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.
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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.
Global Infusion System Market – 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 SteadiSet infusion set on the market.
Global Infusion System 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.
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.
Global Infusion System 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.
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