Infusion Pump Market To Amass USD 9.71 Billion In Revenues By 2023

Reports that evaluate the healthcare industry have been made accessible by Market Research Future, which creates reports on several industry verticals that review the market development and prospects. The market is expected to report income worth USD 9.71 billion while expanding at a 5 % CAGR By 2023.

Pune, Maharashtra - June 12, 2019 /MarketersMedia/ —

The development in product categories for the delivery of drugs and other fluids is motivating the Infusion Pump Market. The rise in chronic diseases globally supports the demand for infusion pumps. Moreover, improvement in the production facilities is expected to improve the supply of the infusion pump market in the coming period. The growing demand for military medical units is expected to open up new avenues for the growth of the infusion pump market in the approaching period.

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Infusion Pump Market - Competitive Analysis

The offering in the market has also diversified considerably ensuring availability of better-quality products in the market. The emergence of specialization in production has also increasingly improved the growth trajectory of the market. The efficiencies achieved in the allocation of resources is expected to encourage the development of the market in the approaching period. Moreover, increased cost efficiencies are projected to positively impact the progress of the market in the coming years. Amplified investment in the market is likely to motivate the positive changes in the market in the forecast period. The decrease in trade restrictions is anticipated to create favorable opportunities for development in the forecast period. The presence of favorable trade policies is anticipated to improve the growth of the market in the impending period. Strong insights into the market’s condition are motivating the expansion of the forecast period.

The foremost contenders in the infusion pump market are

Becton, Dickinson and Company
ICU Medical, Inc
Fresenius Kabi AG
Smiths Medical
Terumo Medical Corporation

Industry Updates:

May 2019

The Food and Drug Administration (FDA) has recently approved the Unity Subcutaneous Delivery System for Remodulin (treprostinil) Injection, also branded as the RemUnity system (DEKA and United Therapeutics). In addition to subcutaneous infusion, Remodulin can be dispensed through an implantable intravenous infusion pump and an outside intravenous infusion pump.

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Infusion Pump Market - Segmental Analysis

The evaluation of the segments in the infusion pump market has been segmented on the basis of type, application, region, and end users. Based on the type, the infusion pump market has been segmented into syringe pump, volumetric pump, ambulatory pump, and others. The application basis of segmenting the infusion pump market comprises of diabetes, gastrointestinal diseases, pediatrics, chemotherapy, and others. Based on the end users, the infusion pump market is segmented into ambulatory surgical centers, hospitals, homecare, and others. Based on the region, the infusion pump market is segmented into the Middle East, North America, Europe, Asia Pacific, and Africa.

Infusion Pump Market - Detailed Regional Analysis

The regional examination of the infusion pump market includes regions such as the Middle East, North America, Europe, Asia Pacific, and Africa. The North American region is the principal market for the infusion pump market and is expected to control the chief market share owing to progressive technologies that are continuously on the rise in these nations. The North American region is anticipated to reach $3.49 billion in earning by the end of 2023. The European region is accountable for the subsequent chief market share and is anticipated to reach nearly $3.11 billion, whereas the Asia Pacific region is expected to garner increased opportunity and is estimated to be the fastest expanding market with a CAGR of 5.4% during the forecast period from 2017 to 2023. The speedy development in this region is primarily due to current developments in the healthcare sector and developing economies and disposable income per person. The Middle Eastern and African region with lesser economic developments and low-income accounts for the minimum Infusion Pump Market share in 2016 but is projected to flourish with better infusion treatment in the countries.

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Source: MarketersMedia

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