Syringe Pump Market - Global Industry Size, Share, Trends, Competition, Opportunities, and Forecast, 2017-2027 Segmented By Type (Infusion Pump vs Withdrawal Pump), By Application (ICU, Cardiac Surgery Units, Pediatric Units, Operating Theatres, Others), By End User (Hospitals & Clinics, Ambulatory Care Settings, Others), By Region
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSyringe Pump Market - Global Industry Size, Share, Trends, Competition, Opportunities, and Forecast, 2017-2027 Segmented By Type (Infusion Pump vs Withdrawal Pump), By Application (ICU, Cardiac Surgery Units, Pediatric Units, Operating Theatres, Others), By End User (Hospitals & Clinics, Ambulatory Care Settings, Others), By Region
Global Syringe Pump market stood at USD20757.85 million in 2021 and is expected to grow at a CAGR of 6.62% during the forecast period on account of factors like as increasing prevalence of chronic diseases such as cancer, cardiovascular diseases, among others and rising number of surgical procedures across the world. As per the Global Cancer observatory, approximately 19,292,789 new cancer cases reported in 2020.
Increasing Surgical Volume
The volume of surgical procedures covers a wide range of therapies, including dental, urology, gynecology, ophthalmology, neurology, orthopedics, and cardiovascular, all of which are further classified into categories. The employment of robotics in surgical treatments and the introduction of technology in minimally invasive procedures are the keys to the future of surgical procedures, resulting in an increase in syringe and infusion pumps. In hospitals and clinics, automated syringe pumps are commonly employed to improve the efficiency of drug infusion in the patient's body.
Growing prevalence of Chronic Diseases
The rising prevalence of chronic conditions such as cardiovascular disease, cancer, gastrointestinal and renal disorders, and urological issues has raised the number of surgical procedures conducted around the world, boosting the worldwide syringe pump market even further. According to the World Health Organization (WHO), as of 2021, various types of chronic diseases such as cardiovascular diseases, cancer, respiratory illnesses are responsible for 17.9 million, 9.3 million, and 4.1 million deaths worldwide every year.
Sudden Outbreak and Spread of COVID-19 Pandemic
Syringe Pump and ventilators are considered important devices since they are used in ICUs, CCUs, and emergency rooms. IV infusion is a typical necessity in COVID wards. Infusion pumps are used to monitor and distribute drug doses in hospitals and other emergency rooms, and they allow doctors and nurses to treat patients with minimal danger of infection since they may be programmed to do so without constant observation. As a result, demand for infusion pumps skyrocketed in 2020. Hospitals dealing with the novel coronavirus were running short of ventilators, personal protective equipment, and infusion pumps, all of which were needed to treat the expanding number of COVID-19 patients.
Market Segmentation
The global Syringe Pump market segmentation is based on Type (Infusion Pump vs Withdrawal Pump), By Application (ICU, Cardiac Surgery Units, Pediatric Units, Operating Theatres, Others), By End User (Hospitals & Clinics, Ambulatory Care Settings, Others), By Region,
By Company
. Amongst the regions, the
Company Profile
Baxter International Inc., Medtronic Plc, ICU Medical,Inc., Becton, Dickinson and Company,
| Attribute | Details |
| Market Size value in 2021 | USD20757.85 Million |
| Revenue Forecast in 2027 | USD30440.02 Million |
| United States Market Size Value in 2021 | USD6143.62 Million |
| Growth Rate | 6.62% |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Regional Scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; Germany; France; United Kingdom; Italy; Spain; China; Japan; India; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE; Kuwait |
| Key Companies Profiled | Baxter International Inc., Medtronic Plc, ICU Medical,Inc., Becton, Dickinson and Company, Fresenius SE & Co. KGaA, Moog Inc. B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Mindray Medical International Limited |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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