PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402557
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402557
Global injection port market size is estimated to be valued at US$ 1.36 Bn in 2023 and is expected to reach US$ 2.12 Bn by 2030, and is further expected to exhibit a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 1.36 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 6.50% | 2030 Value Projection: | US$ 2.12 Bn |
An injection port, is a specialized device designed to facilitate repeated access to a patient's vascular system without the need for multiple needle insertions. This innovative tool is commonly employed in healthcare settings for various purposes, such as intravenous (IV) therapy, chemotherapy, or frequent blood sampling. The injection port consists of a small, implantable reservoir connected to a catheter or tubing, which is surgically placed beneath the skin.
One of the primary advantages of an injection port is its ability to reduce the discomfort and trauma associated with repeated needle sticks. Patients undergoing long-term treatments, such as chemotherapy or those requiring frequent blood tests, benefit from the convenience and efficiency offered by injection ports. Healthcare professionals can easily access the port using a specialized needle, providing a direct route to the patient's bloodstream without the need for locating veins each time.
The design and materials of injection ports prioritize safety and reliability, minimizing the risk of infection and ensuring long-term functionality. As a result, injection ports have become integral components in enhancing the overall patient experience during extended medical treatments, demonstrating the ongoing commitment to improving medical procedures and reducing patient discomfort.
The prevalence of chronic diseases, like cancer, diabetes, and cardiovascular disease, has increased, thus necessitating the administration of medications, including injections, more frequently. Injection ports offer a convenient and efficient method for repetitive vein access, thereby facilitating drug administration and enhancing patient comfort.
The industry of medical devices, including injection ports, is subject to stringent regulatory requirements and standards. Compliance with these regulations, such as acquiring the necessary approvals and certifications, can be time-consuming and expensive, which can impede the market entry of new actors and impede innovation.