According to a new report published by Allied Market Research, titled, โIntravenous Infusion Pump Market: Global Opportunity Analysis and Industry Forecast, 2021-2030โ The global intravenous infusion pump market was valued at $4,154.30 million in 2020, and is estimated to reach $8,147.20 million by 2030, growing at a CAGR of 7.10% from 2021 to 2030.Intravenous infusion pump is a medical device used to infuse medications or nutrients into a patientโs circulatory system. These are commonly found in a medical setting, as they are widely used in transferring medications in accurate dosages.
The key factors that drive the growth of the global intravenous infusion pump market are increase in geriatric population and rise in prevalence of chronic diseases. In addition, surge in adoption of portable infusion pumps to reduce hospital expenditure is expected to supplement the growth. However, patient safety risks and medication errors related to infusion pumps restrict the intravenous infusion pump market growth. Conversely, technological advancements in infusion pumps are expected to create lucrative opportunities for key market players during the forecast period.
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COVID-19 Impact Analysis:
The COVID-19 pandemic has led to an increase in the demand for intravenous infusion pumps and related systems, as majority of the hospitalized patients, especially those in ICUs, are medicated via intravenous infusion pumps due to their ability to deliver precise doses automatically at set times.
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The key factors that drive the growth of the global intravenous infusion pump market are increase in geriatric population and rise in prevalence of chronic diseases. In addition, surge in adoption of portable infusion pumps to reduce hospital expenditure is expected to supplement the growth. However, patient safety risks and medication errors related to infusion pumps restrict the intravenous infusion pump market growth. Conversely, technological advancements in infusion pumps are expected to create lucrative opportunities for key market players during the forecast period.
Key Market Players
The key players profiled in this report include F. Hoffmann-La Roche Ltd., Fresenius SE & Co. KGaA, B. Braun Holding GmbH & Co. KG, Becton, Dickinson and Company, Baxter International, Inc., Terumo Corporation, Medtronic, Smith Medical, ICU Medical, Inc., and Tandem Diabetes Care, Inc.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global intravenous infusion pump market to identify the prevailing opportunities.
- This study presents the competitive landscape of the global intravenous infusion pump market to predict the competitive environment across geographies.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- Region- & country-wise analysis is provided to understand the intravenous infusion pump market trends and dynamics
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