Infusion Pumps are medical devices that aid in the delivery of fluids, medications, or nutrients to patients in controlled amounts. The prime advantage that infusion pump provides over manual administration of fluids is that the rate and duration of fluid delivery can be controlled in case of infusion pump through a built-in software interface.
Infusion pumps are largely used in the delivery of insulin, antibiotics, pain relievers, and are widely used in a clinical setting such as hospitals and nursing homes. With the spread of chronic diseases such as diabetes at an alarming rate, there is greater demand for infusion pump within the market. Expanding investment in diabetes care management is favoring the growth of the global infusion pump market.
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Global Infusion Pump Market – Dominant Players
Some of the key players in this market are:
- B. BRAUN MELSUNGEN AG
- Becton, Dickinson and Company
- Fresenius Kabi AG
- ICU Medical, Inc
- Smith’s Medical
- Terumo Medical Corporation
Global Infusion Pump Market – Regional Analysis
By region, the Global Infusion Pump Market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa.
North America accounts for the largest share of almost 41% of the global market, led by the US and Canada. Growing aging population along with the prevalence of chronic diseases in the region is favoring the growth of the market. Besides, improvement in healthcare sector is also a factor driving market growth.
Europe follows the Americas closely which is spurred by the growing burden of chronic diseases such as diabetes and cancer in the region. Germany, France, and the UK are the key contributors to the Europe market who collectively account for almost 70% share of the market.
APAC is the fastest growing market for infusion pumps. The rapid development of the healthcare sector and expanding patient base can be credited for the growth of the market.
Global Infusion Pump Market – Segments
The Global Infusion Pump Market, in MRFR’s report, has been segmented on the basis of type, application, end user, and region. By type, the market is segmented into syringe pump, ambulatory pump, and volumetric pump. The volumetric pump segment accounts for more than one-third of the total market and is the largest segment among type.
By application, the market is segmented into diabetes, gastrointestinal disorders, pediatrics, chemotherapy, and other applications. By end-user, the market is segmented into ambulatory surgical centers, hospitals and, homecare.
Global division of the market has been done by region and includes North America, Europe, Asia Pacific, and Middle East & Africa.
Global Infusion Pump Market – Key Finding
- The Infusion Pump Market and is expected to reach $9.71 billion by 2023.
- Volumetric holds the largest share of 37.1% of the market.
- North America holds the largest market share of Infusion pump market and is anticipated to reach $3.49 billion by the end of forecast period.
- Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 5.4% during the forecast period.
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