Uploaded on Oct 13, 2020
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. https://www.maximizemarketresearch.com/market-report/global-chemotherapy-devices-market/60074/
Global Chemotherapy Devices Market
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.
https://www.maximizemarketresearch.com/market-report/global-chemotherapy-
devices-market/60074/
Scope of the Global Chemotherapy Devices
Market
Global Chemotherapy Devices Market, By Product Type
• LVP (Large Volume Pump)
• Syringe Pump
• Elastomeric Pumps
• Cannula
• Catheter
Global Chemotherapy Devices Market, By End User
• Hospital
• Clinics
• Home Care
Global Chemotherapy Devices Market, By Regions
• North America
• Europe
• Asia-Pacific
• 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
• Fresenius
• Moog
• Zyno Medical
• Micrel Medical
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