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.
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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.
1 Rising Demand for Ambulatory Infusion Pumps
2 Increasing Incidence of Chronic Diseases Along With the Rapid Growth in the Geriatric Population
3 Growing Number of Surgical Procedures Performed
1 Frequent Product Recalls of Infusion Pumps
2 Stringent Regulatory Requirements for New Products
3 Increasing Adoption of Refurbished and Rental Infusion Pumps
1 Emerging Markets
2 Growing Adoption of Specialty Infusion Systems
“The insulin pumps segment is expected to grow at the fastest rate during the forecast period”.
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The insulin infusion pumps segment is expected to register the highest CAGR during the forecast period. The growth of insulin pumps segment can be primarily attributed to the increasing prevalence of diabetes, coupled with the growing demand for management of insulin at home.
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Geographically, infusion pumps market segmented into North America, Europe, Asia Pacific, Latin America, & Middle East & Africa. In 2017, North America commanded a major share of the infusion pumps market.
However, Asia Pacific is expected to witness highest growth during forecast period. Significant growth of Asia Pacific market mainly attributed to increasing prevalence of chronic diseases
1 Infusion Pump: Market Overview
2 APAC: Infusion Pump Market, By End User (2017)
3 Geographical Snapshot of the Infusion Pump Market
4 Infusion Pump Market: Geographic Growth Opportunities
5 Infusion Pump Market: Developing vs Developed Countries
2 Porter’s Five Forces Analysis
3 Threat of New Entrants
4 Threat of Substitutes
5 Bargaining Power of Suppliers
6 Bargaining Power of Buyers
7 Intensity of Competitive Rivalry
8 Product Benchmarking
The players competing in infusion pumps market are 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)
Connect for More Details for More Information “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” report at www.rnrmarketresearch.com/contacts…ount?rname=162895 .
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.
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