Infusion Systems are medical instruments used to administer drugs and distribute fluids n form of solution to the patient’s circulatory system in a systematic and controlled manner. Advanced infusion system is a class of drug delivery devices that have found acceptance across several areas. The key factors that influence the growth of Global Infusion System Market include high demand of the infusion systems in the military medical units, increased use of infusion pumps for the delivery of drugs and other fluids, rising prevalence of chronic and fatal diseases, and technological advancements from the leading market players. However, some factors that can obstruct the growth of this market include patient safety concerns, the risk of improper infusion leading to the severe consequences, and unmet medical needs in the low-income countries.
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For sure, the prevalence of chronic diseases across the world is going to trigger a positive response from the healthcare sector that would assist the infusion system market in growth during the forecast period. Advanced technologies are going to play a pivotal role as well and make way for a smoother growth. Military medical services sector can also generate substantial revenue for the global market in the coming years. On the flip side, the infusion system market growth can slow down, if the threats regarding improper infusion rise its head. That can particularly happen in countries with low income and poor healthcare facilities.
Infusion System Market – Key Players
Some of the key players in this market are:
- B. BRAUN MELSUNGEN AG
- Becton, Dickinson and Company
- Fresenius Kabi AG
- ICU Medical, Inc.
- Smith’s Medical
- Terumo Medical Corporation
Infusion System Market – Segmentation
The Global Infusion System Market has been segmented based on product type, application, end-user, and region.
By mode of product type, the global infusion system market has been segmented into infusion pump, IV disposal, and others. Among these, the IV disposal segment accounts for the largest market share.
By mode of application, the global infusion system market has been segmented into diabetes, gastrointestinal diseases, chemotherapy, pediatrics, and others. Among these, the segment for chemotherapy accounts for the largest market share.
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By mode of end-users, the global infusion system market has been segmented into specialty oncology wards, hospitals, homecare, and others. Among these, the hospital segment dominates the global market.
Infusion System Market – Regional Analysis
Geographically, the Infusion System Market spans across North America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, North America is estimated to hold the largest market share and is expected to maintain its dominance over the review period owing to the continuous rise in advanced technologies in this region. While Europe holds the second position in the market, Asia Pacific is predicted to be the fastest growing market due to growing economies and huge opportunities in this region. The rapid growth in this region is mainly due to the developments in the healthcare sector along with disposable income per individual and improving economies.
The Middle East and African region account for the least market share owing to extremely low income and less economic development in this region.
Infusion System Market – Key Finding
- The Infusion System Market is expected to reach $44.33 Billion by 2025.
- IV disposable holds the largest share of 66.7% of the market.
- North America holds the largest market share of Infusion System market and is anticipated to reach $15.79 billion by the end of forecast period.
- Globally, Asia-Pacific is the fastest growing region and expected to grow at the rate of 5.3% during the forecast period.
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