Global Chemotherapy Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"Global Chemotherapy Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global chemotherapy devices market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global chemotherapy devices market report has been segmented on the basis of product type, end user, and region.

Request Covid - 19 Impact

Introduction  

Chemotherapy is a medical procedure majorly conducted in hospital and it involves administration of medicine through a tube in a vein. Intravenous medications are directly given into blood stream through a variety of methods. Venous access device (VAD) is a surgically implanted device which provides long-term access to a major vein. There are various types of devices available includes cannula, catheters, and implanted ports.

Market Dynamics

Rising incidences of various types of cancers across the globe is a key factor expected to drive growth of the global chemotherapy devices market over the forecast period. For instance, according to Breast Cancer Organization 2017 report, approximately 252,710 new cases of breast cancer were identified in the US out of which 63,410 cases were of non-invasive breast cancer. In addition, increasing government initiative and private organizations funding for improving chemotherapy treatment are other factors expected to further fuel growth of the global market over the forecast period. Furthermore, increasing demand for chemotherapy treatment, owing to cancer is a leading cause of death across the globe is another factor expected to boost growth of the market over the forecast period. For instance, according to the Global Burden of Disease 2015 study, tobacco is a major risk factor for cancer and is responsible for around 22% of cancer deaths globally.

However, chemotherapy devices may cause some level of discomfort to patients is the major factor restraining growth of the global chemotherapy devices market over the forecast period. For example, at the time of treatment insertion of a skin-tunnelled catheter or port, the needle or guide wire can scratch the top of lung causing an air pocket.

Technological advancements and continuous research and development activities are expected to create potential revenue opportunities for players operating in the global chemotherapy devices market over the forecast period.

Analysis by Region

The market in North America is expected to dominate the global chemotherapy devices market in terms of revenue over the forecast period, owing to high adoption of Chemotherapy Devices across various countries in the region. In addition, the market in Europe is expected to register significant share in terms of revenue over the forecast period, owing to increasing government initiatives towards improving chemotherapy procedures. Furthermore, the market in Asia Pacific is expected to account for highest CAGR, owing to rising geriatric population and increasing incidence of various cancer among regional population across various countries in the region. For instance, according to the WHO 2018 report, around 70% of deaths from cancer occur in low- and middle-income economies.

Global Chemotherapy Devices Market Segmentation:

Segmentation by Product Type:

• LVP (Large Volume Pump)
• Syringe Pump
• Elastomeric Pumps

Segmentation by End User:

• Hospital
• Clinics
• Home Care

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa