Europe Infusion Pumps Market - Industry Trends and Forecast to 2029

Europe Infusion Pumps Market, By Product Type (Accessories and Consumables, Devices), Application (Chemotherapy/Oncology, Diabetes Management, Gastroenterology, Pain Management/ Analgesia, Pediatrics/ Neonatology, Hematology, Other Applications), End Use (Hospitals, Home Care Settings, Ambulatory Care Settings, Academic and Research Institutes), Country (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Rest of Europe) Industry Trends and Forecast to 2029.

Market Analysis and Insights: Europe Infusion Pumps Market

Europe infusion pumps market is expected to witness market growth at a rate of 6.05% in the forecast period of 2022 to 2029. Data Bridge Market Research report on Europe infusion pumps market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in healthcare sector globally is escalating the growth of Europe infusion pumps market.

Infusion pumps refer to the medical devices that are utilized during infusion therapies for administrating medications, nutrients and fluids into patient's body in a controlled manner. The infused fluids are defined as the medications or nutrients that are considered vital for therapeutics or medical treatments. Some of the infusion pumps are designed for stationary use and other infusion pumps are portable or wearable.

The increase in the in prevalence of chronic diseases across the region acts as one of the major factors driving the growth of infusion pumps market. The rise in demand for ambulatory infusion pumps in home care settings and surge in number of ICU beds in countries with a high prevalence of COVID-19 accelerate the market growth. The increase in government and non-government initiatives for various chronic disorders such as diabetes and gastrointestinal disorders, and high demand of portable infusion pump to minimize hospital expenditure further influence the market. Additionally, surge in healthcare expenditure, technological advancements, increase in demand for more precision therapies and increase in awareness towards home healthcare positively affects the infusion pumps market. Furthermore, adoption of specialty infusion systems extend profitable opportunity to the market players in the forecast period of 2022 to 2029.

On the other hand, stringent regulatory requirements for new products and adoption of refurbished and rental infusion pumps are expected to obstruct the market growth. The incidence of medication errors and lack of wireless connectivity in most hospitals are projected to challenge the infusion pumps market in the forecast period of 2022-2029
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