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Global Advanced Infusion Systems Market Competitive Analysis-2019

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Market Overview:
Advanced Infusion Systems Market was worth $XX million in 2018 and estimated to reach $XX million by the end of 2023 with a CAGR of XX%. Infusion systems are medical instruments and disposables, which are used to distribute fluids or administer drugs in the form of solution to the patient’s circulatory system in a precise, controlled, and systematic manner. There are various methods to administer medication into the patient’s system, of which, the most used mode is through intravenous, although arterial, subcutaneous, and epidural infusion is more favorable. This instrument was widely used for medicinal purposes, but because of high mortality rates associated with it, advanced infusion systems were developed. Advanced Infusion Systems are a class of drug delivery devices that have found full acceptance and usage across various areas. Their popularity is mainly because of their dependable, ergonomic design and easy-to-use features. These pumps have bolstered their position in a wide range of application areas including diabetes, oncology, enteral feeding pain management, and general infusion. Features like visual monitoring, smooth start-up, mobility of system, steady and continuous injection of multiple drugs at the same time, patient safety some of the significant factors that are furthering the growth of the potential market of advanced infusion systems over traditional ones.

Market Drivers and Restraints:

The growth in this market is primarily driven by the increasing incidence of cancer, diabetes, and chronic diseases owing to the rising geriatric population. Increasing use of infusion products in home care with encouraging reimbursements has hugely boosted this market. Immensely advanced technology in infusion systems, which eliminates user-related risks, safety, therapeutic effectiveness, higher bioavailability, increase in healthcare spending are also some other factors that propel the growth of the market. However, to operate these advanced infusion systems, extensive training is required. If the practice is not good enough, it can lead to an increased mortality rate, which is restraining the growth of this market to some extent. The presence of strict regulations for product approval and possible medication errors associated with the infusion pump may restrain the growth of the market during the forecast period.

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Report segmented as

By Product:

Disposable Infusion System
Elastomeric Infusion System
Ambulatory Infusion System
Volumetric Infusion System
Patient Controlled Analgesia Pump
Syringe Infusion System
Implantable Infusion System
By Application:

Clinical Nutrition
Pain Management
Geographical Analysis:

Based on geography, the global market is analyzed under various regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. North America commands the most significant regional segment of the global advanced infusion systems market. In 2015, North America accounted for the largest share, with 48.7% of the market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. This is mainly because of the high adoption of ambulatory pumps in the management of chronic diseases; high prevalence of rising penetration of advanced infusion systems; chronic diseases; and well-established healthcare infrastructure in the region. Asia-Pacific countries, particularly China and India) are expected to offer substantial growth opportunities for market players in the forecast period owing due to the vast patient population, increasing the incidence of chronic diseases with changing lifestyles, improving healthcare facilities, increasing accessibility to advanced products, and increasing disposable income.

Important Market Players:

Hospira, Inc., is a market leader in infusion technologies globally. The major players in these markets are AngioDynamics, Inc., Medtronic, Inc., Terumo Corporation, Johnson & Johnson, CareFusion Corporation, Animas Corporation, Baxter International, Inc., B. Braun Melsungen AG, I-Flow Corporation, and F. Hoffmann-La Roche Ltd.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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