The “Chemotherapy Infusion Pump Market: Opportunity Analysis and Future Assessment 2022-2030” research report offers a comprehensive and an in-depth evaluation of the progressive market trends, growth areas, opportunities, drivers, and restraints, which would allow clients and stakeholders to line up their market strategies as stated in present & future market dynamics. A strategic assessment of the market growth trajectory in the forecast period, whilst taking into account the Covid-19 impact on the industry, is also included in the research study, with certain information established by research experts.
The chemotherapy infusion pump market in 2022 is accounted for more than US$ 444.5 Mn and expected to reach at a value of US$ 643.0 Mn by 2030 with a significant CAGR of 4.7%.
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Chemotherapy Infusion Pump Introduction
Chemotherapy pumps provide unique tool for receiving the home infusion therapy of chemotherapeutic agents. Chemotherapy pumps, also called as infusion pump, consists of balloon containing chemotherapy drug, enclosed in hard plastic bottle. The balloon gently pushes the medication down the tubing into your IV. Introduction of chemotherapy pumps have made home infusion therapy very easy and feasible.
Chemotherapy pump is also available as battery operated infusion pump fitted with a disposable cassette containing chemotherapy. Some of the popular brands of chemotherapy pumps are CADD-Legacy, Baxter, etc.
Chemotherapy Infusion Pump Market Dynamics
Growing prevalence of cancer is the major factor driving growth of global chemotherapy infusion pumps market over the forecast period. According to National cancer Institute, in 2016, 1.2 Mn new cancer cases were diagnosed in the U.S., with breast cancer and lung cancer being the most common type of cancer.
Growing preference to home care in cancer chemotherapy is further increasing demand for chemotherapy infusion pumps. Technological advancements such as battery operated pumps is expected to increase the penetration of chemotherapy infusion pumps across all end users.
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Chemotherapy Infusion Pump Market Segmentation
The global chemotherapy infusion pump market is segmented on the basis of product type, modality, end user and region. On the basis of product type, chemotherapy infusion pump market is segmented as large volume pumps, syringe pumps, and elastomeric pumps. Based on modality, global chemotherapy pumps market is segmented in to battery operated chemotherapy pumps and mechanically operated chemotherapy pumps. On the basis of end user, global chemotherapy infusion pump market is segmented into hospitals, ambulatory surgical centers, clinics, home care settings.
Chemotherapy Infusion Pump Market Key Players
Global market for chemotherapy pump is highly consolidated and is dominated by few global players. Some of the players identified in the global chemotherapy pumps market are ICU Medical, Inc., Becton, Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation, Halyard Health, Inc., Baxter, Fresenius SE & Co. KGaA, Smiths Group plc., Moog Inc., ZynoMed, and Micrel Medical Devices SA.
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