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Press Release: Global Infusion System Market Witnessing Significant Growth Due to Rising Demand for Healthcare Services and Technological Advancements
Infusion System Market
Cancer Prevalence Driving Market Expansion
Cancer remains a major health challenge worldwide, and this is particularly evident in India, where an estimated 14,61,427 cancer cases were recorded in 2022. The rising prevalence of cancers such as lung and breast cancer, along with lymphoid leukemia among children, is expected to increase by 12.8% by 2025. This growing number of cancer cases has led to an increasing demand for chemotherapy and related infusion systems, further driving the global infusion system market.
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Key Market Drivers: Home Healthcare and Technological Innovations
The rise in cancer cases, along with a growing number of chronic diseases such as diabetes and pediatric conditions, has bolstered the demand for home healthcare services. Modern infusion systems have evolved to meet these needs, with technological innovations making them more intelligent and easier to use. These systems can now communicate wirelessly and offer precise control, improving patient care and treatment outcomes. Additionally, the aging population globally is creating a greater need for advanced healthcare solutions, which is expected to drive further growth in this market.
Surgical Procedures and Accessibility Boost Demand
Infusion systems are playing an increasingly critical role in surgeries across various medical specialties, particularly in administering anesthesia and pain management. Enhanced reimbursement policies in several countries have improved patient access to these systems, further boosting market growth. Hospitals and other healthcare institutions are adopting these systems in response to the increasing number of surgical procedures, driving demand for advanced infusion technologies.
Challenges: High Cost of Modern Infusion Devices
Despite the promising growth, the high cost of modern infusion systems is a notable barrier to widespread adoption, particularly in underdeveloped and developing regions. The initial investment required for purchasing and maintaining these devices can be prohibitive for many healthcare facilities, limiting their use. However, the benefits of these systems, particularly in improving patient outcomes, continue to make them an essential part of modern healthcare.
Segment Insights: Product, Disease Indication, and End-Use
Product Insights:
The infusion system market is segmented into various types, including volumetric, syringe, insulin, enteral, ambulatory, and implantable systems. Among these, the ambulatory infusion system accounted for the largest market share in 2022. This system, widely used in emergencies and chronic conditions, is gaining traction due to its ability to deliver nutrients and medications to patients in both hospital and home settings.
Disease Indication Insights:
The infusion system market is segmented by disease type, including chemotherapy, diabetes, pediatrics/neonatology, gastroenterology, and analgesia/pain management. The pediatrics/neonatology segment is expected to witness steady growth due to advancements in pediatric care and the rising number of births globally. Intravenous infusion systems are essential in these cases, as they allow for the precise delivery of fluids, which is crucial in treating newborns and children.
End-Use Insights:
Hospitals are expected to dominate the market, driven by the increasing prevalence of chronic diseases and the growing number of complex medical procedures. Infusion systems are extensively used in various hospital departments, including intensive care units, operating rooms, and emergency wards. The integration of smart features and improvements in infusion technologies are expected to further boost the demand for these systems in hospital settings.
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Infusion System Top Companies and Competitive Landscape
The global infusion system market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective intrusion system products in the market.
Some of the major companies included in the global infusion system market report are:
Braun SE
Baxter
Fresenius Kabi AG
ICU Medical
Smiths Group plc
Terumo Corporation
Pfizer Inc.
Moog Inc.
NIPRO
com
Medtronic
Micrel Medical Devices SA
Boston Scientific Corporation
BD
Hoffmann-La Roche Ltd.
Tandem Diabetes Care, Inc.
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Mindray)
IRadimed Corporation
Infusion System Latest Industry Updates
On 4 November 2021, ICU Medical, Inc. announced the acquisition of Pursuit Vascular, Inc., a medical device company that specializes in developing innovative products for the prevention of catheter-related bloodstream infections. This acquisition was aimed at enhancing ICU Medical's product offerings in the infusion system market.
On 16 November 2020, B. Braun AG announced the acquisition of NxStage Medical, Inc., a medical device company that specializes in developing innovative products for the treatment of kidney failure.
For the purpose of this report, Emergen Research has segmented the global infusion system market on the basis of product, disease indication, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019-2032)
Volumetric Infusion System
Syringe Infusion System
Insulin Infusion System
Enteral Infusion System
Ambulatory Infusion System
Patient-Controlled Analgesia Infusion System
Implantable Infusion System
Disease Indication Outlook (Revenue, USD Billion; 2019-2032)
Chemotherapy Diabetes
Gastroenterology
Analgesia/Pain Management
Pediatrics/Neonatology
Others
End-use Outlook (Revenue, USD Billion; 2019-2032)
Hospitals
Specialty Oncology Wards
Homecare
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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Infusion System Market Size@ https://www.emergenresearch.com/industry-report/infusion-system-market/market-size
Infusion System Market Share@ https://www.emergenresearch.com/industry-report/infusion-system-market/market-share
Infusion System Market Trends@ https://www.emergenresearch.com/industry-report/infusion-system-market/market-trends
Infusion System Regional Market Demand@ https://www.emergenresearch.com/industry-report/infusion-system-market/regional-market-demand
Infusion System Market Analysis@ https://www.emergenresearch.com/industry-report/infusion-system-market/market-analysis
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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