Airmont, New York Nov 9, 2021 (Issuewire.com) - Market Overview
The Global Drug Delivery Infusion System Market is expected to grow at a CAGR of 14.3% during the forecasting period (2021-2028).
Drug Delivery Infusion Systems are used to administer medications and fluids to critically ill patients by infusion.
The global Drug Delivery Infusion Systems market was estimated at USD 9 billion in 2017. The market is driven by the increased prevalence of chronic diseases such as cancer and diabetes coupled with rising demand for improved patient care.
As a result, the market will witness increased usage across different therapeutic indications over the forecast period. However, factors concerning patient safety and improper infusion leading to severe consequences will hamper the growth of the market.
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Market Segmentation
By Product Type
- Volumetric pumps
- Syringe Infusion Systems
- Ambulatory Infusion Systems
- Implantable Infusion Systems
- Insulin Infusion pumps
- Enteral Infusion Systems
By Application
- Oncology/Chemotherapy
- Diabetes
- Analgesia
- Nutrition
- Haematology
- Pediatrics
By End-User
- Hospital
- Ambulatory Surgical Centre
- Home care setting
Regionally, the market is segmented into five major regions, namely North America, South America, Europe, Asia Pacific, and RoW. North America accounted for the largest market share in the global Drug Delivery Infusion Systems market in 2017 owing to positive government regulations and reimbursement policies.
Asia Pacific region recorded the highest growth rate because of rising healthcare expenditure and increasing patient awareness. The report also profiles the following companies in the Drug Delivery Infusion Systems market – Acromed AG, B. Braun Melsungen AG, Baxter International, Becton Dickinson and Company, Caesarea Medical Electronics Ltd., Flowonix Medical Inc., Fresenius Kabi, IRADIMED CORPORATION, Medtronic, Terumo Corporation, ICU Medical, Inc. and Insulet Corporation.
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