Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research,Intravenous infusion pumps are used to administer medications, hormones, and nutritional fluids into the circulatory system through veins in controlled amounts.
Intravenous Infusion Pumps Market Growth & Trends
The global intravenous infusion pumps market size is expected to reach USD 2.26 billion by 2027, registering a CAGR of 5.9% over the forecast period according to a new report by Grand View Research, Inc. The introduction and development of specialty and smart pumps are imparting crucial growth of the market as they constitutes Dose-error Reduction Software (DERS) and customized drug libraries. According to a study conducted by Mindray Medical Company in 2018, medical pumps are the most conventional hospital rentals equipment.
To improve the safety and efficacy of intravenous infusion pumps, the U.S. FDA took an initiative known as the Infusion Pump Improvement Initiative in 2010, which focuses on supporting the benefits of generic pumps and minimizing the risk associated with it at the same time. FDA also launched a website that gives peculiar information about medical pumps to the patients, users, and other stakeholders. Several government collaborative researchprojects like the Generic Infusion Pump Project are introduced that are aimed at creating new methods for manufacturers for developing software for intravenous medical pumps. National Institute of Standards and Technology is working in collaboration with NCCoE to manufacture wireless medical pumps and such incorporation of various government policies and regulations will in turn propel the market.
The amalgamation of factors like the shift in technology, automation, and standardized dosing for the intravenous medical devices are anticipated to make therapy more convenient and user-friendly for patients. For instance, in May 2018, Baxter launched SPECTRUM IQ that allows patients records to be transferred directly from the EMR to the infusion system which is apt for home therapy as well as for therapies carried out in hospitals.
The haematology disease indication segment is anticipated to grow fast over the forecast period. Rising cases of blood cancer is driving demand for blood transfusion through haematology, thereby driving the segment. North America dominated the market in 2019 and is anticipated to maintain its dominance over the forecast period. Increasing number of surgeries, rising cases of chronic diseases, and R&D in healthcare sector is driving the market in the region.
Request a sample copy of the Intravenous Infusion Pump Market Research Report @https://www.grandviewresearch.com/industry-analysis/intravenous-infusion-pump-market/request/rs1
Intravenous Infusion Pumps Market Report Highlights
Ambulatory infusion pumps emerged as the largest product segment in 2019 owing to increasing use of delivery fluids such as nutrients and medications in case of emergencies and treatments like chemotherapy
The implantable infusion pumps segment is projected to register the highest CAGR over the forecast period as they offer advantages such as improved safety
The pediatrics/ neonatology segment dominated the market in 2019 in terms of disease indication as there has been growing incidences of premature birth and hence require optimum care and nutrition
In Asia Pacific, the market is projected to witness the fastest growth over the forecast period owing to the increasing number of geriatric and diabetic patients in the region.
Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/450357/ibb
Intravenous Infusion Pump Market Segmentation
Grand View Research has segmented the global intravenous infusion pumps market on the basis of product, disease indication, and region:
Intravenous Infusion Pumps Product Outlook (Revenue, USD Million, 2016 - 2027)
Volumetric Infusion pumps
Insulin Infusion pumps
Syringe Infusion pumps
Enteral Infusion pumps
Ambulatory Infusion pumps
Patient Controlled Analgesics (PCA)
Implantable Infusion pumps
Intravenous Infusion Pumps Disease Indication Outlook (Revenue, USD Million, 2016 - 2027)
Intravenous Infusion Pumps Regional Outlook (Revenue, USD Million, 2016 - 2027)
Middle East & Africa
List of Key Players of Intravenous Infusion Pumps Market
B. Braun Melsungen AG
Micrel Medical Devices SA
Boston Scientific Corporation
Smiths Medical, Inc.
Browse Related Report:
Insulin Patch Pumps Market : https://www.grandviewresearch.com/industry-analysis/insulin-patch-pump-market
Breast Pump Market : https://www.grandviewresearch.com/industry-analysis/breast-pumps-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist - U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
Country: United States