Infusion Pumps Market size was valued at USD 9.92 Bn. in 2022 and the total Infusion Pumps revenue is expected to grow at a CAGR of 8.8% from 2023 to 2029, reaching nearly USD 17.91 Bn.
Infusion Pumps Market Overview
The report delivered by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The report gives insights about the market to help clients understand the demand for their product in the future with the emerging trends in the Infusion Pumps industry.
Infusion Pumps Market Report Scope and Research Methodology
The report provides a thorough analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics on Infusion Pumps Industry. The report offers the market share and rival sector, as well as an analysis of the major vendors and leading regions. The report also provides the Infusion Pumps market’s present size, growth rates, and company profiles of the top players and producers. The bottom-up approach was used to estimate the Infusion Pumps market size.
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Growth models and strategies used by key players are based on the competitive landscape. The report provides a thorough analysis of the market and includes meaningful insights, facts, historical data and industry-validated market statistics. The report also provides the Infusion Pumps present size, growth rates, and company profiles of the top players and producers. An in-depth analysis of the regional environment is involved, along with information on the potential, important growth indicators, geographical challenges, and threats facing the market.
Market Regional Insights
The Regional Analysis in the report helps to understand the market in various countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions covering North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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Infusion Pumps Market Segmentation
Infusion pumps were led by volumetric infusion pumps in 2022, accounting for 32% of the market. At the conclusion of the forecast period, the segment is anticipated to continue to lead with the highest share. The substantial market share of these pumps was due to their capacity to provide consistent and very precise fluid quantities at speeds ranging from extremely slow to extremely quick. Comparing the market potential of different pumps, volumetric infusion pumps have the most uses in the management of illnesses and parenteral nutrition. The increased demand for infusion pumps is a result of its safety, accuracy, and simplicity in the treatment of many therapeutic areas.
The fluid volume can be calculated by volumetric infusion pumps using microprocessor-based algorithms that take into account the size of the generated drop and the uniform diameter of the tubing. Both main electricity and rechargeable batteries can be used to power it. When bubbles appear in the tube, the pump immediately stops and both the alert lamp and the warning buzzer sound simultaneously. It notifies the operator when the infusion is finished, the battery voltage is low, and the flow line is stopped, in addition to the conventional audiovisual alerts of malfunction and air bubbles in the system.
The volumetric infusion pumps’ wide range of uses, advantages, rising popularity, and increased product launch in hospitals and facility centres in both developed and developing nations are what will fuel the segment’s revenue rise throughout the forecast period. For instance, Fresenius Kabi’s wireless Agilia connect infusion system, which includes the Agilia volumetric pump and the Agilia syringe pump with vigilant software suite-Vigilant Master Med technology, received regulatory clearance from the United States Food and Drug Administration (USFDA) in March 2022.
Infusion Pumps Market Key Players
1. Becton, Dickinson and Company (US)
2. Baxter International Inc. (US)
3. ICU Medical, Inc. (US)
4. Smiths Medical (US)
5. Moog Inc. (US)
6. Avanos Medical, Inc. (US)
7. Insulet Corporation (US)
8. Tandem Diabetes Care (US)
9. InfuTronix Solutions LLC (US)
10. Zyno Medical LLC (US)
11. Teleflex, Inc. (US)
12. CODAN Medizinische Geräte GmbH & Co KG (Germany)
13. B. Braun (Germany)
14. Fresenius Kabi (Germany)
15. Medtronic PLC (Ireland)
16. Ypsomed Holding AG (Switzerland)
17. Roche Diagnostics (Switzerland)
18. Micrel Medical Devices SA (Greece)
19. Nipro Corporation (Japan)
20. Terumo Corporation (Japan)
21. JMS Co., Ltd. (Japan)
22. SOOIL Development Co., Ltd. (South Korea)
23. Shenzhen MedRena Biotech Co., Ltd. (China)
24. Mindray Medical International Limited (China)
25. Epic Medical (Singapore)
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Key questions answered in the Infusion Pumps Market are:
- What is Infusion Pumps?
- What are the global trends in the Infusion Pumps Market?
- What was the market size in 2022?
- Which trends are expected to generate additional revenue for the market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Market?
- What are the major challenges that the Infusion Pumps Market could face in the future?
- What are the upcoming industry applications and trends for the Market?
- What growth strategies are the players considering to increase their presence in the Market?
- Who held the largest market share in the Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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