Intravenous Infusion Pump Market by Type (Volumetric Infusion Pumps, Syringe Infusion Pumps, and Patient Controlled Analgesia Infusion Pumps), Application (Oncology, Parenteral Nutrition, Analgesia/Pain Management, and Others), and End User (Hospital & Cl

Report Overview
The global intravenous infusion pump market was valued at $4,154.30 million in 2020, and is estimated to reach $8,147.20 million by 2030, growing at a CAGR of 7.10% from 2023 to 2032. An intravenous infusion pump is a medical tool used to administer drugs or nutrients directly into a patient's bloodstream. These are frequently seen in medical facilities since they are frequently utilised to transport drugs in precise quantities.

The rise in the number of elderly people and the prevalence of chronic diseases are the main factors propelling the growth of the worldwide intravenous infusion pump market. Additionally, a boom in the use of portable infusion pumps to cut down on hospital costs is anticipated to support growth. However, the expansion of the intravenous infusion pump market is constrained by patient safety concerns and medication errors connected to infusion pumps. On the other hand, throughout the forecast period, technical developments in infusion pumps are anticipated to generate profitable prospects for leading market players.

The preference for homecare settings has significantly increased as a result of the rise in long-term care spending. Due to rising hospitalisation costs and an increase in the prevalence of chronic diseases, ambulatory infusion pumps are more in demand in homecare settings. The rise in demand for ambulatory infusion pumps in homecare settings is mostly due to an increase in the adoption rate of these devices and the need to cut down on hospital stays. An infusion pump is typically controlled by a trained operator who uses a built-in software interface to programme the rate and duration of fluid administration. When compared to manually administering fluids, infusion pumps have a number of benefits, including the ability to infuse fluids in small amounts and at precisely programmed rates or automatic intervals. Additionally, infusion pumps can give nutrition or pharmaceuticals like antibiotics, chemotherapeutic drugs, hormones like insulin or other hormones, and painkillers.

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Market Segmentation
Based upon the Types of pumps used in the Intravenous Infusion Pump market is segmented in Volumetric Infusion Pumps, Insulin Infusion Pumps, Syringe Infusion Pumps, Enteral Infusion Pumps, Ambulatory Infusion Pumps, Patient Controlled Analgesia (PCA) and Implantable Infusion Pumps. The Volumetric infusion pumps dominated the Intravenous Infusion Pumps market in 2022 with a market share of 16.7% of the total segments. Volumetric infusion pumps held the largest market share in 2022 as these pumps are having the capacity of delivering continuous and very specific amounts of fluids at very slow to very fast rates. Based on the application, the Intravenous Infusion Pump market is segmented into Chemotherapy, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology and Hematology. In the application segment the most dominant market is pediatrics /neonatology which covered the largest Intravenous Infusion Pumps market share of 26.5% in 2022. This segment is driven by the treatment for pediatrics with advanced technology and with the rising number of births worldwide, the demand for effective pediatric care has also grew.

End user segment of Intravenous Infusion Pump market is further bifurcated into Hospitals & Clinics and Home Healthcare. The hospitals & clinics segment held major share of the global market in 2021. Demand for medical equipment, including Intravenous Infusion Pumps, due to availability of smart and advanced intravenous infusion pumps in hospitals along with rise in prevalence of chronic diseases and increased healthcare expenditure.

By Type
• Volumetric Infusion Pumps
• Insulin Infusion Pumps
• Syringe Infusion Pumps
• Enteral Infusion Pumps
• Ambulatory Infusion Pumps
• Patient Controlled Analgesia (PCA)
• Implantable Infusion Pumps

By Application
• Chemotherapy
• Diabetes
• Gastroenterology
• Analgesia/Pain Management
• Pediatrics/Neonatology
• Hematology

By End User
• Hospitals & Clinics
• Home Healthcare

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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.

FREQUENTLY ASKED QUESTIONS?
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Q8. What are the market values / growth % of emerging countries?
Q9. What is intravenous infusion pump?
Q10. What are the application of intravenous infusion pump market?

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