The Global Drug Infusion System Market is presumed to demonstrate a healthy growth rate during the appraisal period (2018-2023) owing to the adoption of technologically advanced devices, asserts Market Research Future (MRFR). Drug infusion systems are referred to as medical devices which allow infusion of drugs such as chemotherapy drugs, antibiotics, painkillers, insulin, and others in a controlled manner. The market is likely to experience rapid growth due to the rising prevalence of chronic diseases.
November 07, 2018: NantHealth NH, a leader in breakthrough cancer research and solutions has recently announced a collaboration with GE Healthcare, B. Braun Australia, and iProcedures to demonstrate the exchange of data between devices and patient electronic medical records. The demonstration illustrates how clinicians can spend more time analyzing data and less time on documentation in near real-time to improve patient outcomes.
Global Drug Infusion System Market – Key Players
Some of the key players for the global Drug infusion system market are Medtronic, Arcomed AG, B. Braun Melsungen AG, Baxter, Becton Dickinson and Company, Debiotech S.A., Fresenius SE & Co. KGaA, Halyard Health, Inc, ICU Medical Inc, IRadimed Corporation, Insulet Corporation, Terumo Corporation, Smiths Group plc, Tandem Diabetes care, MOOG INC., and others.
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Global Drug Infusion System Market – Segmentation
The Global Drug Infusion System Market has been segmented on the basis of product type, application, mode of administration, end-user, and region.
By mode of product type, the global drug infusion system market has been segmented into disposable infusion system, elastomeric infusion system, peristaltic pump, syringe infusion system, Patient-Controlled Analgesia (PCA) pump, multi-channel pump, implantable infusion system, and insulin pump.
By mode of application, the global drug infusion system market has been segmented into diabetes, oncology/chemotherapy, nutrition, analgesia, pediatrics, hematology, and others.
By mode of administration, the global drug infusion system market has been segmented into subcutaneous, intravenous, epidural, arterial, and others.
By mode of end-users, the global drug infusion system market has been segmented into ambulatory surgical centers, hospitals, diagnostic centers, and others.
Global Drug Infusion System Market – Regional Analysis
The Americas dominated the Global Market for Drug Infusion System in 2017. This can be attributed due to the rising incidence of chronic diseases like cardiovascular disease, stroke, cancer, type 2 diabetes, obesity, and arthritis within the region provides favorable backgrounds for market growth. According to the American Heart Association (2018), 92.1 million Americans suffer from some form of the cardiovascular disease. Also, the presence of major market players such as Medtronic and Becton, Dickinson and Company within the region influences the market growth.
Europe (the UK, Belgium, France & Netherlands) is second in the market owing to increasing healthcare expenditure, and rising prevalence of chronic respiratory diseases is expected to influence the market in this region. According to Eurostat in 2014, 382 thousand deaths were due to chronic respiratory diseases in the European Union (EU). Thus, the rise in chronic respiratory diseases favors the growth of the market in this region.
Asia Pacific is expected to observe the fastest growth for the global Drug infusion system market owing to a growing geriatric population in this region. The Asian Development Bank (ADB) projected that in 2050 the geriatric population is expected to reach 923 million. This offers potential growth opportunities in this region.
The Middle East and Africa accounts for least share due to stringent government policies and poor economies.
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