Infusion System Market Dynamics, Key Company Profiles and Forecast to 2023
Overview:
The infusion system market is pacing ahead with its increasing application in the military medical unit. Infusion systems are mostly used in infusing drugs, fluids, or nutrients into the circulatory system of a patient. Mostly done intravenously, but subcutaneous, arterial, and epidural are also common practices. The infusion system market can achieve 4.9% CAGR during the forecast period (2017-2025) and reach a substantial market worth by the end of 2025. Market Research Future (MRFR) recently published a report on the said market where they covered the segmental aspect of the market, along with putting some light on the drivers that can have a significant impact on the market in the coming years. At the same time, it included competitors’ profiles and latest updates to provide a holistic view of the entire market.
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For sure, the prevalence of chronic diseases across the world is going to trigger a positive response from the healthcare sector that would assist the infusion system market in growth during the forecast period. Advanced technologies are going to play a pivotal role as well and make way for a smoother growth. Military medical services sector can also generate substantial revenue for the global market in the coming years.
On the flip side, the infusion system market growth can slow down, if the threats regarding improper infusion rise its head. That can particularly happen in countries with low income and poor healthcare facilities.
Competitive Landscape:
Baxter, 3M, B. BRAUN MELSUNGEN AG, Becton,Dickinson and Company, ICU Medical, Inc, Smiths Medical, Fresenius Kabi AG, and Terumo Medical Corporation.
Segmentation:
MRFR report on the Infusion System Market is segmented by product type, application, and end-user.
Based on the product type, the infusion system market includes IV disposable, infusion pump, and others. As of 2016, IV disposable fetches in the maximum amount market revenue and leading the segment with ease.
On the basis of application, the infusion system market can be segmented intogastrointestinal diseases, pediatrics, chemotherapy, diabetes, and others.
Based on the end-user, the infusion system market can be segmented into hospitals, homecare,specialty oncology wards, and others. In 2016, hospitals segment had the reins of the market.
Regional Analysis:
MRFR report in their attempt to understand the infusion system market on a global scale, geographically, includes North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
North America is in charge of the segment,and the credit goes to the infrastructure that links healthcare sector with the latest technologies. The initiatives taken by the major medical equipment providers are bearing fruits as the healthcare sector is showing a keen interest in their products. Furthermore, the patient pool is providing traction as they are amply covered by the reimbursement policies.
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Europe is also having a great run in the market,and currently, it assumes the second spot.The tailwind for the regional market growth got provided by features that are quite similar to that of North America.