Global_Infusion_Therapy_Devices Market 2022-2028

Global_Infusion_Therapy_Devices Market 2022-2028

Infusion therapy technology is defined as a drug delivery technique in which medication is provided via needle or catheter. Infusion therapy is used, when medication cannot be provided to patient orally. Needles, Infusion pumps, I.V. sets, and docking stations are the most common infusion therapy devices used in medical applications. Infusion therapy devices are widely used in chemotherapy, diabetes, homecare etc. the global infusion therapy devices market is anticipated to grow with the CAGR of 6.2% during the period 2017-2022. Increasing application of infusion devices for reliving pain, increasing demand of ambulatory infusion pumps and increasing prevalence of the chronic diseases across the globe are estimated to augment the growth of the market. Moreover, increasing geriatric population and growing number of surgical procedure performed across the globe are also estimated to be one of the major factors that are driving the growth of the market.

However, reimbursement issues in the medical devices industry, along with it uncertain regulatory framework in the medical devices sectors are estimated to be the major constraints in the growth of the market. Besides these restraints, increasing adoption of the specialty infusion systems and improving healthcare infrastructure in the developing countries such as India, Brazil, and China are developing numerous expansion opportunities for the growth of the market.

The global infusion therapy devices market is analyzed on the basis of the products, applications and end-users. On the basis of the products, our market is segmented into infusion pumps, intravenous set, needleless connectors, consumables, accessories and arterial devices. Infusion pumps are estimated to account for major share in the global infusion therapy devices market owing to high demand of ambulatory infusion pumps and increasing demand of infusion pumps in developing economies. Furthermore, on the basis of the applications, our market is bifurcated into oncology/chemotherapy, diabetes, gastroenterology, analgesia/pain management, pediatrics/ neonatology, hematology and others. And on the basis of the end-users, market is segmented into hospitals, homecare, ambulatory surgery centers and others. Hospitals are estimated to be the leading end-users of the infusion therapy devices, whereas ambulatory surgery centers are the fastest growing segment during the forecast period.

Geography insights

The global infusion therapy devices is further bifurcated on the basis of the geographical regions that are contributing significantly towards the growth of the market. On the basis of the geography, our market is further bifurcated into North America, Asia Pacific, Europe and Rest of the World. North America is estimated to account for major share in the global infusion therapy devices market owing to increasing prevalence of the chronic diseases in the region and well established healthcare infrastructure in the region. Asia Pacific is estimated to be the fastest growing region in the market during the forecast period. Large population coupled with increasing geriatric population and increasing prevalence of the chronic diseases are estimated to augment the growth of the market in the region. Moreover, expansion of private hospitals to rural areas, rising awareness and accessibility of advanced healthcare facilities are also estimated to drive the growth of the market in the region.

Competitive insights

Key players of the global infusion therapy market are B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company, Caesarea Medical Electronics, Carefusion Corporation, Fresenius Kabi AG, ICU Medical Inc., Jhonson & Jhonson, JMS Co. Ltd., Kimberly-Clark Corporation, Medtronic Ltd., Moog Inc., Novartis, Pfizer Inc., Roche Diagnostics Corporation, Smiths Medical, Terumo Corporation and so on. Key strategies used by these players to sustain in the market are mergers, acquisitions, product launch and geographical expansion.

OMR Report covers

Comprehensive research methodology of global infusion therapy devices market.

This report also includes detailed and extensive market overview with Analyst insights & key market trends.

Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

Analysis of regional regulations and other government policies impacting the global infusion therapy devices market.

Insights about market determinants which are stimulating the global infusion therapy devices market.

Detailed and extensive market segments with regional distribution of forecasted revenues.

Extensive profiles and recent developments of market players.