Market Industry Reports (MIR) has published a new report titled “Infusion Pump Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global infusion pump market is estimated to be over US$ 11.5 Bn in 2018. It is anticipated to grow at a substantial CAGR from 2019 to 2030.
New York, NY -- (SBWIRE) -- 06/13/2019 -- A device used to deliver fluids in a controlled manner into a patient's body is called an infusion pump. It is on the basis of the end purpose and the various environments that the many different types of infusion pumps are used.
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The infusion pump has several applications such as in implantation therapy.
The device is used to improve drug delivery, flexibility toxicity in drug and the ineffectiveness of the drug. The increasing use of portable infusion pumps which are comparatively lightweight, small, with an easy user interface and technological advancements are all major factors that have fundamentally contributed to the overall extensive growth of the global market. The high costs of infusion pumps, however, may restrain the market to a certain extent.
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Over the years, the rising percentage of geriatric population along with increase in chronic diseases has played a vital role in contributing to the growth of the global infusion pump industry. Several countries, namely India, China, Japan, Brazil and other developing countries have emerged as essential contributors to global infusion pump market. Multiple factors have been responsible for attracting patients to use infusion pumps. Safety, better facilities, convenience, and advanced technologies have been vital in contributing to the infusion pump devices. Recent innovations have led to smaller and smarter pumps with availability of advanced technology, and they have been a major driver for the global infusion pump market, which is further anticipated to grow in the coming years.
The prominent players in the global infusion pump market are Baxter International, BD, B. Braun Melsungen AG, ICU Medical, Inc., Fresenius Kabi AG, Medtronic, Terumo Corporation, Halyard Health, Mindray Medical International Limited and Insulet Corporation among others.
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