#Infusion Pumps and Accessories Market Share

[credenceresearchdotblog]

The Elastomeric Infusion Pump market is projected to witness substantial growth, with its value expected to surge from USD 1,241 million in 2023 to USD 2,646 million by 2032, reflecting a remarkable compound annual growth rate of 8.14%.The Intravenous (IV) Tubing Sets and Accessories market is an integral component of the broader healthcare landscape. These products are essential for the administration of fluids, medications, and nutrients directly into a patient’s vein, providing vital support in various medical treatments. The market for IV tubing sets and accessories has been experiencing substantial growth, driven by increasing healthcare demands, technological advancements, and a rising prevalence of chronic diseases. This article delves into the key aspects of this market, exploring its current state, growth drivers, and future prospects.

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Market Overview

The IV tubing sets and accessories market encompasses a wide range of products, including primary IV sets, secondary IV sets, extension sets, IV catheters, needleless connectors, and more. These products are used in hospitals, clinics, ambulatory surgical centers, and home healthcare settings. The market is characterized by a high degree of innovation, with manufacturers continually developing new and improved products to enhance patient safety and comfort.

Growth Drivers

1. Rising Prevalence of Chronic Diseases: The increasing incidence of chronic diseases such as diabetes, cancer, and cardiovascular diseases is a significant driver of the IV tubing sets and accessories market. These conditions often require long-term treatment and frequent administration of medications via IV, boosting the demand for IV sets and accessories.

2. Aging Population: The global population is aging, leading to a higher prevalence of age-related health issues. Older adults are more likely to require medical interventions that involve IV therapy, further propelling market growth.

3. Technological Advancements: Continuous advancements in IV technology have led to the development of more efficient and safer products. Innovations such as closed system transfer devices (CSTDs), which reduce the risk of contamination and improve safety, are gaining traction in the market.

4. Expansion of Home Healthcare: The trend towards home healthcare is growing, driven by the need for cost-effective treatment options and patient preference for receiving care in a familiar environment. This shift has increased the demand for user-friendly IV tubing sets and accessories that can be safely used outside of traditional healthcare settings.

5. Increased Healthcare Spending: Governments and private sectors are investing heavily in healthcare infrastructure, particularly in emerging economies. This investment is facilitating the expansion of healthcare facilities and services, thereby driving the demand for IV tubing sets and accessories.

Market Challenges

Despite the promising growth prospects, the IV tubing sets and accessories market faces several challenges. These include stringent regulatory requirements, the high cost of advanced products, and the risk of infections associated with IV therapy. Manufacturers must navigate these challenges while ensuring compliance with safety standards and maintaining affordability.

Regional Insights

The IV tubing sets and accessories market exhibits regional variations, with North America, Europe, Asia-Pacific, and Latin America being the key regions.

- North America: This region holds a significant share of the market, driven by advanced healthcare infrastructure, high healthcare spending, and a large patient population with chronic diseases. - Europe: Europe is another major market, with countries like Germany, France, and the UK contributing substantially. The presence of established healthcare systems and a focus on patient safety are key factors driving growth in this region.

- Asia-Pacific: The Asia-Pacific region is expected to witness the fastest growth, attributed to improving healthcare infrastructure, increasing healthcare expenditure, and a large population base. Countries like China and India are at the forefront of this growth.

- Latin America: This region is also showing potential for market expansion, driven by increasing awareness about healthcare and improving medical facilities.

Future Prospects

The future of the IV tubing sets and accessories market looks promising, with several trends poised to shape its trajectory. The growing focus on patient safety and infection control is likely to drive the adoption of advanced IV products. Moreover, the increasing emphasis on minimally invasive procedures and the rising trend of home healthcare will continue to boost market growth.

Key Players

Baxter International

Braun Melsungen AG

Nipro Corporation

Leventon, S.A.U

Avanos Medical, Inc

Segments:

By Product Type:

Continuous Rate Elastomeric Pump

Variable Rate Elastomeric Infusion Pump

By Application

Pain Management

Chemotherapy

Chelation Therapy

Others

By End-User

Hospitals

Ambulatory Surgical Centers

Others

By Region

North America

The U.S.

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

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IV Infusion Pump Accessories Market Share, Overview, Competitive Analysis and Forecast 2031

[healthcaremarketfmi]

IV Disposables Market to Witness Excellent Revenue Growth, Overview, Emerging Trends and Forecast by 2033

As per Future Market Insights’ latest industry analysis, the valuation for the global IV disposables market was around US$ 15.5 Billion in 2022 and is projected to exhibit a CAGR growth of close to 11.8% over the forecast period, with an estimated valuation of US$ 51.6 Billion in 2033.

With the increasing use of infusion pumps in healthcare settings and home use, demand for items such as ventilators, infusion pumps and accessories, which are used to treat patients, has seen a substantial demand increase. The global COVID-19 pandemic has had an unprecedented impact on the same.

According to our research in the US, approximately 1,033 infusion pumps were sold in 2022, which has boosted the market for IV disposable market.

IV therapies can now be used effectively and safely because to technological advancements in IV therapy products and a growing focus on cost containment and cost effectiveness at healthcare facilities. Over the projected period, the market for disposable IV treatment products is anticipated to rise due to patients' growing preference for safety-enhancing pumping devices and needleless technologies.

The use of disposable products can help to reduce the risk of healthcare-associated infections, which has become a major concern for healthcare providers. This has led to a growing demand for disposable products such as catheters, syringes, and other medical devices.

Overall, these factors are contributing to the growth of the IV disposables market, and are expected to continue to drive demand for effective and innovative treatment options in the coming years.

For More information: https://www.futuremarketinsights.com/reports/iv-disposables-market

Key Takeaways from Market Study

Infusion pumps are the leading segment as a product, and held about 1% market share in 2022, due to efficiency, accuracy, and versatility in delivering fluids and medications in various healthcare settings.

By end user, the hospitals dominated the global IV disposables market withholding the total market share of about 6% by the end of 2022, as they offer specialized treatment options that require advanced IV therapies.

By region, North America is leading in the global IV disposables market and is expected to continue to do so with a projected CAGR rate of 6% during the forecasted years, due to increasing prevalence of chronic diseases in the region.

“The market for IV disposables is anticipated to expand in the upcoming years as a result of rising hospital admissions, surgical procedures, and the expansion of the healthcare infrastructure,” says an analyst of Future Market Insights.

Market Competition

Key participants in the market for IV disposables treatment employ expansion of the company through mergers, acquisitions, partnerships and collaborations. Key manufacturers are concentrating on strategies like implementing new technology and expanding sales for the creation of novel products.

ICU Medical Inc. declared in January 2022 that it had finished acquiring Smiths Medical from Smiths Group plc.

In March 2022, B. Braun, a system provider for extracorporeal blood treatment (dialysis), expanded the wide range of products offered by its B. Braun Avitum subsidiary by fully integrating Intermedt Medizin & Technik GmbH into the Group.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the IV disposables market in its latest study, presenting a historical demand assessment of 2018 – 2022 and projections for 2023 – 2033. The global IV disposables market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on product– (intravenous administration set, iv fluid solution bags, iv cannula, infusion sets, infusion pumps, catheter needles, securement devices and Others (stopcocks, connetors, extention tubes)), and end user - (hospitals, ambulatory surgical centers, specialty clinics, home care settings), across seven regions of the world.

[latestanalysis]

Global IV Infusion Pump Accessories Market Size, Share, Growth Opportunity , Research Industry Report & Forecast till 2027

Global IV Infusion Pump Accessories Market

The Global IV Infusion Pump Accessories Market is expected to witness a CAGR of approximately 5.9% over the forecast period, 2020-2027.

IV infusion pump accessories are medical devices which are used to convey solutions and fluids into body of patient in controlled measurement. Infusion pumps are classified on the basis of use such as Stationary use and portable use. The infused fluids are nutrients or medications which are important for therapeutics or medical treatments. IV infusion pump accessories categorized into various product types such as into IV Infusion Sets, IV Infusion Lines, IV Catheters, IV Cannulas, and Needleless Connectors.

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The increase in incidence of chronic diseases such as Cancer, Diabetes, and gastrointestinal issues is a key driving factor expected to boost the global IV infusion pump accessories market growth. Furthermore, the rise in geriatric population across the globe is expected to propel the global IV infusion pump accessories market growth. Also, the increase in demand for IV infusion pump accessories in home care settings will significantly influence the market growth. Moreover, the increase in awareness towards home healthcare, and numerous application of IV infusion pumps is expected to drive the demand of IV infusion pump accessories during this forecast timeline.

Stringent regulatory requirements for new product approval are expected to hamper the global IV infusion pump accessories market growth. Also, the rise in incidences of medication errors and lack of awareness connectivity in most hospitals will limit the global IV infusion pump accessories market growth.

Market Segmentation

The Global IV Infusion Pump Accessories Market is segmented into product type, application, and region.

Based on the product type, the IV infusion pump accessories market is categorized into IV Infusion Sets, IV Infusion Lines, IV Catheters, IV Cannulas, and Needleless Connectors.

Based on the application, the IV infusion pump accessories market is categorized into Homecare Settings, Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, and Others.

Based on the region, the IV infusion pump accessories market is categorized into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

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Regional Analysis

The North America is expected to hold largest market share in the IV infusion pump accessories market The large market share of this region can primarily be attributed the increase in adoption of IV infusion pumps and accessories for the treatment of chronic diseases, the increase in prevalence of chronic diseases, the rise in geriatric population, and availability of many large hospitals in this region. Further, Asia Pacific is expected to grow at the fastest rate during this forecast period.

Market Key Players

Some key operating players are discussed in this report such as Medtronic Plc., Terumo, Baxter International, Fresenius Kabi, Becton Dickinson, B. Braun Melsungen, MOOG INC., Nipro Corporation, Smiths Medical , Roche Diagnostics, Teleflex, Inc., and ICU Medical, Inc.

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[supermarkettrends]

Infusion Pump System, Accessories and Software Market - Trends and Forecast To 2024

North America infusion pump systems, accessories and software marketis expected to reach USD 6,320.0 million by 2024 from USD 4,137.1 million in 2016, at a CAGR of 5.5% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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https://bit.ly/2WDlWoO

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North America Infusion Pump System, Accessories and Software Market - Trends and Forecast To 2024

North America infusion pump systems, accessories and software marketis expected to reach USD 6,320.0 million by 2024 from USD 4,137.1 million in 2016, at a CAGR of 5.5% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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IV INFUSION BOTTLE SEALS & CAPS MARKET ANALYSIS(2020-2027)

IV Infusion Bottle Seals & Caps Market, by Product Type (Polypropylene Caps ( Euro Pull Ring Caps, Double Fold Caps, and Foil Caps) and Rubber Seals), by Neck Size (Up to 20 mm, 21 to 28 mm, 29 to 32 mm, and Above 32 mm), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Seals and caps are used as the closure for the packaging of pharmaceutical liquids, syrup, parenteral formulations, and others. The main function of such seals and caps is to prevent the contamination and keep the content intact.

The global IV infusion bottle seals & caps market size is estimated to be valued at US$ 104.3 million in 2020 and is expected to exhibit a CAGR of 2.6% over the forecast period (2020-2027).

Figure 1. Global IV Infusion Bottle Seals & Caps Market Value (US$ Mn), by Region, 2020

Increasing prevalence of chronic disorders is expected to propel the market growth over the forecast period:

Rising global burden of chronic diseases is expected to increase the demand for IV infusion products, thereby expected to drive growth of the market over the forecast period. For instance, according to a report by World Health Organization (WHO), 2017, chronic diseases are the major cause of disabilities, worldwide. Moreover, 73% of deaths in 2020 is expected to be due to chronic diseases. In addition, four of the most prominent chronic diseases include cardiovascular, cancer, pulmonary, and type 2 diabetes.

Moreover, according to the World Health Organization (WHO), around 18.1 million cancer cases and 9.6 million deaths were registered globally in 2018. The increasing cancer burden is due to several factors, including population growth and geriatric population.

 Figure 2. Global IV Infusion Bottle Seals & Caps Market Share (%), by Neck Size, 2020

Rising investments by the private equity firms is expected to drive the market growth over the forecast period:

Many equity firms are investing in the packaging industry, which is expected to expand the product offerings in the market. For instance, in August 2020, Creador, a Malaysia-based private equity firm invested US$ 34.1 Mn in the Shriji Polymers (India) Ltd., a manufacturer of high-density poly ethylene bottles, polypropylene caps, and other specialty products. The investment is expected to expand Shriji’s product offerings and global presence, and Creador gained a minority stake in the Shriji Polymers.

However, rising utilization of IV bags is replacing the conventional infusion bottles, which has reduced the demand for infusion bottle and this is further expected to hinder the IV infusion bottle seals & caps marketgrowth over the forecast period.

Global IV Infusion Bottle Seals & Caps Market – Impact of Coronavirus (COVID-19) Pandemic:

The coronavirus (COVID-19) pandemic and lockdown in various countries, across the globe have impacted the financial status of businesses in all sectors. The lockdown in various countries due to the pandemic has placed an economic burden on the healthcare sector.

Additionally, in such pandemic, authorization by the regulatory authority for IV infusion therapy is expected to drive growth of the global IV infusion bottle seals & caps market over the forecast period. For instance, in May 2020, the U.S. Food and Drug Administration (FDA) issued blanket COVID-19 Emergency Use Authorization for the IV infusion pumps and accessories required for the infusion therapy for COVID-19 patients. The authorization also covers IV administration sets, containers and catheters, and patient-controlled pumps for delivering painkillers.

Key Players:

Major players operating in the global IV infusion bottle seals & caps market include Cardinal Health Inc., Jiangsu changjiang Lids, Taiwan Hon Chuan Enterprise, PrasadMeditech, Winfield Laboratories Inc., Datwyler HoldingAG, Wuxi Qitian Medical Technology Co., Ltd, Medline Industries Inc., RENOLITSE, and B. Braun Medical Inc.

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[kbvresearch]

Latest release published on KBV Research News

Latest press release on:

Infusion Pumps and Accessories Market to reach $9.6 billion by 2023

According to a new report Global Infusion Pumps and Accessories Market, published by KBV research, The Global Infusion Pumps and Accessories Market size is expected to reach $9.6 billion by 2023, rising at a market growth of 6.1% CAGR during the forecast period.

The Accessories & Disposables held the largest share in the Global Infusion Pumps and Accessories Market by product in 2016. The Devices & Pumps market is expected to witness a CAGR of 7.8% during (2017 – 2023).

The Hospitals market dominated the Global Infusion Pumps & Accessories Market by End User in 2016 and would continue to be a dominant market till 2023. The Ambulatory Surgical Centers (ASCs) market is expected to witness a CAGR of 5.9% during (2017 – 2023).

The Gastroenterology would be the dominant segment in the Global Infusion Pumps & Accessories Market by Application by 2023. The Other Application market is expected to witness highest CAGR of 7.3% during (2017 – 2023).

The North America market dominated the Global Infusion Pumps & Accessories Market by Region in 2016 and would continue to be a dominant market till 2023. The Asia Pacific market is expected to witness a CAGR of 7.7% during (2017 – 2023).

Full Report: https://kbvresearch.com/infusion-pumps-accessories-market/

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 Global Infusion Pumps & Accessories Market have been discussed in the report with the elaborated company profiles of Mindray Medical International Limited, B. Braun Melsungen AG, Becton, Dickinson and Company, Baxter International Inc, Chemyx Inc., Hoffmann-la Roche Ltd, Pfizer Inc, Medtronic, Inc., Terumo Corporation, and Smiths Medical.

Global Infusion Pumps & Accessories Market Size Segmentation

By Product

Devices & Pumps

Syringe Infusion Pumps

Insulin Infusion Pumps

Volumetric Infusion Pumps

Ambulatory Infusion Pumps

Patient Controlled Analgesia Pumps

Implantable Infusion Pumps

Enteral Infusion Pumps

Epilepsy & Unexplained Falls

Accessories & Disposables

Infusion Catheters

Valves

IV sets

Cannulas

Tubing

Needles

Other Disposables

By Application

Diabetes

Gastroenterology

Analgesia & Pain Management

Chemotherapy

Pediatrics & Neonatology

Others

By End User

Hospitals

Home Care

Ambulatory Surgical Centers (ASCs)

Others

By Geography

North America Infusion Pumps and Accessories Market Size

US Infusion Pumps and Accessories Market Size

Canada Infusion Pumps and Accessories Market Size

Mexico Infusion Pumps and Accessories Market Size

Rest of Global Infusion Pumps and Accessories Market Size

Europe Infusion Pumps & Accessories Market

Germany Infusion Pumps & Accessories Market

UK Infusion Pumps & Accessories Market

France Infusion Pumps & Accessories Market

Russia Infusion Pumps & Accessories Market

Spain Infusion Pumps & Accessories Market

Italy Infusion Pumps & Accessories Market

Rest of Europe Infusion Pumps & Accessories Market

Asia Pacific Infusion Pumps & Accessories Market

China Infusion Pumps & Accessories Market

Japan Infusion Pumps & Accessories Market

India Infusion Pumps & Accessories Market

South Korea Infusion Pumps & Accessories Market

Singapore Infusion Pumps & Accessories Market

Malaysia Infusion Pumps & Accessories Market

Rest of Asia Pacific Infusion Pumps & Accessories Market

LAMEA Infusion Pumps & Accessories Market

Brazil Infusion Pumps & Accessories Market

Argentina Infusion Pumps & Accessories Market

UAE Infusion Pumps & Accessories Market

Saudi Arabia Infusion Pumps & Accessories Market

South Africa Infusion Pumps & Accessories Market

Nigeria Infusion Pumps & Accessories Market

Rest of LAMEA Infusion Pumps & Accessories Market

Companies Profiled

Mindray Medical International Limited

Braun Melsungen AG

Becton, Dickinson and Company

Baxter International Inc

Chemyx Inc.

Hoffmann-la Roche Ltd

Pfizer Inc

Medtronic, Inc.

Terumo Corporation

Smiths Medical

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Exhaustive coverage of Global Infusion Pumps and Accessories Market Size

Highest number of market tables and figures

Subscription based model available

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Related Reports:

North America Infusion Pumps and Accessories Market (2017-2023)

Europe Infusion Pumps and Accessories Market (2017-2023)

Asia Pacific Infusion Pumps and Accessories Market (2017-2023)

LAMEA Infusion Pumps and Accessories Market (2017-2023)

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IV Infusion Pump Accessories Market Share, Overview, Competitive Analysis and Forecast 2031

[ellinapark]

Rapid Infuser Market to Scale New Heights as Market Players Focus on Innovations 2022 – 2027

Latest business intelligence report released on Global Rapid Infuser Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Rapid Infuser market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are

ZOLL Medical Corporation (United States)

410 Medical (United States)

Belmont Medical Technologies (United States)

3M (United States)

Smiths Group plc (United Kingdom)

Teleflex Incorporated (United States)

BD (United States)

Smisson-Cartledge Biomedical (United States)

Stryker (United States)

Terumo Corporation (United States)

Rapid infuser device is capable to deliver the fluid from slow to rapid continuous flow. This type of device is generally used in emergency situations for safe and effective treatment when patients are admitted with hypovolemic shock or excessive blood loss. There are two types of rapid infuser devices one is driven by a compressor and the other is connected to hospital wall pressurized outlets. The rapid infuser is used in various medical procedures such as Anesthesia and intensive care unit, Emergency unit, Obstetrics and gynecology, and Urology division. North America, Europe, & APAC Rapid Infuser & its accessories market was valued at USD 360.34 Million in 2019 and is expected to reach USD 472.17 Million by 2025. The rapid infuser is the device most prominently used in emergency situations. Equipment to diagnose, monitor, and treat COVID-19 patients such as anesthesia devices, mobile X-ray and ultrasound equipment, rapid infusers, and infusion pumps face select localized shortages. The rise in the incidences of life-threatening diseases like COVID-19 across the globe is undoubtedly a significant factor in the growth of the market. The growing scale of hospitals and clinics with the spread of COVID-19 is positively impacting the market growth. Key Market Trends: Significant Demand For Blood, Plasma, & Crystalloid Fluids, Furthers Massive Transfusion Application

Surge In Ambulatory Healthcare Facilities Opportunities: The Improving Scenario For Availing Better Health Care Facilities In Countries Such As India And China Market Growth Drivers: Rise In Incidence Of Chronic Pulmonary Diseases

Growing Use Of Hypothermia In Cases Of Blood Loss Or Trauma During Surgery Challenges: The Global Rapid Infuser Market segments and Market Data Break Down 24437

Presented By

AMA Research & Media LLP

[researchvishal]

Infusion Pumps Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

According to a recent market study by Future Market Insights (FMI), the global infusion pumps market share was estimated to be worth US$ 4.4 billion in 2022 and is projected to grow to US$ 6.6 billion by 2030.

As per World Health Organization’s projections, there were 422 million diabetic people as of 2014, with a 5% increase in premature mortality.

Consequently, there has also been an increase in associated co-morbidities such as strokes, heart attacks, kidney failure and visual impairment. As a result, infusion pump usage has upticked in order to provide the appropriate medication and nutritional input.

To facilitate efficient drug delivery, manufacturers have incorporated various technological advancements in recent years. Additionally, the advent of wearable and smart infusion pumps is further fueling the market’s revenue prospects.

Global Infusion Pumps Market- Key Takeaways

Rising prevalence of cancer to push forward oncology-grade infusion pumps usage in the coming years

Ambulatory pumps are poised to hold major sway in the wake of swift drug and nutrient delivery

Europe to pivot global infusion pumps market growth, capturing over 1/3rd of the revenue pie

Global infusion pumps market is likely to surpass US$ 6 Bn by 2030-end

Favorable business reimbursement policies are expected to bolster infusion pumps demand in coming years

COVID-19 Impact Analysis

The COVID-19 pandemic is anticipated to have a moderate impact on the global infusion pumps market. In the initial months of the pandemic’s onset, a slump in the demand-supply equation was observed. This was in response to the imposition of lockdowns and social distancing protocols. Eventually, a resurgence was recorded.

In recent months, regulatory authorities such as the U.S Food and Drug Administration (FDA) issued emergency use authorization to increase the availability of infusion pumps and related accessories. Infusion pumps have been pivotal in administering vital medicines and parenteral nutrition to patients admitted for chronic ailments.

As hospitals reach a saturation point, governments are providing flexibility to infusion pump manufacturers to address supply shortages by permitting them to resume operations. This is slated to sustain the infusion pumps market demand in the short-term forecast.

 “Manufacturers are concentrating on embedding smart data assimilation software within their product designs to facilitate seamless and error-free infusion procedures across healthcare settings,” infers the FMI analyst.

Global Infusion Pumps Market- Competitive Intelligence

Prominent infusion pump companies include:- Fresenius Kabi AG, Terumo Corporation, Medtronic Plc, Baxter International Plc., Smith Medical, MOOG Inc., Johnson & Johnson Services Inc., ICU Medical Inc. and Becton Dickinson & Company among others.

Product launches, expansions, collaborations and other inorganic strategies are being pursued by the aforementioned players. In 2021, Terumo Corporation announced the launch of its TERUFUSION Infusion Pump Type LM Series which utilize smart cutting-edge IT solutions to deliver optimal management and prevents inadvertent excess infusion of drugs into the patient.

In 2010, Hospira Inc. partnered with Smith Medical to market and promote various infusion pumps. The companies collaborated in order to co-promote Hospira’s Symbiq and Plum A+ general infusion pumps along with its Hospira MedNet safety software. The venture also promoted Smith Medical’s Medfusion syringe pumps with the PharmGuard Medication Safety Software.

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More Insights on the Infusion Pumps Market Report

A recent market study published by FMI on the ophthalmic lasers market includes the global industry analysis of 2015-2021 & opportunity assessment for 2022-2030, and delivers a comprehensive assessment of the most important market dynamics.

The report incorporates an unbiased analysis of the following segments: product type (syringe pumps, ambulatory pumps, volumetric pumps, implantable pumps, insulin pumps, enteral pumps, PCA pumps and pump accessories), application (chemotherapy/oncology, pediatrics/neonatology, analgesia, gastroenterology, hematology and diabetes), end-user (hospitals, ambulatory surgical centers, homecare, clinics and others) and region (North America, Latin America, Europe, MEA, East Asia, South Asia and Oceania).

Key Segments:

By Product Type:

Syringe Pumps

Ambulatory Pumps

Volumetric Pumps

Peristaltic

Cassette/Piston

Implantable Pumps

Insulin Pumps

Enteral Pumps

PCA Pumps

Pump Accessories

By Application:

Chemotherapy/Oncology

Pediatrics/Neonatology

Analgesia

Gastroenterology

Hematology

Diabetes

By End User:

Hospitals

Ambulatory Surgical Centers

Home Care

Clinics

Others 

[nikhilghodse20051994]

Infusion Pumps Market Size, Share, Trends, Growth and Forecast Till 2028 | The Insight Partners

The Infusion Pumps Market was valued at US$ 11,378.8 million in 2017 and it is projected to reach US$ 18,045.6 million by 2025; it is expected to grow at a CAGR of 6.2% from 2018 to 2025.

The report highlights the trends prevalent in the global infusion pumps market and the factors driving the market along with those that act as restraints to its growth. The global infusion pumps market is witnessing a sheer rise in the current scenario and is expected to expand in the coming years. Growing geriatric population is an important factor expected to propel the demand of infusion pumps market.

Infusion pumps are widely used in geriatric population as it is an improved method to administer medication/ hormone/ nutrition and others. For instance, diabetes is a major cause of morbidity and mortality in ageing population that later largely attributable to various chronic complications. The number of ageing people with diabetes is increasing due to increased lifespan and the increased prevalence of diabetes in the geriatric population in the United States and worldwide. Infusion pump for diabetes provides more flexibility to the patient’s lifestyle while giving them greater control of the disease.

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The plastic surgical procedures like liposuction, abdominoplasty, and mammoplasty, require short hospital stay, patients are discharged for ambulatory recovery on oral analgesic management. However, anesthetists have started using infusion pumps to achieve adequate outpatient analgesic control. These pumps continuously administer and maintain constant plasma concentrations. According to the American Society of Plastic Surgeons in 2017, there were around 17.5 million surgical and minimally invasive plastic procedures performed in the United States.

Global infusion pumps market, based on type was segmented as, ambulatory pumps, volumetric pumps, syringe pumps, and accessories. In 2017, volumetric pumps segment held the largest share by the market, by type. This is mainly attributed to the benefit such as, accurate administration of large volume of drugs to patients.

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The growth of the infusion pumps market is primarily attributed to increasing incidence of chronic diseases. Moreover, the increasing number of surgical procedures performed is expected to fuel the market growth. Infusion pumps are used during surgeries to send pain medicine through catheter to a specific part of your body. Infusion pumps can provide targeted and consistent medicine to decrease the pain. They are used when other methods are less effective or when the patient need long-term medicines or fluids.

The List of Companies

BD

B. Braun Melsungen AG

Terumo Corporation

F. Hoffmann-La Roche Ltd.

Medtronic

Baxter International, Inc.

Smith Medical

Moog, Inc.

ICU Medical, Inc.

Insulet Corporation

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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[latestanalysis]

Global IV Infusion Pump Accessories Market Top Competitors, Application, Price Structure, Cost Analysis, Regional Growth

Global IV Infusion Pump Accessories Market

The Global IV Infusion Pump Accessories Market is expected to witness a CAGR of approximately 5.9% over the forecast period, 2020-2027.

IV infusion pump accessories are medical devices which are used to convey solutions and fluids into body of patient in controlled measurement. Infusion pumps are classified on the basis of use such as Stationary use and portable use. The infused fluids are nutrients or medications which are important for therapeutics or medical treatments. IV infusion pump accessories categorized into various product types such as into IV Infusion Sets, IV Infusion Lines, IV Catheters, IV Cannulas, and Needleless Connectors.

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Market Drivers

The increase in incidence of chronic diseases such as Cancer, Diabetes, and gastrointestinal issues is a key driving factor expected to boost the global IV infusion pump accessories market growth. Furthermore, the rise in geriatric population across the globe is expected to propel the global IV infusion pump accessories market growth. Also, the increase in demand for IV infusion pump accessories in home care settings will significantly influence the market growth. Moreover, the increase in awareness towards home healthcare, and numerous application of IV infusion pumps is expected to drive the demand of IV infusion pump accessories during this forecast timeline.

Market Restraints

Stringent regulatory requirements for new product approval are expected to hamper the global IV infusion pump accessories market growth. Also, the rise in incidences of medication errors and lack of awareness connectivity in most hospitals will limit the global IV infusion pump accessories market growth.

Market Segmentation

The Global IV Infusion Pump Accessories Market is segmented into product type, application, and region.

Based on the product type, the IV infusion pump accessories market is categorized into IV Infusion Sets, IV Infusion Lines, IV Catheters, IV Cannulas, and Needleless Connectors.

Based on the application, the IV infusion pump accessories market is categorized into Homecare Settings, Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, and Others.

Based on the region, the IV infusion pump accessories market is categorized into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Regional Analysis

The North America is expected to hold largest market share in the IV infusion pump accessories market The large market share of this region can primarily be attributed the increase in adoption of IV infusion pumps and accessories for the treatment of chronic diseases, the increase in prevalence of chronic diseases, the rise in geriatric population, and availability of many large hospitals in this region. Further, Asia Pacific is expected to grow at the fastest rate during this forecast period.

Market Key Players

Some key operating players are discussed in this report such as Medtronic Plc., Terumo, Baxter International, Fresenius Kabi, Becton Dickinson, B. Braun Melsungen, MOOG INC., Nipro Corporation, Smiths Medical , Roche Diagnostics, Teleflex, Inc., and ICU Medical, Inc.

Market Taxonomy

By Product Type

IV Infusion Sets

IV Infusion Lines

IV Catheters

IV Cannulas

Needleless Connectors

By Application

Homecare Settings

Hospitals

Ambulatory Surgical Centers

Diagnostic Centers

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.

[industryinsights]

Insulin Pumps Market Trends, Size Analysis, Industry Outlook, & Region Forecast Till 2028

Insulin Pumps Market Trends, Share and Growth Analysis By Type (Traditional Insulin Pumps, Smart Insulin Pumps and Disposable Insulin Pumps), Accessories (Insulin Reservoirs, Infusion Sets and Infusion Set Insertion Devices), Application (Type I Diabetes and Type II Diabetes), End User (Hospitals and Clinics, Home Care, Laboratories)

As per Market Research Future (MRFR) analysis, the global insulin pumps market is anticipated to reach USD 8,520.9 Million with a CAGR of 8.4% CAGR from 2017 to 2023 (forecast period). Insulin pumps are medical devices used in dispersing doses of insulin at specific intervals to diabetic patients. They are connected to the patient's body and the insulin is delivered through a catheter inserted under the skin. These pumps are considered to be an adequate substitute for injections due to their improved blood glucose control. The global insulin pumps market report contains useful insights, trends, and opportunities for the forecast period. The impact left by the COVID-19 pandemic and its aftereffects on production and manufacture of insulin pumps are explored.

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Market Dynamics

The global insulin pumps market is primarily driven by the large diabetic populace. The exorbitant costs for insulin shots and the frequent hospital visits are likely to drive the demand for insulin pumps. According to the World Health Organization (WHO), 347 million people were diagnosed with diabetes in 2008. Similarly, as per the International Diabetes Federation (IDF) around 384 million people had diabetes in 2013, and the number expected to rise to 592 million by 2035. Emergence of insulin pump therapy for diabetics can be opportune for the market. The inclination towards home care and its preference by the elderly are expected to positively impact the global insulin pumps market.

COVID-19 is a respiratory disease caused by SARS-CoV-2 coronavirus. The current pandemic caused by the COVID-19 virus has had an enormous impact on the medical device industry. COVID-19 has increased the need for protective equipment and the attention. In order to lower the mortality rate in diabetics, insulin firms are taking steps in ensuring a seamless shopping experience online. Availability of mobile applications for checking insulin levels, reminders on insulin intake, and alerts on shortage or refills can bode well for the global insulin pumps market growth till 2023.

Segmentation

The global insulin pumps market has been segmented by type, accessories, application, and end-user. 

Based on type, the global market is divided into traditional insulin pumps and disposable insulin pumps. The traditional insulin pump segment was the largest in the world and held a value of USD 2.696.9 million in 2016. Traditional insulin pumps have an insulin container and a pumping mechanism placed attached to the body. On the other hand, disposable insulin pumps are worn directly on the body. Such insulin patch pumps have a pumping system, a container, and an infusion, all packed in a small case. These patch pumps administer insulin at the push of a button and gain a larger share in the coming years due to its convenience.

Accessories in the market are infusion sets, insulin reservoirs, and infusion set insertion devices.

Based on the application, the market for insulin pumps is divided into type I diabetes and type II diabetes.

Based on the end-user, the global demand for insulin pumps is segmented into laboratories, hospitals & clinics, and home care centers. The hospital & clinic segment is poised to hit a value of USD 3.908.8 million by 2023. This can be attributed to the facilities acting as the primary point of care for diabetics.

Regional Analysis

Based on the region, the global insulin pumps market is segmented into North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

North America is expected to be the largest market for insulin pumps. This can be attributed due to the presence of various insulin device manufacturers and pharmaceutical companies, state-of-the-art healthcare infrastructure, and rapid adoption of new products and treatments.

The APAC region is anticipated to be the fastest-growing in the global insulin pumps market due to increasing healthcare costs and the rapidly expanding healthcare sector. Demand is higher in high-income nations, but the market is heading towards developing and emerging Asian economies, such as China and India. A large geriatric populace, high numbers of diabetics, wireless pumps, and development of mobile applications for tracking insulin levels are other factors expected to drive the regional insulin pumps market growth.

Key Players

The leading participants in the global insulin pumps market are Abbott Laboratories, F. Hoffmann-La Roche AG, Insulet Corporation, Becton, Dickinson and Company, Braun Melsungen AG, Medtronics, and Sanofi.

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