Europe Infusion Pumps Market Size and Growth Analysis:
The European Infusion Pumps
Market was estimated at $ 3,091million
in 2018 and is expected to reach $ 4,793 million
by 2025, growing at a compound annual rate of 6%
over the 2018-2025 forecast period.
Europe Infusion Pumps Market Drivers,
Challenges and Opportunities:
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 European infusion
pumps market. The growth of this 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 the incidence of chronic diseases and increasing the
popularity of infusion pumps in home care services will generate the demand for
the infusion pumps market around the region.
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Infusion Pumps Market Research Report @ https://www.researchcosmos.com/reports/europe-infusion-pumps-market/30155649
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, the growth of the market
can be restricted. By contrast, it is expected that the introduction of
infusion pumps and advanced infusion pumps to emerging economies will provide
numerous opportunities for market growth in the near future.
Geographic Insights:
It is expected that the European market will expand at a
noteworthy CAGR as awareness and initiatives by local governments grow to raise
awareness of the benefits of infusion pumps and improve the production of these
pumps. Germany represented 34% of the European market for insulin infusion
pumps in 2018 and is expected to grow at a CAGR of 4% during the forecast
period due to favorable return policy. In addition, growth opportunities are
emerging in the global market as repayment policies are growing in favor of
developing countries.
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Key market players:
Among the main players in the infusion pumps 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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