Press release
Infusion Therapy Market in the Spotlight: New Technologies and Platforms Improving Healthcare | Most Leading Companies - B. Braun Melsungen AG, ICU Medical, Inc., Baxter International Inc., Fresenius Kabi AG
The Global Infusion Therapy Market reached US$ 43.5 billion in 2023 and is expected to reach US$ 73.7 billion by 2031 growing with a CAGR of 6.8% during the forecast period 2024-2031.Infusion Therapy Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Infusion therapy is a medical treatment in which medications, fluids, or nutrients are delivered directly into a patient's bloodstream through a vein, typically via an intravenous (IV) line. It is used for various conditions, including dehydration, infections, chemotherapy, pain management, and nutrient deficiencies. Infusion therapy allows for faster and more efficient absorption of the medication, offering a vital treatment option when oral medication is not feasible or effective.
List of the Key Players in the Infusion Therapy Market:
B. Braun Melsungen AG, ICU Medical, Inc., Baxter International Inc., Fresenius Kabi AG, Terumo Corporation, Becton, Dickinson and Company, Nipro Corporation, Mindray Medical India Pvt. Ltd., Moog Inc., and Teleflex Incorporated
Industry Development:
In January 2024, AbbVie launched Produodopa (foslevodopa/foscarbidopa), a continuous subcutaneous infusion therapy for advanced Parkinson's disease in the European Union. Produodopa is the first and only 24-hour levodopa-based subcutaneous infusion therapy approved for this use in the EU.
In June 2023, Eitan Medical unveiled Eitan Insights, a new cloud-based infusion management system designed for home and specialty infusion requirements. This innovative platform integrates with Eitan Medical's infusion systems, including the Sapphire pump, now equipped with a universal plug-and-play cellular accessory, Sapphire Connect, and the Avoset pump, which is complemented by the AvosetGo app.
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Growth Forecast Projected:
The Global Infusion Therapy Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Infusion Therapy Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Infusion Therapy Market:
By Product Type; Infusion pumps, Intravenous sets, IV Cannulas, Needleless connectors, Vein imaging devices
By Route of Administration: Intramuscular, Subcutaneous, Epidural
By Application: Antibiotic & viral, Inotropic therapy, Anti-coagulation, Chemotherapy, Nutritional therapy, Blood component, Others
By End-Users: Hospitals & Specialty Clinics, Ambulatory Surgery Centers, Homecare Settings
Regional Analysis for Infusion Therapy Market:
The regional analysis of the Infusion Therapy Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Infusion Therapy market?
➠ Who are the leading manufacturers in the global Infusion Therapy industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Infusion Therapy industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Infusion Therapy market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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Report Overview
The global intravenous infusion pump market was valued at $4,154.30 million in 2020, and is estimated to reach $8,147.20 million by 2030, growing at a CAGR of 7.10% from 2023 to 2032. An intravenous infusion pump is a medical tool used to administer drugs or nutrients directly into a patient's bloodstream. These are frequently seen in medical facilities since they are frequently utilised to transport drugs in precise quantities.
The…