The Ambulatory IV infusion Pumps by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ambulatory IV infusion Pumps, The ambulatory iv infusion pumps market size has grown steadily in recent years. It will grow from $0.81 billion in 2023 to $0.84 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to rapid growth in the elderly population, economic growth in emerging markets, and technological advancements.
The ambulatory iv infusion pumps market size is expected to see steady growth in the next few years. It will grow to $0.97 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to increasing prevalence of chronic diseases, increasing demand for improved infusion pumps, covid-19 impact, rise in healthcare expenditure, and increasing oncology cases in the geriatric population . Major trends in the forecast period include focusing on smart ambulatory infusion pumps devices and software, developing new product, deploying technologies, and consider acquiring smaller drug delivery device companies.
The rise in the prevalence of people with chronic pain, cancer, and diabetes is a significant factor for the ambulatory IV infusion pumps market, as these pumps are commonly used to deliver pharmaceutical drugs during the treatment of these diseases. Chronic illnesses and disorders are on the rise around the world. An aging population and shifts in social behavior lead to a gradual increase in these widespread and expensive long-term medical issues. An ambulatory IV infusion pump is a medical device that transfers regulated doses of nutrients or drugs into a patient’s body, such as chemotherapy medicines, pain relievers, antibiotics, insulin, or other hormones, at home. In September 2023, the World Health Organization (WHO) reported that chronic diseases kill 41 million people each year, equivalent to 74% of all deaths globally. Therefore, the rise in the prevalence of chronic diseases is expected to drive the growth of the ambulatory IV infusion pumps market.
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The ambulatory iv infusion pumps market covered in this report is segmented –
1) By Therapy: Chemotherapy Infusion Pumps, Anti-Infective Infusion Pumps, Other Therapies
2) By Application: Chemotherapy/Oncology, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Hematology, Anti-Infective, Other Applications
3) By Patient Care Setting: Hospitals, Home Healthcare, Other End Users
Companies in the ambulatory IV infusion pump market are increasingly focusing on developing smart infusion pumps. The use of wireless technology in health monitoring devices is increasing, which enhances the ease of usage, connectivity, and data analysis. The integration of wireless technology allows the transfer of data from the device to a smartphone or a wireless device through Bluetooth or cellular connection for data processing and then to display the results, which can be used for further study and to check the health condition of the individual. Software platforms are being developed that allow patient monitoring and reduce human error.
The ambulatory iv infusion pumps market report table of contents includes:
1. Executive Summary
2. Ambulatory IV infusion Pumps Market Characteristics
3.Ambulatory IV infusion Pumps Market Trends And Strategies
4.Ambulatory IV infusion Pumps Market analysis
5. Ambulatory IV infusion Pumps Market Size And Growth
6.Ambulatory IV infusion Pumps Segmentation
7.Ambulatory IV infusion Pumps Regional And Country Analysis
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27.Ambulatory IV infusion Pumps Competitive Landscape And Company Profiles
28.Ambulatory IV infusion Pumps Key Mergers And Acquisitions
29. Ambulatory IV infusion Pumps Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Becton Dickinson and Company
- Baxter International
- B. Braun Holding GmbH & Co. KG
- Smiths Medical
- ICU Medical Inc
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