The “Infusion Pumps Market: Opportunity Analysis and Future Assessment 2023-2031″ study, recently released by Reports & Insights, details the market’s size, potential, and in-depth comprehension of the statistics targeted toward the market’s development in an incredibly careful and complete manner. The market size is forecast from 2023 through 2031, with 2021 serving as the study’s base year. The report also includes in-depth market knowledge, a conceptual framework, and current market trends in addition to a precise textual and graphical representation of the market over the forecast period of 2023–2031, developed by the acknowledged market authority using verified research methodologies and tried-and-true analytical approaches.
The global infusion pumps market in 2020 is estimated for more than US$ 13.4 Bn and expected to reach a value of US$ 24.2 Bn by 2028 with a significant CAGR of 7.7%.
Infusion Pumps Introduction
Infusion pumps can be defined as external devices used to deliver the drugs, nutrients, and other important fluids through the intravenous, subcutaneous and arterial routes in the patient’s body in an exact amount and in a precise manner.
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Infusion Pumps Market Key Players
The global infusion pumps market is mainly dominated by Hospira Inc., CareFusion Corporation, Baxter International, and Medtronic Inc. Whereas, some of the other leading key players in the global infusion pumps market are Smiths Medical, Fresenius Kabi AG, Braun Melsungen AG, Terumo Corporation, Nipro Corporation and Codman & Shurtleff, Inc.
Infusion Pumps Market Segmentation
The global infusion pumps market is segmented on the basis of product type, end-user, and region
On the basis of the product type segment, the global infusion pumps market product type segment is sub-segmented into ambulatory, insulin, syringe pumps, volumetric pumps, enteral, implantable, patient-controlled analgesia pumps, and pump accessories. In 2019, the volumetric pumps product type segment is accounted to have the largest market share in terms of value and expected to remain to dominant throughout the forecast period (2020-2028).
Infusion Pumps Market Dynamics
The global infusion pumps market is expected to increase at a significant CAGR% during the forecast period due to the increasing geriatric population, increasing chronicle disorders, and demand for their treatment such as diabetes, chemotherapy, pain management and etc.
Technological advancement and increasing expenditure in the healthcare industry are also some of the major factors which are expected to increase the demand for infusion pumps globally. According to the Population Reference Bureau, the total number of Americans aged 65 or more is projected to more than double by 2060. In January 2016, the Americans who are aged 65 or more approximately 46 million which is 15% of the population, and are expected to be over 98 million which is expected to be 25% of the total population by the year 2060.
Infusion Pumps Market Regional Overview & Analysis
On the basis of region, the global infusion pumps market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America infusion pumps market is expected to be the most dominating market throughout the forecast period. Availability of key players and increasing healthcare expenditure in the region are some of the revenue-boosting factors.
Reports and Insights Overview on Infusion Pumps Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Infusion Pumps market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
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