Infusion Pumps and Accessories Market Expansion: Anticipated To Reach USD 13,264.18 Million By 2030

Infusion pumps are medical devices employed to deliver medications and fluids into patient's body in controlled dosages. They are designed according to the usage; for example, for stationary use, the device is placed at patient bedside, and for ambulatory use, they can be wearable or portable. Infused fluids are various medications that are administered on the basis of patient conditions such as nutrients for eternal feeding, insulin, hormones, antibiotics, and others. Moreover, these pumps are widely used in healthcare settings such as patient, outpatient, private clinics, and at-home settings.

The infusion pumps & accessories market size was valued at $8138.49 Million in 2020, and is estimated to reach $13,264.18 Million by 2030, growing at a CAGR of 5.0% from 2021 to 2030.

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Infusion pumps and accessories have gained a substantial market share in the recent years, due to increase use in treatment of various chronic disorders. Improved features of infusion pumps have led to widening of applications of these pumps for treatment purpose and delivery of medications. Furthermore, increase in strategic developments by key players are anticipated to fuel the market growth in the near future.

The major factors that drive the growth of the infusion pumps & accessories market include increase in incidence of chronic diseases such as diabetes, cardiovascular disorders, and cancer; growth in geriatric population who are more prone to aforementioned disorders; numerous applications of infusion pumps; and upsurge in demand for home-based infusion pumps products. However, high risk of postoperative complications after endotracheal intubation and dearth of skilled professionals limit the market growth. Conversely, development of technologically advanced infusion pumps and untapped potential in the emerging economies are anticipated to provide numerous opportunities for the market growth during forecast period.

The accessories & disposables segment occupied the largest share in 2021, and is anticipated to continue its dominance during the forecast period, owing to high usage, applicability, and availability of disposables for infusion therapies. However, the devices & pumps segment is expected to grow at the highest CAGR from 2021 to 2030.

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North America garnered the major share in the infusion pumps & accessories market in 2020, and is expected to continue to dominate during the forecast period, owing to rise in number of collaborations and partnership among key companies that manufacture infusion pumps, presence of key players, development of the healthcare sector, and presence of infusion pump products in the region. However, Asia-Pacific is expected to register the highest CAGR of 5.3% from 2021 to 2030, owing to increase in prevalence of chronic diseases and development of healthcare infrastructure.

Key findings of the Infusion Pumps and Accessories Market:

The study provides an in-depth analysis of the infusion pumps & accessories market, and the current trends & future estimations to elucidate imminent investment pockets.

It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing infusion pumps and accessories market opportunities.

Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.

Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the infusion pumps & accessories market.

The key players of this market include Baxter International Inc., B. Braun Melsungen AG, Fresenius SE & Co., Smiths Medical, Johnson & Johnson, Becton, Dickinson and Company, ICU Medical, Inc., CME Medical UK Limited, Moog, Inc., and Terumo Corporation.

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