The global drug infusion systems market size reached USD 10.56 Billion in 2020 and is expected to register a CAGR of 7.1% during the forecast period, according to latest analysis by Emergen Research.
The global drug infusion systems market size reached USD 10.56 Billion in 2020 and is expected to register a CAGR of 7.1% during the forecast period, according to latest analysis by Emergen Research. Rising prevalence of diabetes globally is expected to drive global drug infusion systems market revenue growth to a significant extent during the forecast period. Increasing demand for drug infusion systems to control hemodynamics is expected to further augment market growth over the forecast period. Rising demand for drug infusion systems to reduce chances of medication errors, especially on pediatric patients, is expected to boost global drug infusion systems market revenue growth over the forecast period.
However, high cost of drug infusion systems is expected to hamper global drug infusion systems market growth to some extent during the forecast period.
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Some Key Highlights From the Report
- Increasing usage of closed-loop systems to automate drug infusion to control hemodynamics is driving revenue growth of the closed-loop system segment, which is expected to register a significantly rapid CAGR over the forecast period.
- The total parenteral nutrition segment is expected to register significant revenue growth over the forecast period due to increasing use of total parenteral nutrition type of infusion in pediatric patients for feeding and delivering other fluid nutrients through the vein.
- The enteral segment is expected to register significant revenue growth over the forecast period due to rising utilization of the enteral route for pediatrics and nutrition applications.
- The hospital segment is expected to register significant revenue growth over the forecast period due to increasing application of drug infusion systems in hospitals for the controlled delivery of drugs and fluids.
- Asia Pacific is expected to register fastest revenue growth rate during the forecast period due to rising investment by governments for adoption of technologically advanced medical equipment in the healthcare industry in countries in the region.
- Key players in the market include Medtronic plc, Arcomed Ag, Baxter International Inc., Insulet Corporation, Smiths Group plc, Becton, Dickinson and Company, Halyard Health, Inc., ICU Medical, Inc., Flowonix Medical Inc., Zyno Medical LLC
- In November 2019, ICU Medical, Inc. announced the acquisition of Pursuit Vascular, Inc. for USD 75.0 million, with an additional earnout payment reportedly coming in 2021. Pursuit Vascular’s ClearGuard HD is a natural extension to ICU Medical’s needle-free IV connector and other infection control technologies, leading to best-of-breed solutions.
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Emergen Research has segmented the global drug infusion systems market on the basis of control systems, infusion type, administration route, application, end-use, and region:
- Control Systems Outlook (Revenue, USD Billion; 2018–2028)
- Open Loop System
- Closed Loop System
- Infusion Type Outlook (Revenue, USD Billion; 2018–2028)
- Continuous Infusion
- Intermittent Infusion
- Patient Controlled Infusion
- Total Parenteral Nutrition
- Administration Route Outlook (Revenue, USD Billion; 2018–2028)
- Enteral
- Subcutaneous
- Intravenous
- Arterial
- Epidural
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Pediatrics
- Diabetes
- Nutrition
- Hematology
- Analgesia
- Chemotherapy
- Others
- End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Diagnostic Centers
- Hospitals
- Ambulatory Surgical Centers
- Others
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- Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- 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 MEA
- North America
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About Emergen Research
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 analyze 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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