The global chemotherapy devices market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period.
The global chemotherapy devices market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are increased research & development expenditure and high prevalence of cancer across the world.
The latest market analysis report published by Reports and Data, titled ‘Global Chemotherapy Devices Market – Forecast to 2028,’ thoroughly examines the Chemotherapy Devices industry to provide essential data & information for the targeted readers. The report consists of quantitative and qualitative research on the market performed by our market experts. The Chemotherapy Devices industry report emphasizes the current and upcoming market revenue growth opportunities and trends. Moreover, the report offers key information on the industry statistics, as well as a wide range of dynamic factors including drivers, restraints, risks, challenges, threats, supply & demand ratios, production & manufacturing capacities, sales & distribution networks, cost & demand volatility, import/export ratios, profit margins, and macro-economic and micro-economic factors. The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview. Our market experts have determined the current financial positions of the leading industry players in the report leveraging advanced analytical tools such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.
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Cancer is the abnormal and uncontrolled growth of cells. It is one of the most chronic and fatal diseases that spread to other parts of the body or invades them. Chemotherapy is the most frequently prescribed cancer treatment. Chemotherapy is a treatment for cancer that involves the use of a combination of anti-cancer agents, also known as chemotherapeutic agents, as part of a standard regimen. Alkylating agents (cisplatin, tetrazines), anti-metabolites (purines, pyrimidines), anti-microtubule agents (taxanes, vinca derivatives), and cytotoxic agents are all examples of chemotherapeutic agents (anthracyclines). Chemotherapeutic agents can be administered through a variety of devices. Chemotherapy devices are chosen based on type of cancer and type of therapy a patient is prescribed. Chemotherapeutic drugs are given to patients intravenously. A venous access device is a surgically implanted device that allows one to access major veins for a long time. Catheters and implantable ports are common venous access devices. The rising incidence and prevalence of cancer is expected to increase demand for chemotherapeutics devices, propelling the market forward during the forecast period.
Market Overview:
The global Chemotherapy Devices market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2028. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending, and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers, and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Chemotherapy Devices market is significantly driven by factors such as the increasing prevalence of chronic diseases, rapid advancements in the healthcare and medical sector, high adoption of the latest tools and techniques, and growing funds by several public and private sectors. In addition, the rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, and increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as a shortage of medicines, vaccines, and healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.
Top Companies Profiled in the Report:
- Becton, Dickinson
- ICU Medical
- Terumo Corporation
- Braun
- Halyard Health
- Smith’s Group
- Baxter International
- Fresenius
- Moog
- Zyno Medical
- Micrel Medical
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Chemotherapy Devices Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- LVP (Large Volume Pump)
- Syringe Pump
- Elastomeric Pumps
Application Type Outlook (Revenue, USD Billion; 2018-2028)
- Hospital
- Clinics
- Home Care
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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