Global intelligent intravenous infusion pumps market is going to experience a huge growth during the forecast period. Constant volume control type segment will be the most profitable. Hospital segment will be the most lucrative.
The global intelligent intravenous infusion pumps market is estimated to garner a great amount of revenue during the forecast period, according to a report published by Research Dive. The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market from growth factors, challenges, other market dynamics, restraints and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for new participants to understand the market.
Market Dynamics
The exponential increase in the old-age population across the globe has enhanced the demand for intelligent intravenous infusion pumps in recent years. IV pumps are mainly used to deliver essential medications such as minerals, vitamins, nutrients, amino acids, and others which help in strengthening immunity and ensuring fast recovery of the patients.
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High investments and high maintenance costs are going to be the major restraint behind the growth of market.
Technological advancements and innovations are going to create many opportunities for the intelligent intravenous infusion pump market in upcoming years.
Segment-wise Analysis of the Market
The report has divided the market into different segments based on type, application, and regional outlook.
Constant volume control type segment will be the most lucrative
Constant volume control type segment will be the most profitable in the upcoming years. Constant volume control segment offers multiple benefits such as the infusion of nutritional fluids, medication, hormones, and injecting antibiotics directly into patients' circulatory systems in controlled amounts through veins. This is major factor behind the market growth.
Hospital segment will garner the highest profit
The hospital segment is expected to generate maximum market revenue during the forecast period. Most people prefer hospitals because of the cost-effective services, highly trained staff, specialists, surgeons, and other supporting staff. An expert medical staff is essential for critical treatments and surgeries with complete knowledge about intelligent intravenous infusion pumps. This is the main factor behind the growth of the segment.
North America will hold the largest revenue share
As per the report, North America region is expected to earn the highest revenue during the forecast period. The major factors influencing the growth of the regional market are the extensive adoption of infusion mode of medication, increased medication expenditure, robust healthcare infrastructure, and growing geriatric population.
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Key Players of the Market
The leading players of the global intelligent intravenous infusion pumps market are -
- Johnson & Johnson Services, Inc.
- Pfizer Inc.
- BD.
- B. Braun Melsungen AG
- Fresenius SE & CO. KGAA
- Terumo Corporation
- Medtronic
- F. Hoffmann-La Roche Ltd
- Baxter
- Smiths Group plc
These companies are focusing on R&D, merger and acquisition, and many other strategies to sustain the growth of the market.
In October, 2020, Fresenius Medical Care of North America has partnered with Livongo, the leading US-based company, Applied Health Signals as per a recent news report.
The report also reviews many other important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.
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