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.
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-income countries.
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.
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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
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.
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.
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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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