Intravenous Infusion Pumps Market Size, Share & Trends Analysis Report By Product (Volumetric, Insulin, Syringe, Enteral, Ambulatory, Implantable Pumps), By Disease Indication, By Region, And Segment Forecasts, 2022 - 2030

Intravenous Infusion Pumps Market Growth & Trends

The global intravenous infusion pumps market size is expected to reach USD 9.9 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 8.2% during the forecast period. The introduction and development of Specialty and Smart pumps are imparting crucial growth to the overall infusion pump market. Smart infusion pumps are considered an advancement that will give a boost to the market as it constitutes Error Reduction Software and Customized Drug Libraries.

According to a study conducted by Mindray Medical Company in 2018, infusion pumps are the most conventional hospital rental equipment. The rise in the incidence of cardiovascular diseases and cancer has led to an increase in the demand for intravenous infusion pump devices. These pumps ensure regulated, controlled, and error-free delivery of medications and nutrients while treating patients via chemotherapy or radiation therapy, as these are very complex processes and require a very precise dosage of medication.

The amalgamation of factors like the shift in technology, automation, and standardized dosing for intravenous pump devices are anticipated to make therapy more convenient and user-friendly for patients. The i-market has witnessed growth in demand in 2020 due to the COVID-19 pandemic. As infusion pumps are the most common medical devices used in health emergencies and as the pandemic burdened the healthcare facilities due to increased use and demand of medical devices, the demand for infusion pumps also witnessed a surge.

In May 2020, the FDA also issued an umbrella Emergency Use Authorization for infusion pumps and infusion pump accessories for use by healthcare providers to cater to the increased demand for infusion pumps.

Intravenous Infusion Pumps Market Report Highlights

• Volumetric infusion pumps emerged as the largest product segment in 2021 owing to the increasing use of delivery fluids such as nutrients and medications in case of emergencies and treatments like chemotherapy
• The insulin infusion pumps segment is projected to register the highest CAGR during the forecast period as the burden of diabetes is increasing globally
• The pediatrics/ neonatology segment dominated the market in 2021 in terms of disease indication as there have been growing incidences of premature birth and hence require optimum care and nutrition
• The Asia Pacific market is projected to witness the fastest growth during the forecast period owing to the increasing number of geriatric and diabetic patients in the region