Infusion Pump Market Market is expected to grow with a CAGR of 8.80% from 2022 to 2028
As stated by our extensive
report, providing insights on Type and Applications, the global 3D Printing
Ceramic market accounted for 21,798.08 USD Million in 2020.
Infusion pumps are devices used to deliver fluids into a patient's body. The use of infusion pumps has been around since the late 1960s. These devices provide both medication and nutrients in controlled amounts. These tools are usable in all medical facilities for treatment purposes, and they are operated by professional medical practitioners.
In recent years, demand for at-home healthcare has expanded due to the rising healthcare expenditure especially, on hospitalization, and the high prevalence of chronic diseases. Home healthcare gives patients an option that is affordable compared to costly hospital care, which, helps reduce the expenditure by the government on healthcare services. Increasing need to minimize hospital stays, people are adopting increasingly ambulatory infusion pumps which are cheaper than many other pumps and also are easier to use.
Emerging nations such as India, Brazil, and China offer substantial growth opportunities for market players in the Infusion Pump Market Market. This can be attributed primarily to the diverse healthcare markets, rising incidence of chronic and infectious disorders, and rising Research & Development initiatives to improve medical technologies in this region. Additionally, developments in infrastructure in healthcare facilities, low-cost manufacturing advantage, and growing healthcare expenditures offered by emerging nations in the Asia Pacific are likely to encourage players in the market to invest in the coming years in this region.
North America is the largest market. Factors such as high adoption of infusion pumps (especially, specialty pumps) for chronic diseases treatment, rising chronic diseases prevalence, presence of large hospitals, and increasing geriatric population in the region, are driving the Infusion Pump Market Market growth.
Volumetric Infusion Pumps is likely to hold a significant market share. These infusion pumps have a broad range of applications in parenteral nutrition and disease management, due to which the value in the market for volumetric is huge compared to the markets for another type of pumps. The accuracy, simplicity, and safety of the infusion pumps in the therapeutic treatment areas provide the huge demand for these pumps.
Some of the prominent players operating in the Global Infusion Pump Market Market are 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), and CODAN Medizinische Geräte GmbH & Co KG (Germany)..
Browse the full Report - Infusion Pump Market Size, Share & Trends Analysis Report by Product Type (Accessories and Consumables, Devices), by Application (Chemotherapy/Oncology , Diabetes Management , Gastroenterology , Pain Management/ Analgesia ), by Setting (Hospitals, Home Care Settings , Ambulatory Care Settings , Academic and Research Institutes), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)