Global Infusion Pump Market – Overview
The Global Infusion Pumps Market is driven primarily by the growing prevalence of chronic diseases and fatal diseases that require constant monitoring, such as cancer. Infusion pumps are primarily used to achieve precise and regular delivery of the accurate amounts of medication for chronic patients.
This includes substances such as insulin for diabetes patients and chemotherapy drugs for cancer patients. The increasing prevalence of such conditions is the major driver propelling the global infusion pumps market over the forecast period. The increasing demand for infusion pumps in military medical units is also a major driver for the infusion pumps market.
The Global market for Infusion Pump is growing at a steady pace. The various factors that influence the growth of the market are increased use of infusion pumps for the delivery of drugs and other fluids, rising prevalence of chronic and fatal diseases, high demand of the infusion systems in the military medical units, technological advancements from the leading market players. Furthermore, the factors such as patient safety concerns and improper infusion leading to the severe consequences, unmet medical needs in the low-income countries are hamper the growth of the market.
Global Infusion Pumps Market is expected to grow at a CAGR of 5.2 % during forecasted period 2017-2023.
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Global Infusion Pump Market – Dominant Players
Some of the key players in this market are:
BRAUN MELSUNGEN AG
Becton, Dickinson and Company
Fresenius Kabi AG
ICU Medical, Inc
Terumo Medical Corporation
Global Infusion Pump Market – Segments
The global infusion pumps market 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.
Global Infusion Pump Market – Key Finding
The Infusion Pump Market and is expected to reach $9.71 billion by 2023.
Volumetric holds the largest share of 37.1% of the market.
North America holds the largest market share of Infusion pump market and is anticipated to reach $3.49 billion by the end of forecast period.
Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 5.4% during the forecast period.
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Global Infusion Pump Market – Regional Analysis
Globally North America is the largest market for Infusion Pump and is expected to command the largest market share due to advanced technologies are continuously on rise in these countries. North America is expected to reach $3.49 billion by the end of 2023. Europe accounts for the second largest market and is expected to reach nearly $3.11 billion, whereas Asia Pacific with lots of opportunity and continuously growing economies, is expected to be the fastest growing segment with the CAGR of 5.4% during 2017-2023. This rapid growth is majorly due to recent developments in healthcare and improving economies and disposable income per individual. Middle East and Africa with less economic developments and extremely low-income accounts for least market share in 2016 but is expected to grow with better infusion treatment in the countries.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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