Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Infusion
Pumps Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Infusion Pumps Market. The
research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Infusion Pumps Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Infusion Pumps Market is offered. In accordance with the
report, the global Infusion Pumps Market is projected to expand at a CAGR of 3.0
% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
An Infusion Pump is generally used to provide fluids,
nutrients and medication into a patient’s circulatory system. Infusion pumps
also play a major role by delivering accurate medication for various health
disorders in the most controlled manner.
There has been a significant growth in the number of
cases that suffer from various diseases like, cancer, chronic pain and other
diseases of the heart, lung, kidney and liver. High prevalence of diabetes and
rising demand for insulin pumps especially in-home care setting are major
drivers for the growth of this market globally in the forecast period. Certain
type of infusion pumps provides instant monitoring and medication to the
patient thereby eliminating the use of manual injections.
The majority of infusion pumps use linear peristaltic
technology to deliver fluids to the patient. This could not only hamper the
patient care, but may also bring potential threat to the patient. However, if
proper training is not provided to the healthcare and medical staff there might
be a case of erroneous infusion leading to further health complication and
severe complications to the patient. Also, the low class people in the society
cannot avail the benefit of Infusion pumps due to high expenses involved. These
factors may restrain the growth of global Infusion pump market in the forecast
period.
There has been an increase in the number of chronic
diseases, geriatric population and presence of many large hospitals especially
in the North America region, thereby making it accountable for the largest
share of global Infusion Pump market.
Rising investments in research and development by leading
manufacturers to bring about innovation and advancements in their existing
products will drive the growth of Infusion pump market globally in the forecast
period. To enhance patient safety,
innovation to develop more sophisticated technology is required that is capable
to delivery accurate and consistent fluids to the patient. With an increase in
number of adverse effects associated with the use of infusion pumps, FDA has
new requirements for the manufactures with regards to the design and testing.
Each infusion pump should include a structured, evidence based discussion of
what manufacturers use to mitigate risk at each stage of the device’s design
cycle. Manufacturers are incorporating various other wireless applications in
order to enhance infusion pumps like barcode scanning, Real Time Locating
System, PCA pumps etc.
However, at present, the world is gripped with Covid-19
pandemics, wherein some manufacturers have closed production completely, some
have seen reduced demands for products and services and others have seen a huge
increase in demand. FDA has enforced policy for Infusion Pumps and Accessories
During the Coronavirus Disease 2019 (COVID-19) Public Health Emergency. FDA has issued
this guidance to provide a policy to help expand the availability and remote
capabilities of infusion pumps and their accessories for health care
professionals during the COVID-19 pandemic. NHS is keeping an eye on the factor
that life-saving care also needs to be available to all COVID-19 patients.
Respiratory support equipment is the most obvious need, accompanied by a
plethora of equipment necessary for the care of patients with severe symptoms
such as infusion pumps, syringe pumps, pump consumables, IV access, ICU
equipment, catheters, artificial feeding equipment and hospital beds.
Segment Covered:
This market
intelligence report on the global Infusion Pumps Market encompasses market
segments based on product type, application, end users and country/regions.
In terms of type, the global Infusion Pumps Market
is segregated into :
§ Infusion Pump
§ Implantable Infusion Pump
§ Infusion Disposable Sets
§ Volumetric Pump
§ Syringe Pump
§ Ambulatory Pump
§ Others
By application, the global Infusion Pumps Market
is also classified into :
§ Chemotherapy / Oncology
§ Diabetes
§ Gastrointestinal Diseases
§ Pediatrics / Neonatology
§ Haemotology
§ Pain Management / Analgesia
§ Others
By end users, the global Infusion Pumps Market
is also classified into :
§ Hospitals
§ Ambulatory Surgical Centers
§ Homecare Care Settings
§ Others
By country/region, the global Infusion Pumps Market has been divided into :
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ B Braun Melsungen AG
§ 3M Company
§ Baxter International Inc.
§ Fresenius Kabi AG
§ Becton Dickinson
§ ICU Medical Inc.
§ Terumo Medical Corporation
§ CareFusion Corporation
§ Hospira Inc.
§ Medtronics PLC
§ Terumo Corporation
§ Nipro Corporation
§ Codman & Shurtleff Inc.
§ Zyno Medical
§ Moog Inc.
§ Smiths Medical and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Infusion Pumps related investment & spending
and developments by major players of the market are tracked in this global
report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Infusion Pumps Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Infusion Pumps Market
is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as B Braun Melsungen AG,
3M, Baxter International Inc., Frsenius Kabi AG, Becton,ICU Medical, Terumo
Medical Corporation, CareFusion Corporation, Hospira Inc., Medtronics, Terumo
Corporation, Nipro Corporation, Codman & Shurtleff Inc., Zyno Medical, Moog
Inc., Smith Medical and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Infusion Pumps Market
caters to the needs of various stakeholders
pertaining to this industry, namely suppliers, manufacturers, investors, and
distributors for Infusion Pumps Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Infusion Pumps Market
v
Identification
of key factors driving investment opportunities in the Infusion Pumps Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants