The rising demand for ambulatory infusion pumps in home care settings, increasing incidence of chronic diseases along with the rapid growth of the geriatric population, and growing number of surgical procedures performed are the major factors driving the growth of this market.
The global
Infusion Pump Market is projected to reach USD 18.9
billion by 2025 from USD 13.5 billion in 2020, at a CAGR of 7.0% during the
forecast period.
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Market Segmentation:-
Based on
products, the Infusion Pumps Accessories Market is segmented into accessories
& consumables and devices. The accessories & consumables segment is
expected to grow at the highest CAGR during the forecast period.
Based on
product, the infusion pumps market is segmented into dedicated accessories
& consumables and non-dedicated accessories & consumables. The
dedicated accessories & consumables segment is expected to grow at the
highest CAGR during the forecast period.
Based on
type, the Infusion Pumps Accessories Market has been segmented into traditional
infusion pumps and specialty infusion pumps market. The specialty infusion
pumps segment is expected to grow at the highest CAGR during the forecast
period.
Based on
application, the Infusion Pumps Accessories Market is segmented into
chemotherapy/oncology, diabetes, gastroenterology, analgesia/pain management,
pediatrics/neonatology, hematology, and other applications (includes infectious
diseases, autoimmune diseases, and diseases of the heart, kidney, lung, and
liver).
On the
basis of end user, the infusion pumps market has been segmented into hospitals,
home care settings, ambulatory care settings, and academic and research
institutes.
Key Market
Drivers: -
1 Rising demand for ambulatory
infusion pumps in home care settings
2 Increasing incidence of chronic
diseases along with the rapid growth of the geriatric population
3 Growing numbers of surgical
procedures performed
Regional
Analysis:-
North
America accounted for the largest share of the infusion pumps market in 2019,
followed by Europe.
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Key market Players:-
The
prominent players in this market are Becton, Dickinson and Company (US), B.
Braun Melsungen AG (Germany), Baxter International Inc. (US), Fresenius Kabi
(Germany), ICU Medical, Inc. (US), Medtronic plc (Ireland), Mindray Medical
International Limited (China), Micrel Medical Devices SA (Greece), and Ypsomed
Holding AG (Switzerland), among other key players.
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