Infusion Pumps Market | Ongoing Trends and Recent Developments | Major Key Players like Baxter (US), ICU Medical (US), B. Braun (Germany), Fresenius Kabi (Germany), Medtronic (Ireland)

The factors Driving the Infusion Pump Market are 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 are driving the market. In addition, untapped, emerging markets such as India and China and the growing adoption of specialty infusion pumps are offering significant growth opportunities for players operating in the market.

What the Infusion Pumps Market looks like?

The global Infusion Pump Market is projected to reach a value of USD 16.8 billion by 2027 from USD 12.6 billion in 2019, at a CAGR of 6.0% during the forecast period.

On the basis of products, the accessories/consumables segment accounted for the largest share of the infusion pumps market in 2018. This can be attributed to the recurrent use of accessories/consumables during infusion therapy for the management of chronic diseases. The accessories/consumables segment is further segmented into dedicated accessories/consumables and non-dedicated accessories/consumables. Dedicated accessories/consumables for infusion pumps accounted for the largest share of the infusion pump accessories/consumables market in 2018. This can be attributed to the increasing demand for dedicated accessories/consumables in chronic disease management to minimize the risk of non-compatibility of accessories with infusion devices.

Based on applications, the market is segmented into chemotherapy/oncology, diabetes, gastroenterology, analgesia/pain management, pediatrics/neonatology, hematology, and other applications. Other applications include infectious diseases, autoimmune diseases, and diseases of the heart, kidney, lung, and liver. The chemotherapy/oncology segment accounted for the largest share of the global Infusion Pump Market in 2018. 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 this market segment.

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Geographical growth scenario of Infusion Pump Market:

North America accounted for the largest share of the Infusion Pump Market in 2018, followed by Europe. This is mainly due to the increasing prevalence of chronic diseases, growing demand for advanced medical treatment, and growing healthcare market in the region. The growing demand for premium-priced infusion pump systems, to improve the quality of care for patients, is expected to play a key role in the growth of the Infusion Pump Market in North America in the coming years.

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Factors driving and restraining Infusion Pumps Market growth:

The worldwide market for Infusion Pumps has seen a transforming change over the past few years and is expected to continue to do so in the coming years as well. This growth can be majorly contributed to the following factors:

• Rising Demand for Ambulatory Infusion Pumps
• Increasing Incidence of Chronic Diseases Along with the Rapid Growth in the Geriatric Population
• Growing Number of Surgical Procedures Performed

Key companies and strategies adopted:

The global Infusion Pump Market comprises key players, such as 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 (Greece), and Insulet Corporation (US). The companies in this market are mainly focusing on collaborations and agreements to strengthen their presence in the market.

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Becton, Dickinson and Company (US) dominated the Infusion Pump Market in 2017. The company’s comprehensive product portfolio includes numerous infusion systems such as volumetric pumps, syringe pumps, and PCA pumps, under its market-leading brand-Alaris. The company also provides dedicated disposables for its infusion products.

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