Micro infusion pumps are medical devices employed to infuse fluid material such as medical drugs and nutrients into the patient's circulatory system in small and definite amounts. Various micro infusion pumps are available and are used in different environments for different purposes. Micro infusion pumps are defined by their capability of delivering a precise amount of fluids as low as 0.1 ml per hour. The medication or nutrients may be insulin or other hormones, chemotherapy drugs, pain or stress relievers, antibiotics, and many others. A skilled professional generally operates these micro infusion pumps, and the rate or duration of delivery can be set by using the software interface. In addition, micro infusion pumps are advantageous than conventional techniques for transporting fluids indefinite time, rate, duration, and amount.
MARKET SCOPE
The "Global Micro Infusion Pumps Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Micro infusion pumps market with detailed market segmentation by type, component, application, end use, and geography. The report provides key statistics on the market status of the leading Micro infusion pumps market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global Micro infusion pumps market is segmented into portable, wearable.
- On the basis of component, the market is segmented into equipment and software. Equipment is again segmented into devices, accessories, and software is segmented into safety software, management software.
- On the basis of application, the market is segmented into neonatal, oncology, pain management, diabetes, others.
- On the basis of end use, the market is segmented into hospitals and clinics, ambulatory care centers, home care, nursing home, academia, and government organizations, others.
MARKET DYNAMICS
Drivers:
- Rise in the numbers of surgical operations.
- Rise in the geriatric population.
- Increasing cases of chronic disease.
Restraints:
- The strict governmental rules and regulation, scarcity of skilled professionals are the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Micro infusion pumps market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Micro infusion pumps market in these regions.
IMPACT OF COVID-19 ON MICRO INFUSION PUMPS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Micro infusion pumps market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Micro infusion pumps market are anticipated to lucrative growth opportunities in the future with the rising demand for Micro infusion pumps in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Micro infusion pumps market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Baxter International Inc.
- Beijing KellyMed Co., Ltd.
- Caesarea Medical Electronics
- Can? S.p.A.
- Cole-Parmer Instrument Company, LLC
- Fresenius Kabi AG
- Moog Inc.
- Pfizer Inc.
- Q Core Medical Ltd.
- Roche Diabetes Care, Inc