Rapid implementation of advanced technologies in infusion pumps and increasing adoption of these pumps for treatment of chronic diseases are some key factors driving market revenue growth
The global infusion pump market size is expected to reach USD 28.01 Billion in 2030 and register a revenue CAGR of 9.4% over the forecast period, according to latest report by Reports and Data. Rapid implementation of advanced technologies in infusion pumps and their increasing adoption for treatment of chronic diseases, such as cardiovascular disease, are expected to drive market revenue growth during the forecast period. Increasing prevalence of cancer, chronic pain, and diabetes is expected to drive revenue growth of the global infusion pump market in the near future. Additionally, adoption of infusion pumps is increasing, due to their portability and high durability, which is expected to drive revenue growth of the market.
However, challenges such as medication errors associated with infusion pumps can hamper revenue growth of the market during the forecast period. Some other issues related to electrical and mechanical failure can make it difficult to operate this device in a busy hospital environment. This creates challenges in creating modeled designs according to consumer needs, which is expected to restrain market revenue growth during the forecast period.
Key companies profiled in the report include
- Braun Melsungen AG, Becton, Dickinson and Company, Baxter International, Inc., ICU Medical, Inc., Fresenius Kabi Oncology Limited, Eitan Medical, Micrel Medical Devices, Medtronic PLC, TERUMO, Co., and Avanos Medical, Inc.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Infusion Pump market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Infusion Pump Market Segmentation based on Types:
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Devices
- Portable Infusion Pumps
- Elastomeric Infusion Pumps
- Stationary Infusion Pumps
- Specialty Infusion Pumps
- Traditional Infusion Pumps
- Implantable Infusion Pumps
- Ambulatory Infusion Pumps
- PCA Pumps
- Syringe Infusion Pumps
- Insulin Pumps
- Enteral Infusion Pumps
- Volumetric Infusion Pumps
- Consumables and Accessories
- Dedicated Consumables and Accessories
- Non-Dedicated Consumables and Accessories
Application Outlook (Revenue, USD Billion; 2019-2030)
- Pain Management
- Neonatology
- Oncology
- Hematology
- Diabetics Management
- Gastroenterology
- Others
Material Outlook (Revenue, USD Billion; 2019-2030)
- Battery
- Piston Seal
- Needleless Connectors
- BLDC Motor
- Barrel
- Catheter Connector
- Check Valve Seal
- Electronic Hybrid Module
- Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- Ambulatory Care
- Homecare
- Academic
Some Key Highlights in the Report
- Devices segment is expected to account for largest revenue share in the global infusion pump market between 2022 and 2030. Rising demand for infusion pumps in medical emergency centers to deliver fluid at automated intervals is driving revenue growth of this segment.
- Ambulatory segment is expected to register a rapid revenue growth rate over the forecast period. Increasing demand for ambulatory infusion pumps in home care settings is expected to drive revenue growth of this segment. Ambulatory infusion pumps are typically plastic handheld devices consisting of a disposable syringe or a disposable collapsible bag reservoir, as this mechanism helps in propelling the infusate.
- Asia-Pacific market is expected to register a steady revenue CAGR in the global market over the forecast period. Increasing aging population in countries in the region is expected to drive market revenue growth. Infusion pumps are widely used in geriatric population, as it is an improved method to administer medications/hormones/nutrition and others, which is expected to support market revenue growth in Asia-Pacific.
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