According to a new market research report published by sheer analytics and insights, “The global infusion pump market is expected to reach $17.1 Billion in terms of total market revenue (TMR) by 2025 at a CAGR of 5.88% from 2018 to 2025″, as per new market research report titled global infusion pump market(By product type- Ambulatory Infusion Pumps- Disposable, Chemotherapy. Volumetric Pumps, Insulin Infusion Pumps, Implantable Infusion Pumps, Syringe Pumps, Others. By application- Diabetes, Neonatology, Gastroenterology, Pain management, Others. By Country-The U.S., Canada, France, Germany, Italy, The U.K., Spain, China, Japan, and India) — global industry analysis, size, share, growth, trends, and forecast, 2017–2025, by Sheer Analytics & Insights Pvt. Ltd.
The infusion pump is a kind of device which is mainly designed for infusing drugs at lower doses at a controllable rate. It is mainly used for delivering medication or nutrients to a patient. Medications like antibiotics, insulin, pain relievers and chemotherapy drugs that are given to patients through the help of the insulin pump. Thus, it is reliable and cost effective. By producing highly controlled pressure, these insulin pumps inject a certain amount of fluids beneath the skin.
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The growing awareness about the advanced healthcare solutions and devices for better medical treatment of the patients is creating a positive impact on the growth of the global infusion pump market. The market is getting augmented with the growing number of geriatric populations suffering from chronic diseases like Crohn’s disease, rheumatoid arthritis, cancer, and others. The improvement in various healthcare devices is also making the market more demanding during the forecast period. Furthermore, these insulin pumps not only deliver precise and controlled dosages but also helps in reducing the total expense of the surgery. The flexible insulin pumps and the smart insulin pumps are the major factors influencing the global infusion pump market and its growth.
In the recent market research reports that were published by Sheer Analytics & Insights, the global infusion pump market has different segmentation. Geographically, the global infusion pump market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
A Chennai based healthcare startup named Vtitan has recently announced the product launch of the syringe infusion pumps. These pumps are the next generation medical devices that are specifically used for critical care administration in the hospitals and other healthcare centers. This ensures safe and accurate infusion of medication.
These infusion pumps are able to supply fluids like insulin, chemotherapy drugs, Â antibiotics, pain relievers, and others. Peri Kasthuri, Co-founder and CEO of Vtitan Corporation said, “We aim to create and build quality medical products in India for the global healthcare industry. Our major goal is to make medical device technology and product solutions available, accessible and affordable for all.”
Some of the major players in the global infusion pump market include prominent names like Animas Corporation, B. Braun Melsungen AG, Baxter International Inc., Fresenius Kabi AG, Medtronic, ICU Medical, Smiths Medical, Nipro Corporation, and Terumo Corporation.
Global Infusion Pump Market and its segmentation
By Product Type
- Ambulatory Infusion Pumps
- Volumetric Pumps
- Insulin Infusion Pumps
- Implantable Infusion Pumps
- Syringe Pumps
By Application Type
- Pain management
Global Infusion pump Market Has Been Segmented Into:
By Geography Type
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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