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Ambulatory IV infusion Pumps Global Market Report 2024 To 2033 | Becton Dickinson and Company, Baxter International, B. Braun Holding GmbH & Co. KG, Smiths Medical
Ambulatory IV infusion Pumps Market Share
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According to The Business Research Company's, The ambulatory iv infusion pumps market size has grown steadily in recent years. It will grow from $0.81 billion in 2023 to $0.84 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to rapid growth in the elderly population, economic growth in emerging markets, and technological advancements.
The ambulatory iv infusion pumps market size is expected to see steady growth in the next few years. It will grow to $0.97 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to increasing prevalence of chronic diseases, increasing demand for improved infusion pumps, covid-19 impact, rise in healthcare expenditure, and increasing oncology cases in the geriatric population . Major trends in the forecast period include focusing on smart ambulatory infusion pumps devices and software, developing new product, deploying technologies, and consider acquiring smaller drug delivery device companies.
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Market Drivers and Trends:
The rise in the prevalence of people with chronic pain, cancer, and diabetes is a significant factor for the ambulatory IV infusion pumps market, as these pumps are commonly used to deliver pharmaceutical drugs during the treatment of these diseases. Chronic illnesses and disorders are on the rise around the world. An aging population and shifts in social behavior lead to a gradual increase in these widespread and expensive long-term medical issues. An ambulatory IV infusion pump is a medical device that transfers regulated doses of nutrients or drugs into a patient's body, such as chemotherapy medicines, pain relievers, antibiotics, insulin, or other hormones, at home. In September 2023, the World Health Organization (WHO) reported that chronic diseases kill 41 million people each year, equivalent to 74% of all deaths globally. Therefore, the rise in the prevalence of chronic diseases is expected to drive the growth of the ambulatory IV infusion pumps market.
Companies in the ambulatory IV infusion pump market are increasingly focusing on developing smart infusion pumps. The use of wireless technology in health monitoring devices is increasing, which enhances the ease of usage, connectivity, and data analysis. The integration of wireless technology allows the transfer of data from the device to a smartphone or a wireless device through Bluetooth or cellular connection for data processing and then to display the results, which can be used for further study and to check the health condition of the individual. Software platforms are being developed that allow patient monitoring and reduce human error.
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Major Key Players of the Market:
Becton Dickinson and Company, Baxter International, B. Braun Holding GmbH & Co. KG, Smiths Medical, ICU Medical Inc., Fresenius Kabi, Terumo Corporation, Medtronic, IRadimed Corporation, Nipro Corporation, Sinomdt, Mindray, SCHILLER Healthcare India Pvt. Ltd., Johnson & Johnson, GE Healthcare, Covidien Healthcare India Private Limited, Fisher & Paykel Healthcare India Private Limited, Agappe Diagnostics Ltd, ARKRAY Healthcare Pvt. Ltd, Accord Medical Products Private Limited, Shinva Medical Instrument Company Limited, Shandong WeiGao Group Medical Polymer Company Limited, Lepu Medical Technology Company (Beijing) Co. Ltd, Yuwell - Jiangsu Yuyue Medical Equipment & Supply Co. Ltd, Shanghai Runda Medical Technology Co. Ltd., Ambu Inc., Fresenius, Siemens, Stryker, Teleflex Medical, Beckman Coulter, St. Jude, Philips Healthcare, Draegerwerk AG, Masimo, 3M, Eitan Group, Q Core Medical, B. Braun Medical Inc.
Ambulatory IV infusion Pumps Market 2024 Key Insights:
• The ambulatory iv infusion pumps market size is expected to see steady growth in the next few years. It will grow to $0.97 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%.
• Growing Prevalence Of Chronic Diseases Fuels Demand For Ambulatory Iv Infusion Pumps
• Innovation In Ambulatory Iv Infusion By Smart And Wireless Technology
• North America was the largest region in the ambulatory IV infusion pumps market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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