Infusion Pumps Market size was valued at USD 9.92 Bn. in 2022 and the total Infusion Pumps revenue is expected to grow at a CAGR of 8.8% from 2023 to 2029, reaching nearly USD 17.91 Bn.
Infusion Pumps Market Overview:
The Infusion Pumps market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Infusion Pumps Market, as well as the causes for variances in the industry’s growth across a variety of sectors.
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Market Scope:
Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
Drivers:
Over time, there have been a large number of more surgeries performed globally. This can be attributed to a growing elderly population as well as increased rates of obesity and other lifestyle-related diseases. Cardiovascular and orthopedic diseases are significantly influenced by obesity. In addition to increasing the risk of ischemic stroke, type 2 diabetes mellitus, joint and tissue damage, breast, colon, prostate, endometrial, kidney, and gallbladder cancer, obesity also increases the risk of coronary heart disease. For the continuous and controlled delivery of drugs during and after many different types of surgery, infusion pumps are crucial.
Segmentation:
by Type
Volumetric Pumps
Syringe Pumps
Elastomeric Pumps
Insulin Pumps
Enteral Pumps
Implantable Pumps
Patient Control Analgesia (PCA) Pumps
by Application
Chemotherapy/Oncology
Diabetes Management
Gastroenterology
Pain Management Analgesia
Pediatrics/ Neonatology
Hematology
Other Applications
by End-User
Hospitals
Home Care Settings
Ambulatory Care Settings
Academic and Research Institutes
Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Infusion Pumps market are as follows:
1. Becton, Dickinson and Company (US)
2. Baxter International Inc. (US)
3. ICU Medical, Inc. (US)
4. Smiths Medical (US)
5. Moog Inc. (US)
6. Avanos Medical, Inc. (US)
7. Insulet Corporation (US)
8. Tandem Diabetes Care (US)
9. InfuTronix Solutions LLC (US)
10. Zyno Medical LLC (US)
11. Teleflex, Inc. (US)
12. CODAN Medizinische Geräte GmbH & Co KG (Germany)
13. B. Braun (Germany)
14. Fresenius Kabi (Germany)
15. Medtronic PLC (Ireland)
16. Ypsomed Holding AG (Switzerland)
17. Roche Diagnostics (Switzerland)
18. Micrel Medical Devices SA (Greece)
19. Nipro Corporation (Japan)
20. Terumo Corporation (Japan)
21. JMS Co., Ltd. (Japan)
22. SOOIL Development Co., Ltd. (South Korea)
23. Shenzhen MedRena Biotech Co., Ltd. (China)
24. Mindray Medical International Limited (China)
25. Epic Medical (Singapore)
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Infusion Pumps market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Infusion Pumps Market:
End-user industries where Infusion Pumps are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Infusion Pumps manufacturers, harming the Infusion Pumps market’s growth in 2020. End-user business demand for Infusion Pumps has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.
Key Questions Answered in the Infusion Pumps Market Report are:
- In 2023, which segment accounted for the most share of the Infusion Pumps market?
- What is the competitive landscape of the Infusion Pumps market?
- What are the key factors influencing Infusion Pumps market growth?
- In the Infusion Pumps market, which region has the most market share?
- What will be the CAGR of the Infusion Pumps market during the forecast period (2023-2029)?
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