The infusion pump market is predicted to be worth USD 17.7 billion in 2021, growing at a CAGR of 11.62% between 2021 and 2031. Rising healthcare industry demand, as well as an increase in the global prevalence of chronic diseases such as cancer, diabetes, and gastroenterological disorders, are driving market expansion. Furthermore, the availability of stringent rules for innovative goods, medication errors associated with infusion pumps, and the increasing use of refurbished and rented infusion pumps are expected to stymie market growth.
Syringe pumps, volumetric pumps, patient-controlled analgesia pumps, insulin pumps, enteral pumps, ambulatory pumps, implantable pumps, and pump accessories make up the market. Because of the increased number of diabetes patients, the insulin pumps sector retained the largest market share in 2021.
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Market Segmentation:
By Product Type:
Volumetric Infusion Pumps
Syringe Infusion Pumps
Insulin Infusion Pumps
Enteral Infusion Pumps
PCA Infusion Pumps
Ambulatory Infusion Pumps
Implantable Infusion Pumps
Others
By Application:
Chemotherapy/Oncology
Gastroenterology
Pediatrics/Neonatology
Analgesia/Pain Management
Hematology
Diabetes Management
Others
By End-User:
Hospitals
Home Care Settings
Ambulatory Care Settings
Others
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
These segments help to understand the demand and supply of infusion pumps in various market segments. For instance, the volumetric infusion pump segment is expected to dominate the market in the coming years due to its accuracy, reliability, and ease of use. The chemotherapy/oncology application segment is expected to see significant growth due to the increasing prevalence of cancer and the growing demand for targeted drug delivery. The hospital end-user segment is expected to remain the largest market segment due to the high demand for infusion pumps in hospital settings, while the home care settings segment is expected to see significant growth due to the increasing demand for home healthcare services. Region-wise, North America and Europe are expected to remain the largest markets for infusion pumps due to their well-established healthcare infrastructure and high prevalence of chronic diseases. The Asia-Pacific region is expected to see significant growth due to the large and growing population and the increasing demand for healthcare services.
Key Players:
The existence of multiple significant firms, as well as many smaller enterprises and startups, characterises the market’s competitive landscape. B. Braun Melsungen AG, Baxter International Inc., Fresenius Kabi AG, ICU Medical Inc., Medtronic plc, Smiths Medical, Terumo Corporation, and ZOLL Medical Corporation are some of the leading competitors in the infusion pump market. These firms compete on a variety of fronts, including product innovation, pricing, dependability, safety, and brand awareness. They make significant investments in R&D to create new and creative pump systems, as well as marketing and advertising to promote their products and services.
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Regional Analysis:
The global infusion pump market is divided into several regions, including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Each region has its own unique market dynamics and factors that are driving growth. North America is the largest market for infusion pumps, driven by the high prevalence of chronic diseases and the well-established healthcare infrastructure. The United States is the largest market in the region, accounting for the majority of the demand for infusion pumps. Europe is also a significant market for infusion pumps, with countries such as Germany, France, and the United Kingdom driving demand. The market in Europe is driven by factors such as the aging population and the increasing demand for home healthcare services.
The Asia-Pacific region is expected to see significant growth in the coming years, driven by factors such as the large and growing population, the increasing prevalence of chronic diseases, and the growing demand for healthcare services. Countries such as China, India, and Japan are expected to be key markets in the region. Latin America and the Middle East & Africa are also expected to see growth in the infusion pump market, driven by factors such as increasing investment in healthcare infrastructure and the rising demand for home healthcare services. Overall, the global infusion pump market is expected to continue to grow in the coming years, driven by factors such as the increasing prevalence of chronic diseases, the growing demand for home healthcare services, and the development of new and innovative pump systems. However, the market is also expected to face challenges such as the high cost of some pump systems and concerns over safety and reliability.
Key Points:
Define, describe and forecast Infusion Pump product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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