PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303563
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1303563
Global Injection Ports Market is valued at approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xxx% over the forecast period 2023-2030. Injection ports are small devices or fittings that are used in various medical and non-medical applications to provide a means for injecting fluids or medications into a system, container, or vessel. They are typically designed to be durable, easy to use, and provide a safe and efficient way to introduce fluids or medications without contaminating the surrounding environment. The Injection Ports market is expanding because of factors such as increasing prevalence of sudden cardiac arrests and growing awareness about life support systems. In medical applications, injection ports are commonly used in intravenous therapy. These ports are usually implanted under the skin and connected to a catheter that leads into a larger blood vessel, allowing healthcare providers to easily inject medications, and fluids, or draw blood samples without having to repeatedly access veins with needles. Its prevalence has progressively increased during the last few decades.
According to the American Heart Association's Heart and Stroke Statistics - 2022. cardiac arrest remains a public health crisis. There are more than 356,000 out-of-hospital cardiac arrests annually around 90% of them fatal in the United States. The incidence of EMS-assessed non-traumatic OHCA in people is estimated to be approx. 356,461 every day. Another important component driving space is increased awareness about life support systems. As per Statista, Personal emergency response systems have a global market value of roughly USD 4.7 billion in 2020. In addition, the Medical Devices segment in the United States is projected to reach USD 163.70 billion in 2023. Furthermore, the market's largest segment is Cardiology Devices with an estimated value of USD 22.47 billion in 2023. However, lack of standard rules and regulations stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Injection Ports Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of branded products and the region's increasing disease prevalence. According to Statista, the medical devices industry in the United States was valued at USD 226 billion in 2021. The market was expected to exceed USD 312 billion by 2027, with a CAGR of 5.38% during this time period. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric and target populations, and active participation of government and nonprofit organizations in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable