Infusion Pump Device Market

Global Infusion Pump Device Market – Global Industry Analysis and Forecast (2017 TO 2024) – By Product, Application, End-user, and Region.
Global Infusion Pump Device Market was valued at US$ 15.25 bn in 2017, and is estimated to grow at a CAGR of 7.5% from 2017 to 2024.

Infusion Pump Device Market is segmented by product, application, end user, and region. Infusion pump market have the predominate usage in hospitals, home care setting, ambulatory care setting, academic and research institutes.

Infusion pumps are external devices used in health care to administer the medication, nutrients and fluids to the patient's body in precise amounts and in a controlled manner by intravenous, subcutaneous and arterial routes. The infusion pumps are of two types, one for fixed use and the other for portable use.

Some of the Infusion Pump Device Market drivers include the increasing technological advancements, rise in geriatric population, favorable reimbursement scenario, and availability of clinical evidence for the safety and efficacy procedures. Nowadays, patients are aware of better healthcare options and are ready to invest in rising healthcare expenditures, changing demographics as well as lifestyles leading to an increased prevalence of peripheral vascular diseases. In general, infusion pumps are preferred for analgesics, chemotherapeutic drugs, fluids and insulin, because patients who use these medications need an accurate and conditional dose.

Geographically, Infusion Pump Device Market is classified into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). Overall, North America is the largest market for the infusion pump and is expected to hold the largest market share because of the advanced technologies that are steadily increasing in these countries. The Asia-Pacific region, offers many opportunities and is expected to be the fastest growing segment with a CAGR of around 7.5% over the 2016-2022 period. Many minuscule players are looking forward to investment in the Asia Pacific market due to sizable patient pool and incremental utilization of infusion pump further boosting the overall Infusion Pump Device Market.

The key players in the Infusion Pump Device Market include Animas/Johnson & Johnson, Baxter, B. Braun, CareFusion, Covidien, Fresenius Kabi, Hospira, I-Flow, Insulet, IRadimed, Medtronic, Moog, Roche, Smiths Group, Tandem.

By: Vikas Godage

Infusion Pump Device Market

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Submitted On Oct 29, 2018. Viewed 32 times.

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