Market Synopsis of Infusion Pump market:
Market Scenario:
The Global market for infusion pump is growing at a steady pace. The various factors that influence the growth of the market are increased use of infusion pumps for the delivery of drugs and other fluids, rising prevalence of chronic and fatal diseases, high demand of the infusion systems in the military medical units, technological advancements from the leading market players. Furthermore the factors such as patient safety concerns and improper infusion leading to the severe consequences, unmet medical needs in the low income countries are hamper the growth of the market. Globally the market for infusion pump is expected to reach $9.71 billion at the rate of about 5% from 2017 to 2023.
Key Players for Infusion System Market:
- 3M,
- 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”
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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.
Intended Audience
- Infusion pumps manufacturers
- Infusion pumps suppliers
- Research and Development (R&D) Companies
- Government Research Laboratories
- Independent Research Laboratories
- Government and Independent Regulatory Authorities
- Market Research and Consulting Service Providers
- Medical Research Laboratories
- Academic Medical Institutes and Universities
Key questions answered in this report
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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