Infusion Pump Market Trends: Innovations Shaping the Future of Medical TreatmentPosted by snehal shaha on April 25th, 2024 The growing number of surgeries performed, and rising prevalence of chronic diseases are some factors that provide key opportunities for key players in the market. However, product recalls by some major players, and stringent regulations on manufacture of infusion pumps are expected to challenge/restrain the growth of the market. The report Infusion Pump Market size is 17.1 billion for 2023 and is projected to reach USD 26.2 billion by 2029, at a CAGR of 7.3% during the forecast period. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90374506 KEY MARKET DYNAMICS 1 MARKET DRIVERS 1 Rising demand for ambulatory infusion pumps in home care settings 2 Increasing incidence of chronic diseases along with rapid growth in geriatric population 3 Growing number of surgical procedures performed 2 MARKET RESTRAINTS 1 Product recalls 2 Stringent regulatory requirements for new products 3 Increasing adoption of refurbished and rental infusion pumps 3 MARKET OPPORTUNITIES 1 High growth opportunities in emerging countries 2 Growing adoption of specialty infusion systems 4 MARKET CHALLENGES 1 Increasing incidence of medication errors and lack of wireless connectivity in most hospitals Market Segmentation: In 2022, the market for dedicated accessories and consumables accounted for the largest share and was also the faster growing segment of the infusion pump accessories and consumables market. This segment is mainly driven by the requirement of compatible administration sets designed for a particular type of infusion pump by the manufacturer to ensure optimum results of dedicated accessories. Out of the dedicated accessories and consumables market in 2022, the volumetric infusion pump accessories and consumables segment accounted for the largest share. High adoption of volumetric infusion pumps and related accessories in hospitals for the purpose of delivering large volumes of medications and nutrients to patients is pushing the market forward. Regional Analysis The infusion pump market is segmented into five major regions, namely, Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific (APAC). Asia Pacific attributes to the highest growth rate amongst the other regions during the forecast period. The rapid infrastructure growth, increase in disposable incomes, and increase incidences of chronic diseases are factors which are likely to support the growth of infusion pump market in the region. The emerging Asian countries, such as China, and India, offer significant growth opportunities for market players. Recent Developments of the Infusion Industry
Request for Sample Pages: - https://www.marketsandmarkets.com/requestsampleNew.asp?id=90374506 Top Key Players: The key players in the infusion pump market Becton, Dickinson and Company (US), Baxter International, Inc. (US), and B. Braun Melsungen AG (Germany). These companies adopted strategies such as product launches, collaborations, partnerships, and acquisitions to strengthen their presence in the market. Like it? Share it!More by this author |