The global demand for Infusion Therapy Device Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
An infusion therapy device is a medical device used to administer fluids such as medication and nutrients into a patient's body through a needle or catheter in controlled amounts. This high precision medication delivery is used in hospitals, homes, and other clinical settings. The drugs delivered using this method are mixed from vials and stored in infusion bags before administration. These electronic devices are used in treating various infectious diseases, disorders like cystic fibrosis and chronic dehydration, postoperative analgesic pain management, and to administer sedatives and anesthetics.
The rising number of people diagnosed with chronic illness, cancer, and diabetes is the main driver for the growth of the infusion therapy device market. Changing lifestyles and rising stress levels among the working population are the main stimulating factors for this market's growth. The growing geriatric population and rise in the obesity rate will supplement the growth of the market for innovative therapeutic devices. The rising need for medical devices that can be used for home care of patients will be a market booster. The various restraints to the growth of this market are the risks associated with the improper use of these devices and complex reimbursement policies issued by the insurance companies.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of infusion therapy device.
The entire infusion therapy device market has been sub-categorized into type and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Infusion Pumps
- Intravenous (IV) Sets
- Needleless Connectors (NLCs)
This section covers regional segmentation which accentuates on current and future demand for infusion therapy device market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Infusion Therapy Device Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the infusion therapy device market include B. Braun, CareFusion (Becton Dickinson), Fresenius Kabi, Codan, Hospira, Baxter International, Vygon, Smiths Medical, ICU Medical, Cair, Rays Spa, Benefis Srl. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.