Global Infusion Pumps
Market Report
2024
As per the latest report of Cognative Market Research, The Global Infusion Pump market was valued at USD 14.72 Billion in 2022 and is projected to reach USD 24.84 Billion by 2030, registering a CAGR of 6.8% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per the latest report of Cognitive Market Research, The Global Infusion Pump market was valued at USD 14.72 Billion in 2022 and is projected to reach USD 24.84 Billion by 2030, registering a CAGR of 6.8% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Infusion Pumps Market Sales Revenue 2022 | $ 14.72 Billion |
Global Infusion Pumps Market Sales Revenue 2030 | $ 24.84 Billion |
Global Infusion Pumps Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.8% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by End Users |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Infusion Pumps Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An infusion pump infuses fluids, nutrients, and drugs into the patient's circulatory system. It is used in various routes such as intravenous, subcutaneous, arterial, and epidural. These are designed for specialized functions such as insulin pumps to deliver insulin, enteral feeding pumps to deliver nutrients, and patient-controlled analgesia (PCA) pumps for the delivery of pain medications. Growing prevalence of chronic diseases, technological advancement in drug delivery systems. Increasing the use of these techniques in developing countries is the major factor in boosting the infusion pump market. The rising use of these pumps has been encouraged over the manually driven flow control method to provide accurate and exact delivery of the fluid and achieve maximum therapeutic efficacy. The introduction of insulin pumps by the major market players such as Medtronic, Insulet Corporation, etc. became a key factor for bolstering the market of infusion pumps across the globe.
An increase in spending on long-term care and a rising preference for homecare settings are the major factors boosting demand for ambulatory infusion pumps. An increase in the rate of adopting ambulatory infusion pumps and a rise in the need to reduce hospital stays are critical factors for the surge in demand for ambulatory infusion pumps in home care settings. Ambulatory infusion pumps are primarily designed to be portable or wearable. Infusion pumps are used to deliver fluids such as nutrients, medicines, and antibiotics into a patient's body correctly and in a controlled environment. They are commonly used in home settings, hospitals, ambulatory surgery centers, infusion clinics, and long-term care facilities. Patients adopting affordable and easy-to-use ambulatory infusions over other infusion pumps.
The most common infusion errors include unit errors, multiples of ten errors, miscalculations, and push-button mistakes. errors occur due to decimal entry errors while programming infusion pumps. the lack of interactions among smart infusion devices and hospital information systems in most hospitals due to a lack of wireless connectivity and low hospital budgets hampering the growth of the infusion pumps market. Wireless connectivity of infusion pumps with Electronic Medical Records (EMR), the Bar Coded Medication Administration (BCMA) system, and the Hospital Information System (HIS), can help overcome these errors and upgrade the current smart pumps to a new level of "intelligent” infusion systems.
The increase in the use of specialty infusion pumps globally has contributed to the growth of the market. Insulin pumps, patient-controlled analgesia (PCA) pumps and implantable infusion pumps are the type of specialty pumps available in the market. (PCA) pumps induce anesthesia in a controlled manner and reduce the complications associated with anesthetics. These pumps are also commonly used to manage pain during labor and chronic diseases. Enteral infusion pumps are essential medical tools for patients who suffer from indigestion due to recent surgeries or dysfunction of various digestive organs. The rising incidence of chronic diseases, the increasing number of cases of preterm births, and the shift from parenteral to enteral nutrition have increased the adoption of specialty infusion pumps. Developing countries like India, China, and Brazil are providing growth opportunities for major market players in the infusion pump market.
The ability to deliver accurate doses automatically at a set time via intravenous infusion pumps is the major factor in fuelling the demand of the market in COVID- 19 pandemic. Infusion pumps and ventilators can be considered critical devices, as these devices are used in ICUs, CCUs, and emergency departments. IV infusion is a common need in COVID wards. Infusion pumps are used in hospitals and other emergency centers to control and deliver doses of medication, and because they can be set to do this without constant supervision, they allow doctors and nurses to treat patients with minimal exposure to infection. Hence, the demand for infusion pumps grew remarkably in 2020. This made the supply and distribution of infusion pumps a major challenge.
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Novum IQ syringe infusion pump will provide enhanced safety features, advanced connectivity, and configurable anesthesia care settings to the patient.
(Source: https://www.baxter.com/baxter-newsroom/baxter-announces-us-fda-clearance-novum-iq-syringe-infusion-pump-dose-iq-safety )
The Insignis syringe pump is affordable, supports intermittent “pause” dosing, and provides ideal lengthy low-volume hospital infusions.
(Source: https://www.fdanews.com/articles/203685-ihs-gets-ce-mark-for-insignis-syringe-infusion-system. )
Top Companies Market Share in Infusion Pumps Industry: (In no particular order of Rank)
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The rising incidence of chronic diseases, the growing geriatric population, and favorable reimbursement policies in North America are major factors for boosting market growth. Adopting new technologically advanced products for regular treatment of chronic disease conditions, awareness pertaining to advanced intravenous infusion pumps and the presence of advanced healthcare infrastructure are also fuelling the growth of the overall regional market to a large extent around the globe.
The current report Scope analyzes Infusion Pumps Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Infusion Pumps Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Infusion Pumps Industry growth. Infusion Pumps market has been segmented with the help of its Product Type, Application End Users, and others. Infusion Pumps market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on product the intravenous infusion pump market is divided into volumetric infusion pumps, syringe infusion pumps, insulin infusion pumps, enteral infusion pumps, ambulatory infusion pumps, patient-controlled analgesia infusion pumps, and implantable infusion pumps. Volumetric infusion pumps contributed the largest market share as these pumps are capable of delivering continuous and accurate amounts of fluids at very slow to very fast rates.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Infusion Pumps Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Infusion Pumps from 2019 to 2031. This will also help to analyze the demand for Infusion Pumps across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Infusion Pumps are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Infusion Pumps market report 2024 Edition by contacting our team.
In 2022, the home care settings segment held the largest share due to the growing adoption of ambulatory pumps and increasing preference for site-of-care management to reduce the cost burden. Moreover, increasing government initiatives for the reduction of overall healthcare costs associated with prolonged hospitalization are likely to support the rising demand for infusion systems in the homecare setting.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Infusion Pumps Market is witnessing significant growth in the near future.
In 2023, the Volumetric Infusion Pumps segment accounted for noticeable share of global Infusion Pumps Market and is projected to experience significant growth in the near future.
The Chemotherapy/Oncology segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Baxter International , Fresenius Kabi and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product Type | Volumetric Infusion Pumps, Syringe Infusion Pumps, Insulin Infusion Pumps, Ambulatory Infusion Pumps, Enteral Infusion Pumps, Patient controlled Analgesia PCA Infusion Pumps, Implantable Infusion Pumps |
Application | Chemotherapy/Oncology, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Hematology |
End Users | Hospitals, Home Healthcare, Clinics |
List of Competitors | Baxter International, ICU Medical, Fresenius Kabi, Medtronic pic, Nipro Corporation, Terumo Corporation, Ypsomed Holding AG, Micrel Medical Devices, InfuTronix Solutions LLC, Zyno Medical LLC, Roche DiagnosticsTeleflex Inc., Others |
This chapter will help you gain GLOBAL Market Analysis of Infusion Pumps. Further deep in this chapter, you will be able to review Global Infusion Pumps Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Infusion Pumps Market Trends North America Infusion Pumps Technological Road Map North America Infusion Pumps Market Drivers North America Infusion Pumps Market Restraints North America Infusion Pumps Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End Users Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Infusion Pumps market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Volumetric Infusion Pumps have a significant impact on Infusion Pumps market? |
What are the key factors affecting the Volumetric Infusion Pumps and Syringe Infusion Pumps of Infusion Pumps Market? |
What is the CAGR/Growth Rate of Chemotherapy/Oncology during the forecast period? |
By type, which segment accounted for largest share of the global Infusion Pumps Market? |
Which region is expected to dominate the global Infusion Pumps Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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