Chemotherapy Infusion Pumps Market by Product and Geography - Global Forecast and Analysis 2019-2023

The global chemotherapy infusion pumps market size will grow by USD 68.39 million during 2019-2023. This report provides a detailed analysis of the market by product (LVPs and syringe pumps and elastomeric pumps) and geography (Asia, Europe, North America, and ROW). The report analyzes the market’s competitive landscape and offers information on several chemotherapy infusion pumps manufacturers including B. Braun Melsungen AG, Baxter International Inc., Becton Dickinson and Co., ICU Medical Inc., and Smiths Group Plc.

To identify growth opportunities in the chemotherapy infusion pump market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. Asia will grow faster than the overall market. The growth of Europe, North America and ROW will be slower than the global chemotherapy infusion pump market.

Key Insights of Chemotherapy Infusion Pumps Market – Global Forecast 2019-2023

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Industry Overview

The chemotherapy infusion pumps market is witnessing an increase in the number of M&A activities among vendors. These M&As enable vendors to expand their business, improve market position, and increase sales. For instance, HealthCare Global Enterprises Ltd., a chain of Indian cancer treatment hospitals, acquired a controlling stake in Cancer Care Kenya Ltd. This helped it to improve the treatments that cancer patients receive in Kenya. The improved healthcare infrastructure across many developed countries is expected to further increase the growth opportunities for the chemotherapy infusion pump market vendors. All these developments will boost the adoption of chemotherapy infusion pumps expanding its global market size during the forecast period.

The advent of smart infusion pumps for chemotherapy administration is one of the key market trends influencing growth. Smart chemotherapy infusion pumps integrate dose error reduction software to ensure safe chemotherapy intervention in hospitals and homecare settings. Recently, vendors in the market are developing smart chemotherapy infusion pumps with wireless communication capabilities to share information with the hospital server. Such solutions improve efficiency and reduce operational costs of hospitals. Such innovative product offerings have increased the adoption of smart chemotherapy infusion pumps among end-users. As a result of these factors, the global chemotherapy infusion pump market is expected to grow at a CAGR of over 6% during 2019-2023.

Top Manufacturers in the Chemotherapy Infusion Pumps Market

The chemotherapy infusion pumps market is moderately fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this chemotherapy infusion pump market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several chemotherapy infusion pump companies, including:

• B. Braun Melsungen AG
• Baxter International Inc.
• Becton Dickinson and Co.
• ICU Medical Inc.
• Smiths Group Plc

Market Segmentation

Chemotherapy Infusion Pumps Market by Product

• LVPs and syringe pumps
• Elastomeric pumps

LVPs and syringe pumps are the largest revenue contributors to the global chemotherapy infusion pumps market. Vendors in the chemotherapy infusion pump market are developing syringe pumps with high accuracy and improved controls that can be connected to a computer to record the infusion history. Innovations such as integration of alarms update healthcare professionals about the IV fluid flow rate in LVPs are driving the growth of this segment.

Chemotherapy Infusion Pumps Market by Region

• Asia
• Europe
• North America
• ROW

North America has immense growth opportunities for chemotherapy infusion pumps manufacturers. The high incidence of various cancer types along with a rise in the number of cancer awareness programs is driving the growth of the chemotherapy infusion pump market in this region. The strong competition among market vendors in developing new innovative products is also contributing to the growth of chemotherapy infusion pumps market size in North America.

Key Highlights of the Chemotherapy Infusion Pumps Market – Forecast Period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the chemotherapy infusion pumps market size during the next five years
• Precise estimation of the global chemotherapy infusion pump market share, size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the chemotherapy infusion pumps industry across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of chemotherapy infusion pumps manufacturers

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