There is an increasing prevalence of chronic illnesses and disorders across the globe due to the increase in the aging population and shift in social behavior, which can result in the gradual rise of these widespread and costly long-term medical conditions. It is because these pumps are generally utilized to give pharmaceutical drugs during the treatment of such diseases. The increasing prevalence of patients with cancer, chronic pain, and diabetes is one of the major factors fueling the demand for intravenous infusion pumps. There are many companies that are increasingly investing in the advancement of infusion pump technology, which would open new growth opportunities for the intravenous infusion pumps market. Though, patient safety risks & medication errors regarding infusion pumps are estimated to hamper the market growth.
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Additionally, the high adoption of portable infusion pumps to decrease the expenses of the hospital is also anticipated to support the growth of the market.
The growing geriatric population and the rising cases of chronic diseases across the globe are among the major driving factors of the intravenous infusion pump. These pumps are generally seen in a medical setup because they are majorly utilized in giving medications in pre-determined dosages to any patient. 26, 2021 (GLOBE NEWSWIRE) - announces the release of the report "Global Intravenous Infusion Pumps Market By Type, By Application, By End User, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027".
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