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(Medical-NewsWire.com, September 12, 2018 ) Infusion pumps market is expected to reach USD15.89 billion by 2023 from USD 11.90 billion in 2018, at a CAGR of 6.0%. Overall growth of infusion pumps market is largely driven by increasing incidence of chronic diseases along with rapid growth in geriatric population, rising demand for ambulatory infusion pumps, & growing volume of surgical procedures performed.
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The players competing in infusion pumps market are Becton, Dickinson and Company (US), Baxter (US), ICU Medical (US), B. Braun (Germany), Fresenius Kabi (Germany), Medtronic (Ireland), Smiths Medical (US), Terumo Corporation (Japan), Moog (US), Roche Diagnostics (Switzerland), Halyard Health (US), Mindray Medical (China), Micrel Medical Devices SA (Greece), and Insulet Corporation (US)
Market Drivers
1 Rising Demand for Ambulatory Infusion Pumps
2 Increasing Incidence of Chronic Diseases Along With the Rapid Growth in the Geriatric Population
3 Growing Number of Surgical Procedures Performed
Market Restraints
1 Frequent Product Recalls of Infusion Pumps
2 Stringent Regulatory Requirements for New Products
3 Increasing Adoption of Refurbished and Rental Infusion Pumps
Market Opportunities
1 Emerging Markets
2 Growing Adoption of Specialty Infusion Systems
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Geographically, infusion pumps market segmented into North America, Europe, Asia Pacific, Latin America, & Middle East & Africa. In 2017, North America commanded a major share of the infusion pumps market. However, Asia Pacific is expected to witness highest growth during forecast period. Significant growth of Asia Pacific market mainly attributed to increasing prevalence of chronic diseases
Industry Insights
1 Introduction
2 Porter’s Five Forces Analysis
3 Threat of New Entrants
4 Threat of Substitutes
5 Bargaining Power of Suppliers
6 Bargaining Power of Buyers
7 Intensity of Competitive Rivalry
8 Product Benchmarking
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The report analyzes the various types of infusion pumps in the market and their adoption patterns. It aims at estimating the market size and future growth potential of the infusion pumps market for different segments such as product, application, end user, and region.
Premium Insights
1 Infusion Pump: Market Overview
2 APAC: Infusion Pump Market, By End User (2017)
3 Geographical Snapshot of the Infusion Pump Market
4 Infusion Pump Market: Geographic Growth Opportunities
5 Infusion Pump Market: Developing vs Developed Countries
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