Healthcare Global Blood Infusion System Market Trends | Page 2

specialty and have number of healthcare infrastructure facilities with
availability of advanced features for functioning of blood infusion systems.
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On regional basis, the market is segmented into North America, Europe, Asia
Pacific, Latin America and Middle East & Africa region. North America is
anticipated to have leading shares owing to presence of major market
players, rise in geriatric population and increasing chronic disease. Europe
is expected to witness market growth on the back of improved healthcare
facilities and rise in cases of neurological disorders, cardio-vascular
disorders and cancer. Additionally, Asia-Pacific is anticipated to witness
significant market growth on the back of prevalence of rise in geriatric
population in the region leading to increased cases of age dependent chronic
diseases.
Medical Advancements to Boost the Product Demand
The integration of IT with conventional blood infusion system has resulted
in more sophisticated drug delivery mechanism. Wireless technology and
constant upgradation have made home care setting possible leading to
improved patient transition and patient care.
Increasing Geriatric Population and Chronic Disease
The geriatric population has been increasing over the years, with around 980
million people in 2018 which has led to increasing cases of cardiovascular
disease, diabetes and neurological disorders owing to which there has been
a surge in product demand.
Government Investments to drive the market Growth