According to a recently published report by Research Nester on "Blood Infusion System Market: Global Demand Analysis & Opportunity Outlook 2027"delivers detailed overview of the global blood infusion system market in terms of market segmentation by type, route of administration, end user type and region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
The recent urbanization and industrialization have led to the inclination of majority of population towards unhealthy lifestyle and improper eating habits resulting in increased cases of cardiovascular and neurological disorders. The rise in geriatric population is expected to drive the market growth on the back increasing fatal and chronic disease cases with 20% of the total population suffering from severe heart diseases.
The global blood infusion system market is segmented by type, route of administration and end user type. The type segment is further segmented into syringe, volumetric, ambulatory and others, out of which the volumetric segment is expected to have leading shares of around 38% owing to their ability to infuse large substances and integration with computerized systems. The end user segment is further divided into hospitals, clinics, research and labs, ambulatory surgical centers and home care setting, out of which the hospitals segment is anticipated to have significant market growth owing to wide application area to cater coupled with the fact that hospitals are multi-specialty and have number of healthcare infrastructure facilities with availability of advanced features for functioning of blood infusion systems.
On regional basis, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is anticipated to have leading shares owing to presence of major market players, rise in geriatric population and increasing chronic disease. Europe is expected to witness market growth on the back of improved healthcare facilities and rise in cases of neurological disorders, cardio-vascular disorders and cancer. Additionally, Asia-Pacific is anticipated to witness significant market growth on the back of prevalence of rise in geriatric population in the region leading to increased cases of age dependent chronic diseases.
Medical Advancements to Boost the Product Demand
The integration of IT with conventional blood infusion system has resulted in more sophisticated drug delivery mechanism. Wireless technology and constant upgradation have made home care setting possible leading to improved patient transition and patient care.
Increasing Geriatric Population and Chronic Disease
The geriatric population has been increasing over the years, with around 980 million people in 2018 which has led to increasing cases of cardiovascular disease, diabetes and neurological disorders owing to which there has been a surge in product demand.
Government Investments to drive the market Growth
The government investments in healthcare sector in order to provide better healthcare facilities for the remediation and promotional initiatives to increase awareness about chronic ailments are anticipated to increase the market growth.
The programming errors that create discrepancies between the required amount and the infused amount has resulted in serious health issues. The infusion although provide instant short term relief however, these are not sustained by body for long thus creating the need for constant infusions over the time.
This report also provides the existing competitive scenario of some of the key players of the global blood infusion system market which includes company profiling of Keifel Medical, Baxter, B. Braun Melsungen, CareFusion, Medtronic plc. Iradimed Corporation, Moog Inc and other prominent players.The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global blood infusion system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.