Global Infusion Pump Market is Expected to Reach Million US $ 21.7 by The End of 2026, With A CAGR of 6.8% During 2020-2027: Proficient Market
At Proficient Market, Global Infusion Pump Market research report presents a comprehensive overview of market size, share, evolution, trends, and forecast, and growth opportunities of Infusion Pump market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global infusion pump market along with, market trends, drivers, and restraints of the Infusion Pump market. In-depth study of market size with data Tables, Bar & Pie Charts, and Graphs & Statistics which helps easy to understand detailed breakdown of market.
According to the report, global infusion pump market in 2019 stood at USD 13.1 billion and is expected to reach USD 21.7 billion by 2027 growing at a CAGR of 6.8% from 2020 to 2027.
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Infusion pumps are medical devices that are generally utilized to deliver fluids including nutrients and medications such as insulin, chemotherapy drugs, antibiotics, pain relievers and hormones into a patient’s body in a controlled manner. Infusion pumps are mainly used in the treatment of chronic disease like cancer and others for chemotherapy and others. Also, it can be used intravenous, subcutaneous and arterial routes. These pumps help in delivering the accurate amount of fluid or medication to the patient at specific duration. Moreover, infusion pumps are mainly divided into two classes such as large-volume pumps and small-volume pumps. It provides an accurate as well as controllable flow and volume in a required set of time. Apart from that, the new generation of infusion pumps has been developed with high accuracy, highly sensitive to temperature and pressure and an extended range of applications in food chemical industries and laboratories ensuring the safety issues.
Global Infusion Pump Market Key Players: The research study includes profiles of leading companies operating in the global infusion pump market. Key players profiled in the report include:
B. Braun Melsungen
Micrel Medical Devices
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Drivers for the Global Infusion Pump Market: According to current market condition, the factor such as growing prevalence of diabetics, gastrointestinal disorders and chronic pain along with rapid growth in the geriatric population and rising awareness related to home health care is the major driver boosts the infusion pumps market. Moreover, the growing demand for portable infusion pumps to minimize the healthcare expenditure has also escalated the market. Also, the biggest technology trend of wireless capability products is driving the demand for infusion pumps. Apart from that, rising investments in R&D by the leading market players to bring about further innovations and advancements in their existing product range drive the growth of the infusion pump market.
Opportunities for the Global Infusion Pump Market: Growing expenditure on healthcare or increase disposable income, advancement in the infusion pumps and high rate of adoption of infusion pumps in the emerging economies are some factors is anticipated to create abundant opportunities in this market over the forecast period.
Restrains for the Global Infusion Pump Market: The increasing replacement of infusion pumps such as a commodity, lack of wireless connectivity in the hospital and associated safety issues are hindering the growth of the market. Also, patient safety concerns, and improper infusion leading to the severe consequences are factors impeding the growth of the market. Moreover, unmet medical needs in underdeveloped countries would act as an obstacle to market growth.
Region Wise, Global Infusion Pump Market Analysis: Global infusion pumps market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America region accounted to hold the largest market share in global infusion pumps market owing to constant innovations in advanced medical devices technologies in countries like the U.S. and Canada. In addition, favorable reimbursement policies for infusion pumps under medicare policies in various countries are the major factor which raises the market in this region. North America region is followed by Asia pacific and Europe.
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Global Infusion Pump Market: Product analysis
Volumetric Infusion Pumps
Syringe Infusion Pumps
Insulin Infusion Pumps
Ambulatory Infusion Pumps
Implantable Infusion Pumps
On the basis of type, Insulin Infusion Pumps accounted for largest share of total revenue generated. The increasing prevalence of diabetes, coupled with the growing demand for smart insulin pumps and portable insulin pumps for the management of diabetes at home care settings, is expected to drive the growth of the insulin pumps market during the forecast period.
Global Infusion Pump Market: Application analysis
The diabetes segment is expected to grow at the highest rate during the forecast period. Growth in this segment is mainly driven by the increasing prevalence of diabetes and the rising demand for insulin pumps for the management of diabetes in-home care settings.
Global Infusion Pump Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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