North America Infusion Pumps Market Size and Growth Drivers, Restraints and Opportunities to 2025 | Research Cosmos
North America Infusion Pumps Market Size, Growth rate:
The North America Infusion pumps Market was estimated at USD 4399.2 million in 2018 and is expected to reach USD 6497.3 million in 2025, growing at a compound annual rate of 5.84% over the 2018-2025 forecast period.
Infusion pumps are mainly used by hospitals and other health providers to deliver fluids and medications to the patient’s body in a controlled manner. The increase in the demand for water therapy is essential and parenteral nutrition is accelerating the growth of the infusion pumps market.
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Drivers, Challenges and Opportunities of North America Infusion Pumps Market:
The growth of the North American infusion pumps market depends to a large extent on the significant increase in the prevalence of chronic diseases such as diabetes and gastrointestinal disorders. Today there are several types of infusion pumps. One of them is the insulin infusion pump that has gained great popularity in the continuous infusion of subcutaneous insulin. Increasing technological advances, increasing incidence of chronic diseases and increasing popularity of infusion pumps in home care services will generate the infusion pumps market around the region. Other factors that promote the growth of the market include the increase in the large population, the demand for portable infusion pumps to minimize hospital expenses, a greater awareness of home health care and a wide range of drug pumps infusion.
However, due to the strict government regulations on approval and device errors during infusion therapy hinder the growth of the market. By contrast, it is expected that the introduction of the advanced infusion pumps in emerging economies will provide numerous opportunities for market growth in the near future.
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Geographic Analysis of North America Infusion Pumps Market:
With the high incidence of diabetes in North America and the adoption of infusion pumps in the home care environment, the region is dominating the global market. Thie market dominion is because of the people who use insulin for type 1 diabetes and type 2 diabetes, increase in awareness and municipal initiatives to raise awareness about the benefits of pumps. Improved production in the market of infusion pumps. In addition, growth opportunities are emerging in this regional market as repayment policies are growing in favor of developing countries.
Some of the Key market players covered in this North America injection pump market are: Hospira Inc, CareFusion Corporation, Baxter International, Inc. Medtronic, Inc., Smiths Medical, Fresenius Kabi AG, Braun Melsungen AG, Terumo Corporation, Nipro Corporation and Codman & Shurtleff, Inc.
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