Global Volumetric Pumps Market: Overview
Volumetric pumps are the medical devices utilized in the healthcare sector to deliver different fluids, nutrients, and medications to the body of a patient in a controlled manner. These pumps are used to deliver intravenous drugs in nursing homes, long-term care units, hospitals, and home care settings. These forms are widely used in treating diabetes, gastroenterology, analgesia, neonatology, chemotherapy, and many others. Volumetric pumps can be categorized into portable and stationary purpose pumps. The stationary volumetric pumps are widely utilized in hospitals for catering the needs of the patients. These are fixed pumps and immovable. While portable volumetric pumps are movable and can be used while traveling. These pumps are also wearables.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Volumetric Pumps Market: Growth Factors
One of the major factors driving the growth of the global volumetric pumps market is the rising prevalence of diabetes all across the globe. The increasing need for the volumetric pump to administer the insulin dosage for the treatment of diabetes is boosting the need for volumetric pumps in the market globally. Moreover, the growing geriatric population all across the globe is also boosting the growth of the global market. Volumetric pumps are widely utilized for the treatment of chronic disorders. They play a crucial role in delivering an accurate dosage of medication for complex disorders. However, the growing prevalence of chronic disorders is also propelling the growth of the global volumetric pumps market. Moreover, the rapid growth in healthcare technology along with the growing awareness of the people regarding their health is also boosting the demand for such volumetric pumps in the global market.
Global Volumetric Pumps Market: Segmentation
The global volumetric pumps market can be segmented into type, application, end-user, and region.
By type, the market can be segmented into ambulatory infusion pumps, infusion disposable sets, volumetric pumps, syringe pumps, insulin infusion pumps, and implantable infusion pumps. The insulin infusion pumps segment dominates the global market due to the high prevalence of diabetes along with the increasing demand for smart insulin pumps in-home care management.
By application, the market can be segmented into diabetes, hematology, gastroenterology, analgesia/pain management, pediatrics/neonatology, and chemotherapy/oncology. The diabetes segment accounts for the largest share in the global volumetric pumps market. The growth can be attributed to the growing prevalence of diabetes and the increasing demand for insulin pumps for the proper administration of diabetes home care settings.
By end-user, the market can be segmented into home care settings, ambulatory surgical centers, and hospitals. The hospital segment holds the largest share in the global volumetric pumps market due to the strong financial capabilities for buying and maintaining large and high priced compatible volumetric pumps.
Global Volumetric Pumps Market: Regional analysis
North America accounts for the largest share in the global volumetric pumps market due to the high adoption rate of specialty volumetric pumps for the treatment of chronic diseases. The fast-growing geriatric population in the region also contributes significantly towards the growth of the regional market.
Asia Pacific accounts for the second-largest region in the global volumetric pumps market due to the presence of prominent market players in the region. The growing prevalence of chronic diseases in the region also boosts the growth of the regional market.
Europe is anticipated to witness huge growth during the forecast period due to the various efforts from the government and prominent players to boost the health infrastructure in the region.
Global Volumetric Pumps Market: Competitive Players
Some of the significant players in the global volumetric pumps market are Ypsomed Holding AG, Micrel Medical Devices SA, Mindray Medical International Limited, Teleflex, Inc., Zyno Medical, Roche Diagnostics, Insulet Corporation, JMS Co., Ltd., Tandem Diabetes Care, Inc., Avanos Medical, Inc., NIPRO Corporation, Terumo Corporation, Smiths Medical, Moog Inc., Medtronic plc, ICU Medical, Inc., Fresenius Kabi, Baxter International Inc., B. Braun Melsungen AG, Dickinson and Company, and Becton.
Global Volumetric Pumps Market: Regional Segment Analysis
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One of the major factors driving the growth of the global volumetric pumps market is the rising prevalence of diabetes all across the globe. The increasing need for the volumetric pump to administer the insulin dosage for the treatment of diabetes is boosting the need for volumetric pumps in the market globally.
Some of the significant players in the global volumetric pumps market are Ypsomed Holding AG, Micrel Medical Devices SA, Mindray Medical International Limited, Teleflex, Inc., Zyno Medical, Roche Diagnostics, Insulet Corporation, and JMS Co.