Market Overview:
The global rapid infusion system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising demand for minimally invasive surgeries, and technological advancements in rapid infusion devices. Based on type, the global rapid infusion system market is segmented into handheld devices, trolley mounted devices, and accessories. The handheld devices segment is expected to account for the largest share of the global market in 2018 owing to their ease of use and portability. Based on application, the global rapid infusion system market is segmented into single use and reusable applications.
Product Definition:
A Rapid Infusion System is a device that is used to quickly and safely infuse fluids, medications, or other treatments into a patient. The importance of using a Rapid Infusion System is that it can help to prevent errors and ensure that the treatment is delivered quickly and accurately.
Handheld Devices:
Handheld infusion devices are portable infusion pumps, which can be used to deliver drugs and fluids into the body. They are mostly used in hospitals for treating patients with chronic diseases such as cancer, anemia, diabetes mellitus. These devices have gained popularity owing to their ease of use and convenience over conventional methods of drug delivery.
Trolley Mounted Devices:
Trolley mounted devices are used to transfer and store medical equipment, it includes all types of trolleys such as hospital trolleys, IV pole trolleys, patient care trolleys and so on. The market for Trolley Mounted Devices (TMD) is expected to witness growth in the coming years due to increasing demand for infusion therapy coupled with rising number of hospitals using these systems.
Application Insights:
Single use devices held the largest market share in 2017. These are primarily used for initial fluid administration and subsequent dose adjustment during medical procedures. Increasing usage of rapid infusion systems in surgical procedures is expected to be a major factor driving the growth of this application segment over the forecast period.
Reusable devices are generally larger, bulkier and more expensive than their single use counterparts but offer several advantages including ease of operation, safety due to built-in safety features and programmable flow rates which makes it ideal for long term care settings such as hospitals or clinics. The reusable device also allows healthcare professionals to set up different programs with customized infusion schedules which further boosts its demand among patients suffering from chronic diseases or multiple sclerosis who require constant monitoring by healthcare professionals throughout day/night hours.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing healthcare expenditure, and rising awareness about R&D investments by pharmaceutical companies. The Asia Pacific is expected to grow at a lucrative rate over the forecast period due to factors such as improving healthcare infrastructure and growing target population base. Moreover, an increase in government initiatives for infusion therapy management is also anticipated to drive the market growth during the forecast period. For instance, ‘Infusion Therapy Initiative’ was launched by WHO which focuses on promoting safe & effective use of infusion therapies across high-income countries as well as low-and middle-income countries with substantial unmet needs.
Moreover Infusion Therapy UK (ITUK) promotes awareness of rapid infusions among clinicians working within hospitals & primary care centers throughout United Kingdom thus contributing towards overall revenue generation from this region.
Growth Factors:
- Increasing incidence of chronic diseases: The rapid infusion system market is expected to grow at a CAGR of 7.5% from 2016 to 2021, owing to the increasing incidence of chronic diseases such as cancer, diabetes, and heart disease.
- Technological advancements: The advent of novel technologies in the field of rapid infusion systems is expected to drive the market growth during the forecast period. For instance, in January 2016, Hospira Inc., launched its next-generation SmartSite® Rapid Infusion System that offers an intuitive user interface and advanced features for faster delivery of fluids and medications.
- Rising demand for homecare services: The growing demand for homecare services is another major factor that is anticipated to fuel the growth of this market during the forecast period. According to a study by Zion Market Research,the global home healthcare market was valued at USD 196 billion in 2015 and is projected to reach USD 321 billion by 2021at a CAGRof 9%.
- accounting for 12%of thenationalpopulation;
Scope Of The Report
Report Attributes
Report Details
Report Title
Rapid Infusion System Market Research Report
By Type
Handheld Devices, Trolley Mounted Devices, Accessories
By Application
Single Use, Reusable
By Companies
3M, Stryker Corporation, GE Healthcare, Smiths Medical, ZOLL Medical Corporation, Teleflex Incorporated, Belmont Instrument Corporation, BD, Soma Technology, 410 Medical, Smisson-Cartledge Biomedical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Rapid Infusion System Market Report Segments:
The global Rapid Infusion System market is segmented on the basis of:
Types
Handheld Devices, Trolley Mounted Devices, Accessories
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Single Use, Reusable
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- Stryker Corporation
- GE Healthcare
- Smiths Medical
- ZOLL Medical Corporation
- Teleflex Incorporated
- Belmont Instrument Corporation
- BD
- Soma Technology
- 410 Medical
- Smisson-Cartledge Biomedical
Highlights of The Rapid Infusion System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Handheld Devices
- Trolley Mounted Devices
- Accessories
- By Application:
- Single Use
- Reusable
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rapid Infusion System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rapid infusion system is a medical device that helps to rapidly deliver medications or other fluids and nutrients to patients.
Some of the major companies in the rapid infusion system market are 3M, Stryker Corporation, GE Healthcare, Smiths Medical, ZOLL Medical Corporation, Teleflex Incorporated, Belmont Instrument Corporation, BD, Soma Technology, 410 Medical, Smisson-Cartledge Biomedical.
The rapid infusion system market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rapid Infusion System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Rapid Infusion System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rapid Infusion System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Rapid Infusion System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Rapid Infusion System Market Size & Forecast, 2018-2028
4.5.1 Rapid Infusion System Market Size and Y-o-Y Growth
4.5.2 Rapid Infusion System Market Absolute $ Opportunity
Chapter 5 Global Rapid Infusion System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Rapid Infusion System Market Size Forecast by Type
5.2.1 Handheld Devices
5.2.2 Trolley Mounted Devices
5.2.3 Accessories
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rapid Infusion System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Rapid Infusion System Market Size Forecast by Applications
6.2.1 Single Use
6.2.2 Reusable
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rapid Infusion System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rapid Infusion System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Rapid Infusion System Analysis and Forecast
9.1 Introduction
9.2 North America Rapid Infusion System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Rapid Infusion System Market Size Forecast by Type
9.6.1 Handheld Devices
9.6.2 Trolley Mounted Devices
9.6.3 Accessories
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Rapid Infusion System Market Size Forecast by Applications
9.10.1 Single Use
9.10.2 Reusable
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Rapid Infusion System Analysis and Forecast
10.1 Introduction
10.2 Europe Rapid Infusion System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Rapid Infusion System Market Size Forecast by Type
10.6.1 Handheld Devices
10.6.2 Trolley Mounted Devices
10.6.3 Accessories
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Rapid Infusion System Market Size Forecast by Applications
10.10.1 Single Use
10.10.2 Reusable
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Rapid Infusion System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rapid Infusion System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Rapid Infusion System Market Size Forecast by Type
11.6.1 Handheld Devices
11.6.2 Trolley Mounted Devices
11.6.3 Accessories
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Rapid Infusion System Market Size Forecast by Applications
11.10.1 Single Use
11.10.2 Reusable
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Rapid Infusion System Analysis and Forecast
12.1 Introduction
12.2 Latin America Rapid Infusion System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Rapid Infusion System Market Size Forecast by Type
12.6.1 Handheld Devices
12.6.2 Trolley Mounted Devices
12.6.3 Accessories
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Rapid Infusion System Market Size Forecast by Applications
12.10.1 Single Use
12.10.2 Reusable
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Rapid Infusion System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rapid Infusion System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Rapid Infusion System Market Size Forecast by Type
13.6.1 Handheld Devices
13.6.2 Trolley Mounted Devices
13.6.3 Accessories
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Rapid Infusion System Market Size Forecast by Applications
13.10.1 Single Use
13.10.2 Reusable
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rapid Infusion System Market: Competitive Dashboard
14.2 Global Rapid Infusion System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Stryker Corporation
14.3.3 GE Healthcare
14.3.4 Smiths Medical
14.3.5 ZOLL Medical Corporation
14.3.6 Teleflex Incorporated
14.3.7 Belmont Instrument Corporation
14.3.8 BD
14.3.9 Soma Technology
14.3.10 410 Medical
14.3.11 Smisson-Cartledge Biomedical
