Published Date: 13-Oct-2021
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According to a new report Global Intravenous Infusion Pump Market, published by KBV research, The Global Intravenous Infusion Pump Market size is expected to reach $8.2 billion by 2027, rising at a market growth of 8.5% CAGR during the forecast period.
Based on the type, the volumetric infusion pumps segment obtained the maximum revenue share in 2020 and is likely to showcase a similar kind of trend even during the forecasting period. The segment’s growth is due to the growing adoption of next-generation volumetric infusion pumps that showcase the abilities like built-in safety systems, electronic health record (HER) integration, and drug library that is a list of drugs stored in the smart pump’s memory, becoming a major component to eliminate medication errors.
The Oncology market dominated the Global Intravenous Infusion Pump Market by Application in 2020, growing at a CAGR of 7.7 % during the forecast period. The Parenteral Nutrition market is estimated to grow at a CAGR of 8% during (2021 - 2027). Additionally, The Analgesia/Pain Management market would exhibit highest CAGR of 10.3% during the forecast period.
Region-wise, North America emerged as the leading region with the maximum revenue share in the intravenous infusion pumps market in 2020. This region is anticipated to acquire a significant growth rate during the forecast period. Factors like high chronic disease burden, developed medical infrastructure, and improvements in infusion technology are responsible for the growth of this region. In addition, aspects like the high presence of key manufacturers, favorable insurance along with the medical device reimbursement policies, and key exporters of intravenous infusion pumps are anticipated to bolster the regional growth of the intravenous infusion pumps during the forecast period.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Johnson & Johnson, B. Braun Melsungen AG, Medtronic PLC, F. Hoffmann-La Roche Ltd., Becton, Dickinson and Company, Baxter International, Inc., Terumo Corporation, Smiths Group PLC, Boston Scientific Corporation, and Micrel Medical Devices SA.
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