Global Infusion Pump Market Insights, Size and Growth Forecast To 2027

 

The global infusion pumps market is expected to grow at a CAGR of ~8.8% from 2021 to reach ~22.06 billion by 2027. The growth is primarily attributed to prevalence of chronic diseases, increasing geriatric population, rising demand for infusion pumps and increasing number of surgeries performed across the globe. However, regulatory scenario and errors associated with infusion pumps and growing trends of refurbished infusion pumps are expected to hinder the growth of this market. Rising demand of specialized infusion pumps and growth potentials in emerging countries offer significant growth opportunities.

By Accessories and Consumables: Insulin infusion pumps to register highest CAGR 
Insulin infusion pumps segment is anticipated to register highest CAGR during the forecast period. The growth of this market segment can be attributed to prevalence of diabetes, ease of use owing to self-administration, low chances of error and replacement of multiple daily injections. In addition, growing development of user-friendly devices is further expected to drive the growth of this market. 

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”


By Devices: Volumetric infusion pumps dominated the infusion pump market in 2020
Based on devices, volumetric infusion pump segment accounted for the largest share of infusion pumps market in 2020. The large share of this market segment can be attributed to capability of delivering fluids, blood or total parental nutrition to patients at a predetermined rate. 

By Application: Chemotherapy/Oncology segment accounted for largest share in 2020
Based on Application, Chemotherapy/Oncology segment accounted for the largest share of infusion pumps market in 2020. The large share of this segment can be ascribed by prevalence of cancer, technological advancement and availability of infusion pumps for chemotherapy. 

By setting: Hospitals to dominate global infusion pump market
Based on setting, Hospitals commanded largest share of global infusion pump market in 2020. The large share of this market segment can be attributed to high purchasing power of hospitals, large patient pool and availability of trained professionals. Home care setting is expected to grow at highest CAGR during forecast period due to government initiatives to reduce healthcare costs. 

By Region: Asia Pacific is expected to grow at a fastest rate 
In 2020, North America accounted for the largest share of infusion pumps market. The largest share is mainly attributed to high adoption, prevalence of chronic diseases, growing geriatric population and highly developed healthcare infrastructure. However, Asia Pacific region is expected to grow at fastest CAGR during the forecast period. The growth is driven by increasing burden of cancer and diabetes in Asian countries, rising adoption of infusion pumps and increasing number of surgeries performed in these countries. 

Competitive Scenario
  • Becton Dickinson and Company (US)
  • Baxter International (US)
  • B. Braun (Germany)
  • ICU Medical (US)
  • Fresenius Kabi (Germany)
  • Smiths Medical (US)
  • Medtronic PLC (Ireland)
  • And Moog Inc. (US) 
are the key players operating in this market. 

Other players are 
  • Avanos Medical Inc. (US)
  • Nipro Corporation (Japan)
  • Terumo Corporation (Japan)
  • Insulet Corporation (US)
  • Ypsomed Holding AG (Switzerland)
  • Tandem Diabetes Care (US)
  • JMS Co. Ltd. (Japan)
  • Micrel Medical Devices SA (Greece)
  • InfuTronix Solutions LLC (US)
  • Zyno Medical LLC (US)
  • Roche Diagnostics (Switzerland)
  • Teleflex Inc. (US)
  • Mindray Medical International Limited (China)
  • Epic Medical (Singapore)
  • SOOIL Development Co. Ltd. (South Korea)
  • Shenzhen MedRena Biotech Co. Ltd. (China)
  • And CODAN Medizinische Geräte GmbH & Co KG (Germany).

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