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The steady growth of the Global Infusion System Market has been explored in a research report published by Market Research Future (MRFR) that estimates expansion for this market with 5% CAGR between 2017 and 2023. In terms of cash, the market is likely to rise to the US $ 9.7 bn during the forecast period.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-
Infusion System Market - Key Players
Some of the key players in this market are:
3M
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
Infusion System Market has been segmented on the basis of product type which comprises of IV disposable, Infusion pump, and others. IV disposable accounted for the largest market share of the total market in 2016. On the basis of application, market is segmented into Chemotherapy, diabetes, gastrointestinal diseases, pediatrics, and others. Chemotherapy segment accounted for the largest market share of the total market in 2016. On the basis of end user, market is segmented into hospitals, specialty oncology wards, homecare, and others. Hospitals dominated the global market with the largest market share in 2016.
Globally the Infusion System Market is expected to grow at the rate of about 4.9% from 2017 to 2025. The various factors that influence the growth of the market are increased use of infusion pumps for the delivery of drugs and other fluids, rising prevalence of chronic and fatal diseases, high demand of the infusion systems in the military medical units, technological advancements from the leading market players.
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.
Infusion System Market - Regional Analysis
Depending on geographic region, infusion system market is segmented into four key regions: North America, Europe, Asia Pacific, and Middle East & Africa. Globally North America is the largest market for infusion system. The North America market for infusion system is expected to reach at USD 15.79 billion by the end of the forecasted period. Europe is the second-largest market for infusion system which is expected to grow at a CAGR of 5.1%. Asia pacific region is expected to be fastest growing region in infusion system market. Middle East & Africa region is projected to have a limited but steady growth.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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