Global Chemotherapy Devices Market was valued US$ 11.X9 Bn. in 2019 and is expected to reach US$ 19.X Bn. by 2027, at a CAGR of 7.9% during a forecast period.
Introduction and Market Dynamics:
Chemotherapy is a type of cancer treatment that makes use of one or more anti-cancer drugs (chemotherapeutic marketers) as a part of a standardized chemotherapy routine. Global Chemotherapy Devices Market was valued US$ 11.X9 Bn. in 2019 and is expected to reach US$ 19.X Bn. by 2027, at a CAGR of 7.9% during a forecast period.
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis. The global chemotherapy devices market was estimated at US$ XX Mn in 2019and is expected to reach a value of US$ XX Mn by 2027 with estimated CAGR XX% during forecast period.
The growing demand for the main factor boosting the growth of the global chemotherapy devices market consists of the rise in the prevalence of several kinds of cancers through the world. According to the World Health Organization, cancer is the second main reason for death worldwide, and it becomes chargeable for an expected 9.6 million deaths in 2018. Chemotherapy is administrated intravenously through a venous access device (VAD). Many types of devices are existing containing cannula, catheters, and implanted ports. The rising occurrences of multiple cancer types, such as sarcoma, lung cancer, lymphoma, myeloma, and breast cancer, are likely to act as the major growth driver for the chemotherapy devices market globally. Breast cancer is the most commonly occurring cancer in women and the second most common cancer overall. There were over 2 million new cases in 2018.
Besides, growing government initiatives and private organizations funding for refining chemotherapy treatment are other factors anticipated to in addition thrust the market growth. Additionally, technological improvements and non-stop research and development activities are estimated to generate possibilities for market companies. Chemotherapy treatment, as a result of cancer is a main cause of death across the world is another factor anticipated to upsurge the growth of the market during the forecast length. Around one-third of deaths from most cancers are owing to the five main behavioural and dietary risks: high body mass index, low fruit and vegetable consumption, loss of physical hobby, tobacco use, and alcohol use. Tobacco use is the maximum vital risk factor for cancer and is responsible for approximately 22% of cancer deaths.
However, chemotherapy devices may cause some degree of discomfort to patients is the important thing component that would restraint the market growth.
Global Chemotherapy Devices Market Segment analysis
By product type, the syringe pumps segment was valued at USD XX Mn. in 2019 and is expected to reach USD XX Mn. by 2027 at a CAGR of XX% during the forecast period. A syringe pump is a device that may either infuse or withdraw liquid samples/fluids, at consumer-defined flow rates and with selectable goal volumes. Syringe pumps are broadly used in the clinical area as well as in laboratory and study fields. An application of syringe pumps consists of electro spinning, electro spraying, micro dialysis, allotting/dilution, organ/tissue perfusion, and fluid stream. Most current syringe pumps may be programmed for better accuracy and progressed manages, and some models may be connected to a computer to file the infusion history. Besides, pumps that have an adjustable syringe holder are extra versatile of their programs.
Global Chemotherapy Devices Market Regional analysis
The market in North America is projected to lead the global chemotherapy devices market in terms of revenue through the forecast duration, as a result of the high acceptance of chemotherapy devices through many countries in the region. Around 1.7 million new most cancers instances are to be detected in the U.S. and more than 6, 00,000 people will give in to the disease in 2018. Significant growth factors of the marketplace in those regions are the growing occurrence of cancer, advanced health care infrastructure, and multiplied government spending. According to a breast cancer organization, in 2020, an estimated 276,480 new cases of invasive breast cancer are expected to be diagnosed in women in the U.S., along with 48,530 new cases of non-invasive (in situ) breast cancer.
Additionally, the market in Europe is anticipated to record considerable share in terms of revenue over the forecast duration, because of growing government projects closer to improving chemotherapy approaches.
Moreover, the market in the Asia Pacific is estimated to account for the highest CAGR, thanks to the growing aged populace and rising prevalence of diverse cancers amongst regional populace throughout diverse countries in the region. For example, according to the WHO 2018 report, around 70% of deaths from cancers occur in low- and center-earnings economies.
The objective of the report is to present a comprehensive analysis of the Global Chemotherapy Devices Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Chemotherapy Devices Market dynamics, structure by analysing the market segments and projects the Global Chemotherapy Devices Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Chemotherapy Devices Market make the report investor’s guide.
Scope of the Global Chemotherapy Devices Market
Global Chemotherapy Devices Market, By Product Type
• LVP (Large Volume Pump)
• Syringe Pump
• Elastomeric Pumps
Global Chemotherapy Devices Market, By End User
• Home Care
Global Chemotherapy Devices Market, By Regions
• North America
• South America
• Middle East and Africa (MEA)
Key Players operating the Global Chemotherapy Devices Market
• ICU Medical
• Terumo Corporation
• B. Braun
• Halyard Health
• Smiths Group
• Baxter International
• Zyno Medical
• Micrel Medical
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