New York, Global Infusion Pumps Market was valued at USD 9.7 billion in 2021 and it is anticipated to grow further to USD 19.7 billion by 2031, at a CAGR of 7.3% during the forecast period.
The infusion pumps market report from Global Insight Services is the single authoritative source of intelligence on Infusion Pumps Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Medications, hormones, and nutritious fluids are administered into the circulatory system through veins in controlled volumes using intravenous infusion pumps. In clinical settings including hospitals, nursing homes, and homes, these pumps are widely used. Using built-in software, the skilled operator controls the pump by setting the rate and duration of fluid supply. Nutrients, hormones, antibiotics, chemotherapeutic medications, and painkillers can all be given by intravenous infusion pumps.
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Market Trends and Drivers
The number of surgical operations carried out worldwide has significantly increased over time. The growing elderly population, as well as the increased frequency of obesity and other lifestyle disorders, are both responsible for this. One of the main causes of orthopedic and cardiovascular disorders is obesity. Obesity also raises the risk of ischemic stroke, type 2 diabetes mellitus, joint and tissue damage, breast, colon, ovarian, endometrial, kidney, and gallbladder cancer. The continuous and controlled medicine administration during and following many types of surgeries is made possible by infusion pumps. Diabetes, analgesia/pain management, gastroenterology, and chemotherapy are the main applications for infusion pumps. Infusion pumps are also frequently used to administer narcotic analgesics and anesthesia locally after cardiothoracic surgery, laparoscopic cholecystectomy, and bariatric surgery. The demand for infusion therapy is anticipated to rise as the number of procedures conducted does.
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Global Infusion Pumps Market Segmental Overview
The report analyses the global infusion pumps market based on the type, application, end user, and region.
Global Infusion Pumps Market by Type
Based on the type, it is segmented into volumetric pumps, syringe pumps, elastomeric pumps, insulin pumps, enteral pumps, implantable pumps, and patient control analgesia pumps. The insulin pumps segment is anticipated to dominate the market during the forecast period. The key factors such as growing number of type 1 diabetic patients population across the globe and the introduction of promising technologies in insulin pump areas. Growing applications of PCA pumps in pain management are anticipated to boost the growth of the market.
Global Infusion Pumps Market by Application
Based on the application, it is segmented into diabetes, oncology, pain management, and others. The diabetes segment is anticipated to dominate the market during the forecast period. The oncology segment is also likely to witness the fastest growth during the forecast period. The growing prevalence of various cancers coupled with increasing new product launched in this field is boosting the growth of the market.
Global Infusion Pumps Market by End User
Based on the end user, it is segmented into hospitals, ambulatory care settings, specialty clinics and home care settings. The hospital segment is anticipated to dominate the market during the forecast period. The high procuring power of the costliest infusion devices coupled with the large patient pool visiting these facilities, and the readiness of trained staff to operate the pump is boosting the growth of the market.
Geographical Analysis of the Global Infusion Pumps Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Technological advancements related to the medical devices in the region is boosting the growth of the market. Likewise, Europe held the second position in the market size owing to rise in prevalence of chronic diseases and significant expenditure in the healthcare sector by the European Commission are likely to boost the demand for these pumps in Europe region.
Major Players in the Global Infusion Pumps Market
The key players studied in the Becton, Dickinson and Company (US), Baxter International (US), B. Braun (Germany), ICU Medical (US), Fresenius Kabi (Germany), Medtronic PLC (Ireland), Moog Inc. (US), Avanos Medical, Inc. (US), Nipro Corporation (Japan), Terumo Corporation (Japan), Insulet Corporation (US), Ypsomed Holding AG (Switzerland), Tandem Diabetes Care (US), JMS Co., Ltd. (Japan) and Micrel Medical Devices SA (Greece) among others.
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