Global Hubber Needles Market is expected to grow at a CARG of 6.3% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Hubber Needles Market By Product Type (Curved Huber Needles, Straight Huber Needles), Application (Parental Nutrition, Transfusion Of Blood, Application Of Cancer, Others), End-User, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, And Forecast 2020 To 2027.
The global Hubber Needles market is expected to grow from USD 40 million in 2019 to USD 60 million by 2027, at a CARG of 6.3% during the forecast period 2020-2027.
North American region is leading the market of Huber needles in terms of market demand and is expected to continue its dominance over the forecast years due to the increasing adoption of Huber needles and high diagnosis rate. The U.S. is the prominent country in the North American region to witness the increased demand for Huber needles. Europe is expected to have a substantial share in the global market of Huber needles owing to the presence of large number of manufacturing vendors and availability of advanced healthcare infrastructure.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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The major players of the market are Baxter International Inc., C.R. Bard Inc., NIPRO Medical Corporation, Smiths Medical Inc., Angio Dynamics Inc., B. Braun Medical Inc., Exel International Inc., Vygon S.A., and Thiebaud S.A.S.
Baxter International Inc launches peri-stris dry with secure grip technology for consistent staple line reinforcement in surgical procedures.
The product type segment includes curved Huber needles and straight Huber needles. Curve needles are said to have the highest market growth. These are utilized to deliver medication, certain chemotherapy and parental nutrition. The application segment includes parental nutrition, transfusion of blood, application of cancer and others. Transfusion of blood segment is dominant in the market. The end-user segment includes clinics, hospitals, ambulatory surgical centres and others. The hospitals have the largest share.
The Huber needles market is growing owing to strict government rules and regulations concerning the use of safety needles o avoid hospital-acquired diseases like Hepatitis B, HIV and Hepatitis C are predicted to propel growth of the global market of Huber needles. Additionally, increase in chemotherapy treatment for cancer drives the growth of the Huber needle market.
Whereas, high cost of products and lack of product innovation are predicted to restrict the growth in the coming future. Also, risk of contamination is most likely to hinder the growth.
About the report:
The global Hubber Needles market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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