Infusion Pump Market surpassed US$ 9.2 Bn in 2021, owing to rising demand for ambulatory infusion pumps in home care settings | insightSLICE
The global Infusion Pump market size was estimated to be US$ 9.2 billion in 2021 and is expected grow at a CAGR of 6.9% between 2023 to 2032.
The infusion Pump Market Report will provide insights into Global Share, Developments, Statistics, and Forecasts, for the year 2022-2032. This study also takes into account the competitive environment and will give an outline of the top market participants in the Infusion Pump Market as well as their plans for the market.
Additionally, the report will also include statistics regarding important advancements, global and regional sales networks, business strategies, research and development initiatives, staff strength, and key executives for all significant market participants.
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As an example, from this report, Becton, Dickinson, and Company reported revenues of USD 17.3 billion for the year 2019, and the company’s business division report suggests that the BD Medical business segment accounted for the majority of the company’s revenue in that year.
The key players of the Global Infusion Pump Market are:
Baxter International Inc., Becton, Dickinson and Company, Avanos Medical, Inc., B. Braun Melsungen AG, Mindray Medical International Limited, Moog Inc., Insulet Corporation, JMS Co., Ltd., Medtronic plc, Fresenius Kabi, ICU Medical, Inc., Micrel Medical Devices SA, NIPRO Corporation, Roche Diagnostics, Tandem Diabetes Care, Inc., Teleflex, Inc., Smiths Medical, Terumo Corporation, Zyno Medical, and Ypsomed Holding AG,
Uses of the infusion pumps and their adoption
The global infusion pump market is being dynamically influenced by the prevalence of chronic diseases, a growing geriatric population, rising hospitalization, a rise in the number of operations, and increasing acceptance of improved goods.
Because of the increasing number of patients undergoing inpatient care for chronic diseases like cancer, there is a huge increase in the need for infusion pumps.
The World Health Organization and the International Agency for Research on Cancer estimated that there were roughly 18 million new cancer cases identified in 2018 and cancer-related deaths totaled 9.6 million.
Another factor driving the use of infusion pumps is the rise in the world’s geriatric population, which is spurred by the need for more elderly people to get intensive care and hospitalization. The latter half of the previous decade saw a significant increase in the demand for refurbished infusion pumps from mid- and low-income countries.
This has had a big impact on the development of the infusion pump market globally. However, the demand for sophisticated infusion pumps is anticipated to increase in the approaching years due to increased investment in healthcare infrastructure.
The increasing global merger and acquisition activity is one other element influencing the infusion pump industry. During the forecast period, it is expected that the worldwide infusion pump market will expand significantly.
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What is covered in the report for Infusion Pump Market?
With a special focus on every company involved in the global infusion pump market, this report offers an in-depth analysis of leading companies with a majority share of the global market. This will help our clients to identify the key players that focus on infusion pump production and sales.
Additionally, the market shares of well-known businesses operating in the worldwide infusion pump market would be calculated.
For example, from this report, Becton, Dickinson, and Company operate three divisions namely BD Medical, BD Life Sciences, and BD Interventional. The BD Medical division contributed US$9.1 billion in revenue in 2019 and is the one that delivers infusion pumps.
The key competitors and their business strategies, product portfolios, SWOT analyses, recent partnerships, and research developments will be covered in the Infusion Pump Market report during the anticipated time frame. This research will take into account the businesses operating in the infusion pump market and their contributions.
The focus of the product portfolio portion of our analysis will mostly be on all of the goods provided by the company’s Infusion Pump Market division.
Similar to the previous section, the recent developments section of this research will focus on the most recent developments in the global infusion pump market, including regional expansion, mergers, and acquisitions, as well as the introduction of new products and strategic alliances.
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Which regions will show better growth in terms of sales and revenue?
North America led the world market for infusion pumps in 2019 and is expected to continue to do so throughout the forecast period. Due to the prevalence of chronic diseases and its growing population, the United States performs a significant portion of the world’s surgical procedures.
The main factors influencing the need for infusion pumps in North America include the rise in cancer cases, the growing frequency of infectious diseases, and the use of ambulatory infusion pumps.
Due to the growing population and increased investment in bolstering the healthcare infrastructure, infusion pump manufacturers in the Asia Pacific are expected to benefit financially in the years to come.
The incidence of chronic diseases as well as the rise in medical tourism are anticipated to be the main drivers of the Asia Pacific infusion pump market growth over the forecast period.
Global Infusion Pump Market Key Segments:
By Product Type
- Syringe Pumps
- Volumetric Infusion Pumps
- Eternal Infusion Pumps
- Patient Controlled Analgesia Infusion Pumps
- Insulin Infusion Pumps
- Ambulatory Infusion Pumps
- Disposable Infusion Pumps
- Chemotherapy Infusion Pumps
- Implantable Infusion Pumps
- Others
By Application
- Diabetes
- Oncology
- Gastroenterology
- Analgesia/pain management
- Paediatrics/neonatology
- Haematology
- Others
By Geography:
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
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