Global Syringe Pump Market, By Type (Infusion Pump vs Withdrawal Pump), By Application (ICU, Cardiac Surgery Units, Pediatric Units, Operating Theatres, Others), By End User (Hospitals & Clinics, Ambulatory Care Settings, Others), By Region, Competition, Opportunities, and Forecast, 2017-2027
New York, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Syringe Pump Market, By Type, By Application, By End User, By Region, Competition, Opportunities, and Forecast, 2017-2027" - https://www.reportlinker.com/p05916911/?utm_source=GNW
Global syringe pump market was valued at USD20757.85 million in 2021 and is expected to grow at a CAGR of 6.62% during the forecast period, 2023-2027, to achieve market value of USD30440.02 million by 2027F. The market growth can be attributed to the factors like increasing instances of diseases like cardiovascular diseases, cancer, etc. Also, increasing demand for syringe pumps in surgical procedures is driving the growth of the global syringe pump market in the upcoming five years. Dental, urology, gynecology, ophthalmology, neurology, orthopedics, and cardiovascular surgeries are also increasing due to increasing instances of diseases. The surge in demand for the effective treatment procedure also supports the growth of the global syringe pumps market in the next five years. Along with the chronic diseases, the recent COVID-19 pandemic also substantiated the growth of the global syringe pumps market. Increasing demand for the timely diagnosis and treatment process for the diseases also aids the growth of the market in the forecast years. Moreover, factors like consistent research, technological advancements, and innovative product development to enhance the properties of the syringe pumps are further anticipated to aid the growth of the global syringe pumps market in the forecast years.
The global syringe pumps market is segmented by type, application, end user, regional distribution, and competition analysis.On the basis of type, the market is segmented into infusion pumps and withdrawal pumps.
Infusion pumps are anticipated to hold the largest market shares in the upcoming five years on account of their application in chemotherapy, diabetes management, etc.Moreover, increasing instances of cancer, cardiovascular diseases and other chronic diseases are further anticipated to aid the growth of the global syringe pumps market in the next five years.
Moreover, recent COVID-19 infection also played a vital role in increasing demand for syringe pumps thus also aiding the market growth.
Baxter International Inc., Medtronic Plc, ICU Medical, Inc., Becton, Dickinson and Company, Fresenius SE & Co. KGaA, Moog Inc., B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Mindray Medical International Limited are some of the major players operating in the global syringe pump market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
• To analyze the historical growth in market size of global syringe pumps market from 2017 to 2021.
• To estimate and forecast the market size of global syringe pumps market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast global syringe pumps market based on type, application, end user, regional distribution, and competition analysis.
• To identify dominant region or segment in the global syringe pumps market.
• To identify drivers and challenges for global syringe pumps market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global syringe pumps market.
• To identify and analyze the profile of leading players operating in global syringe pumps market.
• To identify key sustainable strategies adopted by market players in global syringe pumps market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of global syringe pumps market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to syringe pumps
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Global syringe pump Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Syringe Pump Market, By Type:
o Infusion Pump
o Withdrawal Pump
• Global Syringe Pump Market, By Application:
o Cardiac Surgery Units
o Pediatric Units
o Operating Theatres
• Global Syringe Pump Market, By End User:
o Hospitals & Clinics
o Ambulatory Care Settings
• Syringe Pump Market, By Region:
o North America
o Asia Pacific
o South America
o Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global syringe pump market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05916911/?utm_source=GNW
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