INFUSION SYSTEM MARKET IS EXPECTED TO REGISTER A CAGR OF 4.9% DURING THE FORECAST PERIOD (2017-2025)
Infusion System Market Share, Growth And Trends Analysis By Product Type (Iv Disposable, Infusion Pump, Others); By Application (Chemotherapy, Diabetes, Gastrointestinal Diseases, Pediatrics, And Others); By End User (Hospitals, Specialty Oncology Wards, Homecare) - Forecast To 2027
Infusion System Market Highlights
The global infusion
system market is estimated to expand at 4.9 % CAGR during the
forecast period (2017-2025) owing to the rising use of infusion pumps for drug
delivery, asserts Market Research Future (MRFR). 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.
Future Drivers and Constraints
Impacting the Market Growth
Infusion pump controls the flow
of the fluid while delivering it into the patient’s body and are capable of
delivering in small or large amounts at different flow rates. Infusion systems
are used to deliver nutritional fluids like salts, minerals, saline solution,
and medicinal fluids like antibiotics, insulin, chemotherapy drugs, other
hormones, and pain relievers. Growing use of infusion pumps for drug delivery
and other fluids, huge demand for infusion systems in military medical units,
prevalence of fatal and chronic diseases, and technological advancements from
several major market players have stimulated the market growth over the
assessment period.
On the flip side, improper
infusion and patient safety concerns resulting in severe consequences along
with unmet medical requirements in the low-income regions are predicted to
inhibit the market growth over the review period. Since the procedure involves
direct contact with body fluids and blood, there are high chances of infection.
Moreover, due to the lack of proper safety precautions and use of used and
non-sterilized needles and other disposables, there are high chances of
infection. This is predicted to inhibit the market growth over the assessment
period.
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Global Infusion System Market:
Segmental Analysis
The global infusion system
market has been segmented on the basis of 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.
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.
Regional Insights
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.
Industry News
Capillary Biomedical is looking
to develop a safer, accurate, and more reliable insulin infusion device. The
Irvine, CA-based company has closed on $2.9 million in a seed financing to help
get its Steadi Set infusion set on the market.
Competitive Analysis
Some of the major players
operating the market growth are Dickinson and Company, 3M, Terumo Medical
Corporation, B. BRAUN MELSUNGEN AG, Fresenius Kabi AG, ICU Medical Inc, Becton,
Baxter, Smiths Medical, and others.
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