Chemotherapy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Chemotherapy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : July, 2020 | Medical Devices | PPT format

Report Digest


Global Chemotherapy Devices Market: Overview

Chemotherapy has considerably transformed the paradigm of cancer treatment and management all over the world. Various devices used for the delivery of chemotherapy through reliable venous access in patients has played a crucial role in the management of the disease. Devices such as cannula, catheters, and implantable ports have gained significance for chemotherapy. The rising acceptance of intravenous chemotherapy treatments has been offering increasing momentum to the evolution of the chemotherapy devices market. The methods and devices have gained popularity over the years in cancer treatment as they allow for better adoption of chemo drugs and fluids through the blood stream of patients. Of the various devices, central venous access devices (CVADs) for chemotherapy have gained traction in the market. These devices deliver chemotherapy medications via cephalic vein, external and internal jugular, and sub-clavian veins.

Global Chemotherapy Devices Market: Key Trends

The rising incidence as well as the prevalence of various cancer types in various regions is a prominent factor driving the chemotherapy devices market. The growing morbidity of cancer, coupled with the rising patient relapse rate, is propelling the need for better chemotherapy devices for the delivery of oncology medications to patients. The growing economic burden of the disease, especially among geriatric patient populations, is a notable trend offering big impetus to the growth of the chemotherapy devices market. Over the past few years, clinicians and oncologists are making efforts to combine the various methods of chemotherapy devices with biosensing, with the aim to improve treatment outcomes. Growing number of randomized clinical trials for accessing the safety and efficacy of chemotherapy devices will underpin new frontiers in the global chemotherapy devices market.

Global Chemotherapy Devices Market: Potential

The advent of point-of-care and implantable devices for cancer treatment has opened an exciting paradigm in personalized chemotherapy. Such chemotherapy devices are gathering traction for hard-to-treat diseases, as they enable the delivery of medications delivering chemo specifically to the organ needed, and without affecting the surrounding tissues. Efforts of device makers to make their products portable have further improved the functionality. Chemotherapy devices for pancreatic cancer is a recent case in point. A North Carolina-based U.S. company Advanced Chemotherapy Technologies since the early months of 2018 has been intensively working on developing implantable devices that will be used for the delivery of chemo drugs to patients suffering with pancreatic cancer. The device resemble the size of a coin and when tested in murine models was found to effective in substantially reducing the size of tumors in them. The chemotherapy device is based on electric field-enabled delivery method.  

As personalized chemotherapy gains momentum in oncology, rapid advances have been made in point-of-care (POC) devices that show great potential in increasing the possibility of monitoring disease progression. The use of specific biomarker-based dosage in POC testing seems to open a new avenue in the chemotherapy devices market.

Global Chemotherapy Devices Market: Regional Outlook

The report takes a critical look at the current and emerging avenues in various regions. Of the key regional markets for chemotherapy devices, developed regions, notably Europe, are expected to generate vast revenues during the assessment period of 2018–2028. This may be attributed to the growing spending of governments and private players in increasing the access of better chemotherapy devices to patient population is these regions. Meanwhile, numerous developing regions such as Asia Pacific will be key to new frontiers in the market, driven by the rising need for better chemotherapy treatments for the regional populations. The rapid pace of geriatric population in these regions is likely to present lucrative avenues for medical device manufacturers.

Global Chemotherapy Devices Market: Competitive Landscape

The study offers a granular assessment of the various dynamics shaping the competitive landscape by analyzing the impact of major strategies adopted by players to strengthen their positions in the chemotherapy devices market. Prominent players operating in the chemotherapy devices market can be Zyno Medical, Terumo Corporation, Micrel Medical, ICU Medical, Halyard Health, Fresenius Kabi, Becton, Dickinson and Company, Baxter International, and Advanced Chemotherapy Technologies.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.