.webp)
Chemotherapy is applied for uncontrolled and abnormal cell growth. Rising cases of cancer and fatal disorders led to the introduction of chemotherapy. Chemotherapy is one of the most prescribed treatments for cancer patients in home care, hospitals, and clinics. Increasing incidents of cancer and public awareness for such fatal diseases have created the demand for chemotherapy devices. Rising risks of infections due to change in lifestyle habits, such as excessive consumption of alcohol and tobacco, in the senior populace led to rising incidents of cancer among the population.
There has been a substantial increase in research & development activities due to rising use of chemotherapy devices by various institutions. With rising cases of cancer, researchers have been actively looking for causes, habits, and mutations that cause cancer. Increasing government initiatives and expenditure for chemotherapy procedures can pose as prospects for demand for chemotherapy devices.
According to Business Research Insights, the global chemotherapy devices market size was valued at USD 12.471 billion in 2019 and is expected to reach a valuation of USD 19.901 billion by 2025 with a CAGR of 8.1% during the forecast period. The market has leading players such as Zyno Medical, Advanced Chemotherapy Technologies., B. Braun, Baxter International, Smith’s Group, ICU Medical, Moog Inc., Micrel Medical, Terumo Corporation, Halyard Health, Becton Dickinson, Terumo Corporation, and Fresenius Kabi.
Partnership Strategies to Increase Product Reach
Players of the market have opted for partnership strategies for expanding their customer reach and product portfolio. In February 2022, American Oncology Network, LLC (AON) partnered with InfuSystem Holdings, Inc. for providing ambulatory infusion pumps. Ambulatory infusion pumps provided full time clinical hotline, biomedical services, and supply and revenue cycle management.
Business Research Insights Reports Top 5 Key Players of Chemotherapy Devices
1. B. Braun
B. Braun Melsungen AG is a German-based medical and pharmaceutical devices company that offers its products in more than 60 countries. Founded in 1839, the company is headquartered in Melsungen, Germany. Internationally, the company is separated into different divisions such as Hospital Care Division, Out Patient Market Division, Aesculap Division, B. Braun Avitum Division, B. Braun Sterilog, and TransCare. The company offers its products in Africa, Asia Pacific, the Americas, Europe, and the Middle East.
2. Baxter International Inc.
Baxter International Inc. is an American healthcare company that puts weightage on products that treat kidney diseases and various other acute and chronic medical conditions. The company’s products are supplied to kidney dialysis centers, hospitals, rehabilitation centers, nursing homes, doctors’ offices, and laboratories. The company is headquartered in Deerfield, Illinois, U.S. Baxter International was founded in 1931 by Donald Baxter. In September 2021, the company announced to acquire Hillrom for USD 12.4 billion and the acquisition was completed in December 2021.
3. Halyard Health
Halyard Health, previously called Kimberly-Clark Health Care, sells facial protection, sterilization wrap, gloves, protective apparel, gowns, and surgical drapes. The company was started in 1872 and now serves in around 100 countries. The company is now a part of the Owens & Minor family. It has a portfolio of leading brands such as HALYARD, MEDICHOICE, MEDICAL ACTION, and AVID.
4. Becton, Dickinson and Company
Becton, Dickinson and Company, commonly known as BD, is an American medical technology company that manufactures and offers medical devices. BD also provides consulting and analytics services in various geographical areas. The company leads in healthcare worker and patient safety along with technologies that propel medical research. It has three business segments such as BD Medical, BD Life Sciences, and BD Interventional.
5. ICU Medical, Inc.
ICU Medical, Inc. is a global developer, manufacturer, and seller of medical technologies that are used in vascular therapy, critical care application, and oncology. The company was founded in 1984 and is located in San Clemente, California, U.S. ICU Medical’s product line includes products that are designed to prevent bloodstream infections and protect healthcare workers. The company has been named one of the most trustworthy companies in America by Forbes.
Radiotherapy to be one of the Potential Trends
Radiotherapy has been one of the potential trends that can push the market trajectory forward. New technologies, such as linear accelerators, are used for radiation therapy. They are new treatment devices that use radiation for treating cancer from patient’s bodies. Correct and appropriate level of radiation is given in the body so that healthy parts of the body are not harmed or affected in any way. Radiotherapy is also delivered using radiopharmaceuticals using advanced chemotherapy devices. This can provide the market with numerous opportunities and act as a trend for market progress.