Infusion Pump Market to Cross US$ 15.89 Billion by 2023 Investment Led by North America and Europe

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).

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The infusion pumps market is expected to reach USD 15.89 billion by 2023 from USD 11.90 billion in 2018, at a CAGR of 6.0%. 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.

Market Overview
Market Drivers
1 Rising Demand for Ambulatory Infusion Pumps
2 Increasing Incidence of Chronic Diseases Along With the Rapid Growth in the Geriatric Population
3 Growing Number of Surgical Procedures Performed

Market Restraints
1 Frequent Product Recalls of Infusion Pumps
2 Stringent Regulatory Requirements for New Products
3 Increasing Adoption of Refurbished and Rental Infusion Pumps

Market Opportunities
1 Emerging Markets
2 Growing Adoption of Specialty Infusion Systems

“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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Geographically, infusion pumps market segmented into North America, Europe, Asia Pacific, Latin America, & Middle East & Africa. In 2017, North America commanded a major share of the infusion pumps market. 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

Premium Insights
1 Infusion Pump: Market Overview
2 APAC: Infusion Pump Market, By End User (2017)
3 Geographical Snapshot of the Infusion Pump Market
4 Infusion Pump Market: Geographic Growth Opportunities
5 Infusion Pump Market: Developing vs Developed Countries

Industry Insights
1 Introduction
2 Porter’s Five Forces Analysis
3 Threat of New Entrants
4 Threat of Substitutes
5 Bargaining Power of Suppliers
6 Bargaining Power of Buyers
7 Intensity of Competitive Rivalry
8 Product Benchmarking

Geographically, infusion pumps market is segmented into North America, Europe, Asia Pacific, Latin America, & Middle East & Africa. In 2017, North America commanded a major share of the infusion pumps market. Asia Pacific is expected to witness the highest growth during the forecast period.

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The report analyzes the various types of infusion pumps in the market and their adoption patterns. It aims at estimating the market size and future growth potential of the infusion pumps market for different segments such as product, application, end user, and region. The 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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