Infusion Pump Market 2022 | Development, Growth, Share and Size

 The global infusion pump market size is predicted to reach USD 16.09 billion by 2026, exhibiting a CAGR of 7.1% during the forecast period. The increasing prevalence of chronic diseases will spur demand for infusion pumps in the forthcoming years. Moreover, the growing advancements in drug delivery systems will boost the infusion pumps market trends during the forecast period. The increasing adoption of advanced treatment techniques will have a positive impact on the infusion pump market growth in the foreseeable future.

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Key Players Operating in The Infusion Pump Market Include:

  • Medtronic
  • BD
  • Baxter
  • Insulet Corporation
  • icumedical
  • Braun Melsungen AG
  • Smiths Medical (Smiths Group plc.)
  • Fresenius Kabi AG
  • Terumo Corporation

As per the published report by Fortune Business Insights, titled “Infusion Pump Market Size, Share & Industry Analysis, By Type (Volumetric Pumps, Syringe Pumps, Enteral Pumps, Insulin Pumps, Elastomeric Pumps, Implantable Pumps, and PCA Pumps), By Application (Diabetes, Oncology, Pain Management, and Others), By End User (Hospitals & Clinics, Ambulatory Care Settings, Home Care Settings, and Others), and Regional Forecast, 2019-2026” the market size stood at USD 9.28 billion in 2018. The global infusion pumps market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about market status, competition pattern, enterprise, advantages and disadvantages of enterprise products, industry development trends, regional industrial layout characteristics and macroeconomic policies, industrial policy has also been studied and provided within the synopsis

Growing Cases of Cancer and Diabetes to Aid Market Expansion

The increasing incidence of cancer among patients will spur opportunities for the infusion pumps market during the forecast period. According to the World Health Organization (WHO), in 2018, cancer was estimated to be the second most prominent cause of death globally and is responsible for about 9.6 million deaths. Cancer patients require chemotherapy which is to be delivered to the patients in a continuous manner which can be achieved by using the infusion pumps. Moreover, the knowledge about the advantages of infusion pumps such as the ability to administer fluids in small dosage and at accurate programmed rates will promote the infusion pumps market revenue.

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Favorable Reimbursement Policies to Boost Growth in North America

The market in North America stood at USD 3.41 billion in 2018. The growth in region is attributed to higher diagnosis and treatment rates for diabetes coupled with high adoption of ambulatory infusion pumps. Moreover, favorable reimbursement policies will aid growth in the region. Europe is predicted to witness steady growth during the forecast period owing to the prevalence of chronic diseases in the region. Asia Pacific is predicted to grow significantly during the forecast period owing to the growing healthcare infrastructure, growing GDP, increasing per capita disposable income. The increasing awareness about the available advanced therapies will further influence growth in the region. The market in Latin America and the Middle East & Africa is at nascent stage. Nonetheless, focus of leading players towards market presence will augment growth in the regions.

Key Takeaways

  • Geographically, North America Infusion Pump Market accounted for the highest revenue share in 2021 and it is poised to dominate over the period 2022-2028 owing to the growing demand
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Infusion Pump Market report.
  • The key players in the market are collaborating with other players to carry out various research and development activities for launching advanced products for monitoring various activities. However, the high cost of Infusion Pump Market is one of the major factors that is estimated to reduce the growth of the Infusion Pump Market .

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