Infusion Pump Market Outlook And Analysis By Type, By Application And By End User- Forecast to 2027.
A recent report on the market for infusion pumps has been released, according to Market Research Future (MRFR). The study provides a precise picture of the infusion pumps market's current data and future growth prospects (2022-2027). According to the analysis, the global market for infusion pumps will develop at a strong 8.2% rate from 2022 to 2027, reaching a value of USD 18.30 billion
The rise in deadly and chronic diseases that need ongoing monitoring, such cancer, is a major factor driving the global market for infusion pumps. For chronic patients, infusion pumps are typically used to provide medication in exact doses on a regular basis. This covers chemicals like insulin for those with diabetes and chemotherapy treatments for people with cancer. The main factor boosting the worldwide infusion pumps market throughout the predicted period is the rising occurrence of such illnesses. Another significant factor driving the infusion pumps market is the rising need for infusion pumps in military medical units.
Competitive Analysis:
Leading players in the global infusion pumps market include
Baxter
Fresenius Kabi AG
Smiths Medical
3M
Terumo Medical Corporation
- Braun Melsungen AG
ICU Medical Inc.
and Becton
Dickinson
and Company.
Segmental Analysis:
The global infusion pumps market share has been segmented on the basis of type, application, and end use.
On the basis of type, the global infusion pumps market has been segmented into volumetric pumps, syringe pumps, ambulatory pumps, and others. Volumetric pumps dominated the global infusion pumps market in 2016 and are likely to account for the largest market share over the forecast period.
By application, the infusion pumps market is segmented into chemotherapy, diabetes, gastrointestinal diseases, pediatrics, and others. Chemotherapy accounted for the largest share in the global infusion pumps market in 2016 and is likely to remain a major contributor over the forecast period due to the growing threat of cancer around the world.
By end use, the global infusion pumps market has been segmented into hospitals, ambulatory surgical centers, home care, and others. Hospitals dominated the global infusion pumps market in 2016, and is likely to remain the leading contributor over the forecast period. The home care segment could also emerge as a key player in the global infusion pumps market over the forecast period due to the growing popularity of home care for a wide variety of diseases.
Regional Analysis:
Geographically, the global infusion pumps market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
North America is likely to lead the global infusion pumps market over the forecast period due to the widespread prevalence of cancer and diabetes and the easy availability of advanced treatment systems such as infusion pumps. The advanced healthcare sector in North American countries such as the U.S. and Canada is likely to be a major driver for the infusion pumps market in the region over the forecast period. Europe is likely to follow North America in the global infusion pumps market, with both regional markets likely to reach values of more than USD 3 billion by 2023.
The Asia Pacific market for infusion pumps is expected to exhibit the fastest growth over the forecast period, at a robust 5.4% CAGR. The growing prevalence of chronic conditions in APAC as well as the steady development of the healthcare sector in developing countries such as China, India, Korea, etc. are likely to drive the infusion pumps market in APAC over the forecast period. The Middle East and Africa market’s share in the global infusion pumps market is likely to remain little more than nominal over the forecast period, though steady growth is expected in the healthcare sector in the region.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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