Press release
Infusion Pumps Market to Receive Overwhelming Growth of USD 19.7 billion with an Excellent CAGR of 7.3% by 2031
Infusion Pumps Market
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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Key Players
• 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)
• Micrel Medical Devices SA (Greece)
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Global Infusion Pumps Market Segmentation
By Type
• Volumetric Pumps
• Syringe Pumps
• Elastomeric Pumps
• Insulin Pumps
• Enteral Pumps
• Implantable Pumps
• Patient Control Analgesia Pumps
By Application
• Diabetes
• Oncology
• Pain Management
• Others
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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. Diabetes, analgesia/pain management, gastroenterology, and chemotherapy are the main applications for infusion pumps. Infusion pumps are also frequently used to administer narcotic analgesics and anesthesia locally after cardiothoracic surgery, laparoscopic cholecystectomy, and bariatric surgery. The demand for infusion therapy is anticipated to rise as the number of procedures conducted does.
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