Report Ocean recently published a new research report on the Infusion Pump Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Infusion Pump Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
Global Infusion Pump Market is valued at approximately USD 9.68 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2022-2029.
Request To Download Free Sample of This Strategic Report: –https://reportocean.us/sample-request/report_id/BIZWIT1572
A medical device is an infusion pump that is used to deliver several fluids to the body under controlled conditions. In hospitals, nursing homes, long-term care facilities, and home settings, the pump is used to provide intravenous medications. Infusion pumps are used in the treatment and management of diabetes, gastroenterology, haematology, neonatology, analgesia, and chemotherapy. The key factor driving the market growth is the rising incidence of chronic diseases along with rapid growth in the geriatric population, increasing number of surgical procedures, and growing demand for ambulatory infusion pumps in home care settings. Thus, propelling the lucrative demand for the market during the forecast period.
Infusion pumps provide key benefits over manual delivery of fluids such as the ability to deliver the fluids in a very small dosage and at accurate predefined rates. These pumps are often used to deliver medication to maintain drug levels in the bloodstream stable in cases such as cancer and diabetes. According to the Centers for Disease Control and Prevention (CDC), there were34.2 million adult diabetics in the United States or 10.5% of the population, and there was around 463 million cases of diabetes globally in 2020. Insulin pumps are becoming more and more popular for managing type 1 diabetes. To enable continuous drug delivery for these patients, user-friendly self-controlled pumps are required. This factor is driving the market expansion for infusion pumps throughout every region. Also, the rising adoption of specialty infusion systems would create lucrative opportunities for the market during the forecast period. However, the stringent regulations to produce pumps stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Infusion Pump Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the higher diagnosis and treatment rates for diabetes and favourable reimbursement policies in the region. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as rising incidence of health-related problems such as heart disease, obesity, diabetes, and other chronic diseases and growing investment by the key market players would create lucrative growth prospects for the Infusion Pump market across Asia Pacific region.
Major market players included in this report are:
- Medtronic (Ireland)
- Becton Dickinson and Company (U.S.)
- Baxter (U.S.)
- Insulet Corporation (U.S.)
- ICU Medical, Inc. (U.S.)
- B. Braun Melsungen AG (Germany)
- Smiths Medical (Smiths Group plc.) (U.S.)
- Fresenius Kabi AG (Germany)
- Terumo Corporation (Japan)
- F. Hoffmann-La Roche Ltd (Switzerland)
Download Free Sample of This Strategic Report: –https://reportocean.us/sample-request/report_id/BIZWIT1572
Recent Developments in the Market:
In Apr 2021, Medtronic has announced the launch of the world’s first and only infusion set which can be used for up to 7 days in select European countries. This set is responsible for providing insulin from the pump into the human body. All MiniMed insulin pumps from the 600 and 700 series are compatible with this new set.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Volumetric Pumps
Syringe Pumps
Enteral Pumps
Insulin Pumps
Elastomeric Pumps
Implantable Pumps
PCA Pumps
By Application:
Diabetes
Oncology
Pain Management
Download Free Sample of This Strategic Report: –https://reportocean.us/sample-request/report_id/BIZWIT1572
By End User:
Hospitals & Clinics
Ambulatory Care Settings
Home Care Settings
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Request Free Sample Report (Exclusive Offer on this report): –https://reportocean.us/sample-request/report_id/BIZWIT1572
This report answers the following key questions:
- How big is the market as a whole in 2021? What rate of market expansion is anticipated between 2022 to 2030?
- Which region would experience a high demand for goods in the years to come?
- What are the variables promoting the market’s expansion?
- Which sub-market will have the most impact on the market?
- What market opportunities exist for established and new players?
- What different short-term and long-term tactics have the market players adopted?
With regard to the COVID-19 Outbreak Impact Analysis:
- In light of COVID-19, the report examined market trends.
- On the basis of the upstream and downstream markets, the study examined COVID-19’s effects on the manufacturing industry’s supply chain.
- We examine how COVID-19 has affected diverse regions and significant nations.
- It is noted how COVID-19 will affect the industry’s future growth.
Examined in the study are:
- Market behavior, risk, and opportunity levels
- An assessment of end-industry behavior and opportunity
- An anticipated timeline for industry recovery.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
Request Full Report –https://reportocean.us/sample-request/report_id/BIZWIT1572
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom-line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.us/