The ambulatory IV infusion pumps market consists of sales of ambulatory IV infusion pumps and related services by entities (organizations, sole traders and partnerships) that manufacture ambulatory IV infusion pumps. Ambulatory IV infusion pumps are portable medical devices used for controlled delivery of medication into the patient`s body. Only goods and services traded between entities or sold to end consumers are included.
The global ambulatory IV infusion pumps market is expected to grow from $42 million in 2019 to $48.5 million in 2020 at a compound annual growth rate (CAGR) of 15.43%. The growth is mainly due to the COVID-19 outbreak that has increased the demand for intravenous infusion pumps to treat the affected patients. The market is then expected to adjust and reach $53.3 million in 2023 at a CAGR of 3.21%.
