Infusion Pump Market Analysis By Industry Value, Market Size, Top Companies And Growth Forecast by 2026 | Fresenius SE & Co., B. Braun Melsungen AG, Becton, Dickinson and Company, Smiths Medical, ICU Medical, Inc.

An increasing number of hospitalisations, surging chronic disease prevalence, and the expanding ageing patient population predominantly drive demand infusion pumps worldwide. With a consistent rise in the number of diabetic and gastrointestinal disease patients, global infusion pump market is likely to be on a healthy uptrend in future.

The entry of home-based healthcare settings into the mainstream of the healthcare industry will largely favour the market growth according to a new Fairfield Market Research study. Another strong factor projected to offer the market an impetus is the growing popularity of portable infusion pumps, especially across home health settings. The combination of home healthcare and portable infusion pumps will gain ground because of its cost-efficiency.

Besides home health settings, the adoption of infusion pumps will across hospitals, clinics, infusion clinics, and ambulatory surgical centres prevail. The soaring number of long-term care facilities and palliative care centres are also likely to uplift the growth outlook for the infusion pump market. The COVID-19 pandemic has been a significant booster to home-based healthcare, and growing government efforts on the same will further strengthen the trend to generate a continuous stream of demand for infusion pumps.

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Competition Analysis - Infusion Pump Landscape

1. B. Braun Melsungen AG
2. Medtronic PLC
3. Baxter International Inc.
4. Becton
5. Dickinson and Company
6. Roche Diagnostics
7. Fresenius SE & Co.
8. Smiths Medical
9. Johnson & Johnson
10. ICU Medical Inc.
11. CME Medical UK Limited Inc.
12. Avanos Medical
13. Moog Inc.
14. Terumo Corporation
15. Teleflex Inc.
16. Nipro Corporation
17. Insulet Corporation
18. Zyno Medical LLC
19. Shenzhen MedRena Biotech Co. Ltd.

Soaring Global Burden of Diabetes, and Cancers Significantly Influence Market Growth

The global cancer burden is all set to see a mammoth rise of 40% in 2040, compared to that recorded in 2020. As cancers continue to remain one of the leading causes of mortality worldwide and a sizeably large cancer patient population is expected to be in need of palliative care at home shortly, demand for infusion pumps will also remain on an uptrend. Increasing chemotherapy procedures at hospitals, and cancer speciality centres, as well as the growing availability of technologically advanced ambulatory infusion pumps will give a collective push to demand infusion pumps within the oncology segment.

While the medical industry has been on a continuous journey to sophistication, there have been certain challenges that remain the key impediments facing infusion pump market players in terms of new device sales. Poor wireless connectivity and lack of interoperability among infusion devices and hospital systems forestall the complete reliability of infusion pumps. Despite this, the infusion pumps market for refurbished and rental devices has been forecast to witness notable demand coming in from small healthcare facilities and hospitals on a lesser budget.

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Sales Dominant in North America, Asia Pacific Holds Ample Opportunities

The US has been the early adopter of speciality infusion pumps, which continues to place North America as the top infusion pump market globally. Sustained preference for speciality infusion pumps in treatment of chronic health conditions is expected to uphold infusion pump market in the region. Strong presence of key manufacturers, and state-of-the-art healthcare infrastructure will further strengthen market expansion here.

Asia Pacific on the other hand is all set to represent a highly lucrative market for infusion pumps manufacturers as the region continues to witness chronic disease prevalence at alarming rates. Considering the improving healthcare expenditure, accelerating healthcare infrastructural developments, and the low-cost manufacturing benefit that region offers, the report forecasts Asia Pacific to attract globally leading brands, as well as investors in the near future.

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