A recent market intelligence report that is published by Data Insights Partner on the global Infusion Pumps Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Infusion Pumps Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Infusion Pumps Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Infusion Pumps Market is offered. In accordance with the report, the global Infusion Pumps Market is projected to expand at a CAGR of 3.0 % over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
An Infusion Pump is generally used to provide fluids, nutrients and medication into a patient’s circulatory system. Infusion pumps also play a major role by delivering accurate medication for various health disorders in the most controlled manner.
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There has been a significant growth in the number of cases that suffer from various diseases like, cancer, chronic pain and other diseases of the heart, lung, kidney and liver. High prevalence of diabetes and rising demand for insulin pumps especially in-home care setting are major drivers for the growth of this market globally in the forecast period. Certain type of infusion pumps provides instant monitoring and medication to the patient thereby eliminating the use of manual injections.
The majority of infusion pumps use linear peristaltic technology to deliver fluids to the patient. This could not only hamper the patient care, but may also bring potential threat to the patient. However, if proper training is not provided to the healthcare and medical staff there might be a case of erroneous infusion leading to further health complication and severe complications to the patient. Also, the low class people in the society cannot avail the benefit of Infusion pumps due to high expenses involved. These factors may restrain the growth of global Infusion pump market in the forecast period.
There has been an increase in the number of chronic diseases, geriatric population and presence of many large hospitals especially in the North America region, thereby making it accountable for the largest share of global Infusion Pump market.
Rising investments in research and development by leading manufacturers to bring about innovation and advancements in their existing products will drive the growth of Infusion pump market globally in the forecast period. To enhance patient safety, innovation to develop more sophisticated technology is required that is capable to delivery accurate and consistent fluids to the patient. With an increase in number of adverse effects associated with the use of infusion pumps, FDA has new requirements for the manufactures with regards to the design and testing. Each infusion pump should include a structured, evidence based discussion of what manufacturers use to mitigate risk at each stage of the device’s design cycle. Manufacturers are incorporating various other wireless applications in order to enhance infusion pumps like barcode scanning, Real Time Locating System, PCA pumps etc.
However, at present, the world is gripped with Covid-19 pandemics, wherein some manufacturers have closed production completely, some have seen reduced demands for products and services and others have seen a huge increase in demand. FDA has enforced policy for Infusion Pumps and Accessories During the Coronavirus Disease 2019 (COVID-19) Public Health Emergency. FDA has issued this guidance to provide a policy to help expand the availability and remote capabilities of infusion pumps and their accessories for health care professionals during the COVID-19 pandemic. NHS is keeping an eye on the factor that life-saving care also needs to be available to all COVID-19 patients. Respiratory support equipment is the most obvious need, accompanied by a plethora of equipment necessary for the care of patients with severe symptoms such as infusion pumps, syringe pumps, pump consumables, IV access, ICU equipment, catheters, artificial feeding equipment and hospital beds.
This market intelligence report on the global Infusion Pumps Market encompasses market segments based on product type, application, end users and country/regions.
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In terms of type, the global Infusion Pumps Market is segregated into :
- Infusion Pump
- Implantable Infusion Pump
- Infusion Disposable Sets
- Volumetric Pump
- Syringe Pump
- Ambulatory Pump
By application, the global Infusion Pumps Market is also classified into :
- Chemotherapy / Oncology
- Gastrointestinal Diseases
- Pediatrics / Neonatology
- Pain Management / Analgesia
By end users, the global Infusion Pumps Market is also classified into :
- Ambulatory Surgical Centers
- Homecare Care Settings
By country/region, the global Infusion Pumps Market has been divided into :
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- B Braun Melsungen AG
- 3M Company
- Baxter International Inc.
- Fresenius Kabi AG
- Becton Dickinson
- ICU Medical Inc.
- Terumo Medical Corporation
- CareFusion Corporation
- Hospira Inc.
- Medtronics PLC
- Terumo Corporation
- Nipro Corporation
- Codman & Shurtleff Inc.
- Zyno Medical
- Moog Inc.
- Smiths Medical and many more
Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Infusion Pumps related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Infusion Pumps Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Infusion Pumps Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as B Braun Melsungen AG, 3M, Baxter International Inc., Frsenius Kabi AG, Becton,ICU Medical, Terumo Medical Corporation, CareFusion Corporation, Hospira Inc., Medtronics, Terumo Corporation, Nipro Corporation, Codman & Shurtleff Inc., Zyno Medical, Moog Inc., Smith Medical and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Infusion Pumps Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Infusion Pumps Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
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v Identification of key factors driving investment opportunities in the Infusion Pumps Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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