DUBLIN, Feb 15, 2022 (GLOBE NEWSWIRE) – “Global Syringe Pump Market by Type (Infusion Pumps vs Suction Pumps), by Application (Intensive Care Units, Cardiac Surgery Units, Pediatric Units, Operating Rooms, etc.), Section” The ResearchAndMarkets.com proposal has been supplemented with the report “Users, by region, competition, opportunities and forecast for 2017-2027″. The global syringe pump market is valued at $20,757.85 million in 2021 and forecast for the forecast period of 2023. -2027 With a compound annual growth rate of 6.62%, the market value will reach US$3,044,002 million by 2027.
The growth of the market can be attributed to factors such as an increase in cases of cardiovascular disease, cancer and others. In addition, the growing demand for syringe pumps in surgical procedures will drive growth in the global syringe pump market over the next five years. Dentistry, urology, gynecology, ophthalmology, neurology, orthopedics, and cardiovascular surgery are also on the rise due to rising morbidity.
The growing demand for effective treatment procedures will also drive the growth of the global syringe pump market over the next five years. In addition to chronic diseases, the recent COVID-19 pandemic has also fueled the growth of the global syringe pump market.
The growing demand for timely diagnosis and treatment of diseases also helps to predict the growth of the market for several years. In addition, factors such as continuous research, technological advances, and innovative product development that enhance the performance of syringe pumps are expected to drive the growth of the global syringe pump market during the forecast period. The global syringe pump market is segmented by type, application, end user, regional distribution and competitive analysis. Depending on the type, the market is divided into infusion pumps and suction pumps.
Infusion pumps are expected to have the largest market share over the next five years due to their use in chemotherapy, diabetes management and others.
Moreover, rising incidences of cancer, cardiovascular disease, and other chronic diseases are expected to drive further growth in the global syringe pump market over the next five years.
What’s more, the recent COVID-19 infection has also played a vital role in increasing the demand for syringe pumps, thus also boosting the market.
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Post time: Aug-28-2023