Chemotherapy Devices Market Revenue to close at USD 20.73 billion by 2027
Posted On November 11, 2021
The Global Chemotherapy Devices Market is foreseen to grow at a remarkable CAGR of 7.5% during the year 2021-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 20.73 billion by 2027. The rising global prevalence of cancer is a major factor influencing the chemotherapy devices industry. Furthermore, the growing global need for chemotherapy is expected to boost the market for chemotherapy devices in the approaching years. In the projected years, increased consumer awareness regarding chemotherapy and rising need for technologically sophisticated products are expected to drive market demand.
Chemotherapy devices, like as large-volume pumps (LVPs), are used to distribute liquids properly through IV or epidural routes for therapeutic and/or diagnostic purposes. In 2020, the LVP (Large Volume Pump) sector had a market share of more than 20%.The discomfort connected with the use of devices, on the other hand, may stymie the market in the long run.
The geographical and segmentation study covered in the report "Global Chemotherapy Devices Market Report By Type (LVP (Large Volume Pump), Syringe Pump), By End Users (Hospital, Clinics, Home Care) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
On the basis of type the market is segmented into LVP (Large Volume Pump), Syringe Pump. By end users the chemotherapy devices market is categorised as Hospital, Clinics, Home Care. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Chemotherapy Devices Market -
- LVP (Large Volume Pump)
- Syringe Pump
By End Users
- Home Care
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Advanced Chemotherapy Technologies Inc., Becton, Dickinson, and Company, Fresenius Kabi AG, Moog Inc., Smiths Group plc., Baxter International Inc., Braun Melsungen AG, Halyard Health, Inc., ICU Medical, Inc., and Micrel Medical Devices S.A.
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