Infusion Pumps Market was valued at USD 9.7 billion in 2021 and is anticipated to grow further to USD 19.7 billion by 2031

The infusion pumps market was valued at USD 9.7 billion in 2021 and it is anticipated to grow further to USD 19.7 billion by 2031, at a CAGR of 7.3% during the forecast period.

Medications, hormones, and nutritious fluids are administered into the circulatory system through veins in controlled volumes using intravenous infusion pumps. In clinical settings including hospitals, nursing homes, and homes, these pumps are widely used. Using built-in software, the skilled operator controls the pump by setting the rate and duration of fluid supply. Nutrients, hormones, antibiotics, chemotherapeutic medications, and painkillers can all be given by intravenous infusion pumps.

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Market Trends and Drivers:

The number of surgical operations carried out worldwide has significantly increased over time. The growing elderly population, as well as the increased frequency of obesity and other lifestyle disorders, are both responsible for this. One of the main causes of orthopedic and cardiovascular disorders is obesity. Obesity also raises the risk of ischemic stroke, type 2 diabetes mellitus, joint and tissue damage, breast, colon, ovarian, endometrial, kidney, and gallbladder cancer. The continuous and controlled medicine administration during and following many types of surgeries is made possible by infusion pumps.

COVID-19 Impact:

One of the sectors most severely impacted by the pandemic in 2020 was the healthcare sector. Hospitals throughout the world were stretched to their limits by the emergency care given to COVID-19 patients. Infusion pumps and ventilators, on the other hand, can be regarded as crucial devices because they are utilized in ICUs, CCUs, and emergency rooms. In addition, the growing need for infusion pumps, such as ambulatory and enteral feeding pumps, in the home care industry is promoting market expansion at the moment.

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However, industry participants anticipate a reduction in device sales in the fourth quarter of 2021, which is anticipated to have a limited impact on the market's expansion. The market's major players have been compelled by the shift in demand toward medical devices to plan their manufacturing capacities, concentrate on new product development, and look for the best supply chain strategies targeted at COVID-19 need.

Major Players in the Global Infusion Pumps Market:

The key players studied in the Becton, Dickinson and Company (US), Baxter International (US), B. Braun (Germany), ICU Medical (US), Fresenius Kabi (Germany), 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) and Micrel Medical Devices SA (Greece) among others.

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