European Infusion Therapy Devices Market Size, Share, Industry Analysis, Trends, Growth and Forecast 2025

The European infusion therapy devices market is anticipated to grow at a CAGR of 5.8% during the forecast period. Major European economies contributing to the market are the UK, Germany and France. Various biotech companies are working in the field of infusion therapy devices in these economies. The market is being significantly driven by the increasing number of surgeries performed coupled with the significant prevalence of chronic diseases in the region. As per the Eurostat, considerable growth in appendectomies performed with the use of keyhole surgery was reported in the EU hospitals in 2017. Laparoscopic appendectomy was the most common procedure in 2017. Among the 23 EU Member States, four Member States, including Finland, Poland, Lithuania and Estonia (2013-2017) were reported the frequency of this procedure more than doubled, while there were even faster expansions in Slovenia (3.5 times as high in 2017 as in 2012), Cyprus (5.2 times; 2013-2017) and Malta (6.3 times).

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The major players contributing to the growth of the European infusion therapy devices market include B. Braun Melsungen AG, Medtronic PLC, Novartis AG, and Terumo Corp.

The European infusion therapy devices market is segmented on the basis of product type, application, and end-user. Based on the product type, the market is classified into infusion pumps and consumables & accessories. Based on the application, the market is segregated into oncology, diabetes, gastroenterology, analgesia, hematology, and others. The end-user segment is classified into hospitals, home care, and ambulatory surgery centers.

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The players operating in the market adopt various strategies such as technology development, product launch, merger and acquisitions for gaining a sustainable position in the market that further propels the growth of the market. For instance, in July 2019, B. Braun Melsungen AG announced the integration of Space infusion pump systems with Tele Tracking Technologies, Inc.'s RTLS Asset Tracking solution. This integration demonstrates the company's ongoing focus on solving operational challenges and improving patient safety, and in turn, accelerating its revenue in the infusion pump segment.

Market Segmentation

Infusion Therapy Devices Market by Product Type

o Infusion Pumps
o Consumables & Accessories

Infusion Therapy Devices Market by Application

o Oncology
o Diabetes
o Gastroenterology
o Analgesia
o Hematology
o Others (Pediatrics)

Infusion Therapy Devices Market by End-User

o Hospitals
o Homecare
o Ambulatory Surgery Centers

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