According to QY Research Medical, the infusion pumps & accessories market size is estimated to surpass around $13,264.18 Million by 2030 and growing at a CAGR of 5.2% from 2021 to 2030.
According to QY Research Medical, the infusion pumps & accessories market size is estimated to surpass around $13,264.18 Million by 2030 and growing at a CAGR of 5.2% from 2021 to 2030.
An infusion pump is a medical device, which delivers fluids, nutrients, and medications into patient’s body in controlled amounts. They are used in clinical settings, such as hospitals and nursing homes. An infusion system consists of a device and associated disposables that are useful to deliver fluids or drug solutions to the patient. The device helps regulate the amount of fluid during infusion and the accessories deliver the medicaments from the reservoir to the site of administration. There are different types of infusion pumps, such as syringe infusion pump, insulin infusion pump, analgesia infusion pump, and others.
Full Report is Ready | Request Sample of This Report @ https://qyresearchmedical.com/sample/112668
Syringe infusion pumps are type of infusion pumps that have the ability to infuse or withdraw fluids and are used to deliver small amounts of fluid or medications to patients. In this device, the syringe plunger is pushed forward by the motor to deliver the liquid. Syringe infusion pumps are commonly used for delivery of precise doses of drugs and infusion fluids. Insulin infusion pump is a small electronic pump that can be carried by patients. The pump mimics the functions of pancreas and precise doses of rapid-acting insulin for 24 hours through a Continuous Subcutaneous Insulin Infusion (CSII).
Scope of the Report
| Report Coverage | Details |
| Market Size in 2020 | $8138.49 Million |
| Revenue Forecast by 2030 | $13,264.18 Million |
| CAGR | 5.2% from 2021 to 2030 |
| Base Year | 2021 |
| Forecast Data | 2022 to 2030 |
Growth of the global infusion pumps & accessories market is majorly driven by increase in prevalence of chronic diseases, surge in usage of volumetric infusion pumps in internal medicine, surgical, pediatrics, obstetrics, ICU, CCU wards, operating rooms, and other clinical infusion treatments and development of new infusion pump products by large number of key players. Factors that fuel the growth of the infusion pumps & accessories market are increase in usage of ambulatory infusion pumps during chemotherapy for cancer patients, insulin delivery in diabetic patients, parenteral nutrition for patients with gastrointestinal disorders, and delivers analgesics to relieve pain, or antibiotics to treat infections. As per the article published by American Diabetes Association in 2018, approximately 30-40% of people suffered from type 1 diabetes. Therefore, growing number of insulin-requiring patients with type 2 diabetes depend on insulin infusion pump, which drives the growth of the market.
According to the National Cancer Statistics, around 1,806,590 new cases of cancer were reported in the U.S. in 2020. Therefore, the growth in number of cancer patients is anticipated to boost the growth of the market. As per the latest report published by National Health Council, 133 million Americans suffered from chronic diseases in 2019. The burden of chronic diseases leads to surge in demand for infusion pump for the delivery of medications into human body. Furthermore, increase in number of product approvals is expected to provide remunerative opportunities for the expansion of the global infusion pumps & accessories market during the forecast period.
Full Report is Ready | Quick Buy This Premium Report From Here: https://qyresearchmedical.com/report/checkout/112668/2900
What Is The Impact Of Covid-19 Pandemic On The Infusion Pumps & Accessories Market?
The COVID-19 outbreak is anticipated to have a positive impact on the growth of the global infusion pumps & accessories market. For instance, in May 2020, The U.S. Food and Drug Administration (FDA) issued an umbrella emergency use authorization for infusion pumps and accessories, to be used by healthcare professionals to treat conditions caused by the COVID-19 infection. The U.S. FDA issued EUA’s (Emergency Use Authorization) that have increased the availability of infusion pumps. Thus, rise in the usage of infusion pumps during the COVID-19 pandemic has increased the production of infusion pumps and accessories, which is anticipated to drive the infusion pumps and accessories market during the forecast period.
Thus, new innovations by key players and rise in number of product approvals propel the growth of the market. However, stringent government regulations associated with product approval of infusion pumps is expected to restrict the market growth during the forecast period.
Infusion Pumps & Accessories Market Segmentation
The infusion pumps & accessories market is segmented on the basis of type, application, end user, and region. By type, the market is categorized into devices & pumps and accessories & disposables. On the basis of application, it is divided into diabetes, gastroenterology, analgesia & pain management, chemotherapy, pediatrics & neonatology, and others. By end user, it is divided into hospitals, homecare, ambulatory surgical centers, and others.
Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Segment Review
By type, the accessories & disposables segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in R&D activities in the pharmaceutical industry, rise in prevalence of chronic diseases, and surge in adoption of infusion pump products. However, the devices & pumps segment is expected to witness considerable growth during the forecast period, owing to increase in number of diabetic patients and rise in number of key players for development of infusion pumps & accessories.
By application, the gastroenterology segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to increase in prevalence of cancer cases, rise in number of chemotherapy procedures, and increase in demand for ambulatory infusion pump in homecare. However, the diabetes is expected to witness considerable growth during the forecast period, due to increase in number of product approvals.
By end user, the hospitals segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to increase in prevalence of geriatric population, increase in advancement in infusion pump devices, and increase in demand for insulin pump. However, the home care is expected to witness considerable growth during the forecast period, due to increase in number of key players.
North America garnered the major share in the infusion pumps & accessories market in 2020, and is expected to continue to dominate during the forecast period, owing to rise in number of collaborations and partnership among key companies that manufacture infusion pumps, presence of key players, development of the healthcare sector, and presence of infusion pump products in the region. However, Asia-Pacific is expected to register the highest CAGR of 5.3% from 2021 to 2030, owing to increase in prevalence of chronic diseases and development of healthcare infrastructure.
Key players that operate in the global infusion pumps and accessories market include, B. Braun Melsungen AG, Baxter International, Becton Dickinson & Company, Fresenius SE & Co., ICU Medical Inc., Insulet Corporation, Johnson & Johnson, Medtronic Plc, Moog Inc., and Terumo Corporation.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the infusion pumps & accessories market, and the current trends & future estimations to elucidate imminent investment pockets.
- It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing infusion pumps and accessories market opportunities.
- Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
- Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the infusion pumps & accessories market.
Key Market Segments
- BY PRODUCT
- Device & 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
- Device & Pumps
- BY APPLICATION
- Diabetes
- Gastroenterology
- Analgesia & Pain Management
- Chemotherapy
- Pediatrics & Neonatology
- Other Applications
- BY END USER
- Hospitals
- Home Care
- Ambulatory Surgical Centers
- Other End Users
- BY REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- North America
Key Market Players
- B. Braun Melsungen AG
- Baxter International
- Becton & Dickinson
- Fresenius SE & Co.
- ICU Medical Inc.
- Insulet Corporation
- Johnson & Johnson
- Medtronic plc
- Moog Inc.
- Terumo Corporation
Full Report is Ready | Quick Buy This Premium Report From Here: https://qyresearchmedical.com/report/checkout/112668/2900
You can place an order or ask any questions, please feel free to contact sales@qyresearchmedical.com | +1 9197 992 333
About Us
QYResearch Medical, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base & seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in industries of healthcare services, medical technology & devices, etc.), professional survey team (the team members obtained more than 3 years market survey experience and more than 2 years deep expert interview experience), and excellent data analysis team (SPSS statistics and PPT graphics process team).
QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover China, US, EU, Asia, Middle East and Africa, South America, Australia, and other regions in the world.
For Latest Update Follow Us:
https://www.linkedin.com/company/qyresearch-medical/
https://www.facebook.com/QYResearch-Medical-108186514228917/