The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Intravenous Infusion Pumps Global Market Report 2023, the intravenous infusion pumps market is expected to show significant growth in the forecast period.

Key insights from the intravenous infusion pumps market forecast include:

1. Market Size

The worldwide market for intravenous infusion pumps is projected to expand from $5.32 billion in 2022 to $5.68 billion in 2023, with a 6.8% compound annual growth rate (CAGR). The market’s size is anticipated to reach $7.6 billion by 2027, growing at a CAGR of 7.5%.

2. Major Driver

The growing prevalence of chronic pain, cancer, and diabetes is a major factor fueling demand for intravenous infusion pumps. These pumps are essential for administering pharmaceutical drugs in the treatment of these conditions. The global increase in chronic diseases is attributed to factors like aging populations and changing social behaviors, leading to a higher incidence of long-term, costly medical conditions. Infusion pumps are vital for delivering regulated doses of drugs and nutrients, including chemotherapy medications, pain relief drugs, antibiotics, insulin, and hormones. The World Health Organization predicts a 57% rise in chronic disease prevalence by 2020. Consequently, the upsurge in chronic conditions is expected to propel the intravenous infusion pumps market.

View More On The Intravenous Infusion Pumps Market Report 2023 – https://www.thebusinessresearchcompany.com/report/intravenous-infusion-pumps-global-market-report

3. Key Trend

The intravenous infusion pumps market is witnessing a significant trend towards technological advancements. Innovations in infusion pump technology have transformed healthcare, enabling patients to receive treatments at home using smart intravenous infusion pumps, thereby reducing medication errors and enhancing patient safety. Major players like Fresenius Kabi, Q-Core Medical, Becton Dickinson, Micrel Medical Devices, and Baxter International are investing in smart infusion pumps. For example, vTitan, a Chennai-based healthcare company, introduced the next-generation Syringe Infusion Pumps for safe and reliable drug infusion in hospital and home-based critical care.

4. Largest Region

North America was the largest region in the intravenous infusion pumps market in 2022.

5. Major Players

Major players in the intravenous infusion pumps market are B. Braun Melsungen AG, Baxter International, Medtronic, Fresenius Kabi, Smiths Medical Inc., Becton Dickinson and Company, Terumo Corporation, F. Hoffmann-La Roche Ltd., ICU Medical Inc., and IRadimed Corporation.

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Key Intravenous Infusion Pumps Market Segments
The global intravenous infusion pumps market is segmented –

1) By Product: Volumetric, Syringe, Enteral, Ambulatory, IV Disposables, Other Products
2) By End-User: Hospitals, Ambulatory Surgical Centers, Cancer Treatment Centers, Specialty Clinics, Other End Users
3) By Application: Chemotherapy, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Haematology, Other Applications

The Intravenous Infusion Pumps Global Market Report 2023  provides an in-depth analysis on the intravenous infusion pumps market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the intravenous infusion pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Cardiac Assist Devices And Equipment Global Market Report 2023
Implantable Infusion Pumps Global Market Report 2023
Ambulatory IV Infusion Pumps Global Market Report 2023 

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