The rising demand for ambulatory infusion pumps in home care settings, increasing incidence of chronic diseases along with the rapid growth of the geriatric population, and growing number of surgical procedures performed are the major factors driving the growth of this market.
The global Infusion Pump
Market is projected to reach USD 18.9 billion by
2025 from USD 13.5 billion in 2020, at a CAGR of 7.0% during the forecast
period.
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Based on products, the infusion pumps market is segmented into
accessories & consumables and devices. The accessories & consumables
segment is expected to grow at the highest CAGR during the forecast period.
This growth can be attributed to its recurrent use and the increasing adoption
of infusion pumps for the delivery of medications in a controlled environment.
Based
on product, the infusion pumps market is segmented into dedicated accessories
& consumables and non-dedicated accessories & consumables. The
dedicated accessories & consumables segment is expected to grow at the
highest CAGR during the forecast period.
Based on type, the infusion pump devices market has been
segmented into traditional infusion pumps and specialty infusion pumps market.
The specialty infusion pumps segment is expected to grow at the highest CAGR
during the forecast period.
Based on application, the infusion pumps market is segmented
into chemotherapy/oncology, diabetes, gastroenterology, analgesia/pain
management, pediatrics/neonatology, hematology, and other applications
(includes infectious diseases, autoimmune diseases, and diseases of the heart,
kidney, lung, and liver). The diabetes segment is expected to grow at the
highest CAGR during the forecast period.
On the basis of end user, the infusion pumps market has been
segmented into hospitals, home care settings, ambulatory care settings, and
academic and research institutes. The home care settings segment is estimated
to grow at the highest CAGR during the forecast period.
North America accounted for the largest share of the infusion
pumps market in 2019, followed by Europe.
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The prominent players in this market are Becton, Dickinson and
Company (US), B. Braun Melsungen AG (Germany), Baxter International Inc. (US),
Fresenius Kabi (Germany), ICU Medical, Inc. (US), Medtronic plc (Ireland), Micrel
Medical Devices SA (Greece), and Ypsomed Holding AG (Switzerland), among other
key players.
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