Infusion Pumps Market Size at USD 10.79 Bn in 2023: Projected 8.8% CAGR Growth to USD 19.47 Bn by 2030

Anticipated Growth in Revenue:

Infusion Pumps Market size was valued at USD 10.79 Bn. in 2023 and the total Infusion Pumps revenue is expected to grow at a CAGR of 8.8% from 2024 to 2030, reaching nearly USD 19.47 Bn.

Infusion Pumps Market Overview:

The Infusion Pumps Market are medical devices designed to deliver fluids, such as medications and nutrients, to patients in a controlled manner. These devices are essential for administering precise dosages, particularly in critically ill patients who require accurate and continuous infusion of drugs. Infusion pumps are preferred over manual administration due to their ability to ensure precise and controlled delivery, thus minimizing the risk of overdose or underdose. The market for infusion pumps is driven by the increasing prevalence of chronic diseases, advancements in technology, and the growing demand for better healthcare facilities.

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Infusion Pumps Market Scope:

This report aims to provide a comprehensive analysis of the global infusion pumps market, including market size, growth trends, key drivers, segmentation, regional insights, and the impact of the COVID-19 pandemic. The market size was valued at USD 10.79 billion in 2023, with an expected CAGR of 8.8% from 2024 to 2030, reaching nearly USD 19.47 billion.

Infusion Pumps Market Drivers:

Increasing Prevalence of Chronic Diseases: The rising incidence of chronic diseases such as cancer, diabetes, and cardiovascular diseases is a major driver for the infusion pumps market. Infusion pumps are widely used in the treatment of these conditions, offering benefits such as precise dosage control and continuous medication delivery.

Technological Advancements: Innovations in infusion pump technology, including the development of smart pumps with advanced features like drug libraries and error-prevention software, are boosting market growth. These advancements enhance the safety and efficiency of infusion pumps, making them more attractive to healthcare providers.

Rising Number of Surgical Procedures: The increasing number of surgical procedures globally is driving the demand for infusion pumps. These devices are essential for administering anesthesia and pain management medications during and after surgeries.

Aging Population: The growing elderly population, who are more prone to chronic diseases and require long-term care, is contributing to the increased demand for infusion pumps.

Infusion Pumps Market Segmentation:

by Type

Volumetric Pumps
Syringe Pumps
Elastomeric Pumps
Insulin Pumps
Enteral Pumps
Implantable Pumps
Patient Control Analgesia (PCA) Pumps

by Application

Chemotherapy/Oncology
Diabetes Management
Gastroenterology
Pain Management Analgesia
Pediatrics/ Neonatology
Hematology
Other Applications

by End-User

Hospitals
Home Care Settings
Ambulatory Care Settings
Academic and Research Institutes

Infusion Pumps Market Key Players: The key players are

1. Becton, Dickinson and Company (US)
2. Baxter International Inc. (US)
3. ICU Medical, Inc. (US)
4. Smiths Medical (US)
5. Moog Inc. (US)
6. Avanos Medical, Inc. (US)
7. Insulet Corporation (US)
8. Tandem Diabetes Care (US)
9. InfuTronix Solutions LLC (US)
10. Zyno Medical LLC (US)
11. Teleflex, Inc. (US)
12. CODAN Medizinische Geräte GmbH & Co KG (Germany)
13. B. Braun (Germany)
14. Fresenius Kabi (Germany)
15. Medtronic PLC (Ireland)
16. Ypsomed Holding AG (Switzerland)
17. Roche Diagnostics (Switzerland)
18. Micrel Medical Devices SA (Greece)
19. Nipro Corporation (Japan)
20. Terumo Corporation (Japan)
21. JMS Co., Ltd. (Japan)
22. SOOIL Development Co., Ltd. (South Korea)
23. Shenzhen MedRena Biotech Co., Ltd. (China)
24. Mindray Medical International Limited (China)
25. Epic Medical (Singapore)

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Infusion Pumps Market Regional Analysis:

The global infusion pumps market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America: North America dominated the market in 2023, with the United States leading due to the high prevalence of chronic diseases, advanced healthcare infrastructure, and favorable reimbursement policies. The region is expected to maintain its dominance with a significant CAGR during the forecast period.

Asia Pacific: The Asia Pacific region is expected to grow at the highest CAGR due to the increasing healthcare expenditure, rising prevalence of chronic diseases, and growing medical tourism. Countries like China, Japan, and India are major contributors to the market growth in this region.

Europe: Europe holds a significant share of the infusion pumps market, driven by the high incidence of chronic diseases, advanced healthcare systems, and ongoing technological innovations.

Latin America and the Middle East & Africa: These regions are also expected to witness growth due to improving healthcare infrastructure and increasing awareness about the benefits of infusion pumps.

COVID-19 Impact Analysis on Infusion Pumps Market:

The COVID-19 pandemic had a significant impact on the infusion pumps market. The demand for infusion pumps surged during the pandemic due to the increased need for intravenous medication administration in COVID-19 patients. The US Food and Drug Administration (FDA) granted emergency use authorizations (EUAs) to address the critical need for infusion pumps and related accessories. This led to a temporary boost in market growth. Additionally, the pandemic highlighted the importance of advanced healthcare technologies, driving further investments in the development of innovative infusion pumps.

Key Questions Answered in the Infusion Pumps Market Report are:

• What will be the CAGR of the Infusion Pumps market during the forecast period?
• Which segment emerged as the leading segment in the Infusion Pumps market?
• Which are the prominent players in the Infusion Pumps market?

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