(Australia-NewsWire.Com, December 12, 2016 ) According to the report Advanced infusion systems Market, published by Market Data Forecast, the global market is projected to reach USD xxx Million by 2021, at a CAGR of xxx % from 2016 to 2021.
Advanced Infusion Systems are drug delivery devices that have a broad acceptance and usage across different areas. Their popularity is mainly because of their ergonomic design, dependable, and easy-to- use features. These devices have bolstered their position in a wide range of application areas including diabetes, enteral feeding pain management, oncology, and general infusion.
Increasing incidence of cancer, diabetes and chronic diseases owing to the rising geriatric population, increasing use of infusion products in homecare with encouraging reimbursements, immensely developed technology in infusion systems which eliminates user-related risks, safety, therapeutic effectiveness, higher bioavailability, and increase in healthcare spending are the factors that propel the growth of the market. The major factors challenging the growth of the market are the presence of strict regulations for product approval and possible medication errors associated with infusion pump.
Based on Application: Clinical Nutrition Chemotherapy Pain Management Diabetes Asthma
Based on Product: Disposable Infusion System Elastomeric Infusion System Ambulatory Infusion System Volumetric Infusion System Patient Controlled Analgesia Pump Syringe Infusion System Implantable Infusion System
Based on End users: Diagnostic Centers Hospitals Ambulatory Surgical Centers
Based on Geography North America Europe Asia Pacific Latin America Middle East & Africa
Some of the major companies dominating the global market 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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