INFUSION PUMPS MARKET ANALYSIS

Infusion Pump Market, By Product (Large Volume Infusion Pumps, Syringe Infusion Pumps, Insulin Pumps, Enteral Feeding Pumps, Elastomeric Pumps, and Implantable Pumps), By Technology (Traditional and Specialty), By Usage (Stationary and Ambulatory), By Application (Oncology, Diabetes, Gastroenterology, Pediatrics and Neonatology, Pain Management, and Others), End User (Hospitals, Home Healthcare Settings, Nursing Homes and Others), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : May 2023
Code : CMI127
Pages :140
Formats :
Excel and PDF
Industry : Medical Devices

Infusion Pumps MarketSize and Trends

The global infusion pump market was valued at US$ 8.87 Bn in 2022 and is forecast to reach a value of US$ 16.91 Bn by 2030 at a CAGR of 8.4% between 2023 and 2030. The global infusion pump market is experiencing strong growth due to the growing burden of chronic disease and growing geriatric population worldwide. Moreover, increase in demand for infusion pump and increase in adoption of smart infusion pumps is expected to augment the market growth. However, factors such as the safety issues and stringent rules and regulations and high cost of infusion pumps are expected to hamper the infusion pump market growth.

Global Infusion Pump Market Trends:

Growing number of surgical procedures is a recent trend

Elastomeric pumps, also known as balloon pumps, are used to administer liquid drugs such as local anesthetics, analgesics, cytostatics, or antibiotics (depending on a therapy). They are designed for continuous drug delivery, on-demand delivery, or combination of both continuous and on-demand drug delivery. Thus, with the increasing number of surgical procedures, the use and/or demand for infusion pumps is also increasing with the rapid pace. This trend is expected to continue over the forecast period, driving the growth of the infusion pump market.

High demand for volumetric infusion pumps is another trend

Volumetric infusion pumps have a wide range of applications in disease management as well as in parenteral nutrition compared to other pumps. The high demand for volumetric pumps is attributed to the safety, accuracy and simplicity of these pumps. Moreover, the adoption of technologically advanced volumetric pumps with capabilities, such as electronic health record (EHR) integration, built-in security systems, and others is expected to augment the market growth. This trend is also expected to continue over the forecast period.