Press release
The Volumetric Pumps Market To Walk Along Capturing The SDOH (Social Determinants Of Health)
Increasing prevalence of cancer and other chronic disorders, and rise in number surgical procedures across the globe, are expected to surge demand for volumetric pumps. Additionally, presence of a well-structured regulatory framework for using volumetric pumps in regions such as North America and Europe has been playing an important role in shaping the prospects of the global volumetric pumps market.
The COVID-19 pandemic is having a significant positive impact on the volumetric pumps market, as a result of shortage of infusion pumps to treat patients using nebulization support with rising incidence of dosing-errors cases. To overcome dosing-errors and inaccuracy in delivering drugs, surge in demand for volumetric pumps is being witnessed.
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Companies covered in Volumetric Pumps Market Report
Braun Melsungen AG
Fresenius Kabi AG
Terumo Corporation
ICU Medical, Inc.
Becton, Dickinson and Company
Smiths Medical
Woodley Equipment Company Ltd.
Mindray Medical International Ltd.
ADOX S.A
Sino-Hero (Shenzhen) Bio-Medical Electronics Co. Ltd.
Guangzhou Huaxi Medical Science Technology Co. Ltd.
ASCOR
Shenzhen Shenke Medical Instrument Technical Development Co. Ltd.
Daiwaha corp. ltd.
CONTEC MEDICAL SYSTEMS Co. Ltd.
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The global volumetric pumps market is estimated to expand at a CAGR of more than 5% over the forecast period (2020-2030)
Key Takeaways from Volumetric Pumps Marker Study
Based on product type, peristaltic pumps dominated the volumetric pumps market, owing to their advantage of lowering dose-error and delivering drugs with accurate flow rates using the peristalsis mechanism.
The chemotherapy/ oncology segment is expected to obtain maximum revenue share over the forecast period, due to rising incidence of cancer and the treatment given in continuous cycles.
Among all end users, the hospitals segment hold a high market revenue share, due to the availability of advanced facilities and experienced
professionals across hospitals around the world.
The COVID-19pandemic crisis is having a positive effect on the demand for volumetric pumps across the world.
"Rising incidence of dosing-error cases and inaccuracy in drug delivery are expected to shift preferences toward advanced volumetric pumps, which will propel the growth of the global volumetric pumps market over the coming years," says a PMR analyst.
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