The global Infusion Pump Market is forecast to reach USD 20.21 Billion by 2027, according to a new report by Reports and Data. The infusion pump market size is expected to grow because of the growing demand in the medical sector. The rising number of chronic diseases, including diabetes, gastroenterological disorders, and cancer across the world, is expected to drive the market growth. This equipment is used to transfer liquid into a patient’s body with accurate and fixed amounts. They are extensively used in hospitals and nursing homes to help the patient in a critical condition. Moreover, the high demand for infusion systems from the defense sector is anticipated to drive market growth.
Infusion pumps can be used for 2 purposes, including portable and stationary. Stationary infusion pumps are primarily driven by the demand from hospitals for the patients. Portable infusion pumps are wearable, and it can be used during traveling, giving it an additional advantage over stationary infusion pumps. The market growth of portable type is expected to escalate, that will minimize overall medical expenditure. However, the rising adoption of rental and refurbished infusion pumps is a major market restraint.
An infusion pump is used by a health expert, who sets the time duration and speed of the transferred liquid using a pre-installed software. The small-volume pumps focus on hormones or medication, and the large volume pumps are used to feed patients. The infusion pump delivers fluids in smaller volumes and at automated intervals, which is not possible through manual administrated fluids. It provides several medications, including pain relievers, antibiotics, insulin, and chemotherapy drugs.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Becton, Dickinson and Company, B. Braun Melsungen AG, Baxter International Inc., Fresenius Kabi, ICU Medical, Inc., Smiths Medical, Medtronic Plc, Moog Inc., Terumo Corporation, and Avanos Medical, Inc. among others.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
On basis of product types and application offered by the Infusion Pump industry, the market is segmented into:
Product Outlook (Revenue, USD Million; 2017-2027)
- Accessories & Consumables
Application Outlook (Revenue, USD Million; 2017-2027)
- Analgesia/Pain management
End-User Outlook (Revenue, USD Million; 2017-2027)
- Home Care Settings
- Ambulatory Care Settings
- Academic & Research Institutes
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Infusion Pump market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
The regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Benefits of Infusion Pump Market Report:
- Panoramic overview of the opportunities and risks in the Infusion Pump sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Infusion Pump industry
- In-depth assessment of the competitive landscape of the key players of the Infusion Pump industry
- Analysis of the Infusion Pump market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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