Global Chemotherapy Devices Market growing at a CAGR of 7.1 % from 2023 to 2030
Category : Healthcare | Published Date : May 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the global chemotherapy devices market is growing with a CAGR of 7.1% and is expected to reach USD 20,807.56 million in 2030 from USD 12,139.65 million in 2022.
The report highlights the increasing prevalence of various types of cancers that are driving the demand for chemotherapy devices. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the chemotherapy devices market.
Global Chemotherapy Devices Market By Overview
The chemotherapy devices market is bifurcated into services type and end-users. Based on product, the market is segmented into catheter, cannula, pump, and others. Pump segment is sub-segmented into large volume pump, syringe pump, and elastomeric pumps. In 2022, the pump segment dominate in the overall chemotherapy devices market. The end-user segment is categorized into hospitals, clinics, and others. In 2022, the hospital segment accounted for the highest market share in the chemotherapy devices market.
Get Free SampleMarket Dynamics
Driver:
- Increasing incidences of cancer have fuelled the demand for innovative therapeutic techniques such as chemotherapy devices.
- Growing emphasis on personalized medicine is propelling the growth of chemotherapy devices in delivering targeted therapy.
Restraints:
- Adverse effects of chemotherapy and presence of alternative approaches including immunotherapy are likely to hinder the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Product | Catheter, Cannula, Pump (Large Volume Pump, Syringe Pump, and Elastomeric Pumps), and Others |
| By End-User | Hospitals, Clinics and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as BD, Micrel Medical Devices SA, and ICU Medical, Inc. have a strong market position in current market circumstances. Further, the chemotherapy devices market is expected to witness significant growth in the coming years due to the rising incidence of breast cancer that majorly involves chemotherapy treatment. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- BD
- Micrel Medical Devices SA
- B. Braun SE
- ICU Medical, Inc.
- Moog Inc.
- ZynoMed
- Terumo Corporation
- Baxter International Inc.
- Fresenius SE & Co. KGaA
- Mindray Medical India Pvt. Ltd.
