Europe Infusion Pumps Market, By Product Type (Accessories and Consumables, Devices), Application (Chemotherapy/Oncology, Diabetes Management, Gastroenterology, Pain Management/ Analgesia, Pediatrics/ Neonatology, Hematology, Other Applications), End Use (Hospitals, Home Care Settings, Ambulatory Care Settings, Academic and Research Institutes), Country (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Rest of Europe) Industry Trends and Forecast to 2029.
Market Analysis and Insights: Europe Infusion Pumps Market
Europe infusion pumps market is expected to witness market growth at a rate of 6.05% in the forecast period of 2022 to 2029. Data Bridge Market Research report on Europe infusion pumps market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of Europe infusion pumps market.
Infusion pumps refer to the medical devices that are utilized during infusion therapies for administrating medications, nutrients and fluids into patient’s body in a controlled manner. The infused fluids are defined as the medications or nutrients that are considered vital for therapeutics or medical treatments. Some of the infusion pumps are designed for stationary use and other infusion pumps are portable or wearable.
The increase in the in prevalence of chronic diseases across the region acts as one of the major factors driving the growth of infusion pumps market. The rise in demand for ambulatory infusion pumps in home care settings and surge in number of ICU beds in countries with a high prevalence of COVID-19 accelerate the market growth. The increase in government and non-government initiatives for various chronic disorders such as diabetes and gastrointestinal disorders, and high demand of portable infusion pump to minimize hospital expenditure further influence the market. Additionally, surge in healthcare expenditure, technological advancements, increase in demand for more precision therapies and increase in awareness towards home healthcare positively affects the infusion pumps market. Furthermore, adoption of specialty infusion systems extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, stringent regulatory requirements for new products and adoption of refurbished and rental infusion pumps are expected to obstruct the market growth. The incidence of medication errors and lack of wireless connectivity in most hospitals are projected to challenge the infusion pumps market in the forecast period of 2022-2029.
This infusion pumps market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on infusion pumps market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Infusion Pumps Market Scope and Market Size
The infusion pumps market is segmented on the basis of product type, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of technology, the infusion pumps market is segmented into accessories and consumables, and devices. Accessories and consumables are further segmented into dedicated accessories and consumables, non- dedicated accessories and consumables. Dedicated accessories and consumables are sub-segmented into volumetric infusion pumps, insulin pumps, enteral infusion pumps, syringe infusion pumps, ambulatory infusion pumps, PCA pumps and implantable infusion pumps. Non- dedicated accessories and consumables are sub-segmented into infusion catheters, IV/administration sets, needleless connectors, cannulas, tubing and extension sets, valves and other. Devices are further segmented by product, technology and type. By product, they are sub-segmented into volumetric infusion pumps, insulin pumps, enteral infusion pumps, syringe infusion pumps, ambulatory infusion pumps, PCA pumps and implantable infusion pumps. By technology, they are sub-segmented into traditional infusion pumps and specialty infusion pumps. By type, they are sub-segmented into stationary infusion pumps and portable infusion pumps.
On the basis of application, the infusion pumps market is segmented into chemotherapy/oncology, diabetes management, gastroenterology, pain management/ analgesia, pediatrics/ neonatology, hematology and other applications.
On the basis of end use, the infusion pumps market is segmented into hospitals, home care settings, ambulatory care settings, and academic and research institutes.
Europe Infusion Pumps Market Country Level Analysis
The infusion pumps market is analyzed and market size insights and trends are provided by country, product type, application and end use as referenced above.
The countries covered in the Europe infusion pumps market report are Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland and Rest of Europe.
Germany dominates the Europe infusion pumps market due to the technological advancements in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Europe infusion pumps market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Europe infusion pumps market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe infusion pumps market. The data is available for historic period 2010-2020.
Competitive Landscape and Europe Infusion Pumps Market Share Analysis
The infusion pumps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to infusion pumps market.
Some of the major players operating in the infusion pumps market report are Baxter, BD, Terumo Corporation, B. Braun Melsungen AG, Avanos Corporate, Tandem Diabetes Care Inc., JMS Co. Ltd., Insulet Corporation, YPSOMED, Fresenius SE & Co. KGaA, Medtronic, ICU Medical, Inc., Moog., Smiths Medical Inc., Mindray Medical, NIPRO, Teleflex, Zyno Medical, Zoll Medical Corporation, Tricumed Medizintechnik GmbH, and F. Hoffmann-La Roche Ltd, among others.
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