Global Infusion Pump Market Projected to Grow at a Robust CAGR of 5.9 % over the Forecast Period 2016-2024
The growth in the incidences of chronic diseases such as diabetes & cancer coupled with continuous R&D on implantable & wearable infusion pumps are inducing the demand for infusion pumps to intake the medicines, which is thus estimated to be the major driving factor for the growth of global infusion pump market . According to Goldstein Research, global infusion pump market size is expected to reach USD 9.4 billion by 2024 from an estimated market size of USD 7.2 billion in 2016, growing at a compounded annual growth rate of 5.9% during the forecast period 2016-2024. Global infusion pump market segmentation has been carried out on the basis of type, technology, application, end user and geography. Based on geography, North America accounted for highest market share, followed by Asia Pacific infusion pump market share . Further, high investments by the market players is witnessed in the development of smart infusion pumps with installed software to automatically calculate...