Infusion Pump Market Reaches To $ 9.71 Billion Registering A CAGR of 5% By 2023; Asserts MRFR

The Worldwide Infusion Pump Market research report is growing with the rapid pace; mainly due the burgeoning Healthcare Sector. According to a recent study report published by the Market Research Future, The World Infusion Pump Industry Research report is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a huge growth by 2023, surpassing its previous growth records in terms of value & volume. Considering all these factors The World Infusion Pump Market research report is expected to reach $ 9.71 billion at the rate of about 5% from 2017 to 2023.

Market Research Future published new report, titled “Infusion Pump Market -Research Report: Global Forecast to 2023”.

Key Players are: 3M, B. BRAUN MELSUNGEN AG, Baxter, Becton, Dickinson and Company, Fresenius Kabi AG, ICU Medical, Inc, Smiths Medical, and Terumo Medical Corporation.

Market Synopsis of Global Infusion Pump Market:

The Global market for infusion pump is growing at a steady pace. The various factors that influence the growth of the market are increased use of infusion pumps for the delivery of drugs and other fluids, rising prevalence of chronic and fatal diseases, high demand of the infusion systems in the military medical units, technological advancements from the leading market players. Furthermore the factors such as patient safety concerns and improper infusion leading to the severe consequences, unmet medical needs in the low income countries are hamper the growth of the market.

Market Segments:

Infusion Pump market has been segmented on the basis of type which comprises of volumetric pump, syringe pump, ambulatory pump, & others. Volumetric pump accounted for the largest market share of the total market in 2016. On the basis of application, market is segmented into Chemotherapy, diabetes, gastrointestinal diseases, pediatrics, and others. Chemotherapy segment accounted for the largest market share of the total market in 2016. On the basis of end user, market is segmented into hospitals, ambulatory surgical centers, homecare, & others. Hospitals dominated the global market with the largest market share in 2016.

Regional Analysis:

Globally North America is the largest market for Infusion Pump and is expected to commands the largest market share due to advanced technologies are continuously on rise in these countries. North America is expected to reach $3.49 billion by the end of 2023. Europe accounts for the second largest market and is expected to reach nearly $3.11 billion, whereas Asia Pacific with lots of opportunity and continuously growing economies, is expected to be the fastest growing segment with the CAGR of 5.4% during 2017-2023. This rapid growth is majorly due to recent developments in healthcare and improving economies and disposable income per individual. Middle East and Africa with less economic developments and extremely low income accounts for least market share in 2016 but is expected to grow with better infusion treatment in the countries.

The report for Infusion Pump Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions

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TABLE OF CONTENTS:

1 Report Prologue

2 Market Introduction

2.1 Definition 16

2.2 Scope of Study 16

2.3 Research Objective 16

2.4 Assumptions & Limitations 17

2.4.1 Assumptions 17

2.4.2 Limitations 17

2.5 Market Structure 17

3 Research Methodology

3.1 Research Process 18

3.2 Primary Research 19

3.3 Secondary Research 19

3.4 Market Size Estimation 19

4 Market Dynamics

4.1 Introduction 21

4.2 Drivers 22

4.2.1 Increased Use Of Infusion Pumps For The Delivery Of Drugs And Other Fluids. 22

4.2.2 Rising Prevalence of Chronic and Fatal Diseases 22

4.2.3 High Demand Of The Infusion Systems In The Military Medical Units. 23

4.2.4 Technological Advancements from the Leading Market Players 23

4.3 Restraint 25

4.3.1 Patient Safety Concerns and Improper Infusion Leading To the Severe Consequences. 25

4.3.2 Unmet Medical Needs in the Low Income Countries 25

4.4 Opportunity 26

4.4.1 Growing Geriatric Population Presents Significant Growth Opportunity 26

4.4.2 Low Income Economies And Developing Nations With Improving Healthcare Facilities Present A Great Opportunity. 26

4.5 Macroeconomic Indicators 27

5 Market Factor Analysis

5.1 Porters Five Forces Model 28

5.1.1 Bargaining Power of Suppliers 28

5.1.2 Bargaining Power of Buyers 29

5.1.3 Threat of New Entrants 29

5.1.4 Threat of Substitutes 29

5.1.5 Intensity of Rivalry 29

5.2 Pricing Analysis 30

5.3 Upcoming Trends 30

...CONTINUED

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Posted by Vivian Dsena on Friday November 17 2017, 6:00 PM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0