Meticulous Research®—a leading global market research company, published a research report titled, ‘Infusion Pumps Market by Type (Volumetric, Syringe, Insulin, Ambulatory [Disposable, Chemo] Implantable), Channel (Single, Multi) Application (Oncology, Pain, Diabetes, Hematology, Pediatrics) End User (Hospital, Ambulatory Care) - Global Forecast to 2030.’
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Meticulous Research® has projected that the global infusion pumps market will reach $25.9 billion by 2030, growing at a CAGR of 8.3% throughout the forecast period.
Key Growth Drivers: Several factors contribute to this market growth:
- Rising Demand for Ambulatory Infusion Pumps: The growing number of chronic diseases is leading to higher demand.
- Aging Population: The global elderly population requires more infusion therapies.
- Increased Surgical Procedures: A rising number of surgeries is boosting the need for infusion pumps.
- Adoption of Home Healthcare: As home healthcare solutions become more popular, the demand for infusion pumps is increasing.
However, challenges like product recalls, the use of refurbished equipment, and stringent regulatory requirements may limit market growth.
Opportunities and Challenges: Emerging markets and the adoption of IoT-based specialty infusion pumps offer growth opportunities. On the other hand, challenges such as medication errors and limited wireless infrastructure in healthcare facilities remain.
Market Segmentation:
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Product Types:
- Devices (volumetric, syringe, insulin, ambulatory, PCA pumps)
- Accessories/Consumables: Likely to dominate the market due to recurring demand.
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Applications:
- Oncology: Expected to hold the largest market share, driven by increasing cancer rates.
Regional Insights: North America will lead the global infusion pumps market, with the U.S. being the largest contributor, supported by technological advancements and substantial healthcare spending.
Top Market Players:
- Becton, Dickinson and Company (BD)
- B. Braun SE
- Baxter International Inc.
- Fresenius SE & Co. KGaA
- ICU Medical, Inc.
- Medtronic plc
- MOOG Inc.
- Terumo Corporation
- F. Hoffmann-La Roche Ltd
- Insulet Corporation
As the infusion pumps market evolves, strategic investments and technological innovation will be crucial for industry growth, offering vast opportunities for market stakeholders.
About Meticulous Research®:
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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