The infusion pumps market is projected to grow at a CAGR of 7.0%. The global infusion pumps 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. The increasing incidence of chronic diseases along with the rapid growth of the geriatric population, rising demand for ambulatory infusion pumps, and the growing volume of surgical procedures performed across the globe are some of the key factors driving the growth of the infusion pumps market.
In 2019, the chemotherapy/oncology segment accounted for the largest share of the market.
On the basis of application, the chemotherapy/oncology segment accounted for the largest share of the infusion pumps market in 2019. The large share of this segment can be attributed to the growing incidence of cancer, increasing availability of ambulatory infusion pumps for chemotherapy, and the introduction of technologically advanced products in the market.
In 2019, the hospitals’ segment accounted for the largest share of the market.
On the basis of end users, the hospitals’ segment accounted for the largest share of the infusion pumps market in 2019. The large share of this segment is attributed to the strong financial capabilities of hospitals for purchasing high-priced infusion devices, the large patient pool treated at hospitals, and the availability of trained professionals to operate infusion pumps.
APAC is projected to witness the highest growth during the forecast period. The APAC market is estimated to register the highest CAGR during the forecast period. Factors such as the rising geriatric population, growing incidence of chronic diseases, increased accessibility to advanced healthcare facilities, rising healthcare spending, rapidly improving health insurance sector, growing demand for advanced technologies, and the expansion of private-sector hospitals to rural areas is fueling the demand for infusion pumps in the APAC region.
The breakdown of primary participants was as mentioned below: • By Company Type: Tier 1–40%, Tier 2–35%, and Tier 3–25% • By Designation: C-level–25%, Director Level–55%, and Others–20% • By Region: North America–40%, Europe–25%, Asia Pacific–20%, Latin America–10%, Middle East & Africa–5%
The leading players in this market include Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), Baxter International Inc. (US), Fresenius Kabi (Germany), ICU Medical, Inc. (US), Medtronic plc (Ireland), Moog Inc. (US), Smiths Medical (US), Terumo Corporation (Japan), NIPRO Corporation (Japan), Avanos Medical, Inc. (US), Tandem Diabetes Care, Inc. (US), JMS Co., Ltd. (Japan), Insulet Corporation (US), Roche Diagnostics (Switzerland), Zyno Medical (US), Teleflex, Inc. (US), Mindray Medical International Limited (China), Micrel Medical Devices SA (Greece), and Ypsomed Holding AG (Switzerland).
Research Coverage: The report analyzes the various infusion pump devices and their adoption patterns.It aims at estimating the market size and future growth potential of the infusion pumps market for different segments such as product, application, end user, and region.
The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, product offerings, and recent developments.
Reasons to Buy the Report The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market.
This report provides insights on the following pointers: • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the infusion pumps market • Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the infusion pumps market • Market Development: Comprehensive information on the lucrative emerging regions by product, application, end user, and region • Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the infusion pumps market • Competitive Assessment: In-depth assessment of market shares, growth strategies, and products of leading players in the infusion pumps market
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