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The Global Infusion Pump market size is estimated to grow by USD 4.99 billion at a CAGR of 6.78% between 2023 and 2028. The growing demand for long-term management and medical treatment of diseases has a positive impact on the market growth. Furthermore, the necessity of ceaseless or periodic organization, exact and controlled measurements, alongside an expansion in the requirement for intravenous treatment has expanded the interest in insulin siphons. The importance of insulin pumps in the treatment of aging-related conditions and diseases and the growing awareness of medication therapies and fluid management for the senior living global population have boosted its market growth. In addition, they are easier to use because they are automated, and they are more likely to adhere to particular medication regimens than manual injections or oral medications, which require patient administration and are used more frequently. The importance of insulin pumps in patient care is demonstrated by all of these factors, which ensure that their market expansion will drive market expansion.
The market is witnessing significant growth due to the increasing prevalence of chronic conditions like cancer and diabetes. These conditions often require precise drug delivery technologies such as insulin pumps and enteral feeding pumps, which are essential for managing patients both in hospitals and homes. Portable infusion pumps are particularly beneficial for the aging population, ensuring they receive necessary medical treatment without prolonged hospital stays.The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market share growth by the insulin pump segment will be significant during the forecast period. Insulin pumps had the largest market share in the global market in 2023. Insulin pumps ensure higher accuracy of insulin delivery in comparison to traditional insulin injections. They can provide continuous basal insulin and also the option of adjustment in case required meals and corrections. This helps regulate blood glucose and lowers the chances of diabetes-related complications.
The insulin pumps segment was valued at USD 3.29 billion in 2018. Insulin pumps also extend a greater degree of convenience and flexibility for diabetes management. They provide the option of flexibility and can be easily carried and used, with even having the option to eat meals and snacks at additional times without requiring additional injections. They also provide a degree of accuracy that is useful in the case of fluctuating insulin needs. Hence, because of factors such as convenience and flexibility, the demand for the insulin pump market is likely to grow during the forecast period.
Among end-users of the global market, the hospitals segment constitutes a major part. They are observing a higher patient population, including those who require intravenous medications, fluids, and nutrition, hence increasing the demand to administer the same. Infusion pumps are an essential component of patient care as they ensure accurate and controllable delivery of medications and fluids to specific rates and volumes, if not there would be a higher risk of medication errors and adverse reactions. They also provide for continuous monitoring and adjustment of infusion parameters supporting patient safety which is of top priority. Hence, higher demand from hospitals will propel the market growth during the forecast period.
North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. in 2023, North America had the largest market share due to its technologically advanced healthcare infrastructure, including hospitals and other medical facilities, which depend on the precise administration of medications and fluids. Additionally, North America has a significant aging population that requires healthcare management and treatment options for age related conditions and diseases such as diabetes, cardiovascular conditions, and cancer, etc. They are vital for the management of these conditions, including insulin delivery, chemotherapy drugs, pain medications, and other therapies. Also, the emphasis on growth in the R&D sector has resulted in the innovation of lightweight sensors, and advanced infusion pumps that possess features such as smart connectivity, integration with electronic health records, and advanced safety mechanisms all of which will drive the demand for the market among healthcare providers in North America.
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Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
B.Braun SE - The company offers infusion pumps such as B.Braun Infusomat Space, which is a versatile infusion pump that can be used for a wide range of applications.
The report also includes detailed analyses of the competitive landscape of the market and information about 20 infusion pump manufacturers, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
However, ensuring patient safety remains paramount, especially with the use of intravenous fluids and syringe pumps. As healthcare spending continues to rise, healthcare providers are investing in advanced medical devices like ambulatory pumps and volumetric pumps to meet the evolving needs of the elderly population and improve home infusion therapy outcomes.
The high demand for advanced infusion pumps is a key trend in the market. The latest generation infusion pumps offer advanced features and technologies, barcode scanning systems, and sensors to improve patient safety, medication accuracy, and user convenience. They permit accurate infusion rates, dose limits, and delivery schedules along with easy, intuitive, and highly customizable user interfaces and touchscreens. Additionally, they even offer dosage calculations based on specific patient features such as weight and body surface area.
Moreover, they might even be combined with electronic medical records (EMRs) or barcode scanning systems that secure medication administration and reduce the chance of errors. Additionally, they also include a vast drug library that has a wide range of medications along with pre-programmed safety limits and infusion parameters that help guarantee higher patient safety. Due to all such factors, demand is expected to surge, which will propel the growth of the market during the market forecasting period.
The stringent regulatory requirements on medical devices is challenging the market growth. Under the medical devices classification, they must comply with medical devices standards as per the respective region. The Food and Drug Administration (FDA) in the US regulates infusion pumps under the Federal Food, Drug, and Cosmetic Act (FD and C Act) and the Code of Federal Regulations (CFR) Title 21. Safety and performance standards must be adhered to including drug delivery accuracy, alarm and safety features, electromagnetic compatibility, mechanical and electrical safety, software validation, and usability. If regulatory requirements are not complied with, it can result in various situations including penalties, product recalls, loss of market authorization, and damage to the manufacturer's reputation. All of these could hinder the global market growth during the market forecast period.
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The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
The infusion pump market is witnessing exponential growth driven by the rising prevalence of chronic conditions such as cancer, cardiovascular diseases, and neurological disorders. With an aging population and increasing healthcare spending, demand for advanced medical devices like large-volume infusion pumps, programmable infusion, electronic peristaltic pumps, elastomeric infusion pumps and ambulatory pumps is escalating. Patients, especially the elderly and those requiring long-term treatment, benefit from innovative drug delivery technologies including enteral feeding pumps, syringe pumps, and implantable pumps. Healthcare facilities, including specialty clinics and ambulatory care settings, are adopting portable and wireless infusion pumps to enhance patient care in both home and clinical environments. However, ensuring accuracy, precision, and cybersecurity remains paramount, alongside navigating complex reimbursement models and healthcare policies.
Moreover, the market is evolving rapidly, catering to various settings including homes healthcare centers, and hospitals. Advanced technologies like large volume infusion pumps and wireless infusion pumps are enhancing treatment methodologies and promoting cost efficiency in managing chronic diseases such as cancer and hypertension. For long-term treatment, implantable pumps and patient-controlled analgesia pumps offer personalized solutions, especially for the elderly population and diabetic patients. Home infusion therapy is becoming increasingly popular, reducing hospital stays and improving clinical outcomes. However, ensuring accuracy and precision in the pressure infusion cuffs market remains critical, especially in emergency medical situations. With advancements in chemicals like antimicrobials and chemotherapy medications, along with effective pain management strategies, the healthcare landscape continues to evolve to meet the needs of the geriatric population and patients in oncology care.
Industry Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
Market growth 2024-2028 |
USD 4.99 billion |
Market structure |
USD Fragmented |
YoY growth 2023-2024(%) |
6.23 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Germany, China, France, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ADOX SA, Arcomed AG, B.Braun SE, Baxter International Inc., Becton Dickinson and Co., Beijing KellyMed Co. Ltd., CODAN ARGUS AG, Digicare Biomedical Technology Inc., Eitan Medical Ltd., Flowonix Medical Inc., Fresenius SE and Co. KGaA, ICU Medical Inc., IRadimed Corp., Medtronic Plc, Nipro Corp., Shenzhen Mindray BioMedical Electronics Co. Ltd, Silverline meditech Pvt. Ltd., Terumo Corp., vTitan Corp. Pvt Ltd., and Zyno Medical |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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