Volumetric Infusion Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Volumetric Infusion Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global revenue from the Volumetric Infusion Pumps Market was approximately US$ 980 Million in 2022. The market is expected to reach a valuation of approximately US$ 1600 Million by the end of 2033.

Factors Driving Global Market Growth:
• Technologically Advanced Smart Pumps: The use of IV therapy through volumetric pumps is essential for delivering medications, treatments, and nourishment in hospitals, especially for patients who cannot take oral drugs. Rapid technological advancements have led to the development of smart pumps with dose-error reduction systems (DERS) to enhance patient safety.
• Wireless Technology: Integration of wireless technology and connectivity in infusion systems allows for better monitoring and management of drug delivery. Smart pumps equipped with DERS and barcode-enabled point of care (BPOC) systems help prevent medication errors, increasing patient safety.

Challenges Affecting Market Growth:
• Errors Associated With Smart Infusion Pumps: Smart infusion pumps, while technologically advanced, are prone to errors, including software issues, alarm problems, and user interface design flaws. Human-based errors using these pumps have led to preventable injuries.
• Lack of Skilled Manpower: A shortage of skilled healthcare personnel with expertise in operating infusion pumps can affect their effective use and contribute to user errors.

Country-wise Insights:
• United States: The U.S. leads the global market, accounting for approximately 35.7% in 2022. Factors such as an aging population, rising prevalence of chronic diseases, and technological advancements in volumetric pumps contribute to the market's growth. Innovations like Baxter International's Spectrum IQ pump with dose and rate change warnings enhance patient safety.
• Germany: The German market is expected to lead the European infusion pump market. Government initiatives to strengthen healthcare infrastructure, a growing geriatric population with various health conditions, and the adoption of infusion pumps at-home are factors driving growth.
• China: China's dense population and a high burden of chronic diseases create substantial demand for infusion pumps. Customized infusion systems and advanced technologies, such as those developed by companies like Kellymed, contribute to market expansion.

Competitive Landscape:

Key players in the market are focusing on introducing innovative products, expanding manufacturing facilities, and collaborating for wider geographical reach to achieve business growth.

Key Companies in the Market:
• B. Braun Melsungen AG
• Fresenius Kabi AG
• Terumo Corporation
• ICU Medical, Inc.
• Becton, Dickinson and Company
• Smiths Medical
• Woodley Equipment Company Ltd.
• Mindray Medical International Ltd
• ADOX S.A
• Sino-Hero (Shenzhen) Bio-Medical Electronics Co. Ltd
• Guangzhou Huaxi Medical Science Technology Co. Ltd.
• ASCOR
• Shenzhen Shenke Medical Instrument Technical Development Co. Ltd.
• Daiwaha corp. ltd.
• CONTEC MEDICAL SYSTEMS Co. Ltd

Key Segments Covered in Volumetric infusion pumps Industry Research

Product:
• Peristaltic
• Cassette/ Piston

Application:
• Chemotherapy/ Oncology
• Pediatrics/ Neonatology
• Analgesia
• Hematology

End User:
• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Others

Region:
• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

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