Pune, 7, Dec, 2022: The report published by Maximize Market research, on Infusion Pumps Market covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market research expects, the market to growth from 9.12 Bn in 2021 to 17.91 Bn in 2029 at a CAGR of 8.8 %.
Infusion Pumps Market Scope and Research Methodology
The report is covered a detailed analysis of the Infusion Pumps Market by country, regional and global presence. Analysing primary and secondary data, current and future trends in the Infusion Pumps Market are presented in the report along with growth rate and market size forecasts. Regional analysis of the market is conducted at local, regional and global levels for a better understanding of the market penetration, competitive structure, pricing and demand analysis. The report also covers the strategies followed by key players and gives their analysis on the basis of their growth in last five years in the industry that helps investors and major companies decide their investment and strategic business stance.
The competitive analysis of the Infusion Pumps market includes information on the revenue, financial condition, portfolio, technological adoption, mergers and acquisitions, joint ventures, and strategic alliances of the major market participants, which are ranked by region. Additionally, a list of recent market entries is provided, together with information on their future prospects and growth potential. A general overview of the Infusion Pumps market is provided by such an analysis, which can be used by market participants, investors, stakeholders, followers, and new entrants to develop marketing and investment strategies.
For a segment-wise analysis of the Infusion Pumps Market, it is divided by Type, Application, and End-User for understanding the factors affecting the market growth positively and negatively. The bottom-up approach was employed to validate the market size and its estimation by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
SWOT analysis was conducted to provide the strengths and weaknesses of the Infusion Pumps Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Infusion Pumps Market.
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Infusion Pumps Market Overview
A medical device called an infusion pump helps patients receive fluids like nutrition and drugs in precisely measured volumes. In clinical settings including hospitals, nursing homes, and private residences, infusion pumps are frequently used.
The rising incidence of chronic diseases including cancer, diabetes, and others, the market for infusion pumps is expected to grow globally. As a result of infusion pumps’ expanding range of end-user applications, these devices are increasingly being adopted for use in the treatment of chronic diseases. Diabetes treatment, chemotherapy, and a number of other uses all frequently involve infusion pumps. There are many opportunities for the industry to grow as a result of the rising prevalence of chronic diseases worldwide.
Infusion Pumps Market Dynamics
In the past few decades, there have been a significant increase in surgical operations performed globally. In addition to an increase in the prevalence of obesity and other lifestyle disorders, this can be attributed to an ageing population that is growing. Injuries to the joints and the heart are significantly influenced by obesity. The risks of coronary heart disease, joint and tissue damage, cancer (of the colon, prostate, endometrium, kidney, and gallbladder), ischemic stroke, and type 2 diabetes are all increased by obesity. During and following many different types of surgery, infusion pumps are crucial for the continuous and controlled delivery of medications.
To protect patients’ health and safety, infusion pumps must adhere to strict standards and regulations. They are used to deliver liquid medications as well as other solutions to a patient’s body. The infusion pump market is regulated by a number of regulatory agencies, including the European Medicines Agency, the US Food and Drug Administration, and the Medicines and Healthcare Products Regulatory Agency (EMA). In order to sell and advertise infusion pumps legally in Europe, they must bear the CE mark.
Infusion Pumps Market Regional Insights
North America held the largest infusion pump market share in 2021. With the highest CAGR of approximately 8.5% over the forecast period, the region is also expected to hold a significant portion of the infusion pump market. Regional market revenue growth is being driven by the rise in chronic diseases as well as the rising acceptance of technologically sophisticated products, services, and types of equipment for routine treatment of chronic sickness conditions by patients and doctors. For instance, the American Cancer Society predicts that by the end of 2022, there will be 1,918,030 new cases of cancer in the country. The infusion pump market is expected to grow due to the rising demand for high-end infusion pump systems for better patient care.
Infusion Pumps Market Segmentation
- Volumetric Pumps
- Syringe Pumps
- Elastomeric Pumps
- Insulin Pumps
- Enteral Pumps
- Implantable Pumps
- Patient Control Analgesia (PCA) Pumps
- Diabetes Management
- Pain Management Analgesia
- Pediatrics/ Neonatology
- Other Applications
- Home Care Settings
- Ambulatory Care Settings
- Academic and Research Institutes
Infusion Pumps Market Key Manufacturers:
- Becton, Dickinson, and Company (US)
- Baxter International (US)
- B. Braun (Germany)
- ICU Medical (US)
- Fresenius Kabi (Germany)
- Smiths Medical (US)
- 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)
- Micrel Medical Devices SA (Greece),
- InfuTronix Solutions LLC (US)
- Zyno Medical LLC (US)
- Roche Diagnostics (Switzerland)
- Teleflex, Inc. (US)
- Mindray Medical International Limited (China)
- Epic Medical (Singapore)
- SOOIL Development Co., Ltd. (South Korea)
- Shenzhen MedRena Biotech Co., Ltd. (China)
- CODAN Medizinische Geräte GmbH & Co KG (Germany)
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Key questions answered in the Infusion Pumps Market are:
- What is Infusion Pumps?
- What is the growth rate of Infusion Pumps Market for the forecast years?
- What is the nature of competition in Infusion Pumps industry in developed and developing economies?
- Who are the key players in the Infusion Pumps Market?
- Who are the market leaders in Infusion Pumps in Europe?
- Who are the market leaders in Infusion Pumps in USA and Canada?
- Who are the market leaders in Infusion Pumps in India, China, Japan and South Korea?
- What are the factors affecting growth in the Infusion Pumps Market?
- Who held the largest market share in Infusion Pumps Market?
- What are the factors for the growth of Asia-Pacific region in Infusion Pumps Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Application, End-User, and Region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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