Portable Infusion Pump Market by Keyplayers and Vendors:B. Braun Holding GmbH & Co. KG, Advanced
The global intravenous infusion pump market was valued at $4,154.30 million in 2020, and is estimated to reach $viii,147.twenty meg by 2030, growing at a CAGR of vii.10% from 2021 to 2030.Intravenous infusion pump is a medical device used to infuse medications or nutrients into a patient's circulatory organisation. These are commonly found in a medical settings, every bit they are widely used in transferring medications in authentic dosages.
The COVID-19 pandemic has led to an increase in the need for intravenous infusion pumps and related systems, as majority of the hospitalized patients, especially those in ICUs, are medicated via intravenous infusion pumps due to their ability to evangelize precise doses automatically at set times.
The cardinal factors that bulldoze the growth of the global intravenous infusion pump market are increase in geriatric population and rise in prevalence of chronic diseases. In addition, surge in adoption of portable infusion pumps to reduce hospital expenditure is expected to supplement the growth. However, patient safety risks and medication errors related to infusion pumps restrict the intravenous infusion pump market growth. Conversely, technological advancements in infusion pumps are expected to create lucrative opportunities for central market place players during the forecast period.
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Infusion pumps such equally convalescent chemotherapy pumps, implantable pumps, and insulin pumps are useful for managing various diseases, such as cancer and diabetes, in dwelling house care settings. Furthermore, ambulatory infusion pumps are designed to exist portable or wearable. In addition, infusion pumps are used to evangelize fluids such as nutrients, medicines, and antibiotics in a patient'southward body precisely and under a controlled environment. They are commonly used in hospitals, ambulatory surgery centers, dwelling house settings, infusion clinics, and long-term care facilities. In the last few years, the demand for dwelling house healthcare has increased significantly, owing to high prevalence of chronic diseases and rise in healthcare expenditure, majorly on hospitalization. Home healthcare provides patients with an affordable option compared to expensive infirmary care, which, in plow, helps reduce the public expenditure on healthcare services. With the increasing need to reduce hospital stays, patients are increasingly adopting ambulatory infusion pumps that are cheaper than most other infusion pumps as well as easier to use. Thus, all these factors collectively boost the need for infusion pump products, thereby augmenting the intravenous infusion pump market growth.
Infusion pumps and ventilators can exist considered disquisitional devices, as these devices are used in ICUs, CCUs, and emergency departments. IV infusion is a common need in COVID wards. Infusion pumps are used in hospitals and other emergency centers to command and deliver doses of medication, and considering they can be set up to do this without constant supervision, they allow doctors and nurses to treat patients with minimal exposure to infection. Hence, the need for infusion pumps grew significantly in 2020. This made the supply and distribution of infusion pumps a major challenge.
Owing to increase in spending on long-term care, the preference for homecare settings has been rising essentially. Ambulatory infusion pumps in homecare settings are more in demand due to rise in expenditure majorly on hospitalization and increase in prevalence of chronic diseases. Increase in the charge per unit of adopting convalescent infusion pumps and rise in demand to reduce hospital stays are critical factors for surge in need for ambulatory infusion pumps in homecare settings.
Intrvenous Infusion Pump Market Segmentation
The global Intravenous infusion pump market is segmented into blazon, application, cease user and region. By type, the market is categorized into volumetric infusion pumps, syringe infusion pumps, and patient controlled analgesia infusion pumps. The applications covered in the study include oncology, parenteral diet, analgesia/pain direction, and others. On the basis of end user, the market is segregated into hospitals & clinics, home healthcare, and others.
Intravenous Infusion Pump Market place
By Type
Volumetric Infusion Pumps segment holds the dominant position in 2020 and would go on to maintain the lead over the forecast period.
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Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, French republic, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, Cathay, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Segment review
Depending on blazon, the volumetric infusion pumps segment was the major acquirement contributor in 2020, and is predictable to remain dominant during the forecast period. This is attributed to increment in adoption of technologically advanced volumetric infusion pumps that showroom the capabilities such as electronic health record (EHR) integration, built-in safety systems, too as drug library, which is a listing of drugs stored in the smart pump's memory, serving as a central tool to prevent medication errors. Moreover, as the socio-economic prospect of developing countries is improving, more people are expected to be able to opt for the use of volumetric pumps in abode healthcare, which is the key driving cistron of the volumetric infusion pump segment. On the basis of application, the oncology segment led the market in 2020, and is anticipated to maintain its lead during the forecast flow. This is attributed to ascension in prevalence of cancer, every bit these pumps are extensively used to administer drugs during handling of these diseases.
Intravenous Infusion Pump Market place
Past Application
Oncology segment is projected equally one of the nearly lucrative segments.
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On the basis of end user, the hospitals & clinics segment led the market in 2020, and is anticipated to maintain its lead during the forecast period. This is attributed to the availability of smart and advanced intravenous infusion pumps in hospitals along with high prevalence of chronic diseases and ascension in healthcare expenditure.
Intravenous Infusion Pump Marketplace
Past Cease User
Hospitals & Clinics segment holds the dominant position in 2020 and would continue to maintain the lead over the forecast catamenia.
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North America was the largest shareholder in the global intravenous infusion pump market in 2020, owing to its well-established healthcare infrastructure, favorable reimbursement, high chronic affliction burden, advancements in infusion engineering, and supportive regime regulations for product commercialization. However, Asia-Pacific is predictable to register the highest CAGR during the forecast period, attributable to alarming ascension in burden of chronic diseases such as cancer & diabetes, surge in number of surgical procedures performed, rapid adoption of innovative medical devices, and the regional presence of major global players.
Intravenous Infusion Pump Market
By Regio
Asia-Pacific region would showroom the highest CAGR of nine.30% during 2021-2030
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Some of the major companies that operate in the global intravenous infusion pump market place are F. Hoffmann-La Roche Ltd., Fresenius SE & Co. KGaA, B. Braun Holding GmbH & Co. KG, Becton, Dickinson and Company, Baxter International, Inc., Terumo Corporation, Medtronic, Smith Medical, ICU Medical, Inc., and Tandem Diabetes Intendance, Inc.
Key Benefits For Stakeholders
- This written report provides an all-encompassing analysis of the electric current and emerging market trends and dynamics in the global intravenous infusion pump market to identify the prevailing opportunities.
- This study presents the competitive mural of the global intravenous infusion pump marketplace to predict the competitive environment across geographies.
- Comprehensive assay of factors that drive and restrict the marketplace growth is provided.
- Region- & land-wise analysis is provided to understand the intravenous infusion pump market trends and dynamics
Key Market Segments
By Type
- Volumetric Infusion Pumps
- Syringe Infusion Pumps
- Patient Controlled Analgesia Infusion Pumps
By Application
- Oncology
- Parenteral Nutrition
- Analgesia/Pain Direction
- Others
By Finish User
- Hospitals & Clinics
- Home Healthcare
- Others
By Region
- North America
- U.Due south.
- Canada
- United mexican states
- Europe
- Germany
- France
- Uk
- Italy
- Spain
- Residue of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- Republic of korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi arabia
- South Africa
- Rest of LAMEA
Key MARKET PLAYERS
- F. Hoffmann-La Roche Ltd.
- Fresenius SE & Co. KGaA
- B. Braun Property GmbH & Co. KG
- Becton, Dickinson and Company
- Baxter International, Inc.
- Terumo Corporation
- Medtronic
- Smith Medical
- ICU Medical, Inc.
- Tandem Diabetes Care, Inc.
Source: https://www.alliedmarketresearch.com/intravenous-infusion-pump-market
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