% of Hepatitis B, 39% of Hepatitis C and 4.4% of HIV/AIDS in Health-Care Workers around the world are due to needlestick injuries. Major huber needle companies like 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 are adopting distribution agreement as a key strategy to expand their global presence.

Goldstein Research analyst forecast the huber needles market size is set to reach USD 50 million by 2024, at a CAGR of 7.1% over the forecast years. Increasing purchasing power among people and rising government initiatives for the use of safety needles are expected to drive the growth of the global huber needles market.

Covered In This Huber Needles Market Report                

The report covers the present ground scenario and the future growth prospects of the huber needles market for 2016-2024 along with the data of production and shipments of Huber Needles market worldwide. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. The Huber Needles Market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Global Huber Needles Market Segmentation

By Product Type

  • Straight Huber Needles
  • Curved Huber Needles

By Application

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

By End Users

  • Hospitals
  • Clinics
  • Ambulatory surgical centers
  • Others

Based on Geography

  • North America (U.S. & Canada) Huber Needles Market {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Huber Needles Market {Market Share (%), Market Size (USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Huber Needles Market {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Huber Needles Market {Market Share (%), Market Size (USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Huber Needles Market {Market Share (%), Market Size (USD Billion)}

Based on application, intravenous cancer application of huber needle dominated the market with the market share of over 30% in 2016 while blood transfusions application segment is expected to be one of the fastest growing segments in the global huber needles market with a CAGR of 7.5% during the forecast period. On the basis of product type, curved huber needles are the dominant segment owing to the wide usage in drug infusion, blood transfusion, and dialysis.

Huber Needles Industry: Trends, Share, & Challenges

Global Huber Needles Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Huber Needles Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Huber Needles Market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global Huber Needles Market report comprises of the following companies as the key players: B. Braun Medical, Smith Medical, Baxter International, NIPRO Medical Corporations, C.R. Bard, Thiebaud, AngioDynamics, Exel International, Vygon S.A., Medsurg, Novo Nordsik, Medtronic, Hamilton Syringes & Needles, Terumo Corporation, Nipro Medical, BD Medical, Boston Scientific and Hi-Tech Medicare Devices.

According to our global market study on the basis of extensive primary and secondary research: “One trend is the advent of safety huber needles which are the clear choice for implantable port access, integrating the design features of two safety devices in a single huber needle - protecting clinicians from both needlestick injuries, and expelled blood and fluid, in addition to provide the flexibility of use including power injection of contrast media. For example, C.R. Bard SafeStep huber needle set with rotating needle head for maneuvering and positioning and small stable design ideal for patient comfort and easy to dress.”

According to the report, major driving factor is the increasing intensity of the diseases like cancer, chronic renal diseases and obesity across the globe. These huber needles are used in chemotherapy, drug delivery, transfusion and blood sampling where patients need repetitive vascular access and fluid therapy for long term.

Further, the report states the biggest challenge is the small gauge of the needle which causes the blood cell to be damaged and platelets clumping and leading to the risk of hemolysis. Collecting sample in large quantity is difficult by this method as well.

Based on geography, North America accounted for the largest market share i.e. 32% in 2016 followed by Europe owing to increasing number of patient base and rising prevalence of chronic diseases. APAC is the fastest growing market and tends to grow at a CAGR of 8% over the forecast years owing to significant increase in healthcare services spending along with rapid economic growth and increasing awareness about health issues. Large economies like China, Japan, Germany, India, UK, Russia, Canada are the opportunistic market due to the increasing prevalence of chronic issues and evolving healthcare infrastructure in terms of reimbursement policies and medical insurance coverage awareness.  

 The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Huber Needles Market Report

  • What is the total market size by 2024 and what would be the expected growth rate of market?
  • What is the revenue of total market in 2015-16 and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Huber Needles Market Size By Product Type (Straight & Curved Huber Needles), By Application (Trasfusion of Blood, Parental Nutrition, & Others), By End-User (Hospitals, Clinics & Others), By Geography - Industry Outlook & Analysis  WIth Forecast 2016-2024

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

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