The Infusion Pump market is expected to witness a CAGR of around 8% during the forecast period (2021–2027).
A comprehensive overview of the Infusion Pump market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the infusion pump market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels.
Market Overview
The Infusion Pump market is expected to witness a CAGR of around 8% during the forecast period (2021–2027). An infusion pump is a medical device that delivers fluids, such as nutrients and medications, into a patient’s body in controlled amounts. Infusion pumps are used in hospitals & clinics, nursing homes, and the home. This is mainly due to the rising demand for ambulatory infusion pumps in-home care settings, the increasing incidence of chronic diseases, and the rapid growth of the geriatric population.
Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=20703
COVID-19 Impact
COVID-19 resulted in a global burden of healthcare infrastructure as the majority of elective healthcare treatments were postponed. However, the infusion pump industry has seen an increase in growth. Infusion pumps and ventilators, which are used in ICUs, CCUs, and emergency departments, were critical during the pandemic. The shift in demand for medical devices has compelled market players to strategize their manufacturing capabilities, concentrate on new product development, and seek out optimal supply chain strategies focused on COVID-19 essentials. On the other hand, while the impact of COVID-19 on the infusion pump market is significant in comparison to other medical device markets, timely development and implementation of contingency plans is critical for business operations, particularly for key imported raw materials.
The infusion pump market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily bifurcated into:
· Devices
o Volumetric Infusion Pumps
o Insulin Pumps
o Enteral Infusion Pumps
o Syringe Infusion Pumps
· Others
Based on type, the market is classified into devices and accessories. Amongst them, in 2020, the devices category dominated the market and is expected to maintain its dominance throughout the forecast period. This is mainly due to the rising incidence of diabetes, chemotherapy, gastroenterology, pain management, etc. Additionally, the market growth is driven by the rising geriatric population, coupled with an unhealthy lifestyle across the globe. According to the world health organization Around, 422 million people worldwide have diabetes, the majority living in low-and middle-income countries, and 1.5 million deaths are directly attributed to diabetes each year. Both the number of cases and the prevalence of diabetes have been steadily increasing over the past few decades.
By Application, the market is primarily bifurcated into:
· Diabetes
· Oncology
· Pain Management
· Others
Based on application, the market is classified into diabetes, oncology, pain management, and others. Amongst them, in 2020, the diabetes category is estimated to witness the highest CAGR for the forecast period. This is mainly due to the rising prevalence of diabetes and the increasing demand for insulin pumps for the management of diabetes in hospitals and home care settings. In addition, oncology category is expected to hold a significant share in the market owing to the rising number of cancer patients worldwide. For instance, as per WHO, cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020.
By End-User, the market is primarily bifurcated into:
· Hospitals & Clinics
· Ambulatory Surgery Centers (ASC)
· Others
Based on end-user, the market is bifurcated into hospitals and clinics, hospitals & clinics, ambulatory surgery centers (ASC), and others. In 2020, the hospitals and clinics category accounted for the majority share in the global market. This is can be ascribed to the fact that hospitals and clinics are the first step in disease diagnosis. Thus, infusion pumps are complex process, requiring expensive and advanced devices and equipment that are mainly found in hospitals. Additionally, the large number of patients treated at hospitals, and the availability of trained professionals to operate infusion pumps.
Infusion Pump market Geographical Segmentation Includes:
· North America
Ø United States
Ø Canada
Ø Rest of North America
· Europe
Ø Germany
Ø U.K.
Ø France
Ø Italy
Ø Spain
Ø Rest of Europe
· Asia-Pacific
Ø China
Ø Japan
Ø India
Ø Rest of Asia-Pacific
· Rest of World
For a better understanding of the market adoption of the Infusion Pump industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Italy, Spain, and the Rest of Europe); Asia-Pacific (China, Japan, India, Rest of Asia-Pacific); and the Rest of World. In 2020. North America held the extensive market share owing to the increasing prevalence of chronic diseases such as diabetes, CVDs, in younger population coupled with the rising geriatric population in the region. According to the US Census Bureau analysis, the elderly population is expected to nearly double in the next 25 years. In addition, according to World Population Ageing, in 2019, the elderly population of North America was 59.9 million which is expected to reach 96.2 million by 2050.
Ask for Report Customization @ https://univdatos.com/get-a-free-sample-form-php/?product_id=20703
The major players targeting the market includes:
· Becton, Dickinson and Company
· Baxter International
· B. Braun
· ICU Medical
· Fresenius Kabi
· Smiths Medical
· Medtronic PLC
· Avanos Medical, Inc.
· Nipro Corporation
· Terumo Corporation
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the infusion pump market industry. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the infusion pump market industry?
· Which factors are influencing the infusion pump market industry over the forecast period?
· What are the global challenges, threats, and risks in the infusion pump market?
· Which factors are propelling and restraining the infusion pump industry?
· What are the demanding global regions of the infusion pump market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.
For more informative information, please visit us @ https://univdatos.com/report/infusion-pump-market/
Table of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL INFUSION PUMP MARKET COVID-19 IMPACT
6 GLOBAL INFUSION PUMP MARKET REVENUE (USD BN), 2019-2027F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY END-USER
10 MARKET INSIGHTS BY REGION
11 INFUSION PUMP MARKET DYNAMICS
12 INFUSION PUMP MARKET OPPORTUNITIES
13 INFUSION PUMP MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
Contact us:
UnivDatos Market Insights (UMI)
Email: sales@univdatos.com
