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Infusion Pumps & Accessories Market Growing At A CAGR of 5.6% to 2023|Key Players Baxter International Inc., B.Braun Melsungen,Fresenius SE & Co.,Smiths Medical,Johnson & Johnson,Becton, Dickinson and Company,ICU Medical, Inc.,CME Medical UK Limited,Moog,

02-14-2019 11:39 AM CET | Health & Medicine

Press release from: Qurate Business Intelligence

Infusion Pumps & Accessories Market Growing At A CAGR of 5.6%

The global infusion pumps & accessories market is estimated to reach USD 9,512 million at a CAGR of 5.6% to 2023. The major factors that drive the growth of the market include high prevalence of chronic diseases, rise in adoption rate of portable infusion pump to reduce hospital expenditure, increase in geriatric population, wide range of applications of infusion pumps, and development of the home healthcare market. However, several errors associated with infusion pumps leading to product recalls and stringent government regulations for the approval of pumps hamper the market growth. Conversely, development of efficient medical devices and surge in adoption of infusion systems in the developing economies are expected to offer lucrative opportunities for the market growth during the forecast period.

Scope of the Report:

Global Infusion Pumps & Accessories market report provides an exhaustive evaluation including allowing plans, types, applications, and market drivers, challenges, and chances road-map, significance series, player preferences, and technology. These procedures are employed to verify measurements, CAGR and measure the Global Infusion Pumps & Accessories Market size for fabricating organizations, regional segments, product segments, and also applications (end-users).

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The leading players profiled in this report are Baxter International Inc.,B.Braun Melsungen,Fresenius SE & Co.,Smiths Medical,Johnson & Johnson,Becton, Dickinson and Company,ICU Medical, Inc.,CME Medical UK Limited,Moog, Inc.,Terumo Corporation.

The growth of the global infusion pumps & accessories market is majorly driven by increase in prevalence of chronic diseases such as diabetes and gastrointestinal disorders. Other factors that boost the market growth include rise in geriatric population, surge in demand of portable infusion pump to minimize hospital expenditure, increase in awareness towards home healthcare, and numerous applications of infusion pumps. However, stringent government regulations for the approval of devices and occurrence of errors during infusion therapies have led to many product recalls, which impede the market growth. Conversely, rise in adoption of infusion pumps in the emerging economies and development of advanced infusion pumps are expected to provide numerous opportunities for the market growth in the near future.

The global infusion pumps & accessories market is segmented based on product, application, end user, and region. Based on the product, the market is bifurcated into devices & pumps and accessories & consumables. Accessories & disposables segment accounted for the largest market share is expected to continue this trend throughout the forecast period.
Global Infusion Pumps & Accessories Market report offers incisive information in a detailed manner related to key aspects of the market that are expected to have a computable impact on developmental prospects of the market over the forecast period. The major growth drivers, challenges, and trends prompting the market are examined thoroughly. An in-depth qualitative and quantitative data in relevance with projected impact of these factors on market’s future growth prospects are exhibited in the report.

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The regional analysis of Global Infusion Pumps & Accessories Market is considered for the key regions such as North America, South America, Asia & Pacific, Europe, MEA (Middle East and Africa). The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Global Infusion Pumps & Accessories Market Key Benefits:
• This study comprises analytical depiction of the Global Infusion Pumps & Accessories Market, with current trends and future estimations to depict the imminent investment pockets.
• The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
• The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
• Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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Qurate Business Intelligence delivers unique market research solutions to its customers and help them to get equipped with refined information and market insights derived from reports. We are committed to providing best business services and easy processes to get the same. Qurate Business Intelligence considers themselves as strategic partners of their customers and always shows the keen level of interest to deliver quality.

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