High Prevalence of Chronic Diseases to Drive Growth in Smart Implantable Pumps Market: TMR

- Worth of global smart implantable pumps market will grow considerably from 2019 to 2027

- Technological advancement is anticipated to play a major role in pushing the market towards a high growth curve over the stated period

- Multiple growth factors are set to help the market chart a CAGR of 8%

ALBANY, N.Y., Nov. 23, 2020 /PRNewswire/ -- The worth of global smart implantable pumps market is set to grow from about USD 1.3 billion in the year 2018 to about USD 2.6 billion by the year 2027. New opportunities will emerge as the market records CAGR of 8% from 2019 to 2027. Multiple trends and drivers are set to fuel growth in the stated landscape. Proactive players will keep it competitive.

As per Transparency Market Research, "The global smart implantable pumps market would grow at the back of growing prevalence of chronic illnesses. Technological advancement is another notable growth factor, keeping the market buoyant over the aforementioned period. It is pertinent to note here that a large part of the population across the world is steadily entering the age bracket of 60 and over and this is enabling market growth in a major way, promising a positive outlook over the years to come."

Request for Analysis of COVID-19 Impact on Smart Implantable Pumps Market – https://www.transparencymarketresearch.com/covid19.php

Key Findings of Global Smart Implantable Pumps Market Study:

• Growing geriatric population to play a key role in growth of global smart implantable pumps market over the forecast period
• Region-wise, Asia Pacific (APAC) will be a lucrative market owing to a slew of new and old drivers and trends
• Hospitals sub-segment is set to chart notable growth in the end-user segment of smart implantable pumps market over the coming few years
• Under the type category, perfusion pumps are expected to lay claim to a sizeable share of the global smart implantable pumps market over the forecast period

For a detailed analysis of global smart implantable pumps market by type, application, end user and region, visit TOC at https://www.transparencymarketresearch.com/report-toc/64293

Key Drivers of Growth in Global Smart Implantable Pumps Market:

• Innovation in the field is being noted and with a keen focus of players on this factor, it is anticipated that the market will continue to grow over the coming years
• Chronic diseases are becoming more common owing to poor lifestyle and a rapidly ageing population and this is set to underscore growth in the market
• Increasing research and development and improving technology are other significant factors in the global smart implantable pumps market

Analyze global smart implantable pumps market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample.php

Regional Analysis of Global Smart Implantable Pumps Market:

• High CAGR is anticipated to be recorded over the forecast period by the Asia Pacific (APAC) region
• Improving healthcare infrastructure and increasing government efforts towards improvement of medical outcomes are helping the market grow
• Growing adoption of technologically advanced implantable pumps is also being noted and it is set to propel significant growth in the regional market
• Increasing disposable income is also expected to drive the regional market on an upward growth trajectory over the forecast period

Purchase the Smart Implantable Pumps Market Report - https://www.transparencymarketresearch.com/checkout.php

Competitive Landscape of Global Smart Implantable Pumps Market:

Distinguished global smart implantable pumps market players include Medtronic, plc, Tricumed Medizintechnik GmbH, Flowonix Medical, Inc., Abbott, Berlin Heart, and others. These are not only proactive but also competitive. Many strategies are used in this landscape by players eyeing higher growth. These strategies, along with financials, product details and recent developments led by these companies have been covered in the report prepared by Transparency Market Research.

Market Segmentation:

By Type:

• Micro-pumps
• Perfusion Pumps

By Application:

• Pain and Spasticity
• Cardiovascular

By End user:

• Hospitals
• Ambulatory Surgical Centers

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

Implantable Medical Devices Market: According to the report, the global implantable medical devices market was valued at US$ 37,700.8 Mn in 2018 and is anticipated to expand at a CAGR of 4.6 % from 2019 to 2027. In terms of volume, the global implantable medical devices were accounted at 10,712,732 units in 2018. Increase in prevalence of coronary arterial diseases (CADs), rise in demand for minimally invasive procedures and rise in geriatric population are projected to drive the global market

Implantable Loop Recorders Market: Technological advancements are expected to play a major role in the adoption of new-age implantable loop recorders. Stakeholders operating in the current implantable loop recorders market landscape are expected to launch better and 'smarter' implantable loop recorders over during the forecast period to expand their footprint in the market.

Implantable Cardiac Monitor Market: The global implantable cardiac monitor market is expected to reach a market value of about US$ 1,464.26 Mn by the end of 2026, expanding at a high single digit CAGR during the forecast period. Rise in the prevalence of cardiac arrhythmia such as atrial fibrillation and bradycardia is likely to boost the global market

Browse Our Latest Reports - https://www.transparencymarketresearch.com/latest.htm

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Browse More Upcoming Reports by Transparency Market Research: https://www.transparencymarketresearch.com/upcoming.htm

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/smart-implantable-pumps-market.htm 
Website: https://www.transparencymarketresearch.com/

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg