Global Infusion Pump Market - Global Forecast to 2027

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Global Infusion Pump Market - Global Forecast to 2027

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Global Infusion Pump Market - Global Forecast to 2027

 Category : Medical Devices

 Published: Oct-2021
 Author: SPER Analyst
Infusion Pumps Market is projected to be worth around ~ $22.06 billion by 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. 

The global infectious disease diagnostics market study provides market data for-by Accessories and consumables (dedicated, non-dedicated), by devices (by product- volumetric, insulin, enteral syringe, ambulatory, PCA, Implantable; By technology- traditional, specialty; by type- stationary, portable), by application (Chemotherapy/Oncology, Diabetes Management, Gastroenterology, Pain Management/ Analgesia, Pediatrics/Neonatology, Hematology, Other Applications), by setting (hospitals, home care setting, ambulatory care setting, academic and research institutes). The study also evaluates industry competitors and analyses the market at a regional and country level.

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By accessories and consumables, insulin infusion pumps segment is expected 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.

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. 

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

Hospital segment accounted for largest share of infusion pump market, by end user 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. However, Home care setting is expected to grow at highest CAGR during forecast period due to government initiatives to reduce healthcare costs. 

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This research report analyses major geographies and provides a comprehensive analysis of North America (US, Canada), Europe (Germany, France, UK, Italy, Spain and Rest of Europe), Asia-Pacific (China, India, Japan, and RoAPAC), Rest of the world (Latin America, and Middle East & Africa). North America accounted for the largest regional market share of infusion pumps market in 2020. The large share is mainly attributed to high adoption, prevalence of chronic diseases, growing geriatric population and highly developed healthcare infrastructure. However, Asia-pacific is the fastest growing regional market due to increasing burden of cancer and diabetes in Asian countries, rising adoption of infusion pumps and increasing number of surgeries performed in these countries. 

The major players operating in the global infusion pumps market are 
  • 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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