Market Definition
Medications, hormones, and nutritious fluids are administered into the circulatory system through veins in controlled volumes using intravenous infusion pumps. In clinical settings including hospitals, nursing homes, and homes, these pumps are widely used.
Market Outlook
The infusion pumps market was valued at USD 9.7 billion in 2021 and it is anticipated to grow further to USD 19.7 billion by 2031, at a CAGR of 7.3% during the forecast period.
Medications, hormones, and nutritious fluids are administered into the circulatory system through veins in controlled volumes using intravenous infusion pumps. In clinical settings including hospitals, nursing homes, and homes, these pumps are widely used. Using built-in software, the skilled operator controls the pump by setting the rate and duration of fluid supply. Nutrients, hormones, antibiotics, chemotherapeutic medications, and painkillers can all be given by intravenous infusion pumps.
The number of surgical operations carried out worldwide has significantly increased over time. The growing elderly population, as well as the increased frequency of obesity and other lifestyle disorders, are both responsible for this. One of the main causes of orthopedic and cardiovascular disorders is obesity. Obesity also raises the risk of ischemic stroke, type 2 diabetes mellitus, joint and tissue damage, breast, colon, ovarian, endometrial, kidney, and gallbladder cancer. The continuous and controlled medicine administration during and following many types of surgeries is made possible by infusion pumps. Diabetes, analgesia/pain management, gastroenterology, and chemotherapy are the main applications for infusion pumps. Infusion pumps are also frequently used to administer narcotic analgesics and anesthesia locally after cardiothoracic surgery, laparoscopic cholecystectomy, and bariatric surgery. The demand for infusion therapy is anticipated to rise as the number of procedures conducted does.
To Know More https://www.globalinsightservices.com/reports/skin-health-foods-market/?utm_id=1024
Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
Request Sample: https://www.globalinsightservices.com/request-sample/GIS10307/?utm_id=1024
Global Infusion Pumps Market Segmental Overview
The report analyses the global infusion pumps market based on the type, application, end user, and region.
Global Infusion Pumps Market by Type
Based on the type, it is segmented into volumetric pumps, syringe pumps, elastomeric pumps, insulin pumps, enteral pumps, implantable pumps, and patient control analgesia pumps. The insulin pumps segment is anticipated to dominate the market during the forecast period. The key factors such as growing number of type 1 diabetic patients population across the globe and the introduction of promising technologies in insulin pump areas. Growing applications of PCA pumps in pain management are anticipated to boost the growth of the market.
Global Infusion Pumps Market by Application
Based on the application, it is segmented into diabetes, oncology, pain management, and others. The diabetes segment is anticipated to dominate the market during the forecast period. The oncology segment is also likely to witness the fastest growth during the forecast period. The growing prevalence of various cancers coupled with increasing new product launched in this field is boosting the growth of the market.
Global Infusion Pumps Market by End User
Based on the end user, it is segmented into hospitals, ambulatory care settings, specialty clinics and home care settings. The hospital segment is anticipated to dominate the market during the forecast period. The high procuring power of the costliest infusion devices coupled with the large patient pool visiting these facilities, and the readiness of trained staff to operate the pump is boosting the growth of the market.
Request Customization: https://www.globalinsightservices.com/request-special-pricing/GIS10307/?utm_id=1024
Major Players in the Global Infusion Pumps Market
The key players studied in the Becton, Dickinson and Company (US), Baxter International (US), B. Braun (Germany), ICU Medical (US), Fresenius Kabi (Germany), Medtronic PLC (Ireland), Moog Inc. (US), Avanos Medical, Inc. (US), Nipro Corporation (Japan), Terumo Corporation (Japan), Insulet Corporation (US), Ypsomed Holding AG (Switzerland), Tandem Diabetes Care (US), JMS Co., Ltd. (Japan) and Micrel Medical Devices SA (Greece) among others.
Request Discounted Pricing https://www.globalinsightservices.com/request-customization/GIS10307/?utm_id=1024
Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Market Size in 2021 – US$ 9.7 Billion
- Market Size in 2031 – US$ 19.7Billion
- CAGR % – 7.3%
- Historic Period – 2015-2020
- Forecast Period – 2022-2031
- Base Year – 2021
Buy your copy here: https://www.globalinsightservices.com/checkout/single_user/GIS10307/?utm_id=1024
With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Infographic excel data pack, easy to analyze big data
• Robust and transparent research methodology
•Unmatched data quality and after sales service
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.