Global Implantable Infusion Pumps Market Size Share, Size, Growth Opportunities: Industry Outlook: Post COVID Investors Eye Bigger-Than-Expected | ICU Medical, Inc., B. Braun Melsungen AG, Fresenius Kabi AG, Medtronic, Smiths Medical, TERUMO CORPORATION

According to Data Bridge Market Research new Market report, global implantable infusion pumps market will account to an estimated USD 12579.90 million in 2018 growing at a CAGR of 5.87% during the forecast period of 2019 to 2026.

Global Implantable Infusion Pumps market report also enriches with historic data, present market trends, market environment, technological innovation, upcoming technologies and the technical progress in the related industry. With such data and facts it becomes easy to have an actionable ideas, enhanced decision-making and better mapping business strategies. Thus, the consistent and extensive market information of this report will definitely help grow business and improve return on investment (ROI). To bestow clients with the most excellent results, Implantable Infusion Pumps market research report has been generated by using integrated approaches and latest technology.

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Few of the major market competitors currently working in the implantable infusion pumps market are BD, Baxter, ICU Medical, Inc., B. Braun Melsungen AG, Fresenius Kabi AG, Medtronic, Smiths Medical, TERUMO CORPORATION, Moog Inc., F. Hoffmann-La Roche Ltd, O&M Halyard or its affiliates., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Micrel Medical, Insulet Corporation.

Key Developments in the Market:

In February, 2018, Becton Dickinson (BD) acquired C. R. Bard in a deal worth USD 24billion.

In February, 2017,Insulet which is an innovative medical device company, has acquired U.S. Manufacturing facility in Acton, Massachusetts to start a U.S. manufacturing location in the United States.

In September, 2017, Fresenius Kabi acquired Merck KGaA’s biosimilars business
FACTORS DRIVING GROWTH IN IMPLANTABLE INFUSION PUMPS MARKET

Rising of Incidence Rate of Cancer

According to WHO, in 2018 18.4 % of people died from lung cancer, 9.2% from colorectal cancer, 8.2% from stomach and liver cancer respectively, 6.6% from breast cancer, 5.3% from oesophagus cancer, 4.5% from pancreas cancer, 3.8% from prostate and 35.8% from other cancers. Approximately, 9555027 deaths happened in 2018.
In U.S. approximately 891thousand new cancer cases will be there in 2019 among women and approximately 870 thousand cases among man in 2019. It is estimated that around 1762450 new cancer cases will be there in 2019.

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Segmentation: Global Implantable Infusion Pumps Market

By Product

(Piston Type Infusion Pumps, Creeping Type Infusion Pumps),

Application

(Cancer Treatment, Spasticity, Analgesia, Diabetes Mellitus, Others),

End-User

(Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others),

Geography

(Europe, North America, Asia Pacific, South America and Middle East & Africa.)

Market Drivers:

Global rising of incidence rate of cancer, diabetes and obesity
Increase in implantable drug delivery techniques in the surgeries acts as a market driver

Market Restraints:

Product recalls and strict regulations for new products acting as a major market restraint
Strict FDA policies for the approval of implantable infusion pumps
Patient safety risks and medication errors in drug delivery related with implantable infusion pumps in the desired sites

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