Press release
Infusion Pumps Market Size, Share, Growth, Revenue, CAGR Status, Industry Analysis, Revenue Expectation to 2028
The major factors driving the growth of the global intravenous infusion pump market are the rising geriatric population and increasing prevalence of chronic diseases. Additionally, increasing adoption of portable infusion pumps to reduce hospital costs is expected to complement the growth. However, patient safety risks and medication errors associated with infusion pumps limit the growth of the intravenous infusion pump market. Conversely, technological advancements in infusion pumps are expected to create lucrative opportunities for key market players during the forecast period.
Global demand for Infusion Pumps market is expected to grow at a CAGR of 9.6% from 2023 to 2028. The global market for Infusion Pumps is currently valued at US$ 12.50 billion and is expected to reach US$ 24.57 billion by the end of 2028.
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COVID 19 Impacts:
The COVID-19 pandemic has drastically changed the dynamics of the global market in terms of production, supply chains, and financial markets. The report offers complete analysis of the global market pre and post COVID outbreak considering political, social, economic and technological parameters.
Competitive Landscape:
The research report sheds light on competitive landscape of the global market with details of every market player and its activities such as license agreement, global standing, economic activity and plans, and revenue generation among others. The global market is highly fragmented and consists of key players operating at regional and global level. These key players are adopting various strategies such as joint ventures, collaborations, R&D investments, and mergers and acquisitions to gain robust footing in the market.
Market Dynamics:
The report looks at historical evidence as well as current technology for accessing primary driving forces that can impact global Infusion Pumps market growth. It inspects a variety of market prospects such as benefits, product pricing, supply, demand, and growth rate. In addition, the study provides a variety of financial aspects such as shares, expenses, profits, and sales in order to help users with detailed market understanding.
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Infusion Pumps Market Segment by Key Players-> Becton, Dickinson and Company, Baxter International, B. Braun, ICU Medical, Fresenius Kabi, Smiths Medical, Medtronic PLC, Moog Inc., Avanos Medical, Inc, and others.
Global Market Segmentation:
The global market is segmented on the basis of type, application:
Infusion Pumps Market By Technology, 2019-2028, (IN USD Million)
Traditional
Specialty
Infusion Pumps Market By Application, 2019-2028, (IN USD Million)
Cancer
Diabetes
Infusion Pumps Market By Setting, 2019-2028, (IN USD Million)
Hospital
Infusion Pumps Market Segment By Region
North America
US
Canada
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Silent Features of the report:
Detailed analysis of the global Infusion Pumps market in terms of drivers, restraints, growth opportunities, challenges and risks
Latest development and trends of the global market
Historical, current and forecast market size, share
Competitive landscape and strategic alliances of key companies
Impact of COVID-19 on the Infusion Pumps industry
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Report Overview
The global intravenous infusion pump market was valued at $4,154.30 million in 2020, and is estimated to reach $8,147.20 million by 2030, growing at a CAGR of 7.10% from 2023 to 2032. An intravenous infusion pump is a medical tool used to administer drugs or nutrients directly into a patient's bloodstream. These are frequently seen in medical facilities since they are frequently utilised to transport drugs in precise quantities.
The…
