Press release
Infusion Pump Market: Growth driven by Aging Population and Technological Advancements
Infusion Pump Market Size
What Is The Projected Market Size Of The Global Infusion Pump Market And Its Growth Rate?
The global infusion pump market presents an impressive growth trajectory:
- The market size in 2024: $14.77 Billion
- Expected to grow to $15.85 billion in 2025 at a CAGR of 7.4%.
- Anticipated to reach $22.92 billion by 2029 at a CAGR of 9.7%
The growth factors for both the historic and forecast periods include an aging population, chronic diseases, influence from hospitalization trends & surgical procedures, advancements in healthcare, rise in home healthcare trends, growth of ambulatory care centers, global health challenges, technological integration, and increasing patient empowerment.
What Is Driving The Growth In The Infusion Pump Market?
The rise in the prevalence of chronic diseases, such as cancer and diabetes, primarily drives the growth of the infusion pump market. The chronic diseases, mostly caused by changing lifestyles, lack of physical activities, reducing quality of life, and poor eating habits, lead to long-term health conditions that progress slowly over time. Infusion pumps serve as an essential tool in treating these chronic diseases, providing features like accurate dosing, precise fluid delivery, and customized treatments that substantially enhance patient care.
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Who Are the Key Players Driving Infusion Pump Market Growth?
- Becton Dickinson and Company
- Baxter International Inc.
- B. Braun Melsungen AG
- ICU Medical Inc.
- Fresenius Kabi AG
- Smiths Medical Inc.
- Medtronic plc
- Moog Inc.
- Terumo Corporation
- Insulet Corporation
- Boston Scientific Corporation
- Tandem Diabetes Care Inc.
- InfuTronix Solutions LLC
- Micrel Medical Devices SA
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- Mindray Medical International Limited
- Caesarea Medical Electronics Ltd.
- Hospitech Respiration Ltd.
- IRadimed Corporation
- Ivenix Inc.
- Sooil Development Co. Ltd.
- ZOLL Medical Corporation
- Zyno Medical LLC
What Are The Key Trends In The Infusion Pump Market?
The global infusion pumps market is identifying the following major trends:
- The development of wearable infusion devices.
- Expansion of ambulatory infusion centers.
- Customization for pediatric and geriatric patients.
- Focus on cost-effectiveness and efficiency for healthcare services.
- Integration of artificial intelligence in infusion systems.
What Are The Segments Of The Global Infusion Pump Market?
The infusion pump market is segmented as -
1) By Product: Accessories And Consumables, Devices
2) By Type: Volumetric Infusion Pumps, Insulin Pumps, Enteral Infusion Pumps, Syringe Infusion Pumps, Ambulatory Infusion Pumps, PCA Pumps, Implantable Infusion Pumps
3) By Technology: Traditional Infusion Pumps, Specialty Infusion Pumps
4) By Application: Chemotherapy Or Oncology, Diabetes Management, Gastroenterology, Pain Management Or Analgesia, Pediatrics Or Neonatology, Hematology, Other Applications
5) By End User: Hospitals, Ambulatory Care Settings, Specialty Clinics, Home Care Settings
Which Region Leads The Infusion Pump Market?
North America was the largest region in the infusion pump market in 2024, considering the research covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Infusion Pump Market Global Market Report?
- Market Size Analysis: Analyze the Infusion Pump Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Infusion Pump Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate the contributions of different segments to the overall Infusion Pump Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Infusion Pump Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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