The global port needles market is expected to reach USD 62.6 Million by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the increasing application of implantable ports.
Cancer has a significant impact on the society in the U.S. and across the globe. It has been estimated that 1,735,350 new cancer cases were diagnosed in the U.S., and 609,640 people suffered death from the disease. The number of further incidences of cancer is 439.2 per 100,000 men and women annually, and the number of cancer-related morbidity is 163.5 per 100,000 men and women annually. Moreover, it has been estimated that in 2017, 15,270 children and adolescents in the age range of 0-19 years were diagnosed with cancer, out of which 1,790 suffered death owing to the disease. In the year 2017, an estimated USD 147.30 billion was spent on cancer care in the U.S. The growing prevalence of cancer would lead to increasing demand for chemotherapy, thereby boosting the market demand.
The rising occurrence of obesity is projected to fuel the demand for port needles in the upcoming years. According to the World Health Organization in 2016, over 650 million adults (13% of the adult population across the globe) who are 18 years or older were obese. A majority of the global population lives in countries where more people die owing to overweight and obesity as compared to underweight people. In the same year, 41 million children below the age of 5 were obese/overweight, and more than 340 million children and individuals aged five years to 19 years were obese/overweight in 2016.
In-depth Study of the Competitive Landscape:
The global Port Needles market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.
Top companies profiled in the report include:
Medtronic, Becton, Dickinson, and Company, Smiths Medical, Novo Nordisk, B. Braun Melsungen AG, Hamilton Syringes and Needles, NIPRO Medical, Boston Scientific, Terumo Corporation, and Hi-Tech Medicare Devices, among others.
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Product Type Outlook (Revenue, USD Million; 2016-2027)
- Winged Port Needles
- Angled Port Needles
- Straight Port Needles
Application Outlook (Revenue, USD Million; 2016-2027)
- Blood Transfusions
- Cancer Treatment
- Parental Nutrition
- Other
End-Users Outlook (Revenue, USD Million; 2016-2027)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Frequently asked questions addressed in the report:
- What is the revenue growth rate of the global Port Needles market over the forecast period?
- What are the major factors driving the growth of the Global Port Needles Market?
- What are the key challenges impacting the global Port Needles market growth?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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