Intravenous Infusion Pumps Market Size, Share, Growth Report 2032

Intravenous Infusion Pumps Market Insights

According to a report from Zion Market Research, the global Intravenous Infusion Pumps Market was valued at USD 5.52 Billion in 2023 and is projected to hit USD 8.56 Billion by 2032, with a compound annual growth rate (CAGR) of 5% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Intravenous Infusion Pumps Market industry over the next decade.

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Intravenous Infusion Pumps Market: Overview

Intravenous medications play a major role in effectively managing hospitalized patients. Moreover, inpatients receive intravenous medicines more frequently and are delivered through infusion pumps. Nevertheless, though intravenous drugs provide a slew of benefits, few errors incur during administering these drugs in patients and this can also prove fatal for subjects. Furthermore, for reducing these errors smart intravenous infusion pumps have been embedded with software for providing point of care decision support services.

Additionally, this software comprises of medicine library profiles of patients and also provides information about proportion of drug doses to be administered in patients through these pumps. All these aspects will steer the growth of the intravenous infusion pumps market in upcoming years. Apparently, escalating requirement of bringing innovations in intravenous infusion pumps will produce new growth avenues for the intravenous infusion pumps industry in upcoming years. Smart intravenous infusion pumps are used by physicians for safe administration of medicines in patients. The product helps in delivery of precise drug doses automatically to patients at times set for providing those doses.

Intravenous Infusion Pumps Market: Growth Drivers

Surge in occurrence of chronic ailments such as cancer, heart disorders, and diabetes will prompt growth of intravenous infusion pumps market. Furthermore, spread of COVID-19 pandemic has resulted in massive demand for intravenous infusion pumps, particularly for patients in ICUs. In addition to this, these products helps in delivering spectrum of medicines such as anesthetic agents, antithrombotic, neuromuscular blocking agents, opioids, vasopressors, anesthetic agents, and antiarrhythmic agents. All these aforementioned factors will drive growth of intravenous infusion pumps industry over forecast timeline. Rise in aging population susceptible to chronic disorders and low product costs will drive penetration of intravenous infusion pumps in healthcare activities, thereby driving market trends.

Furthermore, a prominent increase in proportion of persons underdoing medical surgeries for cancer and other chronic disorders will proliferate size of intravenous infusion pumps market in years ahead. High product costs can prove to be hurdle in growth of the intravenous infusion pumps market in foreseeable future.

Regional Landscape

North America To Make Lucrative Contributions Towards Overall Market Size By 2032

The growth of the intravenous infusion pumps market in North America over forecast timeline is owing to surge in chronic ailments and rise in aging population in countries such as Canada and the U.S. Apart from this, acceptance of technologically advanced items for treating chronic diseases & other disease conditions of population will drive regional market trends. Presence of reputed players in countries such as the U.S. will embellish the expansion of the intravenous infusion pumps market in North America over assessment period.

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Intravenous Infusion Pumps Market: Report Scope

Competitive Landscape

Key players profiled in study and influencing market growth are:

• ICU Medical, Inc.
• B. Braun Melsungen AG
• Terumo Corporation
• Moog Inc.
• IRadimed Corporation
• Baxter International Inc,
• Becton
• Dickinson and Company
• Mindray
• Smiths Medical
• Zyno Medical.

The global Intravenous Infusion Pumps Market is segmented as follows:

By Product

• Volumetric Pumps
• Syringe Pumps
• Patient –Controlled Analgesia Pumps

By End-User

• Hospitals & Clinics
• Home Healthcare

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