Global Infusion Pump Market Set For Moderate Growth, To Reach Value around USD 20.48 Billion by 2032

Zion Market Research has published a new report titled “Infusion Pump Market by Product (Implantable Infusion Pumps, Infusion Disposable Sets, Ambulatory Infusion Pumps, Volumetric Pumps, Syringe Pumps and Other Pumps); Application (Chemotherapy/Oncology, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Hematology and Other Applications); by End User (Hospitals, Home Care Settings, Ambulatory Care Settings and Other End Users) and by Region”. According to the report, global Infusion Pump Market, estimating its value at USD 10.94 Billion in 2023, with projections indicating that it will reach USD 20.48 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 7.21% over the forecast period 2024-2032

Browse the full “Infusion Pump Market by Product (Implantable Infusion Pumps, Infusion Disposable Sets, Ambulatory Infusion Pumps, Volumetric Pumps, Syringe Pumps and Other Pumps); Application (Chemotherapy/Oncology, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Hematology and Other Applications); by End User (Hospitals, Home Care Settings, Ambulatory Care Settings and Other End Users) and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032?.” Report at https://www.zionmarketresearch.com/report/infusion-pump-market

The infusion pump is a device that infuses medication, fluids, and nutrients into the patient’s body in a precise amount in a controlled manner via arterial, intravenous, and subcutaneous routes. Infusion pump comes in two type one for portable purpose and another for the stationary purpose. Stationary infusion pumps are used for the patients in the hospital. It is commonly used for medication of insulin, pain relievers, fluids, and chemotherapy drugs.

Increasing prevalence of chronic disorders and rapid technology advancements coupled with rising awareness about health in the healthcare sector is anticipated to fuel the market growth. Infusion pumps supply an accurate amount of medication; the safety features offered by infusion pump and availability in the various shapes & sizes is expected to boost the growth of the market. Rising occurrences of diabetes give rise to the demand for insulin and insulin infusion pumps, investments in diabetes care and management which positively influences the market. Growing R&D initiatives and investments on intravenous drug administration for cancers, neurological problems, gastrointestinal disorders, AIDS, type-1 diabetes, and malnutrition are expected to generate lucrative growth opportunities.

Based on product, global infusion pump market is segmented into implantable infusion pumps, infusion disposable sets, ambulatory infusion pumps, volumetric pumps, syringe pumps and other pumps. Market was dominated by infusion disposable sets in 2018 and will retain its dominance over the forecast period. On the other hand infusion disposable sets segment is projected register fastest growth rate during the forecast period.

Based on application, market is segmented into chemotherapy/oncology, diabetes, gastroenterology, analgesia/pain management, pediatrics/neonatology, hematology and other applications. In 2018, chemotherapy/oncology segment held largest revenue share. On the other hand diabetes application segment is projected register fastest growth rate during the forecast period.

The end user segment of the infusion pump market is categorized into hospitals, home care settings, ambulatory care settings and other end users. Hospital was the largest end user segment in 2018 due to large patient pool, availability of skilled staff and advanced infrastructure. Ambulatory care settings end user segment will witness rapid growth in the coming years.

North America held largest revenue share of the global infusion pump market in 2018. This large share is attributed to strong presence of key market players in this region as well as increasing chronic disease burden, increasing health awareness and favorable reimbursement policies. Europe was second leading regional market. Presence of developed infrastructure and high adoption of technologically advanced products are factors attributing to the market growth in this region. Asia Pacific region is estimated to be rapidly growing regional market for infusion pump due to increasing aging population, increasing chronic disease burden and increasing health awareness among people in emerging markets like China and India. Moderate growth is forecasted in Latin America and Middle East and Africa region over the forecast period.

Major players in infusion pump market are Terumo Corporation, CareFusion Corporation, Medtronic Plc., Becton, Dickinson and Company, Braun Melsungen AG., and MOOG Inc. Other influencing players include Smiths Medical, Pfizer (Hospira) Inc., Fresenius Kabi AG, Johnson & Johnson Private Ltd., and Baxter International Inc. among others.

The report segments of global infusion pump market are as follows:

Global Infusion Pump Market: Product

• Implantable Infusion Pumps
• Infusion Disposable Sets
• Ambulatory Infusion Pumps
• Volumetric Pumps
• Syringe Pumps
• Other Pumps

Global Infusion Pump Market: By Application

• Chemotherapy/Oncology
• Diabetes
• Gastroenterology
• Analgesia/Pain Management
• Pediatrics/Neonatology
• Hematology
• Other Applications

Global Infusion Pump Market: By End User

• Hospitals
• Home Care Settings
• Ambulatory Care Settings
• Other End Users

Global Infusion Pump Market: By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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