Infusion Pumps Market Share, Top Leaders, Segment Analysis, Growth and Demand Forecast Report 2030

The infusion pumps market will touch USD 27,133.7 million, propelling at an 8.7% compound annual growth rate, by 2030.

The growth of the industry can be attributed to the increasing incidence of chronic illnesses, surging aging population, growing popularity of home infusion treatments, advancement in technologies, and rising prevalence of hospital-acquired diseases. For example, according to the NCI, by 2040, over 26 million survivors of cancer will be there in the U.S.

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The pandemic of COVID-19 has had a positive impact on the industry due to the increase in medication usage and remote patient monitoring to avoid the spread of the virus.

In the past few years, the accessories and consumables category, based on product type, led the industry, and it will further advance at a higher rate, of over 8%, in the years to come. This is primarily because of the mounting obtainability and utilization of consumables and accessories all over the world.

In the past few years, the diabetes management category, based on application, held the largest infusion pumps market share. This can be because of the surging incidence of diabetes and its problems all over the world.

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The traditional category, based on functionality, is likely to observe faster growth, propelling at approximately 10% compound annual growth rate, in the years to come. This is because the requirement for these pumps is rising for delivering pain antibiotics, medicines, hydration fluids, and chemotherapeutic medications.

In recent years, the hospitals category, based on end user, accounted for the dominating share in the industry. Practices of drug delivery are most often done in hospitals, mainly in post-surgical pain or during surgeries. Therefore, hospitals are increasingly utilizing infusion devices and accessories for patients' treatment or monitoring.

Whereas, the home care settings category held approximately 30% share in the past few years, and it will observe the highest growth in the years to come. This can be attributed to the surging incidence of chronic illnesses including cardiovascular illnesses, respiratory illnesses, and diabetes; the increasing aging population and patient pool; and high hospitalization costs.

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North America accounted for the dominating share of the industry in recent years. This is because of the increasing incidence of illnesses, such as gastrointestinal disorders and cancer; the growing expenses on healthcare; and the increasing consciousness regarding diabetes management.

APAC has observed significant growth in the past few years, and it is likely to continue this trend in the coming years. This can be because of the increasing incidence of lifestyle-related illnesses and the increasing healthcare expenses in the continent.

It is because of the increasing incidence of chronic illnesses as well as advancement in infusion device technology, the infusion pumps industry will continue to grow in the coming years.

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