Global Infusion Pump Market to Hit USD 16.09 Billion with 7.1% CAGR by 2026
Pune, India, April 05, 2021 (GLOBE NEWSWIRE) — “The global infusion Pump market size is predicted to reach USD 16.09 billion by 2026, exhibiting a CAGR of 7.1% during the forecast period.”
The increasing prevalence of chronic diseases will spur demand for infusion Pump in the forthcoming years. Moreover, the growing advancements in drug delivery systems will boost the market trends during the forecast period. The increasing adoption of advanced treatment techniques will have a positive impact on the infusion Pump industry growth in the foreseeable future.
The market size stood at USD 9.28 billion in 2018. The global infusion Pump market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about market status, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis. From raw materials to downstream buyers of this industry has been analyzed scientifically, the feature of product circulation and sales channel is presented as well. This report is aimed at helping companies, investors and potential shareholders along with venture capitalists establish a bird’s eye view prospect of industrial development and characteristics of the market. The report also benefits its readers by providing the unrivalled data in well-organized manner.
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The market in North America stood at USD 3.41 billion in 2018. The growth in region is attributed to higher diagnosis and treatment rates for diabetes coupled with high adoption of ambulatory infusion Pump. Moreover, favorable reimbursement policies will aid growth in the region. Europe is predicted to witness steady growth during the forecast period owing to the prevalence of chronic diseases in the region.
Growing Cases of Cancer and Diabetes to Aid Market Expansion
The increasing incidence of cancer among patients will spur opportunities for the infusion Pump market during the forecast period. According to the World Health Organization (WHO), in 2018, cancer was estimated to be the second most prominent cause of death globally and is responsible for about 9.6 million deaths. Cancer patients require chemotherapy which is to be delivered to the patients in a continuous manner which can be achieved by using the infusion Pump. Moreover, the knowledge about the advantages of infusion Pump such as the ability to administer fluids in small dosage and at accurate programmed rates will promote the infusion Pump industry revenue.
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Furthermore, the growing cases of diabetes will fuel demand for infusion Pump, which in turn, will bolster healthy growth of the market. according to the International Diabetes Federation (IDF), in 2019, the prevalence of diabetes was estimated to be around 463 million cases worldwide. For instance, the insulin infusion Pump are used to administer drugs to maintain blood-sugar level in the bloodstream. In addition, infusion Pump are preferred in the management of type 1 diabetes.
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The eyewear market is fragmented in nature due to the presence of both local and international players. Currently, two players are dominating the market namely, Johnson and Johnson Services, followed by Alcon. Apart from key developments in the eyewear market, the report throws light on some of the significant players functioning in the market. These include:
- Fielmann AG
- Johnson & Johnson Services, Inc.
- Alcon (Part of Novartis AG)
- Safilo Group S.p.A
- Bausch Health Companies Inc.
- Carl Zeiss
- Other Prominent Players
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Infusion Pump Market Segmentation
• Volumetric Pump
• Syringe Pump
• Elastomeric Pump
• Insulin Pump
• Enteral Pump
• Implantable Pump
• Patient Control Analgesia (PCA) Pump
• Pain Management
By End User
• Ambulatory Care Settings
• Specialty Clinics
• Home Care Settings
• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
• Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• The Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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