Infusion System Market – Insights
The Infusion System Market is pacing ahead with its increasing application in the military medical unit. Infusion systems are mostly used in infusing drugs, fluids, or nutrients into the circulatory system of a patient. Mostly done intravenously, but subcutaneous, arterial, and epidural are also common practices. The Infusion System Market can achieve 4.9% CAGR during the forecast period (2017-2025) and reach a substantial market worth by the end of 2025.
Market Research Future (MRFR) recently published a report on the said market where they covered the segmental aspect of the market, along with putting some light on the drivers that can have a significant impact on the market in the coming years. At the same time, it included competitors’ profiles and latest updates to provide a holistic view of the entire market.
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.
Infusion System Market - Key Players
Some of the key players in this market are:
• 3M
• B. BRAUN MELSUNGEN AG
• Baxter
• Becton, Dickinson and Company
• Fresenius Kabi AG
• ICU Medical, Inc.
• Smith’s Medical
• Terumo Medical Corporation
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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.
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 - Key Finding
• The Infusion System Global 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.
Latest Industry News:
Aiming to reinvent the infusion process, Eli Probst and Todd Metlen have teamed up to design and develop the Infuzi Brio, the world's first ultrasonic infuser. The Infuzi Brio uses ultrasonic technology to infuse the flavor of fruit, herbs, nuts, and spices into liquor in a matter of hours, instead of days or weeks. 14 SEP 2018
Amgen has announced that the Japanese Ministry of Health, Labour and Welfare has granted marketing approval for BLINCYTO® (blinatumomab) for the treatment of relapsed or refractory B-cell acute lymphoblastic leukemia (ALL). The dosage of BLINCYTO via infusion treats ALL. 25 SEP 2018.
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.
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.
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