Meticulous Research® Forecasts Infusion Pumps Market to Surpass $25.9 Billion by 2030, with a CAGR of 8.3%

[Redding, California] - Meticulous Research®, a leading global market research company, has released its latest publication projecting the infusion pumps market to achieve remarkable growth, reaching a value of $25.9 billion by 2030, exhibiting a promising CAGR of 8.3% during the forecast period.

The market's upward trajectory is attributed to several factors including the escalating demand for ambulatory infusion pumps, the surge in chronic diseases, the rapid expansion of the geriatric demographic, increasing surgical procedures, and the heightened awareness of home healthcare services. Despite these drivers, challenges such as frequent product recalls, rising adoption of refurbished and rental infusion pumps, and stringent regulatory requirements pose constraints to market growth.

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Moreover, the emerging markets coupled with the rising adoption of specialty infusion systems like IoT infusion pumps present lucrative opportunities for market players. However, challenges persist with the increasing incidence of medication errors and the lack of wireless connectivity in hospital settings.

Key Industry Players

Leading participants in the infusion pumps market landscape include Becton, Dickinson and Company (BD), B. Braun SE (Germany), Baxter International Inc. (U.S.), Fresenius SE&Co. KGaA. (Germany), ICU Medical, Inc. (U.S.), Medtronic plc (Ireland), MOOG Inc. (U.S.), Terumo Corporation (Japan), F. Hoffmann-LA Roche Ltd (Switzerland), and Insulet Corporation (U.S.).

Future Outlook

The infusion pumps market is comprehensively segmented by product type, channel, application, end-user, and geography. The study delves into industry competitors and conducts in-depth analyses at regional and country levels.

In 2023, the infusion pump accessories/consumables segment is projected to hold the largest market share, driven by factors such as increased usage in ambulatory centers, growing demand in home healthcare settings, and the recurring nature of these products.

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Similarly, the multi-channel infusion pumps segment is expected to dominate the channel-based market in 2023, fueled by advancements enabling the delivery of multiple fluids simultaneously, thereby reducing healthcare professionals' workload.

Geographic Review

The research report provides a comprehensive analysis of major geographies including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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North America is anticipated to lead the infusion pumps market in 2023, followed by Europe and Asia-Pacific. Within North America, the U.S. is poised to emerge as the largest market shareholder, buoyed by the robust adoption of advanced technologies, high literacy rates facilitating the uptake of portable infusion pumps, and substantial government spending on healthcare.

About Meticulous Research®

Meticulous Research® is a leading global market research company providing in-depth market intelligence reports and consulting services. We strive to provide impeccable research studies that enable businesses to make informed decisions.

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This release was published on openPR.