Health and Living

Infusion Pumps Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2016 To 2023


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Market Highlights

The global infusion pump market has been evaluated as steadily growing market and expected that the market will reach high growth figures. There has been a tremendous growth in the adoption rate of the infusion system in the delivery of medication and other necessary fluids into the body. The main purpose of the infusion pump is to control the flow of the fluid while being delivered into the body of the patient. Infusion pumps are capable of delivering fluids in large or small amounts and at different flow rates. These are used to deliver nutritional fluids such as minerals, salts, saline solution, and medicinal fluids such as insulin, other hormones, chemotherapy drugs, antibiotics, and pain relievers. The increasing use of infusion pumps is driving the growth of the market. Additionally there are some factors such as rising prevalence of chronic and fatal diseases, high demand of the infusion systems in the military medical units, technological advancements in the infusion pumps from the leading market players are believed to boost the infusion pump market.

On the other hand, Patient safety is one of the major concern in the infusion therapy. As the process involves direct contact with the blood and the body fluids, there is a high risk of infection that can be caused by number of reasons. Due to lack of proper safety precautions during the infusion, use of the non-sterilized or used needles and other disposables, the chances of infection may increase. Miss-management in these procedures can cause severe consequences and it poses severe threat for the patients. Furthermore, unmet medical needs in the low income countries may affect the infusion pump market. As the economic condition of such countries is very poor, the government is not able to provide the basic medical needs for the people. Lack of proper healthcare infrastructure leads to the death of people because of not getting the proper treatment in time. All these factors can hamper the growth of the infusion pump market. 

 

Key Players for Infusion System Market:                                                    

  • 3M,
  • B. BRAUN MELSUNGEN AG,
  • Baxter,
  • Becton,
  • Dickinson and Company,
  • Fresenius Kabi AG,
  • ICU Medical, Inc,
  • Smiths Medical,
  • Terumo Medical Corporation.  

 

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Key Finding

  • The infusion pump global market and is expected to reach $9.71 billion by 2023.
  • Volumetric holds the largest share of 37.1% of the market.
  • North America holds the largest market share of Infusion pump market and is anticipated to reach $3.49 billion by the end of forecast period.
  • Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 5.4% during the forecast period.

 

Segments:                                                                                                                                         

Infusion Pump market has been segmented

On the basis of type which comprises of volumetric pump, syringe pump, ambulatory pump, & others. Volumetric pump accounted for the largest market share of the total market in 2016.

On the basis of application, market is segmented into Chemotherapy, diabetes, gastrointestinal diseases, pediatrics, and others. Chemotherapy segment accounted for the largest market share of the total market in 2016.

On the basis of end user, market is segmented into hospitals, ambulatory surgical centers, homecare, & others. Hospitals dominated the global market with the largest market share in 2016

 

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Infusion Pumps Market Research Report- Forecast To 2027

 

Regional Analysis of Infusion Pump Market:                                                         

Globally North America is the largest market for Infusion Pump and is expected to commands the largest market share due to advanced technologies are continuously on rise in these countries. North America is expected to reach $3.49 billion by the end of 2023. Europe accounts for the second largest market and is expected to reach nearly $3.11 billion, whereas Asia Pacific with lots of opportunity and continuously growing economies, is expected to be the fastest growing segment with the CAGR of 5.4% during 2017-2023. This rapid growth is majorly due to recent developments in healthcare and improving economies and disposable income per individual. Middle East and Africa with less economic developments and extremely low income accounts for least market share in 2016 but is expected to grow with better infusion treatment in the countries.

 

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Table of Content

1    Report Prologue    12
2    Market Introduction    16
2.1    Definition    16
2.2    Scope Of Study    16
2.3    Research Objective    16
2.4    Assumptions & Limitations    17
2.4.1    Assumptions    17
2.4.2    Limitations    17
2.5    Market Structure    17
3    Research Methodology    18
3.1    Research Process    18
3.2    Primary Research    19
3.3    Secondary Research    19
3.4    Market Size Estimation    19
4    Market Dynamics    21
4.1    Introduction    21
4.2    Drivers    22
4.2.1    Increased Use Of Infusion Pumps For The Delivery Of Drugs And Other Fluids.    22
4.2.2    Rising Prevalence Of Chronic And Fatal Diseases    22
4.2.3    High Demand Of The Infusion Systems In The Military Medical Units.    23
4.2.4    Technological Advancements From The Leading Market Players    23
4.3    Restraint    25
4.3.1    Patient Safety Concerns And Improper Infusion Leading To The Severe Consequences.    25
4.3.2    Unmet Medical Needs In The Low Income Countries    25
4.4    Opportunity    26
4.4.1    Growing Geriatric Population Presents Significant Growth Opportunity    26
4.4.2    Low Income Economies And Developing Nations With Improving Healthcare Facilities resent A Great Opportunity.    26
4.5    Macroeconomic Indicators    27
5    Market Factor Analysis    28
5.1    Porters Five Forces Model    28
5.1.1    Bargaining Power Of Suppliers    28
5.1.2    Bargaining Power Of Buyers    29
5.1.3    Threat Of New Entrants    29
5.1.4    Threat Of Substitutes    29
5.1.5    Intensity Of Rivalry    29
5.2    Pricing Analysis    30
5.3    Upcoming Trends    30
6    Global Infusion Pump Market, By Type    31
6.1    Introduction    31
6.1.1    Volumetric Pump    32
6.1.2    Syringe Pump    33
6.1.3    Ambulatory Pump    34
7    Global Infusion Pump Market, By Application    36
7.1    Introduction    36
7.2    Chemotherapy    37
7.3    Diabetes    38
7.4    Gastrointestinal Disorders    39
7.5    Pediatrics    40
7.6    Other Applications    41
8    Global Infusion Pump Market, By End User 

Continue……….

 

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.