Infusion Pump Market Analysis, Share, Trend, Industry Report Forecast till 2032 | Abbott Laboratories, Hospira, CME Medical

Global Infusion Pump Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Infusion Pump Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The global infusion pump market size was valued at USD 11.13 billion in 2023. The market is projected to grow from USD 11.93 billion in 2024 to USD 21.14 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period.

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Global infusion pump market Dynamics

Market Driver:

According to Genworth, a long-term care insurance provider, the cost of long-term care in 2021 has grown considerably, with sizable price hikes for home-based services. Changing demographics and increasing rates of chronic conditions will drive these costs over the next few decades. The demand for infusion pumps is expected to grow significantly with the rising need for long-term care. Additionally, ambulatory infusion pumps being cheaper and easier to use than other types are being used extensively by patients to reduce hospital stays.

Market Restraint:

Infusion pumps have one of the highest recall rates among medical devices. From 2005 through 2009, the FDA received approximately 56,000 reports of adverse events associated with the use of infusion pumps, resulting in numerous injuries and 710 deaths. A large chunk of these recalls was chalked down to to faulty device design. According to the Institute of Medicine report "Preventing Medication Errors," patient safety issues arising from infusion pumps cost the health system approximately USD 2 billion annually. Since recalls affect the sales of infusion pumps, this is a key concern for manufacturers in the market.

Major Players in Infusion Pump Markets are:

Abbott Laboratories, Hospira, CME Medical, Alpha Therapeutics, Mindray, Johnson and Johnson, Terumo, ICU Medical, Codman and Shurtleff, B. Braun, Medtronic, Becton Dickinson, Moog Inc., Smiths Medical, Fresenius Kabi

Industry News:

In August 2023, ICU Medical, Inc. (US) received FDA clearance for its Plum Duo infusion pump, which will make it available for customers in the US in early 2024.

In April 2023, Fresenius Kabi (Germany) announced that its Ivenix Infusion System has received an Innovative Technology contract from Vizient, Inc. (US), which sets terms for hospitals to evaluate and purchase the Ivenix Infusion System. In August 2022, Becton Dickinson and Company (US)'s Novum IQ Syringe Infusion Pump received FDA approval.

In March 2022, Freseniu kabi (Germany) received US FDA approval for the wireless Agilia Connect Infusion System, which includes the Agilia Volumetric Pump and the Agilia Syringe Pump with Vigilant Software Suite-Vigilant Master Med technology.

In January 2022, ICU Medical, inc. (US) acquired Smiths Medical, inc. (US) to increase its share in the infusion pump market by adding syringe and ambulatory pumps to its portfolio.

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Global Infusion Pump Market Segmentation:

Market, By Type
Volumetric Pumps
Syringe Pumps
Elastomeric Pumps
Insulin Pumps
Enteral Pumps
Implantable Pumps
Patient Control Analgesia (PCA) Pumps

Market, By Application
Diabetes
Oncology
Pain Management
Others

Market, By End User
Hospitals
Ambulatory Care Settings
Specialty Clinics
Home Care Settings

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The following areas and countries are covered in the worldwide Infusion Pump Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

North America dominates the infusion pump market. The North American region is gaining traction with the increasing incidence and prevalence of chronic diseases. Moreover due to strong foothold of major key players in the region, rising approval of pen injectors for multiple applications across many countries, and initiatives by government to increase the awareness about the advancements in infusion pumps and their related accessories and consumables are likely to play a major role in fueling the growth of the infusion pump market in North America.

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