Huber Needles Market Report
Huber Needles Market, By 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, Others) and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Huber needles market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Huber Needles Market, By 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, Others) and Region...
Impact of COVID-19 on Huber Needles Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Huber Needles Market is estimated to grow from USD 42.2 million in 2020 to USD 61.3 million by 2026 at a healthy CAGR of 6.5% during the forecast period.
Huber needles are primarily used for repetitive access to veins for blood withdrawal and infusion of blood products, medication, and nutritional solutions in conjunction with a port implanted in a chronically ill patient's body. These needles are developed to pierce the port without dislodging it. These needles are specially used for blood withdrawal, medication and nutrition infusion, and imaging solution infusion.
Key players operating in the Huber needles market are-
The rise in several deadly ailments such as cancer, chronic renal diseases, and obesity across the globe is amongst the key factor augmenting the demand for Huber needles. Also, the stringent government regulations regarding the reduction in needlestick injuries and ensuring patient safety further boost the market growth. Also, the strong adoption of Huber needles in the treatment of HIV and hepatitis as well as the easy availability of advanced healthcare infrastructure further boosts the industry growth in the coming years.
Based on type, the market has been bifurcated into curved Huber needles and straight Huber needles. The curved Huber needles segment accounted for a substantial market share in 2020. A Curved Huber needle is designed to make treatment easier on the patient. These needles are more convenient than straight needles as they can be left in the place for a few days. It also prevents the need to stick many needles, which boosts the segment growth.
The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly attributed to the strong presence of well-developed healthcare infrastructure and favorable government initiatives. Moreover, rising innovations in technologically advanced products, immense per capita health expenditures, increasing numbers of chronic patients. Huber needles are finding growing usage in intravascular cancer treatments, which further proliferates regional growth.
The COVID-19 outbreak moderately affected the growth of the Huber needles market. Rising cases of coronavirus across the globe put a heavy strain on the healthcare sector. As cancer and dialysis patients possess less immunity and thus are more prone to coronavirus infection, thus boosting the demand for Huber needles amid the pandemic.
Here is the list of the group of customers that the huber needles market hopes to have the greatest opportunity to convert-
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The huber needles market is expected to witness an impressive growth of 6.5% CAGR in the coming years.
B. Braun Medical (Germany), Smith Medical (US), Baxter International (US), NIPRO Medical Corporations (Japan), C.R. Bard (US), Thiebaud (France), AngioDynamics (US), Exel International (US), Vygon S.A. (France), and Medsurg (US) are among the key players in the huber needles market.
The huber needles market size is expected to reach USD 61.3 million in the foreseeable future.
The curved huber needles segment accounted for a substantial share in the huber needles market in 2020.
North America is expected to remain dominant in the huber needles market in the next five years.
Huber Needles distributors, Huber Needles suppliers, Huber Needles manufacturers, Hospitals, Government bodies are the target audience in the huber needles market.