1. What is the projected Compound Annual Growth Rate (CAGR) of the Infusion Pump Market?
The projected CAGR is approximately 21.2%.
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Infusion Pump MarketInfusion Pump Market by Type (Volumetric Pumps, Syringe Pumps, Enteral Pumps, Insulin Pumps, Elastomeric Pumps, Implantable Pumps, PCA Pumps), by Application (Diabetes, Oncology, Pain Management, Others), by End User (Hospitals & Clinics, Ambulatory Care Settings, Home Care Settings, Others), by By Geography (North America) Forecast 2025-2033
The Infusion Pump Market size was valued at USD 9.02 USD billion in 2023 and is projected to reach USD 34.65 USD billion by 2032, exhibiting a CAGR of 21.2 % during the forecast period. An infusion pump is a device used for the intended delivery of effective and accurate dosage of fluids such as medicine, nutrients, or simply fluids for the replenishment of fluids in the body of a patient with precision. This is commonly used in the medical field primarily in hospitals, clinics and home care to administer intravenous therapies such as medications, chemotherapeutic agents, antibiotics and anesthesia. The infusion pumps categorized under the different types are volumetric pump, syringe pumps, and ambulatory pumps. Functionality of the infusion pumps where it has a role of standardizing dosage, reduces errors made and improves the patient’s health. Advantages of infusion pump are improved patient safety, fast delivery of medication and the ability to vary the therapies. The current trends in the European market reveal the increasing demand for innovative smart infusion system which has many options such as wireless connectivity, remote monitoring and the compatibility with Electronic Health Record with an aim of enhancing the general flow of healthcare organization as well as result of patient care.
Type:
Application:
End User:
Type: Volumetric Pumps, Syringe Pumps, Enteral Pumps, Insulin Pumps, Elastomeric Pumps, Implantable Pumps, PCA Pumps
Application: Diabetes, Oncology, Pain Management, Others
End User: Hospitals & Clinics, Ambulatory Care Settings, Home Care Settings, Others
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 21.2% from 2019-2033 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 21.2%.
Key companies in the market include Medtronic (Ireland), Becton Dickinson and Company (U.S.), Baxter (U.S.), Insulet Corporation (U.S.), ICU Medical, Inc. (U.S.), B. Braun Melsungen AG (Germany), Smiths Medical (Smiths Group plc.) (U.S.), Fresenius Kabi AG (Germany), Terumo Corporation (Japan), F. Hoffmann-La Roche Ltd (Switzerland), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China).
The market segments include Type, Application, End User.
The market size is estimated to be USD 9.02 USD billion as of 2022.
Increasing Number of Surgical Procedures to Boost Market Growth.
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
Stringent Regulations for the Production of Pumps to Restrain Market Growth.
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Yes, the market keyword associated with the report is "Infusion Pump Market," which aids in identifying and referencing the specific market segment covered.
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