Global Infusion Pumps & Accessories Market - 2023-2030
Global Infusion Pumps and Accessories Market reached US$ YY million in 2022 and is expected to reach US$ YY million by 2030, growing at a CAGR of YY% during the forecast period 2023-2030.
Infusion pumps are an external device that infuses fluids, medication and nutrients into the circulatory system. Generally, it is used for intravenous purposes and occasionally for subcutaneous, arterial and epidural infusions.
Infusion pumps deliver fluids in large as well as small amounts and can deliver nutrients and even medications that include insulin, antibiotics, chemotherapy drugs and pain relievers. There are many different types of infusion pumps, which are used for a variety of purposes and in a variety of environments.
Market Dynamics: Drivers & Restraints
Rising chronic diseases
The increase in the prevalence of chronic diseases increases the demand for infusion pumps. They are used for the intravenous infusion of fluids, nutrients as well as medication for people suffering from severe diseases and who are bedridden. They help in delivering the medication who are unconscious and are unable to intake on their own.
The increasing prevalence of cancer is also expected to increase the demand for infusion pumps. The increasing number of chemotherapy procedures with increasing cancer patients increases the use of infusion pumps. During chemotherapy, infusion pumps are used to deliver a controlled amount of drugs into the bloodstream.
For instance, according to the report by NIH in 2023, it was estimated that approximately 2 million individuals were diagnosed with cancer. This increases the demand for infusion pumps for chemotherapy.
According to the New York State Department of Health, it is estimated that every year about 805,000 Americans have a heart attack and are admitted to hospitals. This increases the need for infusion pumps to deliver the fluids to the patients. Thus, the above factors are expected to drive the market growth.
Restraint
Risk of dosage errors
There are many chances of incorrect dosage infusion to the patient. This can be due to the lack of professional healthcare personnel in operating the systems. This can reduce the demand for infusion pumps due to the patient's trust. The incorrect dosage infusion of medication will alter the health conditions and can cause severe damage to the patient.
Segment Analysisn
The global infusion pumps & accessories market is segmented based on strip type, diabetes type, end-user and region.
Syringe infusion pump segment accounted for 45.3% of the market share
Syringe infusion pump segment holds the dominant position in the market share. This is due to the increasing technological advancements, increasing demand for the latest infusion systems and the increased launches of the devices with advanced features.
For instance, in February 2023, Mindray launched its BeneFusion i Series and u Series infusion systems. The latest generation of smart pumps, with its sophisticated capabilities to prevent medication mistakes, expedite workflow, and improve cost-effectiveness, has seen increased promise in endoscopy, obstetrics, cancer, emergency rooms and other setting.
Additionally, in August 2023, ICU Medical Inc. received regulatory clearance from the U.S. Food and Drug Administration (FDA) for the Plum Duo infusion pump with LifeShield infusion safety software. It is developed with unique cassette technology. Thus, the above factors are expected to drive the segment growth during the forecast period.
Geographical Analysis
North America is expected to hold a significant position in the global infusion pumps & accessories market share
North America holds a dominant position in the market share and is expected to continue in the forecast period due to the increasing technological advancements and rising number of chronic diseases and also the presence of strong major players in the region.
In February 2021, Mindray unveiled its new BeneFusion e Series, a revolutionary efficient infusion system for the healthcare industry. The device is available in three models, eSP, eVP and eDS, the BeneFusion e Series delivers efficiency in workflow, safety, application and informatics.
Additionally, in July 2023, BD (Becton, Dickinson and Company) received clearance from the U.S. Food and Drug Administration (FDA) for an updated BD Alaris Infusion System that enables both remediation and a return to full commercial operations for the most comprehensive infusion system available in the United States.
COVID-19 Impact Analysis
COVID-19 had a positive impact on the market growth. This is due to the increased usage of infusion pumps in hospitals as well as in clinics and at home to deliver medication as well as to individuals who are unable to consume fluids on their own. Thus, the rise in the usage of infusion pumps during the COVID-19 pandemic has increased the production of infusion pumps and accessories.
Market Segmentation
By Type
• Syringe Infusion Pump
• IV Pump
• Volumetric Infusion Pump
• Feeding Infusion Pump
• Implantable Pump
• Others
By Mode
• Portable Infusion Pumps
• Stationary Infusion Pumps
By Application
• Diabetes Management
• Gastroenterology
• Pain Management
• Pediatrics
• Hematology
• Other
By End-User
• Hospitals
• Ambulatory Surgical Centers
• Homecare
• Specialty Clinics
• Others
By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa
Competitive Landscape
The leading companies with a significant market share B. Braun Medical Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Terumo Europe NV, Becton and Dickinson Company, Zenroxmed Healthcare, Shenzhen Hawk Medical Instrument Co., Ltd (Hawkmed), Baxter, ICU Medical Inc., Micrel Medical Devices SA, and QuadMed, Inc among others.
Why Purchase the Report?
• To visualize the global infusion pumps & accessories market segmentation based on type, mode, application, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of infusion pumps & accessories market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global infusion pumps & accessories market report would provide approximately 61 tables, 59 figures, and 180 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Mode
- 3.3. Snippet by Application
- 3.4. Snippet by End-User
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Rising chronic diseases
- 4.1.1.2. YY
- 4.1.2. Restraints
- 4.1.2.1. Risk of dosage errors
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Epidemiology Statistics
- 5.4. Pricing Analysis
- 5.5. Regulatory Analysis
- 5.6. Russia-Ukraine War Impact Analysis
- 5.7. DMI Opinion
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Syringe Infusion Pump
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. IV Pump
- 7.4. Volumetric Infusion Pump
- 7.5. Feeding Infusion Pump
- 7.6. Implantable Pump
- 7.7. Others
- 8. By Mode
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode
- 8.1.2. Market Attractiveness Index, By Mode
- 8.2. Portable Infusion Pumps
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Stationary Infusion Pumps
- 9. By Application
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
- 9.2. Diabetes Management
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Gastroenterology
- 9.4. Pain Management
- 9.5. Pediatrics
- 9.6. Hematology
- 9.7. Other
- 10. By End-User
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
- 10.2. Hospitals
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Ambulatory Surgical Centers
- 10.4. Homecare
- 10.5. Specialty Clinics
- 10.6. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Mode
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. B. Braun Medical Inc. *
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- 13.3. Terumo Europe NV
- 13.4. Becton and Dickinson
- 13.5. Zenroxmed Healthcare
- 13.6. Shenzhen Hawk Medical Instrument Co., Ltd (Hawkmed)
- 13.7. Baxter
- 13.8. ICU Medical Inc.
- 13.9. Micrel Medical Devices SA
- 13.10. QuadMed, Inc
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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