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The global intravenous infusion pump market was valued at $4,154.30 million in 2020, and is estimated to reach $8,147.20 million by 2030, growing at a CAGR of 7.10% from 2021 to 2030.Intravenous infusion pump is a medical device used to infuse medications or nutrients into a patientu2019s circulatory system. These are commonly found in a medical settings, as they are widely used in transferring medications in accurate dosages.
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The global intravenous infusion pump market was valued at $4,154.30 million in 2020, and is estimated to reach $8,147.20 million by 2030, growing at a CAGR of 7.10% from 2021 to 2030.Intravenous infusion pump is a medical device used to infuse medications or nutrients into a patient’s circulatory system. These are commonly found in a medical settings, as they are widely used in transferring medications in accurate dosages. The key factors that drive the growth of the global intravenous infusion pump market are increase in geriatric population and rise in prevalence of chronic diseases. In addition, surge in adoption of portable infusion pumps to reduce hospital expenditure is expected to supplement the growth. However, patient safety risks and medication errors related to infusion pumps restrict the intravenous infusion pump market growth. Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/3481 Intravenous Infusion Pump Market Download Report Sample
Healthcare provides patients with an affordable option compared to expensive hospital care, which, in turn, helps reduce the public expenditure on healthcare services. With the increasing need to reduce hospital stays, patients are increasingly adopting ambulatory infusion pumps that are cheaper than most other infusion pumps as well as easier to use. Thus, all these factors collectively boost the demand for infusion pump products, thereby augmenting the intravenous infusion pump marketgrowth. Owing to increase in spending on long-term care, the preference for homecare settings has been rising substantially. Ambulatory infusion pumps in homecare settings are more in demand due to rise in expenditure majorly on hospitalization and increase in prevalence of chronic diseases. Increase in the rate of adopting ambulatory infusion pumps and rise in need to reduce hospital stays are critical factors for surge in demand for ambulatory infusion pumps in homecare settings. Inquire before buying @ https://www.alliedmarketresearch.com/purchase-enquiry/3481 Intravenous Infusion Pump Market Download Report Sample
The global Intravenous infusion pump market is segmented into type, application, end user and region. By type, the market is categorized into volumetric infusion pumps, syringe infusion pumps, and patient controlled analgesia infusion pumps. The applications covered in the study include oncology, parenteral nutrition, analgesia/pain management, and others. On the basis of end user, the market is segregated into hospitals & clinics, home healthcare, and others. North America was the largest shareholder in the global intravenous infusion pump market in 2020, owing to its well-established healthcare infrastructure, favorable reimbursement, high chronic disease burden, advancements in infusion technology, and supportive government regulations for product commercialization. However, Asia-Pacific is anticipated to register the highest CAGR during the forecast period, owing to alarming rise in burden of chronic diseases such as cancer & diabetes, surge in number of surgical procedures performed, rapid adoption of innovative medical devices, and the regional presence of major global players. Customization request @ https://www.alliedmarketresearch.com/request-for-customization/3481 Intravenous Infusion Pump Market Download Report Sample
The Major Key Players Are: • F. Hoffmann-La Roche Ltd. • Fresenius SE & Co. KGaA • B. Braun Holding GmbH & Co. KG • Becton, Dickinson and Company • Baxter International, Inc. • Terumo Corporation • Medtronic • Smith Medical • ICU Medical, Inc. • Tandem Diabetes Care, Inc. Intravenous Infusion Pump Market Download Report Sample
Key Findings of the Study: • By type, the volumetric infusion pumps was the highest contributor to the market in 2020. • On the basis of application, the oncology segment is projected to grow at a significant CAGR of 6.50% from 2021 to 2030. • Depending on end user, the hospitals & clinics segment is projected to grow at a significant CAGR of 6.80% from 2021 to 2030 • Region wise, North America garnered largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the review period. Intravenous Infusion Pump Market Download Report Sample
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