Global Infusion Pumps Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
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May 2023
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The Infusion Pumps Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Infusion Pumps Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global infusion pumps market report has been segmented on the basis of product, application, end-user, and region.
Infusion Pumps Market Overview:
The Infusion Pumps Market was valued at $8.5 billion in 2021 & is projected to reach $14.7 billion by 2027. It is expected to grow at a 6.4% CAGR between 2021 and 2027.
Infusion pumps are designed to deliver drugs and nutrients such as insulin, antibiotics, chemotherapy drugs, and other pain relievers. Infusion pumps may be powered electrically or mechanically. Different pumps operate in different ways.
Many infusion pumps are equipped with safety features such as alarms or other operator alerts that are intended to activate in the event of any issue.
Rising awareness among patients to mitigate risks associated with the use of conventional infusion pumps such as drip-clamp and roller-clamp systems is a major factor driving the growth of the global infusion pumps market.
In addition, increasing preference towards use for portable infusion pumps which are relatively small, lightweight, with better battery management and easy user interface in homecare treatments is another factor expected to support growth of the global infusion pumps market.
However, high cost of infusion pumps is a major factor expected to restrain growth of the global infusion pumps market. In addition, problems related to pumps such as software issues, alarm error, inadequate user interface is another factor expected to challenge growth of the global infusion pumps market.
Increasing investment for R&D activities and technological advancements such as development of smart pumps with integrated bar code technology, dose calculation mode, customization option for proper medication is expected to create new opportunities for manufacturers operating in the global infusion pumps market over the forecast period.
The North American market is expected to dominate in the global infusion pumps market with a higher market share when compared to other regional markets and is expected to continue its dominance during the forecast period.
This can be attributed to increasing demand for smart infusion pumps from end-users such as hospitals, homecare, ambulatory surgical centers (ASC), and presence of prominent players operating in the target market in this region.
The Europe market is expected to account for the second-largest revenue share in the global infusion pumps market followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
The market in the Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increasing government initiatives for development of healthcare sector in emerging economies in this region.
Global Infusion pumps market segmentation:
By Product:
- Devices & Pumps
- Syringe Infusion Pumps
- Insulin Infusion Pumps
- Volumetric Infusion Pumps
- Ambulatory Infusion Pumps
- Patient-Controlled Analgesia Pumps
- Implantable Infusion Pumps
- Enteral Infusion Pumps
- Accessories & Disposables
- Infusion Catheters
- Valves
- IV sets
- Cannulas
- Tubing
- Needles
- Other Disposables
By Application:
- Diabetes
- Gastroenterology
- Analgesia & Pain Management
- Chemotherapy
- Pediatrics & Neonatology
- Others
By End User:
- Hospitals
- Home Care
- Ambulatory Surgical Centers (ASCs)
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn - Devices & Pumps
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- Baxter International Inc.,
- Braun Melsungen AG,
- Fresenius SE & Co. KGaA
- Smiths Medical, Inc.
- Johnson & Johnson Private Limited
- Becton, Dickinson and Company,
- ICU Medical, Inc.,
- CME Medical UK Limited,
- Moog, Inc.,
- Terumo Corporation.
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