Infusion Pump Market Size, Share, Statistics, Growth, Trends, Outlook 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Infusion Pump Global Market Report 2023 identifies The rise in the prevalence of chronic diseases as the major driver for the Infusion Pump market's growth in the forecast period. Chronic diseases refer to noncommunicable diseases (NCDs), which are long-term health conditions and often progress slowly over an extended period. The rise in the prevalence of chronic diseases, such as cancer and diabetes, is mostly driven by changing lifestyles, lack of physical activities, decreasing quality of life, and poor eating habits. Infusion pumps are used to treat some of these chronic diseases by providing accurate dosing, precise fluid delivery, and customized treatments. For instance, in 2020, according to the World Cancer Fund Research International, a UK-based a not-for-profit association related to cancer prevention, there were 18,094,716 million new cases of cancer worldwide.

The global infusion pump market size is expected to grow from $12.93 billion in 2022 to $14.01 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global infusion pump market size is expected to reach $19.09 billion in 2027 at a CAGR of 8%.

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Major competitors in the Infusion Pump market are Becton Dickinson and Company, Baxter, B Braun SE, ICU Medical, Fresenius Kabi AG, Smiths Medical, Medtronic, Moog Inc., Terumo Corporation

A key trend in the Infusion Pump market includes Technological advancement. Major companies operating in the infusion pump market are focused on developing new technological solutions to strengthen their position. For instance, in November 2022, US-based medical device company Medtronic launched the world's first and only insulin pump infusion set, MiniMed Quick-set Plus. It was uniquely developed with cutting-edge components that aid in lowering insulin preservative loss and maintaining insulin flow and stability to extend an infusion set's wear time by two times. It is the first and only infusion set that is approved by FDA, and it is designed to provide a more convenient and comfortable experience for diabetes patients.

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The Infusion Pump market is segmented -
•By Product: Accessories And Consumables, Devices
•By Type: Volumetric Infusion Pumps, Insulin Pumps, Enteral Infusion Pumps, Syringe Infusion Pumps, Ambulatory Infusion Pumps, PCA Pumps, Implantable Infusion Pumps
•By Technology: Traditional Infusion Pumps, Specialty Infusion Pumps
•By Application: Chemotherapy Or Oncology, Diabetes Management, Gastroenterology, Pain Management Or Analgesia, Pediatrics Or Neonatology, Hematology, Other Applications
•By End Users: Hospitals, Ambulatory Care Settings, Specialty Clinics, Home Care Settings
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Infusion Pump market.

The Business Research Company's "Global Infusion Pump Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Infusion Pump Market Include:
1. Executive Summary
2. Infusion Pump Market Characteristics
3. Infusion Pump Market Trends And Strategies
4. Infusion Pump Market - Macro Economic Scenario
5. Infusion Pump Market Size And Growth
................
26. Africa Infusion Pump Market
27. Infusion Pump Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Infusion Pump Market
29. Infusion Pump Market Future Outlook and Potential Analysis
30. Appendix

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