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Huber Needles Market Size to Worth Over US$ 66.1 Million By 2027, Owing to Stringent Government Regulations Regarding Use of Safety Needles

December 16th, 2020 Coherent Market Insights Releases

Huber needles are available in two different types, namely straight Huber needles and curved Huber needles. Curved Huber needles have 90 degree angle, which are used in long term access; however, straight Huber needles are used for short access. These needles are used for different application such as dialysis, chemotherapy, blood transfusion, and others. Huber needles are effective alternatives to other infusion delivery systems.

Statistics:

The global Huber needles market is estimated to account for US$ 66.1 Mn in terms of value and 51,270,030 Units in terms of volume by the end of 2027.

Request for the trending sample of this report: https://www.coherentmarketinsights.com/insight/request-sample/3648

Global Huber Needles Market: Drivers

Stringent government regulations regarding use of safety needles to avoid hospital-acquired diseases such as HIV, Hepatitis C, and Hepatitis B are expected to propel growth of the global Huber needles market over the forecast period. For instance, the Needlestick Safety and Prevention Act was passed in the U.S. in 2000. The act focuses on providing nurses or medical staff with information related to additional protection while using needles, in order to reduce occupational exposure to blood borne pathogens.

Global Huber Needles Market: Restraints

Product recalls due to technical issues with Huber needles are expected to hinder growth of the global Huber needles market. Various medical grade materials are used to manufacture Huber needle and safety products. In the recent past, use of Huber needles was believed to lead possible risk of silicon contamination. Thus, companies had to recall their products in bulk in order to reduce further risk of contamination.

Key Takeaways:

The Curved Huber Needles segment in the global Huber needles market was valued at US$ 32.3 Mn in 2019 and is expected to reach US$ 53.4 Mn by 2027 at a CAGR of 6.5% during the forecast period. Increasing incidence and prevalence cancer is expected to boost growth of the segment during the forecast period.

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The IV Cancer Application segment held dominant position in the global Huber needles market in 2019, accounting for 41.7% share in terms of value, followed by dialysis, respectively. The growth of the segment is attributed to increasing demand for Huber needles and increasing adoption of expansion strategies from manufacturers operating in the market to increase product portfolio and geographical positioning.

Market Trends

Increasing prevalence of end-stage renal disease is expected to boost growth of the global Huber needles market. For instance, according to November 2019 data of National Center for Biotechnology Information, the prevalence of end-stage renal disease is rising at a stable number of about 20,000 cases per year.

Major players in the market are focused on adopting various marketing strategies to expand their customer base. For instance, in February 2020, Baxter International Inc. presented at the 9th Annual SVB Leerink Global Healthcare Conference in New York, N.Y.

Regulations

Europe

  • European Union (EU) mandates the design and quality assurance test in order to maintain the safety guideline
  • EU categorized Huber needle under Class III device, which requires EC verification and quality assurance for marketing and commercialization

Global Huber Needles Market: Competitive Landscape 

Major players operating in the global Huber Needles market include, Baxter International Inc., B. Braun Medical Inc., Smiths Medical, NIPRO Medical Corporation, AngioDynamics, Inc., and C. R. Bard, Inc.

Global Huber Needles Market: Key Developments  

Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in March 2018, Smiths Medical launched a new distribution model for non-hospital-based infusion customers that simplifies the way providers order, receive and deliver care with CADD infusion therapy products.

Read Press Release: https://www.coherentmarketinsights.com/press-release/huber-needles-market-2941

Segmentation

Scope of the report

  • Huber Needles Market, Product Type:
    • Curved Huber Needles
    • Straight Huber Needles
  • Huber Needles Market, By Application:
    • Dialysis
    • Blood Transfusions
    • IV Cancer Application
    • Lap-band Adjustments
    • Home Parenteral Nutrition
    • Others
  • Huber Needles Market, By End User:
    • Hospitals
    • Oncology Centers
    • Clinics
    • Ambulatory Surgical Centers
    • Home Care Settings
  • Huber Needles Market, By Region:
    • North America
      • Product Type:
        • Curved Huber Needles
        • Straight Huber Needles
      • By Application
        • Dialysis
        • Blood Transfusions
        • IV Cancer Application
        • Lap-band Adjustments
        • Home Parenteral Nutrition
        • Others
      • By End-User
        • Hospitals
        • Oncology Centers
        • Clinics
        • Ambulatory Surgical Centers
        • Home Care Settings
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • Product Type:
      • By Application
      • By End-User
        • Hospitals
        • Oncology Centers
        • Clinics
        • Ambulatory Surgical Centers
        • Home Care Settings
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Product Type:
      • By Application
      • By End-User
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Product Type:
      • By Application
      • By End-User
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Product Type:
      • By Application
      • By End-User
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Product Type:
      • By Application
      • By End-User
      • By Country:
        • South Africa
        • Central Africa
        • North Africa

Other Related Reports:

SAFETY NEEDLES MARKET ANALYSIS

SPECIAL PURPOSE NEEDLES MARKET ANALYSIS

PEN NEEDLES MARKET ANALYSIS

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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