The global Volumetric Pumps Market is bound to witness a CAGR worth satiating In Upcoming Years. In the era of cloud computing, the cloud revolution is there to break the stereotypes. Several key stakeholders are going for cloud hosting solutions providers to enhance their accounting services. This migration to cloud technology is making way for the enterprises to simplify their daily tasks, that too, conveniently and cost-effectively. As such, the industry could be on the “cloud computing nine” in the forecast period.
Increasing prevalence of cancer and other chronic disorders, and rise in number surgical procedures across the globe, are expected to surge demand for volumetric pumps. Additionally, presence of a well-structured regulatory framework for using volumetric pumps in regions such as North America and Europe has been playing an important role in shaping the prospects of the global volumetric pumps market.
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The COVID-19 pandemic is having a significant positive impact on the volumetric pumps market, as a result of shortage of infusion pumps to treat patients using nebulization support with rising incidence of dosing-errors cases. To overcome dosing-errors and inaccuracy in delivering drugs, surge in demand for volumetric pumps is being witnessed.
The global volumetric pumps market is estimated to expand at a CAGR of more than 5% over the forecast period (2020-2030).
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Key Takeaways from Volumetric Pumps Marker Study
“Rising incidence of dosing-error cases and inaccuracy in drug delivery are expected to shift preferences toward advanced volumetric pumps, which will propel the growth of the global volumetric pumps market over the coming years,” says a PMR analyst.
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Volumetric Pumps Market: Key Strategies amongst Players
Worldwide, leading key players in the volumetric pumps market are extensively focusing on technological advancements, acquisition, and collaborations to expand their product portfolios. These key strategies are expected to propel the growth of the volumetric pumps market too. Players dealing in hospital supplies are increasingly targeting the volumetric pumps market for acquiring leading companies or those ones facing a large number of product recalls.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the volumetric pumps market in its latest study, presenting historical demand assessment of 2015 – 2019 and projections for 2020 – 2030. The market has been segmented on the basis of product type (peristaltic and cassette/ piston), application (chemotherapy/ oncology, pediatrics/ neonatology, analgesia, and hematology), and end user (hospitals, ambulatory surgical centers, clinics, and others), across seven key regions.
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