Infusion Pump Market Evaluated at US$ 15.89 Billion by 2023 - Rapid Increasing Demand for Insulin and Ambulatory Pumps

Report analyzes various types of infusion pumps in market & their adoption patterns. It aims at estimating size & future growth potential of infusion pumps market for different segments such as product, application, end user, and region. Report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and market strategies.

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The infusion pumps market is expected to reach USD 15.89 billion by 2023 from USD 11.90 billion in 2018, at a CAGR of 6.0%. The overall growth of the infusion pumps market is largely driven by the increasing incidence of chronic diseases along with the rapid growth in the geriatric population, rising demand for ambulatory infusion pumps, and the growing volume of surgical procedures performed.

The global infusion pumps & accessories market is segmented based on product, application, end user, and region. Based on the product, the market is bifurcated into devices & pumps and accessories & consumables. Accessories & disposables segment accounted for the largest market share in 2018, and is expected to continue this trend throughout the forecast period. On the other hand, devices & pumps segment is anticipated to grow at the highest CAGR during the forecast period.

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Geographically, infusion pumps market segmented into North America, Europe, Asia Pacific, Latin America, & Middle East & Africa. In 2017, North America commanded a major share of the infusion pumps market. However, Asia Pacific is expected to witness highest growth during forecast period. Significant growth of Asia Pacific market mainly attributed to increasing prevalence of chronic diseases

The players competing in infusion pumps market are Becton, Dickinson and Company (US), Baxter (US), ICU Medical (US), B. Braun (Germany), Fresenius Kabi (Germany), Medtronic (Ireland), Smiths Medical (US), Terumo Corporation (Japan), Moog (US), Roche Diagnostics (Switzerland), Halyard Health (US), Mindray Medical (China), Micrel Medical Devices SA (Greece), and Insulet Corporation (US).

Geographically, infusion pumps market is segmented into North America, Europe, Asia Pacific, Latin America, & Middle East & Africa. In 2017, North America commanded a major share of the infusion pumps market. Asia Pacific is expected to witness the highest growth during the forecast period.

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Infusion pumps market are one of the most widely medical devices used for faster drug administration in patients to give them quick relief. However, dosage errors, which can be user-initiated or due to the failure of infusion pump parts, remain the highest errors noted in infusion pump management. To avoid dosage errors some advanced infusions have been designed by various manufacturers.

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