Huber Needles Market Life Sciences & Transformational Health | Page 2

R e s e a r c h

Report Media Releases
Global Huber Needles Market to Reach US$ 55.0 Mn by
2024 Owing To Increasing Adoption of Huber Needles for
Long-term Treatments
Persistence Market Research delivers key insights on the global Huber Needles market in a new
report titled “Huber Needles Market: Global Industry Analysis and Forecast, 2016–2024”. The
global Huber Needles market is expected to register a CAGR of 6.3% during the forecast

M a r k e t

period 2016–2024 and is expected to expand 1.6x times in terms of revenue by 2024. The report
analyzes the global Huber Needles market performance and provides information on key drivers
and trends likely to impact the market during the forecast period.
The growth of the global Huber Needles market is mainly driven by an increasing prevalence of
chronic diseases such as cancer, renal diseases, and other blood-related diseases; and a
growing awareness among the patient population. Increasing purchasing power among people
and rising government initiatives for the use of safety needles are other factors expected to drive
the growth of the global Huber Needles market. The need for effective management of chronic
diseases that are associated with long-term medication and drug infusion is likely to further boost

P e r s i s t e n c e

the demand for Huber Needles worldwide. Also, a growing popularity of safety Huber Needles
owing to their inherent advantages and convenience is expected to boost revenue growth of the
global Huber Needles market in the coming years. A rising expenditure on research and
development activities and the introduction of novel products is further expected to fuel the
growth of the global Huber Needles market over the forecast period.
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However, lack of product innovation, high cost of Huber Needles as compared to conventional
needles, and risk of contamination might hinder market growth during the forecast period. The
global Huber Needles market presents several growth opportunities for market players. Effective
reimbursement policies and reduction in costs is likely to increase the adoption of Huber Needles
across the globe.
The global Huber Needles market is segmented on the basis of Product Type (Curved Huber
Needles, Straight Huber Needles); Application Type (Dialysis, Blood Transfusions, IV Cancer

Global Huber Needles Market 2016-2024