Connected Care: Integrating IoT in the Infusion Pumps Landscape
Amruta Jadhav
Infusion Pumps Market size was valued at USD 9.92 Bn. in 2022 and the total Infusion Pumps revenue is expected to grow at a CAGR of 8.8% from 2023 to 2029, reaching nearly USD 17.91 Bn.
Infusion Pumps Market Overview:
This Infusion Pumps market study looks at current and emerging industry trends and dynamics in the global Infusion Pumps market. Infusion Pumps Extensive market forecasting for the major market segments is carried out between 2022 and 2029. Extensive Infusion Pumps market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Infusion Pumps market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Infusion Pumps market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Infusion Pumps market environment. Increased demand for Infusion Pumps is driving the market. The Infusion Pumps market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
In 2022, volumetric infusion pumps dominated the Infusion Pumps market with the most market share of 32%. By the conclusion of the projected period, the segment is predicted to have the largest share and continue to dominate. These pumps' considerable market share was due to their capacity to deliver consistent, highly accurate fluid quantities at incredibly slow to extraordinarily fast rates. Compared to other pump types, volumetric infusion pumps have the greatest market potential due to their extensive variety of applications in parenteral nutrition and sickness management. The safety, accuracy, and ease of use of infusion pumps in the treatment of various therapeutic areas are factors contributing to their increasing demand.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market's major influencing factors, as well as complete company profiles of
1. Becton, Dickinson and Company (US)
2. Baxter International Inc. (US)
3. ICU Medical, Inc. (US)
4. Smiths Medical (US)
5. Moog Inc. (US)
6. Avanos Medical, Inc. (US)
7. Insulet Corporation (US)
8. Tandem Diabetes Care (US)
9. InfuTronix Solutions LLC (US)
10. Zyno Medical LLC (US)
11. Teleflex, Inc. (US)
12. CODAN Medizinische Geräte GmbH & Co KG (Germany)
13. B. Braun (Germany)
14. Fresenius Kabi (Germany)
15. Medtronic PLC (Ireland)
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Infusion Pumps market study. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Infusion Pumps Market:
The COVID-19 epidemic has had a significant impact on the global Infusion Pumps industry. Infusion Pumps Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Infusion Pumps market to decelerate in 2020. The negative impact of COVID-19 on the Infusion Pumps market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2022, owing to increased demand for Infusion Pumps.
Key Questions Answered in the Infusion Pumps Market Report are:
- Which segment was responsible for the largest share in the Infusion Pumps market?
- How was the competitive scenario of the Infusion Pumps market in 2022?
- Which are the key factors responsible for the Infusion Pumps market growth?
- Which region held the maximum share in the Infusion Pumps market in 2022?
