The global Intravenous Infusion Pumps market size is expected to be worth around US$ 10.4 billion by 2030, according to a new report by Vision Research Reports.
The global Intravenous Infusion Pumps market size was valued at US$ 8.6 billion in 2020 and is anticipated to grow at a CAGR of 9.9% during forecast period 2021 to 2030.
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Growth Factors
The introduction and development of specialty and smart pumps are imparting crucial growth of the market as they constitute Dose-error Reduction Software (DERS) and customized drug libraries. According to a study conducted by Mindray Medical Company in 2018, medical pumps are the most conventional hospital rentals equipment.
Report Highlights
The insulin infusion pumps are anticipated to witness a CAGR of 9.5% over the forecast period. On the basis of product, the market is segmented into volumetric infusion pumps, syringe infusion pumps, insulin infusion pumps, enteral infusion pumps, ambulatory infusion pumps, patient-controlled analgesia infusion pumps, and implantable infusion pumps.
According to the International Diabetes Federation (IDF), nearly 563 million adults were living with diabetes across the globe in 2020 and this number is anticipated to reach 800 million by 2045. With the growing prevalence of diabetes, devices such as insulin infusion pumps come in handy for people who self-administer insulin on daily basis.
The Paediatrics/Neonatology segment was identified as the largest segment with 37.0% revenue share in 2020 followed by gastroenterology. On the basis of disease indication, the market has been segmented into chemotherapy diabetes, gastroenterology, analgesia/pain management, pediatrics/neonatology, hematology, and others.
Neonatology is a branch of medicine that deals with infants born in/with acute conditions, including prematurity, low birth weight, intrauterine growth restriction, congenital malformations (birth defects), sepsis, pulmonary hypoplasia, or birth asphyxia.
North America dominated the intravenous infusion pumps market and accounted for the largest revenue share of 59.3% in 2020. The segment is expected to maintain its growth rate over the forecast period. This can be attributed mainly to factors such as developed medical infrastructure, high chronic disease burden, and advancements in infusion technology.
| Report Coverage | Details |
| Market Size | US$ 10.4 billion by 2030 |
| Growth Rate | CAGR of 9.9% From 2021 to 2030 |
| Base year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Disease indication |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Baxter International, B. Braun Melsungen AG; Medtronic; Micrel Medical Devices SA; Boston Scientific Corporation; CareFusion Corporation; Fresenius Kabi; Smiths Medical |
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Key Players
Market Segmentation
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Intravenous Infusion Pumps market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Intravenous Infusion Pumps market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Intravenous Infusion Pumps industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Intravenous Infusion Pumps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Intravenous Infusion Pumps market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Intravenous Infusion Pumps market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Intravenous Infusion Pumps market. These factors have benefited the growth of the global market for Intravenous Infusion Pumps. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Intravenous Infusion Pumps. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Intravenous Infusion Pumps are as follows:
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
The study objectives of this report are:
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