Infusion Pumps & Accessories Market by Type (Devices & Pumps and Accessories & Disposables), Application (Diabetes, Gastroenterology, Analgesia & Pain Management, Chemotherapy, Pediatrics & Neonatology, and Others), and End User (Hospitals, Home Care, Ambulatory Surgical Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021––2030
The infusion pumps & accessories market was valued at $8138.49 million in 2020, and is estimated to reach $13,264.18 million by 2030, growing at a CAGR of 5.0% from 2021 to 2030.
Infusion pumps are medical devices, which are used to deliver fluids, nutrients, or medications, such as insulin and other hormones, chemotherapy drugs, antibiotics, and pain relievers into a patient’s body at preset intervals in accurate dosages. The infused fluids and medications play vital role in therapeutics or medical treatments, and are widely used in healthcare settings such as patient, outpatient, private clinics, and at-home settings.
Increase in prevalence of chronic diseases, such as cancer and diabetes and rise in healthcare expenditure are major factors that contribute in the growth of the infusion pumps & accessories market. Moreover, other factors that fuel the market growth include, increase in adoption of infusion pumps products and rise in geriatric population. In addition, many companies are increasing their market presence by expanding their business across new markets. For instance, in March 2021, JMS CO. Ltd. launched a new syringe pump designed for eternal nutrition applications. These aforementioned factors drive the growth of the infusion pumps & accessories market.
Furthermore, increase in awareness towards home healthcare, surge in production of infusion pumps, and increase in awareness among people about the use of infusion pumps are factors that boost the market growth. According to International Diabetes Federation in 2019, approximately 463 million people lived with diabetes. Thus, rise in number of diabetes patients and advancements in infusion pumps product development are expected to drive the growth of the market.
Conversely, technological advancement and companies efforts to launch new product pipeline in emerging economies are expected to offer lucrative growth opportunities in the infusion pumps & accessories market. Whereas, stringent government regulations for the approval of infusion pump devices and risks associated with infusion therapies are anticipated to hinder the market growth. People, nowadays, are more health conscious, which in turn, compels them to maintain their health condition and thus, increase the demand for home healthcare products. This encourages many key players to enter emerging markets and offers a lucrative growth opportunity in the infusion pumps & accessories market.
The infusion pumps & accessories market is segmented on the basis of type, application, end user, and region. By type, the market is categorized into devices & pumps and accessories & disposables. Furthermore, the devices & pumps segment is divided into syringe infusion pumps, insulin infusion pumps, volumetric infusion pumps, ambulatory infusion pumps, patient controlled analgesia pumps, implantable infusion pumps, and enteral infusion pumps. The accessories & disposables segment is divided into infusion catheters, valves, IV sets, cannulas, tubing, needles, and other disposables.
By application, it is fragmented into diabetes, gastroenterology, analgesia & pain management, chemotherapy, pediatrics & neonatology, and others.
By End user, it is divided into hospitals, homecare, ambulatory surgical centers, and others.
Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global infusion pumps & accessories market are B. Braun Melsungen AG, Baxter International, Becton Dickinson & Company, Fresenius SE & Co., ICU Medical Inc., Insulet Corporation, Johnson & Johnson, Medtronic Plc, Moog Inc., and Terumo Corporation.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current and emerging market trends and dynamics in the global infusion pumps & accessories market to identify the prevailing opportunities.
This study presents the competitive landscape of the global market to predict the competitive environment across geographies.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Region- & country-wise analysis is provided to understand the market trends and dynamics.
KEY MARKET SEGMENTS
By Product
Devices & Pumps
Syringe Infusion Pumps
Insulin Infusion Pumps
Volumetric Infusion Pumps
Ambulatory Infusion Pumps
Patient Controlled Analgesia Pumps
Implantable Infusion Pumps
Enteral Infusion Pumps
Accessories & Disposables
Infusion Catheters
Valves
IV sets
Cannulas
Tubing
Needles
Other Disposables
By Application
Diabetes
Gastroenterology
Analgesia & Pain Management
Chemotherapy
Pediatrics & Neonatology
Other Applications
By End User
Hospitals
Home Care
Ambulatory Surgical Centers
Other End Users
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
B. Braun Melsungen AG
Baxter International Inc.
Becton Dickinson & Company
Fresenius SE & Co
ICU Medical Inc.
Insulet Corporation
Johnson & Johnson
Medtronic Plc
Moog Inc.
Terumo Corporation
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