Subcutaneous injection ports market is growing due to rising cancer and diabetes prevalence, with North America leading in technology adoption.
Subcutaneous injection ports have witnessed significant momentum, owing to their key benefits such as reducing the number of needle sticks required in blood samples, nutrition, fluids, and medication. Subcutaneous injection ports have also witnessed increased acceptance among healthcare professionals as they ebb the irritation in blood vessels caused by some medicines.
The global subcutaneous injection ports market is expected to witness a significant growth over the forecast period due to rising prevalence of cancer and diabetes across the globe. Increasing investment of manufacturers in the development of subcutaneous injection port is further driving the growth of the global subcutaneous injection ports market. Furthermore, over the past decade, more patient-friendly devices have enhanced the demand for subcutaneous injection ports. However, lack of focus on health expenditure, declining reimbursements and others factors are the hindrance of the global subcutaneous injection ports market.
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The global market for subcutaneous injection port is segmented on basis of product type, end user and geography:
On the basis of geography, the global subcutaneous injection ports market is segmented into six key regions viz. North America, Latin America, Europe, Asia Pacific excluding China, China and the Middle East & Africa. North America will continue to dominate the global subcutaneous injection ports market due to the availability of advanced technologies.
Europe is expected to hold the second large market share in the global subcutaneous injection ports market. Asia Pacific is also one of the fast-growing regions in the global subcutaneous injection ports market due to high incidence of diabetes in low-income countries. Moreover, the Middle East and Africa and Latin America are expected to show slow growth in the global subcutaneous injection ports market due to delayed introduction of the product in these regions.
Health care stakeholders are implementing payment reforms such as value-based payment models that help providers, payers, and patients achieve the best outcomes at the lowest cost. Technology-enabled patient engagement strategies are enabling increased financial independence for patients in their health care decisions, in addition to improving interactions with their health care systems. Governments are also moving the needle by adopting universal health coverage and introducing pricing controls on pharmaceuticals and medical technology devices. Population health management (PHM) is being used to identify people’s health care needs and offer services accordingly.
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While there will be uncertainties, stakeholders can navigate them by factoring in historic and current drivers of change when strategizing for 2020 and beyond. Among these drivers are a growing and aging population, rising prevalence of chronic diseases, infrastructure investments, technological advancements, evolving care models, higher labor costs amidst workforce shortages, and the expansion of health care systems in developing markets.
Subcutaneous Injection Ports Market: Key Players
Examples of some of the key players present in the global subcutaneous injection ports market are Medtronic MiniMed, Inc., Applied Medical Technology Ltd, Unomedical a/s and others.
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The post Discreet Subcutaneous Injection Ports Are Likely To Drive Growth Of The Subcutaneous Injection Ports Market appeared first on Latest Market Reports.
The article discusses the growth of the subcutaneous injection ports market driven by healthcare needs.
Rising prevalence of cancer and diabetes, along with technological advancements, are key drivers.
North America and Europe are leading, with Asia Pacific showing rapid growth.
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