Published by Coherent Market Insights
Posted on September 22, 2021
Infusion Pumps Market Report 2021-2027 includes a comprehensive analysis of the present Market. The report starts with the basic Infusion Pumps industry overview and then goes into each and every detail.
Infusion Pumps Market Report contains in depth information major manufacturers, opportunities, challenges, and industry trends and their impact on the market forecast. Infusion Pumps also provides data about the company and its operations. This report also provides information on the Pricing Strategy, Brand Strategy, Target Client, Distributors/Traders List offered by the company.
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An external infusion pump is an internal medical device utilized to deliver fluids directly to a human body at a certain site in a controlled fashion. An external infusion pump is commonly used in the treatment of severe injuries and may even be used on a continuous basis for various indications. They can also be used in the treatment of patients who have no other means of supplying themselves with oxygen and are at risk of drowning. However, some types of external infusion pumps are only used in certain situations. Some, such as ambulatory infusion pumps are specifically designed for stationary usage at a certain patient’s bedside. Some, such as the permanent or autoresponders infusion pumps can be worn on the body at all times.
Market Dynamics- Driver & Restraint
Increasing geriatric population is expected to drive growth of the global infusion pumps market during the forecast period. According to the World Health Organization, between 2015 and 2020, people aged 60 years and above are expected to double from 12% to 22%. According to the World Bank, in 2019, around 9.09% of the population was aged 65 years and above, increasing from 7.49% in 2009. Infusion pumps are given to elderly people with chronic diseases including cancer, cardiovascular diseases, etc.
Stringent regulatory requirements for new products and frequent product recalls are expected to hamper the global infusion pumps market growth over the forecast period.
COVID-19 Impact Analysis
With the outbreak of the COVID-19 pandemic, the demand for infusion pumps surged massively. Initially, tremendous demand for infusion pumps depleted the supply chain activities. However, manufacturers were able to shift the production gears as per the requirement. As a matter of fact, many manufacturing companies ramped up their production by five times, while mitigating newly introduced regulations.
Key Takeaways
The global infusion pumps market is expected to witness significant growth, registering a CAGR of XX% during the forecast period. This is owing to increasing cases of chronic diseases worldwide. According to the World Health Organization (WHO), in 2018, around 9.6 million died due to cancer with over 300,000 new cases of cancer being diagnosed each year among children aged 0-19 years across the globe.
Among applications, the analgesia segment held the largest share in the global infusion pumps market in 2018, registering 24.3% share in terms of value, followed by gastroenterology and hematology respectively. This is due to growing patient population and new product approvals across the segment.
Among product types, the ambulatory pumps segment and insulin pumps segment are expected to witness robust growth, due to growing prevalence of chronic diseases.
Top Key Players Include In Infusion Pumps Market: B. Braun Melsungen AG, CareFusion Corporation, Fresenius Kabi AG, Terumo Corporation, Medtronic Plc., Baxter International Inc., Smiths Medical, MOOG Inc., Johnson & Johnson Private Ltd., and Hospira, Inc.
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Mr. Shah
Coherent Market Insights
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Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
The post Infusion Pumps Market 2021 Global Share Analysis; market size was valued at US$ 747.0 Mn in 2020 | Market Structure with Vital Players by 2027 appeared first on Gatorledger.
Infusion Pumps Market Report 2021-2027 includes a comprehensive analysis of the present Market. The report starts with the basic Infusion Pumps industry overview and then goes into each and every detail.
Infusion Pumps Market Report contains in depth information major manufacturers, opportunities, challenges, and industry trends and their impact on the market forecast. Infusion Pumps also provides data about the company and its operations. This report also provides information on the Pricing Strategy, Brand Strategy, Target Client, Distributors/Traders List offered by the company.
Click Here To Get Sample Copy @ https://www.coherentmarketinsights.com/insight/request-sample/127
An external infusion pump is an internal medical device utilized to deliver fluids directly to a human body at a certain site in a controlled fashion. An external infusion pump is commonly used in the treatment of severe injuries and may even be used on a continuous basis for various indications. They can also be used in the treatment of patients who have no other means of supplying themselves with oxygen and are at risk of drowning. However, some types of external infusion pumps are only used in certain situations. Some, such as ambulatory infusion pumps are specifically designed for stationary usage at a certain patient’s bedside. Some, such as the permanent or autoresponders infusion pumps can be worn on the body at all times.
Market Dynamics- Driver & Restraint
Increasing geriatric population is expected to drive growth of the global infusion pumps market during the forecast period. According to the World Health Organization, between 2015 and 2020, people aged 60 years and above are expected to double from 12% to 22%. According to the World Bank, in 2019, around 9.09% of the population was aged 65 years and above, increasing from 7.49% in 2009. Infusion pumps are given to elderly people with chronic diseases including cancer, cardiovascular diseases, etc.
Stringent regulatory requirements for new products and frequent product recalls are expected to hamper the global infusion pumps market growth over the forecast period.
COVID-19 Impact Analysis
With the outbreak of the COVID-19 pandemic, the demand for infusion pumps surged massively. Initially, tremendous demand for infusion pumps depleted the supply chain activities. However, manufacturers were able to shift the production gears as per the requirement. As a matter of fact, many manufacturing companies ramped up their production by five times, while mitigating newly introduced regulations.
Key Takeaways
The global infusion pumps market is expected to witness significant growth, registering a CAGR of XX% during the forecast period. This is owing to increasing cases of chronic diseases worldwide. According to the World Health Organization (WHO), in 2018, around 9.6 million died due to cancer with over 300,000 new cases of cancer being diagnosed each year among children aged 0-19 years across the globe.
Among applications, the analgesia segment held the largest share in the global infusion pumps market in 2018, registering 24.3% share in terms of value, followed by gastroenterology and hematology respectively. This is due to growing patient population and new product approvals across the segment.
Among product types, the ambulatory pumps segment and insulin pumps segment are expected to witness robust growth, due to growing prevalence of chronic diseases.
Top Key Players Include In Infusion Pumps Market: B. Braun Melsungen AG, CareFusion Corporation, Fresenius Kabi AG, Terumo Corporation, Medtronic Plc., Baxter International Inc., Smiths Medical, MOOG Inc., Johnson & Johnson Private Ltd., and Hospira, Inc.
Get This premium report with Instant US$ 2000 discount @ https://www.coherentmarketinsights.com/promo/buynow/127
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
The post Infusion Pumps Market 2021 Global Share Analysis; market size was valued at US$ 747.0 Mn in 2020 | Market Structure with Vital Players by 2027 appeared first on Gatorledger.
