Intravenous Infusion Pump Market was worth $ 4.8 million US dollars. AMR Group projects that the market will reach US$ 8.9 billion by 2031, growing at a CAGR of 8.3 percent between 2022 and 2031.
Infusion pumps can be used to manage a variety of illnesses, including cancer and diabetes, in home care settings, including ambulatory chemotherapy pumps, implantable pumps, and insulin pumps. Ambulatory infusion pumps are also made to be worn or portable. Additionally, infusion pumps are used to precisely and safely administer fluids such as nutrition, medications, and antibiotics to patients. They are frequently utilised in long-term care institutions, ambulatory surgery centres, homes, infusion clinics, and hospitals. Due to the high frequency of chronic diseases and rising healthcare costs, particularly those associated with hospitalisation, the demand for home healthcare has greatly expanded over the past few years.
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Market Segmentation
Based upon the Types of pumps used in the Intravenous Infusion Pump market is segmented in Volumetric Infusion Pumps, Insulin Infusion Pumps, Syringe Infusion Pumps, Enteral Infusion Pumps, Ambulatory Infusion Pumps, Patient Controlled Analgesia (PCA) and Implantable Infusion Pumps. The Volumetric infusion pumps dominated the Intravenous Infusion Pumps market in 2022 with a market share of 16.7% of the total segments. Volumetric infusion pumps held the largest market share in 2022 as these pumps are having the capacity of delivering continuous and very specific amounts of fluids at very slow to very fast rates. Based on the application, the Intravenous Infusion Pump market is segmented into Chemotherapy, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology and Hematology. In the application segment the most dominant market is pediatrics /neonatology which covered the largest Intravenous Infusion Pumps market share of 26.5% in 2022. This segment is driven by the treatment for pediatrics with advanced technology and with the rising number of births worldwide, the demand for effective pediatric care has also grew.
End user segment of Intravenous Infusion Pump market is further bifurcated into Hospitals & Clinics and Home Healthcare. The hospitals & clinics segment held major share of the global market in 2021. Demand for medical equipment, including Intravenous Infusion Pumps, due to availability of smart and advanced intravenous infusion pumps in hospitals along with rise in prevalence of chronic diseases and increased healthcare expenditure.
By Type
- Volumetric Infusion Pumps
- Insulin Infusion Pumps
- Syringe Infusion Pumps
- Enteral Infusion Pumps
- Ambulatory Infusion Pumps
- Patient Controlled Analgesia (PCA)
- Implantable Infusion Pumps
By Application
- Chemotherapy
- Diabetes
- Gastroenterology
- Analgesia/Pain Management
- Pediatrics/Neonatology
- Hematology
By End User
- Hospitals & Clinics
- Home Healthcare
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