Infusion Pump Market Growth 2022-2030: Increasing Adoption Of Infusion Pumps For The Treatment Of Chronic Diseases

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.

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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.

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.
• In July 2021, Eitan Medical, a global pioneer in innovative infusion care and drug delivery systems across the care continuum, announced opening of a new office in Germany to support its growing client base in Europe.

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.

Top Companies Profiled in the Report:

B. 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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Infusion Pump Market Segmentation:

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

Regional Outlook:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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