The latest market report published by Credence Research Inc. “Global Huber Needles Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Huber Needles Market generated revenue of around USD 45.2 billion in 2021 and is anticipated to grow a CAGR of over 4.5% during the forecast period from 2022 to 2028 to reach around USD 59 billion in 2028.
One key factor anticipated to accelerate the growth and demand for Huber needles is the rise in several serious diseases, such as cancer, chronic kidney disorders, and obesity worldwide. It is also anticipated that rigorous government rules intended to protect patient safety and reduce needle stick injuries will aid in expanding the global market. Additionally, the widespread use of Huber needles in the treatment of HIV and hepatitis, as well as the accessibility of cutting-edge healthcare infrastructure, are projected to support the market’s expansion. Furthermore, one of the key aspects anticipated to propel the growth of the Huber needles market is the increased prevalence of HIV and blood-borne illnesses.
The global Huber needles market is bifurcated into type, product, application, end-user and geography. Based on the product, the market is categorized into straight Huber, needles curved Huber needles. Based on application, the global Huber needle market is segmented into transfusion of blood, application for cancer, parental nutrition, and others. Based on end users, the global market is segmented into hospitals, clinics, ambulatory surgical centers, and others. The market is segmented based on geographies such as Europe, the Asia Pacific, North America, Latin America, the Middle East and Africa.
In 2021, the largest share was accounted for by North America, which was anticipated to maintain its dominance during the study period. The significant presence of a well-developed healthcare system and supportive government initiatives mostly account for this. Additionally, the market in this region is expanding due to increased technologically sophisticated product advancements, significant per-person health expenditures, and an increase in the number of chronic patients. It contains all of the required amino acids.
Huber needles are specialized medical devices that are used for various purposes, including administering medication, accessing veins for blood draws, and performing intravenous (IV) infusions. The market for Huber needles is driven by the increasing demand for minimally invasive medical procedures and the growing prevalence of chronic diseases that require long-term treatment.
Huber needles are used in the medical industry for the administration of intravenous (IV) fluids and medications. There are several factors that can drive demand for Huber needles in the market:
Increasing prevalence of chronic diseases: Chronic diseases such as diabetes, cancer, and cardiovascular diseases often require long-term treatment with medications that are administered intravenously. This can drive demand for Huber needles.
Aging population: As the population ages, the prevalence of chronic diseases tends to increase. This can drive demand for Huber needles as older individuals may require more frequent medical procedures involving IV therapies.
Rising healthcare expenditure: As healthcare expenditure increases, more patients may have access to advanced medical treatments that require the use of Huber needles.
Why Buy This Report-
- The report provides a qualitative and quantitative analysis of the global Huber needles market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
- The report contains production related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
- In-depth analysis of the global Huber needles market segmentation based on type, product, application and end user.
- Major countries in each region with their import/export statistics
- The global Huber needles market report also includes analyzing the global, regional, and country levels, along with key market trends, significant players analysis, market growth strategies, and key application areas.
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