The rising incidence rate of chronic diseases and the increasing number of geriatric population have resulted in boosting the Infusion Therapy market.
Market Size – USD 7.61 Billion in 2018, Market Growth - CAGR of 4.1%, Market Trends – The rising demand of therapy in cancer treatment
The Global Infusion Therapy Market is forecast to reach USD 10.98 Billion by 2027, according to a new report by Reports and Data. Infusion therapy is used to give antibiotics, and life-saving hydration fluids that are administered with the help of IV to care users. In this therapy, the medication is administered with the help of a catheter or a needle. Care providers recommend this therapy when the condition of the patient is severe, unable to swallow, or drug recommended is a biologic response. It is commonly used in hospitals; however, in the present healthcare scenario, it can be administered in outpatient infusion therapy centers or even at home care with the assistance of specially trained nurses.
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The therapy is usually employed for treating chronic infections or serious conditions when patients do not respond to oral antibiotics. Various initiatives of market players like, acquisition are also supporting the market growth. As an instance, in 2016, ICU Medical Inc. was supposed to acquire Pfizer Inc’s Hospira Infusion Systems Business for USD 1.00 Billion. Such initiatives by market players, along with strengthening their market position, are also propelling the market growth. In regards to the region, Europe is projected to occupy a considerable share of the market. The market share held by the region is attributed to the continuously expanding healthcare sector and rising geriatric population.
Further key findings from the report suggest
- The Infusion therapy market held a market share of USD 7.61 Billion in the year 2018 that is forecasted to grow at a rate of 4.1% during the forecast period.
- In context to Product Type, the Infusion pumps held the largest market share of more than 30.0% in 2018, with a CAGR of 4.2% during the forecast period. The market share held by this segment is attributed to its extensive application in the healthcare sector due to the advantage of delivering fluids in small as well as large amount and applicability in delivering medications like hormones, antibiotics, chemotherapy drugs, and nutrients.
- In context to Therapy Type, the Nutritional therapy segment held the largest market share of 23.0% in 2018, with a significant growth rate of 4.2% during the forecast period. The fact this therapy is most commonly and extensively used in treating dehydration with the help of an intravenous drip in the healthcare sector contributes to the market share held by this segment.
- In regards to End-user, the Hospital segment held the largest market share of 49.0% in 2018, with a CAGR of 4.2% during the forecast period. The market share held by the segment is attributed to the increasing demand for cardiovascular treatment and chemotherapy from this care providing organizations.
- In regards to the region, Asia Pacific is projected to witness the fastest growth rate of 5.1% during the forecast, which is expected to hold 0% of the market by 2027.
- Key participants include GlaxoSmithKline plc, Johnson & Johnson, Pfizer Inc. Allergan, Plc., AbbVie Inc., Fresenius SE & Co. KGaA, B. Braun Melsungen AG., Takeda Pharmaceutical Company Limited., Baxter International Inc., Shire Plc and BioScrip.
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For the purpose of this report, Reports and Data have segmented the global Infusion Therapy market, according to Disease Type, Therapy Type, Product Type, End-user, and Region:
Disease Type Outlook (Revenue, USD Billion; 2016-2027)
- Cardiovascular diseases
- Cancer
- Infectious disease
- Diabetes
- Nephrology & urological disorder
- Inflammatory diseases
- Pain management
- Immune deficiency disorders
- Others
Therapy Type Outlook (Revenue, USD Billion; 2016-2027)
- Inotropic therapy
- Antibiotic & viral infusion therapy
- Chemotherapy
- Anti-coagulation infusion therapy
- Anesthesia
- Nutritional therapy
- Blood and blood component infusion therapy
- Others
Product Type Outlook (Revenue, USD Billion; 2016-2027)
- Intravenous sets
- Infusion pumps
- Needleless connectors
- IV cannulas
- Vein imaging devices
- Others
End-user Outlook (Revenue, USD Billion; 2016-2027)
- Hospital
- Clinics
- Ambulatory surgery centers
- Home care
- Others
Regional Outlook (Revenue, USD Billion; 2016-2027)
- North America
- US
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Key Points Covered in the Report:
- Comprehensive analysis of opportunities and risks in the Infusion Therapy market
- Recent mergers and acquisitions, collaborations, and technological innovations in the Infusion Therapy market
- Conclusive assessment of the growth rate and dynamics in the Infusion Therapy market
- In-depth study of key market drivers, restraints, macro- and micro-economic factors, threats, opportunities, and limitations
- Analysis of current and emerging market trends in the Infusion Therapy market
- Revenue growth estimations for the period of 2021-2028
- Analysis of top companies and new players operating in the market to offer competitive edge to the readers
- Comprehensive study of the key market dynamics and their latest trends and insights into key segments and sub-segments
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Rising prevalence of various diseases worldwide is driving the revenue growth of the market Capillary Blood Collection Market Size – USD 1.40 Billion in 2020, Market Growth – at a CAGR of 5.3%, Market Trends –Increasing number of surgical procedures globallyThe global Capillary Blood Collection Market size is expected to reach USD 2.10 billion by 2028 at a CAGR of 5.3%, according to the latest report by Reports and Data.
Rising prevalence of chronic ailments among expanding populace is a significant factor predicted to propel the revenue growth of the global capillary blood collection market between 2021 & 2028.Additionally, increasing need for minimally invasive methods is likely to augment the demand for capillary blood collection device, thereby fueling the market revenue growth.
Moreover, growing application of the technique combined with point-of-care diagnostics has become the most preferred method of testing, especially in remote health settings, which is another factor contributing to the revenue growth of the market.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4031Key market players analyzed in the report are:Becton, Dickinson and Company (U.S.), Thermofisher Scientific (U.S.), B. Braun Melsungen AG (Germany), Ypsomed Holding AG (Switzerland), Bio-Rad (U.S.), Sarstedt AG & Co (Germany), and Terumo Corporation (U.S.).Capillary blood collection is a medical procedure comprising a properly prepared collection tube or test vessel and a capillary end which is closed with a stopper.
Moreover, these capillary blood collection tubes are unbreakable, which is fueling their demand in the laboratory.
This in turn is promoting the revenue growth of the market.However, several risks associated with capillary blood collection technique and various challenges faced at the time of micro-collection are a few factors restraining the market revenue growth to a certain extent.
Nonetheless, product innovation and fast technological advancements in the capillary blood collection tubes are expected to offer lucrative opportunities for the high growth of the market revenue.Further key findings in the reportRevenue of the lancets segment is predicted to grow significantly in the market going ahead.
The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
The new report on the Cutlery market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.
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Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
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