Infusion Pump Market Research Report- Global Forecast To 2027

Infusion Pump Market Share, Trends And Growth Analysis By Type (Volumetric Pump, Syringe Pump, & Others), By Application (Chemotherapy, Diabetes, Gastrointestinal Diseases, Pediatrics & Others), By End User (Hospitals, Ambulatory Surgical Centers, Homecare & Others) - Forecast to 2027

ID: MRFR/MED/0980-CR | February 2021 | Region: Global | 125 pages         

Infusion Pump Market

Infusion Pump Market share is anticipated to accomplish USD 18.30 Billion with the support of a 8.2% CAGR over the forecast period ending in 2027

Segmentation

By Type Volumetric Pump Syringe Pump
By Application Chemotherapy Diabetes Gastrointestinal Diseases Pediatrics
By End User Hospitals Ambulatory Surgical Centers Homecare

Key Players

  • 3M
  • BRAUN MELSUNGEN AG
  • Baxter
  • Becton
  • Dickinson and Company
  • Fresenius Kabi AG
  • ICU Medical
  • Inc
  • Smiths Medical
  • Terumo Medical Corporation

Drivers

  • Increased Use Of Infusion Pumps For Drug Delivery
  • Rising Prevalence Of Fatal Diseases
  • High Demand For The Infusion Systems In The Military Medical Units
Speak to Analyst Request a Free Sample

Infusion Pump Market Overview


The infusion pump market can touch USD 18.30 Billion by the end of 2027, confirms Market Research Future (MRFR). The worldwide market could secure 8.2% CAGR between 2020 and 2027.


Infusion pumps like implantable pumps, insulin pumps and ambulatory chemotherapy pumps, help manage a variety of diseases, including diabetes and cancer, in home care settings. Ambulatory infusion pumps are wearable or portable while infusion pumps help in the precise delivery of fluids like medicines, antibiotics and nutrients in the body under a controlled environment. These are commonly deployed in ambulatory surgery centers, hospitals, infusion clinics, long-term care facilities, and home settings. Over the years, the preference for home healthcare has risen, thanks to the surging cases and prominence of chronic disorders. Surge in healthcare spending, especially with respect to hospitalization favor the worldwide industry as well. Home healthcare offer an affordable option to the patients, especially in comparison to expensive hospital care. This helps bring down the expenditure in terms of healthcare services. With the heightened need to cut down the rate of hospital stays; more and more patients are using ambulatory infusion pumps that are affordable compared to other types of infusion pumps and are easier to use too.


Since infusion pumps help administer vital fluids, which include high-risk medications, any error while using these devices can lead to serious harm to the patient. It can even cause death. This can be a key challenge given the negative impact on the product demand.


Emerging nations like India, Brazil and China will present significant opportunities to the global firms in the infusion pumps industry. These countries have diversified healthcare sectors, with the rising cases of chronic and infectious disorders, along with surging number of R&D of advanced medical technologies. Other than this, infrastructural advances in healthcare facilities, and the low-cost production advantage in Asia Pacific can prompt more players to invest in this region over the following years.


COVID-19 Analysis


The repositioning of infusion pumps farther from the patient is one-way nurses respond to patient care and medicine dispensation in the current pandemic. The need for protecting frontline workers due to the widespread lack of PPE is estimated to encourage the infusion pump market. The pandemic has led several nurses to resort to placing infusion pumps outside the patient's room with the assistance of an extra-long extension tubing so that they can manage medications from several feet away. While not ideal, this trend is being observed in several setups, leading to innovations in improving infusion pump efficacy. The hospital shortage of ventilators, personal protective equipment​, and infusion pumps critical for delivering medications and fluids to the rising number of hospitalized COVID-19 patients is vital in the market. This has led to the FDA's control seeking to boost tech like remote monitoring of infusion pumps so suppliers and COVID-19 patients can maintain safe distances from each other. Extension sets enable hospitals to run that tubing under doors and occasionally through crude holes in walls.


Infusion Pump Market Dynamics


Drivers


Increased Use Of Infusion Pumps For Drug Delivery


The surge in drug delivery intravenously in liquid form has risen as patients in critical condition cannot take their medications in solid forms.


Rising Prevalence Of Fatal Diseases


The escalating incidence of chronic illnesses and the fatality rates associated with these ailments are projected to transform the global market.


High Demand For The Infusion Systems In The Military Medical Units


The surging application in medical units in several military units is projected to add to the market's overall development.


Technological Advancements From The Leading Market Players


The enhancement in technology is a pivotal factor enhancing the infusion pump market share's progress in the future.


Restraint


Patient Safety Concerns


The cases related to incorrect infusion techniques are projected to alter the development that can be expected from the market.


Unmet Medical Needs In The Low-Income Countries


In developing countries, the dismal healthcare infrastructure is assessed to enhance the market for infusion pumps in the forthcoming period.


Opportunity


Growing Geriatric Population Presents Significant Growth


The rise in the elderly population is a significant contributor to expanding the infusion pump manufacturer in the impending period as they currently need the infusion pump devices more than ever in-home settings due to the COVID-19 restrictions that are currently in force in several countries.


Infusion Pump Market Segment Overview


By Type


The volumetric pump segment is likely to account for the principal market portion in the forecast period.


By Application


The chemotherapy segment reported for the principal infusion market share of the overall market in the impending period.


By End-User


The hospital segment governed the infusion pump market with the chief market share in the approaching period.


Infusion Pump Market Regional Analysis


North American To Be Moved By Advanced Technology


The North American regional market is the principal base for top infusion pump manufacturers. It is anticipated to rule the principal market portion because advanced technologies incessantly develop in these countries. The North American region is anticipated to influence USD 3.49 billion by the end of 2023.


Strong Patient Base To Enhance The Market


The European regional market is estimated to account for the subsequent chief market expected to earn nearly USD 3.11 billion in earnings. This speedy growth is majorly owing to current expansions in healthcare and refining economies and disposable income per person.


Steady Growth To Power APAC


With the presence of opening for continuously growing economies, the Asia Pacific region is projected to be the fastest budding regional market.


Infusion Pump Market Competitive Landscape


The central companies in bolstering the infusion pump market size are



  • 3M

  • BRAUN MELSUNGEN AG

  • Baxter

  • Becton, Dickinson and Company

  • Fresenius Kabi AG

  • ICU Medical, Inc

  • Smiths Medical

  • Terumo Medical Corporation


Recent Developments


February 2022


ICU Medical Inc. has acquired Smiths Medical from Smiths Group plc., thereby forming a new part of infusion. ICU Medical has been constantly acquiring companies in order to enhance its presence in the infusion pump market. The combined infusion pumps line offered by both ICU Medical and Smiths Medical will cement their presence in the worldwide market.


Infusion Pump Market Report Overview


By Type



  • Volumetric Pump

  • Syringe Pump


By Application



  • Chemotherapy

  • Diabetes

  • Gastrointestinal Diseases

  • Pediatric


By End-User



  • Hospitals

  • Ambulatory Surgical Centers

  • Homecare



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 18.30 Billion
  CAGR   8.2% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application and End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   3M, BRAUN MELSUNGEN AG, Baxter, Becton, Dickinson and Company, Fresenius Kabi AG, ICU Medical, Inc, Smiths Medical, Terumo Medical Corporation
  Key Market Opportunities   Growing Geriatric Population Presents Significant Growth
  Key Market Drivers

  • Increased Use Of Infusion Pumps For Drug Delivery
  • Rising Prevalence Of Fatal Diseases


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    Infusion Pump Market can touch a value of USD 18.30 billion by 2026.

    Infusion Pump Market can exhibit a CAGR of 8,2% from 2020 to 2026.

    The volumetric pump segment has captured the maximum shares of the global infusion pump market under the ‘type’ segment.

    The chemotherapy application has held the major share of the global infusion pump market.

    North America can touch a valuation of USD 3.49 billion by 2023.

    Baxter, Fresenius Kabi AG, Terumo Medical Corporation, Becton, Dickinson and Company, B. BRAUN MELSUNGEN AG, ICU Medical, Inc, 3M, and Smiths Medical are prominent players of the global infusion pump market.