The global Huber Needles market is expected to register a CAGR of 6.3% during the forecast 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 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.