An Infusion System is a medical device that is designed to deliver fluids, medications in solution to patients through intravenous, subcutaneous, epidural or enteral routes with the help of auto-programming workflows. The rate and duration of fluid delivery can be controlled in infusion systems, and it alleviates the problems of manual administration of fluids. The Global Infusion System Market is poised to capture a CAGR of 4.9% over the forecast period of 2017-2025, asserts Market Research Future (MRFR) in an exhaustive study.
The growing burden of chronic and fatal diseases has induced high demand for infusion systems within the global market. The application of infusion systems in military medical units is growing at a torrid pace which is also reflecting favorably in the growth of the global infusion system market.
Infusion systems have gained traction in the home healthcare setting. Management of various medical conditions which do not involve hospital stay has triggered high demand for infusion systems within the global infusion system market.
Infusion therapy is being increasingly used in the treatment and management of cancer. Infusion of anti-cancer is the mainstay of therapy since they involve administration of critical fluids and rise in the occurrence of oncology diseases is likely to augur the growth of the global infusion system market.
Development in design and features purveyed by advancement in hardware and software technologies has resulted in innovation and product development which is likely to augment the growth of the market. In addition, the rise in the number of FDA approvals contributes to the growth of the market.
On the other hand, the growth of the global infusion system, the market might be deterred by errors associated with infusion systems such as system failure, adverse drug interaction, and cybersecurity threats.
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Infusion System Market – Competitive Landscape
The noteworthy players in the Global Infusion Pumps Market include Terumo Medical Corporation, Becton, Dickinson and Company, ICU Medical, Inc., Fresenius Kabi AG, B. BRAUN MELSUNGEN AG, 3M, Baxter, and Smiths Medical.
In February 2019, Flowonix Medical, medical device company based in the US, announced that it had received FDA approval for marketing its infusion system software. The software which is set to be launched soon includes automatic calculations and increased dosing flexibility during bridge bolusing.
Infusion System Market – Segmentation
The Global Infusion System Market has been segmented based on product type, application, and end user.
By product type, the global infusion system market has been segmented into IV disposable, Infusion pump, and others. The IV disposable segment accounted for the foremost share of the market in 2016.
By application, the global infusion system market has been segmented into chemotherapy, diabetes, gastrointestinal diseases, pediatrics, and others. The chemotherapy segment is leading the market.
By end user, the global infusion system market has been segmented into hospitals, specialty oncology wards, homecare, and others. The hospitals segment is dominating the market.
Infusion System Market – Regional Analysis
By region, the Global Infusion System Market has been segmented into North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).
North America is domineering the global infusion system market and is estimated to attain a market valuation of USD 15.79 Bn by 2025. Chronic diseases are spreading at an alarming rate in the region which generates demand for infusion systems. In addition, huge patient pool and favorable reimbursement scenario support market growth.
Europe is the second largest market for infusion systems driven by high healthcare expenditure and demand for advanced medical facilities due to the growing burden of chronic diseases in the region.
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APAC region is poised to showcase massive growth over the forecast period and is expected to be the fastest-growing market for infusion systems. Surging prevalence of chronic diseases and high healthcare expenditure by the emerging economies are favoring the growth of the market. The APAC infusion system market is expected to exhibit a CAGR of 5.3% over the forecast period.
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