The technological advancements carried out by major players operating in the field along with the favorable reimbursement scenario are going to play a key role in driving the global implantable ports market to its remarkable growth. According to a new report published by Transparency Market Research, the global implantable ports market will record significant growth during 2017-2025 owing to the rise in prevalence of chronic diseases such as cancer, diabetes, etc.
The population of cancer survivors, according to the Cancer Treatment & Survivorship, is predicted to rise to 20.3 million by 2016. Therefore, it has been advised to use an implantable venous access port as a feasible catheter for long-term use of chemotherapy and fluid administration. Furthermore, the report has also discussed growth restraints for the global implantable ports market, which include negative effect of implantable ports such as blocked lines and blood clots coupled with the availability of alternative products. However, the major players operating in the market are pouring investments on R&D as to face these restraining factors to the market growth.
The TMR report has segmented the global implantable market based on product type, application, end-user, and geography. The market, on the basis of product type, is classified into single lumen implantable ports and dual lumen implantable ports. Furthermore, the market is categorized based on application into chemotherapy, antibiotics, blood transfusion, and intravenous infusion of blood products. Based on the end-user, the report has subdivided the market into clinic, hospitals, ambulatory surgery centers, and others.
To know more about each segment of the implantable ports market and the overall market outlook, click here.
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