MEA Infusion Therapy Devices Market size is forecast to reach $560.27 million by 2025, growing at a CAGR of 4.71% during the forecast period 2020-2025. Growing cases of surgical procedures, increasing cases of cancer disease and fruitful treatments by healthcare organizations are the major factors driving the growth of the market. Increasing health awareness and entry of new startups in the MEA Infusion Therapy Industry is poised to further enhance the overall market demand of MEA Infusion Therapy Devices during the forecast period 2020-2025.
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Infusion Pumps - Segment Analysis
Large Volume Infusion Pumps segment held the largest share in the MEA Infusion Therapy Devices market in 2019 and is estimated to grow at a CAGR of 3.98% during the forecast period 2020-2025. Large volume pumps can pump fluid replacement such as saline solution, medications such as antibiotics or nutrient solutions large enough to feed a patient. Their efficiency drives the segment growth. Reduced manufacturing costs and growing medical usage are projected to help in the growth during the forecast period 2020-2025. Ambulatory Infusion Pumps held the second largest share in the market, owing to their easier use, safer medication process and alternative care facilities. Ambulatory Infusion Pumps is estimated to be the fastest growing segment and is set to register highest CAGR during the forecast period 2020-2025, owing to effectiveness of recovery costs by improving clinical outcomes and reduced length of hospital stays.
Infusion Method - Segment Analysis
Intravenous segment holds major share in the MEA Infusion Therapy Devices market in 2019. This is owing to the increasing ageing population, rising preference for home care, and rapid technological advancements. Decreased mobility profile is projected to drive the market growth of the segment. Subcutaneous segment is estimated to be the fastest growing segment in the market, owing to more user profile vibes and new startups related.
Infusion Type - Segment Analysis
Continuous Infusion segment holds major share in the MEA Infusion Therapy Devices market in 2019. This is owing to the advantage of maintaining a therapeutic level of diuretic over a more extended period than bolus administration. One clinical advantage of continuous dosing is that it requires less attention compared with repeated bolus dosing on an as-needed basis. Infusion-on-demand is projected to witness steady growth in the forecast period 2020-2025, owing to demand for home centered healthcare facilities.
End User - Segment Analysis
Hospital segment holds major share in the MEA Infusion Therapy Devices market in 2019. This is owing to the increasing availability of facilities and greater financial capabilities. Availability of trained professionals to operate infusion pumps are projected to drive the market growth of the segment. Ambulatory care settings segment is set to be the fastest growing segment in the market, owing to increase in adoption and demand for minimally invasive surgery, technological advancements.
Geography - Segment Analysis
Saudi Arabia dominated the MEA Infusion Therapy Devices market with a share of more than 31.5%, followed by UAE. Increase in competition and continuous technological advancements in this region have led to enhancements in the product portfolio. Rising state funded policies has boosted the growth of the market in this region. New startups in the market and recent mergers of key players that are in the market are also supporting in the growth of the market.
However, South Africa is estimated to grow at a higher CAGR during the forecast period 2020-2025. This is owing to the rising disposable incomes, launch of new key players and upcoming prevalence of various diseases in these regions.
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Drivers – MEA Infusion Therapy Devices Market
Growing cases of surgical procedures
There is an increase in number of growing surgical cases over the years. With the gradual shift of people’s attention towards a better body, and a healthier lifestyle, the market size of the MEA Infusion Therapy Devices Industry is estimated to increase by a big margin.
Growing purchasing power of healthcare organizations
The purchasing power of various healthcare organizations determines how much products is sold annually. With a surge in economic stock markets, healthcare organizations are gradually strengthening their financial power. Increased purchasing power of the healthcare sector is a driving factor for the growth in the market.
Challenges – MEA Infusion Therapy Devices Market
Stringent regulatory requirements for new products
MEA Infusion Therapy Devices Market depends more on the launch of new products, owing to many opportunities being untouched by existing players. This is poised to create challenge to the growth of the MEA Infusion Therapy Devices Market.
AZ Medcare, part of Abraj Al Zahira Investment, in collaboration with Zubair Small Enterprises Centre (Zubair SEC), is working on new products related to the industry.
In November 2019, B. Braun collaborated with Spok, Inc. for developing smart pumps with advanced technology.
Saudi Arabia dominates the MEA Infusion Therapy Devices market in 2019 owing to changing lifestyle, increasing state funded healthcare setups and growing purchasing power of healthcare organizations. The MEA Infusion Therapy Devices market scope for different regions will be provided in the final report.
The growing cases of surgical procedures, increasing cases of chronic disease and the increasing life expectancy among people are the major factors driving the growth of the MEA Infusion Therapy Devices Market.
Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the MEA Infusion Therapy Devices market report.
New product developments, stringent regulatory requirements for new products, and the increasing adoption of refurbished infusion pumps is set to create hurdles for the MEA Infusion Therapy Devices market.
MEA Infusion Therapy Devices Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the MEA Infusion therapy devices market. In 2019, MEA Infusion Therapy Devices market share is consolidated by the top players present in the market. MEA Infusion Therapy Devices top companies are 4US Medical, Abraj Al Zahira Investment, Medgte Medical Supplies, Hospira, Excel Trading & Engineering services, Alamary Med, Abet Healthcare, Equimed Group Sarl, B. Braun and Ledertech (Pty) Ltd among others.
1.Infusion Therapy Devices Market
2.Home Infusion Therapy Market
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