Global Infusion Pump Market to Post 5% CAGR till 2023, Predicts MRFR in Its Topical Research Study Available at MarketPublishers.com26 Oct 2017 • by Natalie Aster
LONDON – The world’s infusion pump market is enjoying steady growth. As of 2016, it crossed the value of over USD 6.53 billion. Between 2017 and 2023, the global infusion pump market is projected to register growth at a healthy 5% CAGR to exceed USD 9.71 billion.
Some of the prominent factors propelling the market growth are escalating prevalence of chronic and fatal diseases, continued technological progress, rising usage of infusion pumps for the delivery of drugs and other fluids, strong demand from the military medical units, amid others. However, the infusion pump market growth could be hampered by certain factors, for instance, enhancing concerns regarding patient safety, improper infusion causing severe consequences, high unmet needs in the low income nations, etc.
Basing on type, the world’s infusion pump market is led by the volumetric pump sector, which grabbed a 37.1% share of the overall market in 2016; this is primarily attributed to convenience in usage, high popularity of these pumps, effective delivery of necessary fluids. The global volumetric pump market is anticipated to increase at a 5.2% CAGR up till 2023 to go beyond USD 3.6 billion.
Prominent companies operating in the infusion pump market include ICU Medical, Baxter, Zyno Medical, Smiths Medical, Terumo Medical Corporation, Fresenius Kabi, B. Braun Melsungen, and Becton, Dickinson and Company.
In-demand topical report “Global Infusion Pump Market Analysis & Forecast 2017 To 2023” elaborated by Market Research Future (MRFR) gives an all-round analysis of the market covering the market structure, trends, segmentation, dynamics and landscape. It covers the key factors influencing the market growth, uncovers important industry performance estimates, touches upon the most recent developments and outlines future growth prospects and threats. Moreover, this publication delves into the competitive environment, uncovers relevant data on the prominent companies and offers valuable strategic recommendations. Additionally, this study includes a comprehensive future outlook up till 2023.
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