Something went wrong with the connection!

Infusion Pump Market Size to Reach USD 20.21 Billion by 2027 | Reports And Data

 Breaking News
  • No posts were found

Infusion Pump Market Size to Reach USD 20.21 Billion by 2027 | Reports And Data

April 09
18:38 2021
Infusion Pump Market Size to Reach USD 20.21 Billion by 2027 | Reports And Data

Infusion Pump Market
The study methodologies used to examine Infusion Pump Market for the forecast period, 2020 – 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.

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.

Key participants 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.

To Get Sample Copy of Report visit @ https://www.reportsanddata.com/sample-enquiry-form/572

The COVID-19 impact:


With Covid-19 infections increasing across the globe, the apprehensions of the shortage of essential life-saving devices and other necessary medical supplies to provide optimum care to the infected and prevent the spread of this pandemic also widens. Moreover, till treatment is developed, ventilators act as a critical treatment preference for the COVID-19 patients, who shall require essential care. Furthermore, there is a dire need for rapid manufacturing processes for a wide range of test-kits, including self-administered, antibody tests, and others.

For the purpose of this report, Reports and Data have segmented the global infusion pump market on the basis of product, application, end-user industries, and region:

 

Product Outlook (Revenue, USD Million; 2017-2027)

  • Accessories & Consumables
  • Devices

 

Application Outlook (Revenue, USD Million; 2017-2027)

  • Chemotherapy/Oncology
  • Diabetes
  • Gastroenterology
  • Analgesia/Pain management
  • Hematology
  • Others

 

End-User Outlook (Revenue, USD Million; 2017-2027)

  • Hospitals
  • Home Care Settings
  • Ambulatory Care Settings
  • Academic & Research Institutes

 

Regional Outlook (Revenue, USD Million; 2017-2027)

  • North America
    • U.S
  • Europe
    • U.K
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

Read more at: 

 

Further key findings from the report suggest

  • The usage of insulin pumps for managing diabetes at home has increased because of the increasing number of diabetic patients, thereby propelling the growth of the insulin pump market.
  • The enteral infusion pumps are an advanced infusion pump that is used to reduce dosage errors during the transfer of fluid nutrients and medications to a patient’s digestive system.
  • Among the application segment of this market, chemotherapy is growing at the highest rate of 7.5% during the forecasted period owing to an increasing number of cancer patients and increased use of infusion pumps for the administration of medications to these patients.
  • Hospitals are expected to register a huge growth owing to various factors like the expertise availability, a rise in the number of surgical procedures, and high purchasing power to buy infusion equipment.
  • North America is one of the prime contributors to the market growth because of the presence of well-established healthcare sectors in the region, the high adoption rate of specialty infusion pumps for the treatment of chronic diseases, and the rising geriatric population.

 

Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Infusion Pump Market Segmentation & Impact Analysis
    4.1. Infusion pump Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Rising demand for ambulatory infusion pumps in home care settings
                    4.2.2.2. Increasing incidence of chronic diseases along with the rapid growth of the geriatric population
                    4.2.2.3. Growing number of surgical procedures performed
          4.2.3. Market restraints analysis
                   4.2.3.1. Product recalls
                   4.2.3.2. Stringent regulatory requirements for new products
                   4.2.3.3. Increasing adoption of refurbished and rental infusion pumps
    4.3. Technological Insights
    4.4. Regulatory Framework

Continued…

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/572

Thank you for reading our report. To receive further information on the report or to enquire about its customization, please get in touch with us and get your report tailored according to your needs.

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Media Contact
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Phone: +1-212-710-1370
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States
Website: https://www.reportsanddata.com/press-release/global-infusion-pump-market

Related Articles