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,
- 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
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