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Infusion Pump Market

Infusion Pump Market is expected to foresee significant growth. APAC to lead the growth!

The infusion pump market is expected to witness a CAGR of around 8% during the forecast period (2021–2027). An infusion pump is a medical device that delivers fluids, such as nutrients and medications, into a patient’s body in controlled amounts. infusion pumps are used in hospitals & clinics, nursing homes, and the home. Furthermore, the global infusion pump market is expected to witness a CAGR of around 8% during the forecast period (2021–2027). This is mainly due to the rising demand for ambulatory infusion pumps in-home care settings, the increasing incidence of chronic diseases, and the rapid growth of the geriatric population. For instance, according to the World Population Ageing Report 2019 by United Nations (UN), In 2019, there were 703 million persons aged 65 years or over in the global population. This number is projected to double to 1.5 billion in 2050.

COVID-19 resulted in a global burden of healthcare infrastructure as the majority of elective healthcare treatments were postponed. However, the infusion pump industry has seen an increase in growth. Infusion pumps and ventilators, which are used in ICUs, CCUs, and emergency departments, were critical during the pandemic. The shift in demand for medical devices has compelled market players to strategize their manufacturing capabilities, concentrate on new product development, and seek out optimal supply chain strategies focused on COVID-19 essentials. On the other hand, while the impact of COVID-19 on the infusion pump market is significant in comparison to other medical device markets, timely development and implementation of contingency plans is critical for business operations, particularly for key imported raw materials.

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Based on type, the market is classified into devices and accessories. Amongst them, in 2020, the devices category dominated the market and is expected to maintain its dominance throughout the forecast period. This is mainly due to the rising incidence of diabetes, chemotherapy, gastroenterology, pain management, etc. Additionally, the market growth is driven by the rising geriatric population, coupled with an unhealthy lifestyle across the globe. According to the world health organization Around, 422 million people worldwide have diabetes, the majority living in low-and middle-income countries, and 1.5 million deaths are directly attributed to diabetes each year. Both the number of cases and the prevalence of diabetes have been steadily increasing over the past few decades.

Based on application, the market is classified into diabetes, oncology, pain management, and others. Amongst them, in 2020, the diabetes category is estimated to witness the highest CAGR for the forecast period. This is mainly due to the rising prevalence of diabetes and the increasing demand for insulin pumps for the management of diabetes in hospitals and home care settings. In addition, the oncology category is expected to hold a significant share in the market owing to the rising number of cancer patients worldwide. For instance, as per WHO, cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020.

Based on end-user, the market is bifurcated into hospitals and clinics, hospitals & clinics, ambulatory surgery centers (ASC), and others. In 2020, the hospitals and clinics category accounted for the majority share in the global market. This can be ascribed to the fact that hospitals and clinics are the first step in disease diagnosis. Additionally, the large number of patients treated at hospitals, and the availability of trained professionals to operate infusion pumps, further expected to drive the market growth.

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For a better understanding of the market adoption of the Infusion Pump industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Italy, Spain, and the Rest of Europe); Asia-Pacific (China, Japan, India, Rest of Asia-Pacific); and the Rest of World. In 2020. North America held the extensive market share owing to the increasing prevalence of chronic diseases such as diabetes, CVDs, in the younger population coupled with the rising geriatric population in the region. According to the US Census Bureau analysis, the elderly population is expected to nearly double in the next 25 years. In addition, according to World Population Ageing, in 2019, the elderly population of North America was 59.9 million which is expected to reach 96.2 million by 2050.

Some of the major players operating in the market include Becton, Dickinson and Company, Baxter International (US), B. Braun, ICU Medical, Fresenius Kabi, Smiths Medical, Medtronic PLC, Avanos Medical, Inc., Nipro Corporation, Terumo Corporation.

Infusion Pump Market Segmentation

Market Insight, by Type

  • Devices
    • Volumetric Infusion Pumps
    • Insulin Pumps
    • Enteral Infusion Pumps
    • Syringe Infusion Pumps
    • Others
  • Accessories

Market Insight, by Application

  • Diabetes
  • Oncology
  • Pain Management
  • Others

Market Insight, by End-User

  • Hospitals & Clinics
  • Ambulatory Surgery Centers (ASC)
  • Others

Market Insight, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • Becton, Dickinson and Company
  • Baxter International
  • B. Braun
  • ICU Medical
  • Fresenius Kabi
  • Smiths Medical
  • Medtronic PLC
  • Avanos Medical, Inc.
  • Nipro Corporation
  • Terumo Corporation

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