Global $15+ Billion Infusion Pump Market to 2023, Competitive Dynamics, Value, Outlook, Trends and Growth Factors Details for Business Development
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Pune, India – November 5, 2019 /MarketersMedia/ —
World Infusion Pump Market Report is a professional and in-depth study on the market overview, market dynamics, competitive analysis and leading players strategies.
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Key Players: Becton, Dickinson and Company (US), Baxter (US), ICU Medical (US), B. Braun (Germany), Fresenius Kabi (Germany), Medtronic (Ireland), Smiths Medical (US), Terumo Corporation (Japan), Moog (US), Roche Diagnostics (Switzerland), Halyard Health (US), Mindray Medical (China), Micrel Medical Devices SA (Greece), and Insulet Corporation (US).
Analysis of Global Infusion Pump Market by Product (Volumetric, Insulin, Enteral, Syringe, Ambulatory, Implantable, PCA, Accessories), Application (Oncology, Diabetes, Gastroenterology, Pediatrics, Hematology), End User (Hospital, Home Care, ACS) – Global Forecast to 2023
Break of primary participants (Supply Side):
By Company Type – Tier 1: 45%, Tier 2–40%, and Tier 3–15%
By Designation – C Level: 41%, Director Level: 30%, and Others: 29%
By Region – Europe: 32%, North America: 27%, Asia Pacific: 19%,Latin America: 12%, and Middle East and Africa: 10%
Break of primary participants (Demand Side):
By Type of Organization–Hospitals: 35%, Ambulatory Care Settings–28%, and Home Care Settings–22%, and Academic and Research Institutes-15%
By Designation – Hospital Managers: 42%, Clinicians: 31%, and Nurses and Technicians: 27%
By Region –North America: 30%, Europe: 24%, Asia Pacific: 20%, Latin America: 16%, and Middle East and Africa: 10%
“The infusion pumps market is projected to grow at a CAGR of 6.0% between 2018 and 2023”
The infusion pumps market is expected to reach USD15.89 billion by 2023 from USD 11.90 billion in 2018, at a CAGR of 6.0%. The overall growth of the infusion pumps market is largely driven by the increasing incidence of chronic diseases along with the rapid growth in the geriatric population, rising demand for ambulatory infusion pumps, and the growing volume of surgical procedures performed. In addition, untapped, emerging markets such as India and China and the growing adoption of specialty infusion pumps are offering significant growth opportunities for players operating in the infusion pumps market. However, increasing incidence of medication errors and lack of wireless connectivity in most hospitals represents a significant challenge to the market growth.
“APAC to witness the highest growth during the forecast period”
Geographically, the infusion pumps market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America commanded a major share of the infusion pumps market. However, Asia Pacific is expected to witness the highest growth during the forecast period. The significant growth of the Asia Pacific market is mainly attributed to the increasing prevalence of chronic diseases, along with the rising geriatric population, increasing healthcare expenditure, and growing demand for advanced medical technologies in the region.
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Research Coverage:
The report analyzes the various types of infusion pumps in the market and their adoption patterns. It aims at estimating the market size and future growth potential of the infusion pumps market for different segments such as product, application, end user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and market strategies.
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below-mentioned five strategies for strengthening their market position.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios offered by the top players in the infusion pumps market
Product Development/Innovation: Detailed insights on the upcoming trends, research and development activities, and new product launches in the infusion pumps market
Market Development: Comprehensive information about lucrative emerging markets by product, application, end user, and region
Market Diversification: Exhaustive information about new products, growing geographies, recent developments, and investments in the infusion pumps market
Competitive Assessment: In-depth assessment of growth strategies, products, and manufacturing capabilities of leading players in the infusion pumps market.
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