Being a Star in Your Industry You Must Know about Top Companies in Chemotherapy Devices Market

Market Overview:

According to vantage market research, the Global Chemotherapy Devices market is valued at USD 11.54 Billion in 2021 and is projected to attain a value of USD 23.12 Billion by 2028 at a CAGR of 7.5% during the forecast period, 2022–2028. Factors such as increasing incidence & prevalence of cancer, rising research and development activities, and increasing investment in the development of new therapies across the globe are expected to influence the growth of the Chemotherapy Devices Market in the coming years. North America holds the largest share in the market during the forecast period. The increasing number of cancer patients, improved health care infrastructure, increased government investments, and ongoing projects to develop advanced drugs to treat cancer patients are the major factors that influence the growth of the Market in this region.

Increased research and development expenditure and high prevalence of cancer around the world, are the factors that promote the growth of the global chemotherapy devices market which is expected to grow at a significant rate during the forecast period. According to National Cancer Institute, approximately 5.5 million people in the United States are affected by cancer. This number is expected to rise to 20.3 million by 2026. Thus, increasing occurrences of cancer disease is augmenting the growth of the market in near future. Other factors market growth drivers include increased public awareness, improvements in medical infrastructure, and technological advancements in the field of chemotherapy devices. However, the cost of this therapy is high and also it increases the risk of infection. Thus, these factors are responsible for hindering the growth of the market over the projected years.

Following are the top 10 leading companies in the Chemotherapy Devices Market:

1. Advanced Chemotherapy Technologies

Advanced Chemotherapies Technologies, Inc. is a privately owned, clinical-stage company developing novel approaches to local drug delivery. The company's lead product, ACT-IOP-003, is the first-in-class to combine iontophoresis drug delivery with an implantable delivery system to target drug delivery with laser-like precision. Advanced Chemotherapy Technologies drug delivery technology was first developed at and licensed from the University of North Carolina at Chapel Hill in conjunction with UNC Lineberger Comprehensive Cancer Center. The company has received funding from the U.S. National Institutes of Health (NIH) through SBIR awards, the North Carolina Biotechnology Center through strategic loans, and prior rounds of seed financing in 2017. The initial development and preclinical studies of the technology, which took place at the University of North Carolina, were funded through grants from the University Cancer Research Fund, the NIH, and the NIH Director’s Pioneer Award Program.

2. Baxter International

Baxter International Inc. is an American multinational health care company with headquarters in Deerfield, Illinois. The company primarily focuses on products to treat kidney disease, and other chronic and acute medical conditions. Baxter's BioScience business produces recombinant and blood plasma proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies and other chronic and acute blood-related conditions; products for regenerative medicine, and vaccines. The company's Medical Products business produces intravenous products and other products used in the delivery of fluids and drugs to patients; inhalational anesthetics; contract manufacturing services; and products to treat end-stage kidney disease, or irreversible kidney failure, including products for peritoneal dialysis and hemodialysis.

3. Becton Dickinson

BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics, and the delivery of care. The company supports the heroes on the frontlines of healthcare by developing innovative technology, services, and solutions that help advance both clinical therapy for patients and clinical processes for healthcare providers. The company helps to enhance the safety and efficiency of clinicians' care delivery process, enable laboratory scientists to accurately detect disease, and advance researchers' capabilities to develop the next generation of diagnostics and therapeutics. The company has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, the company can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to healthcare.

4. B. Braun

Braun is a German medical and pharmaceutical device company, which currently has more than 63,000 employees globally, and offices and production facilities in more than 60 countries. The company was founded in 1839 and headquartered in Melsungen, in central Germany. The company has more than 5.000 different healthcare products, of which 95% are manufactured by the company. By offering supplementary services and consulting, B. Braun is a system supplier that develops the best solution for patients in close partnership with the customers, making a significant contribution to medical advancements.

5. Fresenius Kabi

Established in 1995, Fresenius Kabi India Pvt. Ltd is the country's most admired healthcare provider. The company is dedicated to healthcare professionals by providing them with a diverse range of pharmaceutical products & Medical devices. The company's business can be broadly classified into four therapeutic areas, Clinical Nutrition which offers parental and enteral nutrition products, IV drugs which formulate intravenously administered generic drugs such as Oncology drugs, Anesthetics & Analgesics, Anti-infective & Critical Care drugs, Infusion therapy that includes infusion solutions & colloids, Medical Devices (Transfusion Technology/Infusion Technology) offers pumps, disposables, Infusion management system, products of collection & processing of blood components & for therapeutic treatment of patients blood by apheresis systems. In the field of biosimilars, the company develops products with a focus on autoimmune diseases and oncology.

6. Halyard Health

Halyard, formerly Kimberly-Clark Health Care, now part of Owens & Minor, sells sterilization wrap, facial protection, gloves, protective apparel, surgical drapes, and gowns in more than 100 countries. The company is dedicated to advancing health and healthcare. Because when people are healthy they live better–and do more. The company provides the clinically-superior solutions that are essential for our healthcare customers to do what they do best—provide superior patient care. The company's best-in-class product portfolio includes HALYARD, MEDICHOICE, and MEDICAL ACTION branded solutions for acute and non-acute care settings.

7. ICU Medical

ICU Medical, Inc. is a San Clemente, California-based company with global operations that develops, manufactures, and sells medical technologies used in vascular therapy, oncology, and critical care applications. The company's products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs. The company's product line includes intravenous therapy (IV) products, pumps, needle-free vascular access devices, custom infusion sets, closed system hazardous drug handling devices, and systems, sensor catheters, needle-free closed blood sampling systems, and hemodynamic monitoring systems. The company's products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs.

8. Moog Inc

Moog Inc is an American-based designer and manufacturer of electric, electro-hydraulic, and hydraulic motion, controls, and systems for applications in aerospace, defense, industrial and medical devices. The company operates under four segments: aircraft controls, space and defense controls, industrial controls, and components. The company's engineers have developed the capability to design and manufacture the most advanced motion control products for aerospace, defense, industrial, and medical applications – applications where precise control of velocity, force, acceleration, and fluid flow are critical. The company is a leading integrator of precision motion control systems and its products reflect the culture.

9. Micrel Medical

Micrel Medical Devices SA is a medical technology company designing, manufacturing, and marketing "smart" drug delivery systems. The company offers a full range of ambulatory volumetric and syringe infusion pumps, administration sets, accessories as well as remote patient infusion control and monitoring systems and services for a broad array of hospital and home-based patient treatments. The company's strengths come from the long experience in the infusion devices industry, they have gained through a large established product portfolio all over the world and a combination of innovative market-driven R&D culture with flexible manufacturing. The company develops new technologies and has a strong Intellectual Property (IP) portfolio in infusion systems supporting our product range. The company currently holds more than 20 patients on infusion technologies.

10. Smiths Group

Smith’s Group plc is a British multinational diversified engineering business headquartered in London, England. It has operations in over 50 countries and employs around 23,550 staff. Supplying its precision watches to various clients, including the Admiralty, the business quickly grew and expanded into a major provider of timepieces, diamonds, and automotive instrumentation. Presently, the company has five divisions. Smith’s Detection is the world's largest manufacturer of sensors for the detection of explosives, weapons, chemical agents, biohazards, narcotics, and contraband. John Crane is a manufacturer of seals and associated products for the process industries. Smith’s Medical is a manufacturer and supplier of specialty medical devices and equipment. Smith’s Interconnect is a manufacturer of electronic and radio frequency components. Flex-Tek is a supplier of components to heat and moves fluids and gases.

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For More Information about each of these companies. Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, In-depth analysis of key players, Development opportunities, Sales, Revenue Forecast.