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Global Infusion Pumps Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Global Infusion Pumps Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
Infusion Pumps Market Infusion pumps are the vital devices used in healthcare to carry nutrients, medication and other essential fluids to patient’s body in controlled manner through veins and arterial routes. Infusion pumps are available in various sizes and functionality, but they are basically designed to infuse fluids and medication in patient’s body. Large infusion pumps makes up about 50%-60% of the total infusion market. These infusion pumps are the primary focus of safety concerns too, in recent years the market has witnessed unfavorable impact for various risks and concerns over infusion pump error, primarily due to inappropriate designs. According to US FDA, between 2005 and 2007 more than 56,000 adverse infusion pumps events were reported, more than any other medical technologies. In the same period more than 710 patients died and 87 infusion pump models were recalled. This major concern and restraint has however opened vast opportunities for the infusion pump manufacturers, with big market players already augmented investments and efforts exploring safer and advanced infusion technologies. For instance, Baxter a leading infusion pump manufacturer produces smart infusion pumps with software referred to as digital drug libraries, which is designed to reduce medication errors by automatically calculating doses and delivery rates. These smart infusion pumps also allow hospitals with advanced IT infrastructure to integrate infusion pumps data with EMRs to achieve extra layer of safety. Over the forecast period, big market players will focus on enhanced product designs, safer infusion operations and minimized chances of product recalls which is expected to propel the growth of global infusion pumps market.
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Global Infusion Pumps Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Segmentation Based on Product Type •
Ambulatory Infusion Pumps
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Implantable Infusion Pumps
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Syringe Pumps
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Volumetric Pumps
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Infusion Disposable Sets
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Based on Applications •
Chemotherapy/Oncology
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Pediatrics/Neonatology
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Analgesia/Pain Management
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Gastroenterology
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Hematology
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Diabetes
Based on End Users •
Hospitals
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Ambulatory Surgical Centers
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Home Care Settings
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Clinics
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Global Infusion Pumps Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
Based on Geography Sample Request • North America Interactive Robots Market(U.S. & Canada) {Market Share (%), Market Size (USD Billion)} • Latin America Interactive Robots Market (Brazil, Mexico, Argentina & Rest of Latin America) {Market Share (%), Market Size (USD Billion)} • Europe Interactive Robots Market (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE) {Market Share (%), Market Size (USD Billion)} • Asia-Pacific Interactive Robots Market (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Share (%), Market Size (USD Billion)} • Middle East & Africa Interactive Robots Market (GCC, South Africa, North Africa, RoMEA) {Market Share (%), Market Size (USD Billion)}
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Global Infusion Pumps Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Sample Request
Market Size and Forecast (2016-2024)
Global infusion pumps market size accounted for USD 7.2 billion in 2016 and is anticipated to reach USD 9.4 billion by 2024. Further, the global infusion pumps market is projected to register a CAGR of 5.9% during the forecast period i.e. 2016-2024 owing to number of factors such as growing incidence of chronic diseases coupled with geriatric population and transition of conventional healthcare to home-based healthcare. Based on geography, North America is the largest market for infusion pumps followed by Asia Pacific. Rising adoption of insulin pumps and growing healthcare services such as clinics and infusion centers are driving the infusion pumps market in North America. U.S. infusion pumps market is estimated to reach over USD 3.5 billion by 2024 from USD 2.6 billion in 2016. Moreover, Asia Pacific region is anticipated to register highest CAGR over the forecast period owing to factors such as rising geriatric population, accessibility of advanced healthcare facilities and rising penetration of advanced medical technologies among others. Further, the market share of Asia Pacific region is expected to rise from 22% in 2016 to more than 25% by 2024.
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Global Infusion Pumps Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Scope Background Market Synopsis
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Market Segmentation Global Infusion pumps industry is segmented as follows: •
By Product Type (Market Size, Demand Analysis and Growth Analysis)
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By Applications (Market Size, Demand Analysis and Growth Analysis)
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By End-User (Market Size, Demand Analysis and Growth Analysis)
By Country •
North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
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Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
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Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
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Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
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Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
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Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
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Global Infusion Pumps Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Dynamics: Growth Drivers, Restraints and Opportunities o Risk Factors o Regional Variations o Recent Trends and Developments
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Key Market Players o Synopsis o Business Strategy o Product Portfolio o SWOT Analysis Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks Request for TOC @ https://www.goldsteinresearch.com/toc-request/infusion-pumps-market-global-opportunity-demand-a nalysis-market-forecast-2016-2024 Published By: Goldstein Research
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Global Infusion Pumps Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 About Goldstein Research Based in U.S., Goldstein Research is a young business consulting company and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research
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Global Infusion Pumps Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Global Infusion Pumps Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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