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DUBLIN--(BUSINESS WIRE)--Oct 6, 2022--
The "Global Ambulatory Infusion Pumps Market Size, Trends and Growth Opportunity, By Product Type, By Usage, By Route of Administration, By Application, By End-User ,By Distribution Channel, By Region and Forecast to 2027." report has been added to ResearchAndMarkets.com's offering.
Global Ambulatory Infusion Pumps Market
Global Ambulatory Infusion Pumps Market was valued at USD 9.67 billion in 2021 and is expected to reach at USD 14.39 billion by 2027 at a CAGR of 5.48% from 2022-2027.
A proactive method of monitoring medication in modest doses in a variety of locations, including clinics, homes, and hospitals, is the use of infusion pump devices. It is employed to gradually deliver a controlled amounts of medications into the bloodstream over time. It can be used to supply painkillers, antibiotics, chemotherapeutic drugs, and hydration fluids in both fixed and mobile settings.
Market Drivers
Due to the rising frequency of chronic diseases, there is a corresponding rise in the number of senior patients admitted to hospitals as people live longer. Age impacts fundamental biological mechanisms, making it a significant risk factor for the progression of any disease. The prevalence of chronic diseases like cancer is particularly high among the elderly population; in this age category, people over 65 account for about 60% of all cancer cases.
Cancer is particularly difficult to treat in the elderly population since they already have so many health issues as a result of their advanced age. This demonstrates the senior population's rising demand for infusion pumps. The impact of technological improvements on clinical services and healthcare is being expanded and made more available.
The use of an infusion pump has benefited from technological advancements that reduce patient harm and prevent drug errors. With the use of a patient monitoring device to inform and direct clinicians' treatment decisions, these developments lead to better clinical outcomes. That almost every process in the healthcare sector involves the use of technology, including patient registration for data management, laboratory testing for self-care equipment, the possibility of medication errors due to an increase in disease burden, and infusion pump systems, accessories, and software. That's why technology is the next growth driver in this sector.
Market Restraints
With the development of technology, hospitals now routinely employ infusion pumps to give patients the vital fluids they need. However, there are still few research studies for minimising mistakes and enhancing the usage of infusion pumps that result in unfavourable systemic consequences. Its many issues can be caused by either software bugs or human faults.
The numerous treatment checkpoints and usage of high-tech modalities for these operations are to blame for the high expense of the treatment. The expense of the infusion pump interventions is further increased by the hospital care. The high cost associated with using infusion pump systems is predicted to constrain the market for ambulatory infusion pumps because it drives up the price of treatment proportionally as the cost of new and advanced infusion pumps increases.
Market Taxonomy
By Product Type
By Usage
By Route of Administration
By Application
By End User
By Distribution Channel
By Region
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Global Ambulatory Infusion Pumps Market Outlook
5 Global Ambulatory Infusion Pumps Market, By Product Type
6 Global Ambulatory Infusion Pumps Market, By Usage
7 Global Ambulatory Infusion Pumps Market, By Route of Administration
8 Global Ambulatory Infusion Pumps Market, By Application
9 Global Ambulatory Infusion Pumps Market, By End User
10 Global Ambulatory Infusion Pumps Market, By Distribution Channel
11 Global Ambulatory Infusion Pumps Market, By Region
12 North America Ambulatory Infusion Pumps Market Analysis and Forecast (2022-2027)
13 Europe Ambulatory Infusion Pumps Market Analysis and Forecast (2022-2027)
14 Asia Pacific Ambulatory Infusion Pumps Market Analysis and Forecast (2022-2027)
15 Latin America Ambulatory Infusion Pumps Market Analysis and Forecast (2022-2027)
16 Middle East Ambulatory Infusion Pumps Market Analysis and Forecast (2022-2027)
17 Competitive Analysis
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/e6srtj
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KEYWORD:
INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/06/2022 05:26 AM/DISC: 10/06/2022 05:26 AM
http://www.businesswire.com/news/home/20221006005466/en