Precision infusion pump is commonly known as a mechanical or electronic control device that acts as a pump in order to control the rate of infusion by acting on the infusion catheter. This device is often seen being used in situations where there is strict control of infusion volume and dosage. A wide number of factors can be considered to understand the growth of the market in the coming years. Among them, the increasing prevalence of chronic diseases, the fast-paced growth of the geriatric population, expanding volume of surgical procedures that are being performed, and growing demand for ambulatory infusion pumps are some of the biggest driving factors driving a positive growth towards the market. Add to this, the growth in untapped geographies like India and China and the surging adoption level of specialty infusion pumps are all ensuring massive growth opportunities for the players operating in the market. The report published on the global smart pills market revealed the growth to be at a notable pace. The valuation of the smart pills market was further stated to surpass its previous valuation.
However, on the other hand, constant product recalls of these pumps, various strict regulatory requirements for the launch of new products, and rising adoption of refurbished infusion pumps are all expected to limit the potential growth of the market.
Key Players:
- Braun Melsungen AG
Medtronic Plc.
Becton, Dickinson and Company
Chemyx, Inc.
F. Hoffmann-La Roche Ltd
Pfizer Inc.
Terumo Corporation
Smiths Medical (Smiths Group plc)
Insulet Corporation
Baxter International Inc.
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Market Segmentation
The global Cloud Services Brokerage market has been segmented in terms of type and applications.
By type, the market includes electronic pump and mechanical pump.
By application, the market divides into clinics, hospitals, and others. The hospitals segment of the market is anticipated to gain massive share in the coming years.
Regional Analysis
The global telepresence robots market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. The North America regional market for precision infusion pumps is slated to stand out as the leading geography in the near future. However, strong competition has been reported in the Asia Pacific region over the forecast period. This is due a number of prominent factors including increasing accessibility to advanced healthcare facilities, rising prevalence of chronic diseases, increasing geriatric population, growing demand for modern and advanced technologies, an increasing improving health insurance industry, better accessibility to advanced healthcare facilities, and the booming expansion of private hospitals in the rural areas.
Industry Buzz
Aug 2019, B. Braun Medical Inc. made the announcement of integrating their Infusomat Space Large Volume Infusion Pumps with the Electronic Health Record (EHR) platform of EPIC.
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Table Of Content:
1 Market Overview
2 Manufacturers Profiles
3 Global Market Competition, by Players
4 Global Market Size by Regions
5 North America Revenue by Countries
6 Europe Revenue by Countries
7 Asia-Pacific Revenue by Countries
8 South America Revenue by Countries
9 Middle East and Africa Revenue by Countries
10 Global Market Segment by Type
11 Global Market Segment by Application
12 Global Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
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