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Infusion Pump Market Growth to 2026: Top Competitors are Becton, Dickinson and Company, Baxter International, B. Braun, ICU Medical, Fresenius Kabi, Smiths Medical, Medtronic PLC

08-02-2021 11:33 AM CET | Health & Medicine

Press release from: ReportsnReports

Infusion Pump Market analysis provides an examination of various segments that are supposed to witness the quickest development amid the estimated forecast frame. The market study of this report takes into consideration market attractiveness analysis, where each segment is benchmarked based on its market size, growth rate, and general attractiveness. This market research report helps the clients understand the various drivers and restraints impacting the market during the forecast period. Market research reports like this Infusion Pump Market surely helps to reduce business risk and failure. For effectual business growth, companies must adopt market research report service which has become quite vital in this rapidly changing marketplace.

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The infusion pumps market is expected to reach USD 20.5 Billion by 2026 from an estimated USD 13.2 Billion in 2021, at a CAGR of 9.3%.

Key players in the Infusion Pump Market

Becton, Dickinson and Company (US),
Baxter International (US),
B. Braun (Germany),
ICU Medical (US),
Fresenius Kabi (Germany),
Smiths Medical (US),
Medtronic PLC (Ireland),
Moog Inc. (US),
Avanos Medical, Inc. (US),
Nipro Corporation (Japan),
Terumo Corporation (Japan),
Insulet Corporation (US),
Ypsomed Holding AG (Switzerland),
Tandem Diabetes Care (US),
JMS Co., Ltd. (Japan),
Micrel Medical Devices SA (Greece),
InfuTronix Solutions LLC (US),
Zyno Medical LLC (US),
Roche Diagnostics (Switzerland),
Teleflex, Inc. (US),
Mindray Medical International Limited (China),
Epic Medical (Singapore),
SOOIL Development Co., Ltd. (South Korea),
Shenzhen MedRena Biotech Co., Ltd. (China),
and CODAN Medizinische Geräte GmbH & Co KG (Germany).

The increasing incidence of chronic diseases along with the rapid growth of the geriatric population, rising demand for ambulatory infusion pumps, and the growing volume of surgical procedures performed across the globe are some of the key factors driving the growth of the infusion pumps market. However, the presence of stringent regulations for new products, medication errors associated with infusion pumps (which have resulted in product recalls), and the increasing adoption of refurbished and rental infusion pumps are expected to restrain the growth of this market during the forecast period.

Based on product type, the accessories & consumables segment holds the largest market share during the forecast period.

Based on products, the infusion pumps market has been segmented into accessories & consumables and devices. The accessories & consumables segment accounted for the largest share of the infusion pumps market in 2020. The large share and high growth of this segment can be attributed to the recurrent use of accessories & consumables and the increasing adoption of infusion pumps for the delivery of medications in a controlled environment

Based on infusion pump devices, the volumetric infusion pump accounted for the highest market share during the forecast period.

Based on devices, the infusion pump market is segmented into volumetric infusion pumps, insulin pumps, enteral infusion pumps, ambulatory infusion pumps, syringe infusion pumps, patient-controlled analgesia (PCA) pumps, and implantable infusion pumps. The volumetric infusion pumps segment accounted for the largest share of the infusion pump devices market in 2020. Volumetric infusion pumps are widely used to deliver large volumes of fluid to patients. These pumps are capable of delivering fluids, blood transfusions, and total parental nutrition (TPN) to patients at continuous predetermined medium-to-high flow rates. These devices are useful for almost all areas of healthcare and are widely used for IVs.

Based on technology of infusion pump devices, the traditional pump segment is expected to register the highest CAGR during the forecast period.

Based on technology, the infusion pump devices market has been segmented into traditional infusion pumps and specialty infusion pumps market. The traditional infusion pumps segment accounted for the largest share of the infusion pump devices market in 2020. The large share of this segment is mainly due to the wide applications of traditional infusion pumps, their low cost compared to specialty infusion pumps, and their high adoption in hospitals.

Based on application, the diabetes segment is expected to register the highest CAGR during the forecast period.

Based on application, the infusion pumps market is segmented into chemotherapy/oncology, diabetes management, gastroenterology, analgesia/pain management, pediatrics/neonatology, hematology, and other applications (includes infectious diseases, autoimmune diseases, and diseases of the heart, kidney, lung, and liver). The diabetes management segment is expected to witness the highest growth rate during the forecast period. Growth in this segment is mainly driven by the increasing prevalence of diabetes and the rising demand for insulin pumps to manage diabetes in home care settings.

Based on setting, home care settings are expected to register the highest CAGR during the forecast period.

Based on setting, the infusion pumps market has been segmented into hospitals, home care settings, ambulatory care settings, and academic & research institutes. The home care settings segment is projected to register the highest CAGR during the forecast period. Technological advancements in infusion pumps have enabled the development of compact and lightweight devices that are easy to carry and operate. This, coupled with the increasing awareness and acceptance of ambulatory infusion pumps (such as disposable pumps) at home care settings to reduce hospital stays, propels the growth of the infusion pumps market for home care settings.

North America is expected to account for the largest share of the infusion pump market in 2020

Geographically, the infusion pump market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the infusion pump market in 2020.The large share of North America in the global infusion pumps market can be attributed to the rising geriatric population, increasing prevalence of diabetes, and the rapid adoption of technological advancements.

Break of primary participants was as mentioned below:

By Company Type – Tier 1–60%, Tier 2–30%, and Tier 3–10%
By Designation – C-level–30%, Director-level–50%, Others–20%
By Region – North America–45%, Europe–15%, Asia Pacific–25%, Latin America- 10%, Middle East and Africa–5%

Research Coverage:

The report analyzes the infusion pump market and aims at estimating the market size and future growth potential of this market based on various segments such as product, application, setting, and region. The report also includes a product portfolio matrix of various infusion pump available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.

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Reasons to Buy the Report

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

This report provides insights into the following pointers:

Market Penetration: Comprehensive information on product portfolios offered by the top players in the global infusion pump market. The report analyzes this market by product, application, and setting.

Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global infusion pump market

Market Development: Comprehensive information on the lucrative emerging markets by product, application, and setting.

Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global infusion pump market
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global infusion pump market.

Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions Of The Study
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.3.3 Currency
1.4 Stakeholders
1.5 Summary Of Changes

2 Research Methodology
2.1 Research Approach
2.2 Research Methodology Design
Figure 1 Infusion Pumps Market: Research Design
2.2.1 Secondary Research
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
Figure 2 Primary Sources
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Key Industry Insights
Figure 3 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
Figure 4 Breakdown Of Primary Interviews: Supply-Side And Demand-Side Participants
2.3 Market Size Estimation
Figure 5 Supply-Side Market Size Estimation: Revenue Share Analysis
Figure 6 Revenue Share Analysis Illustration: Becton, Dickinson And Company
Figure 7 Revenue Analysis Of The Top Six Companies: Infusion Pumps Market (2020)
Figure 8 Demand-Side Analysis: Infusion Pumps Market
Figure 9 Demand-Side And Supply-Side Analysis: Insulin Pumps Market
Figure 10 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges Of The Infusion Pumps Market (2021 2026)
Figure 11 Cagr Projections: Supply-Side Analysis
Figure 12 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
Figure 13 Market Data Triangulation Methodology
2.5 Market Share Analysis
2.6 Assumptions For The Study
2.7 Risk Assessment
Table 1 Risk Assessment: Infusion Pumps Market
2.8 Limitations
2.8.1 Methodology-Related Limitations
2.8.2 Scope-Related Limitations

3 Executive Summary
Figure 14 Infusion Pumps Market, By Product, 2021 Vs. 2026 (Usd Million)
Figure 15 Infusion Pump Accessories & Consumables Market, By Type, 2021 Vs. 2026 (Usd Million)
Figure 16 Dedicated Accessories & Consumables Market, By Type, 2021 Vs. 2026 (Usd Million)
Figure 17 Non-Dedicated Accessories & Consumables Market, By Type, 2021 Vs. 2026 (Usd Million)
Figure 18 Infusion Pump Devices Market, By Product, 2021 Vs. 2026 (Usd Million)
Figure 19 Infusion Pump Devices Market, By Type, 2021 Vs. 2026 (Usd Million)
Figure 20 Infusion Pump Devices Market, By Technology, 2021 Vs. 2026 (Usd Million)
Figure 21 Infusion Pumps Market, By Application, 2021 Vs. 2026 (Usd Million)
Figure 22 Infusion Pumps Market, By Setting, 2021 Vs. 2026 (Usd Million)
Figure 23 Geographic Snapshot: Infusion Pumps Market

4 Premium Insights
4.1 Infusion Pumps Market Overview
Figure 24 Growing Prevalence Of Chronic Diseases To Drive The Growth Of The Infusion Pumps Market
4.2 Asia Pacific: Infusion Pumps Market, By Application And Country
Figure 25 China Dominated The Apac Infusion Pumps Market In 2021
4.3 Infusion Pumps Market: Geographic Mix
Figure 26 India & China To Witness The Highest Growth In The Infusion Pumps Market During The Forecast Period

5 Market Overview

6 Infusion Pumps Market, By Product

7 Infusion Pumps Market, By Application

8 Infusion Pumps Market, By Setting

9 Infusion Pumps Market, By Region

10 Competitive Landscape

11 Company Profiles

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