Healthcare

Growth of Infusion Pump Market to 2023 Revenue Grows Upto US$ 15.89 Billion by 2023 – Share, Size, Key Manufacturers

Geographically, infusion pumps market dominated by North America, Europe, Asia Pacific, Latin America, & Middle East & Africa. North America commanded a major share of infusion pumps. Asia Pacific expected to witness highest growth during forecast period.

The infusion pumps market to grow at at 6.0% CAGR and projected to reach USD 15.89 billion by 2023 from USD 11.90 billion in 2018. However, Asia Pacific is expected to witness highest growth during forecast period. Significant growth of Asia Pacific market mainly attributed to increasing prevalence of chronic diseases

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The overall growth of the infusion pumps market is largely driven by the increasing incidence of chronic diseases along with the rapid growth in the geriatric population, rising demand for ambulatory infusion pumps, and the growing volume of surgical procedures performed.

“The insulin pumps segment is expected to grow at the fastest rate during the forecast period”

Study estimates infusion pump market size for 2018 & projects its demand till 2023. Top-down and bottom-up approaches were used to validate size of market & estimate size of other dependent submarkets. Various secondary sources like directories, industry journals, databases (such as D&B Hoovers, Bloomberg Business, & Factiva), & annual reports of companies have been used to identify and collect information useful for study of infusion pumps market.

“The insulin pumps segment is expected to grow at the fastest rate during the forecast period”. The insulin infusion pumps segment is expected to register the highest CAGR during the forecast period. The growth of insulin pumps segment can be primarily attributed to the increasing prevalence of diabetes, coupled with the growing demand for management of insulin at home.

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The players competing in infusion pumps market are Becton, Dickinson and Company (US), Baxter (US), ICU Medical (US), B. Braun (Germany), Fresenius Kabi (Germany), Medtronic (Ireland), Smiths Medical (US), Terumo Corporation (Japan), Moog (US), Roche Diagnostics (Switzerland), Halyard Health (US), Mindray Medical (China), Micrel Medical Devices SA (Greece), and Insulet Corporation (US).

Objectives of the Study

  • To define, describe, and forecast the global infusion pump market on the basis of product, application, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To forecast the size of the infusion pumps market, in five main regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market players
  • To profile key players in the global infusion pump market and comprehensively analyze their core competencies and market shares
  • To track and analyze competitive developments such as acquisitions; expansions; product launches and upgrades; and collaborations, agreements, and partnerships of the leading players in the global infusion pumps market

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Report analyzes various types of infusion pumps in market & their adoption patterns. It aims at estimating market size & future growth potential of infusion pumps market for different segments such as product, application, end user, and region. Report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and market strategies.

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