Market Segmentation
The infusion pump market has been segmented into type, application, and end-users . Based on the segment which is type, the market is categorized on the basis of syringe pump, volumetric pump, and others. The global market for infusion pump is further segmented based on application into diabetes, gastrointestinal diseases, pediatrics, chemotherapy, and others. Furthermore, the market, on the basis of end-users is segmented into ambulatory surgical centers, homecare, hospitals, and others.
The infusion pump market report offers comprehensive study of the market segments including type, application, and end-users. The analysts have also studied the market’s spread across the regional markets across many of the market’s segments at country levels. The type, application, and end-users segments spread across the market along with the subsegments are studied. The global market for infusion pumps is spread across various product and service based segments. The infusion pump market research report highlights these key segments and offers forecasts based on primary and secondary data. The global market research report presents key company profiles of organizations active across the market.
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Overview
The global infusion pump market will grow at a CAGR of 5% during the forecast period 2017 to 2023. The market for infusion pump is set to reach US$9.71 billion by 2023. As per market analysts, the global market is anticipated to witness growth owing to the factors such as rising prevalence of fatal diseases as well as increased use of infusion pumps for drug delivery. However, the infusion pump market will face challenges and restraints due to patient safety concerns and unmet medical needs in the low-income countries during the forecast period 2017 to 2023.
High demand for the infusion systems in the military medical units in the market will support the growth. As per market analysts, the infusion pump market based companies will face certain challenges during the 2017 to 2023. The market research report provides in-depth analysis of the type, application, and end-users segments. The market research report presents factors such as the dismal healthcare infrastructure that could slow down the market’s growth.
Regional Overview
The cases related to incorrect infusion techniques may hinder the infusion pump market growth. The market research report suggests that companies in the market could be supported by technological advancements from the leading market players as well as the enhancement in technology during the forecast period. The infusion pump market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the market is set to witness tremendous growth across type, application, and end-users segments. The global market’s North American region covers markets across the United States, Mexico, Canada, and others. Businesses present in the infusion pump market are also profiled and their strategies have been presented in detail in the market research report.
The infusion pump market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the market research report provides details about the APAC region covering markets from China, India, Australia, Japan, and others. The market is also active across several other parts of the world. The infusion pump market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global market..
Competitive Landscape
Infusion pump has seen tremendous growth, due to the surge in drug delivery intravenously and the escalating incidence of chronic illnesses. However, concerns regarding patient safety and unmet medical needs would challenge the companies active in the market. Furthermore, companies using growth strategies to stay ahead in the global infusion pump market are expected to help the market during the forecast period 2017 to 2023. As the market report suggests that the market will register a CAGR of 5% and reach a US$9.71 billion by 2023, the market report highlights key areas market based companies need to focus on. The market research report projects a long term growth till 2023. Based on the market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period 2017 to 2023, however the companies need to move ahead with caution. The infusion pump market research report highlights such key areas.
Industry News
In accordance with a letter of intent between San Diego-based Lilly subsidiary and SIS parent Siemens, IVAC shall procure the minimum infusion pump line for Siemens infusion systems and their associated features. The proposed arrangement, announced in a joint communication from 25 May, covers inventory and production equipment relevant to this agreement. The arrangement “is subject to final agreement settlement and implementation and relevant government approval;” terms and conditions have not been disclosed. The purchase of the MiniMed three-channel pump line would fill IVAC’s pump range, which currently only includes one-channel equipment.
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