The Injection Port Market is poised for Robust Adoption by Medical Devices by 2031
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| Injection Port Market |
The injection port market comprises devices such as simple injection ports, self-sealing injection ports, and needleless injection ports. Injection ports are utilized in medical devices including infusion pumps, enteral feeding devices, IV sets, and parenteral containers among others. They allow for the administration of medications and nutrients into medical devices without direct needle access while also preventing backflow and contamination.
The global
injection port market is estimated to be valued at US$ 1.57 Bn in 2024 and is
expected to exhibit a CAGR of 7.6% over the forecast period between 2024 to
2031.
Key Takeaways
Key players operating in the injection port market are Jungbunzlauer, Gadot
Biochemical Industries, Sucroal, Dr. Paul Lohmann, Global Calcium, TATE &
LYLE, American Elements, Triveni Chemicals, A.B. Enterprises, Nikunj Chemicals,
Advait Industries, Anmol Chemicals, Krishna Chemicals, AMS biotechnology, Henan
Honghui Biotechnology. Key players are focusing on new product launches and
partnerships to strengthen their presence and expand offerings.
The growing prevalence of chronic diseases and increase in hospitalization
rates globally are major factors fueling the demand for injection ports. Rising
cases of diabetes, cancer and cardiovascular diseases are further propelling
the market growth. Injection ports provide convenient administration of
medications over extended periods without additional pain to patients.
The market is witnessing increasing penetrations in emerging regions of Latin
America, Asia Pacific and Middle East & Africa. Increasing healthcare
investments by governments and rising medical tourism in developing countries
are supporting the regional expansion of key players. Countries with large
patient pools such as China and India present lucrative opportunities.
Market Key Trends
The development of anti-microbial injection ports is a key trend being
observed in the market. Incorporation of anti-microbial agents such as silver
in injection ports helps prevent infections by inhibiting the growth of
microbes. This reduces the risks of catheter-related bloodstream infections
which is a major driver of hospital costs.
Porter’s
Analysis
Threat of
new entrants: The Injection
Port Market Demand has moderate threat of new entrants as it requires
substantial investments and established distribution channels. However,
technological advancements can lower the entry barriers.
Bargaining power of buyers: The bargaining power of buyers is moderate to high
in this market. Buyers can negotiate on pricing and favor suppliers that offer
customized solutions.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as
there are numerous suppliers for raw materials and components. However,
suppliers of certain specialty chemicals may wield more influence.
Threat of new substitutes: Threat of new substitutes is low as injection port
has few alternatives that can match its effectiveness. Some substitutes exist
but require design alterations.
Competitive rivalry: The market has several international players competing on
basis of product offerings, pricing and innovation.
Geographical Regions
North America is currently dominating the injection port market in terms of
value owing to high pharmaceutical production and established CMO industries in
the US and Canada.
Asia Pacific is expected to be the fastest growing region during the forecast
period driven by increasing pharmaceutical manufacturing activities in
countries like India, China and South Korea. Growing generics industry and
rising contract manufacturing will boost adoption of injection ports.
Get more insights on Injection
Port Market
About
Author:
Money
Singh is a seasoned
content writer with over four years of experience in the market research
sector. Her expertise spans various industries, including food and beverages, biotechnology,
chemical and materials, defense and aerospace, consumer goods, etc.
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