Press release
Strong Growth Ahead: Intravenous Infusion Pumps Market Size To Grow At Arecord 8% Cagr By 2029
Intravenous Infusion Pumps Market
How Big Is the Intravenous Infusion Pumps Market Size Expected to Be by 2034?
The intravenous infusion pumps market has seen significant growth, projected to increase from $5.99 billion in 2024 to $6.42 billion in 2025 at a CAGR of 7.1%. This growth is linked to the rise in neurological disorders, the aging population, increased awareness and diagnosis of strokes, and a more multidisciplinary healthcare approach.
The intravenous infusion pumps market is anticipated to experience strong growth, reaching $9.27 billion by 2029 at a CAGR of 9.6%. The growth is attributed to the increasing use of minimally invasive procedures, expansion in emerging markets, regulatory support, reimbursement, and telehealth services. Major trends include AI and image analysis integration, robotics and navigation in medical procedures, the development of patient-specific devices, and the adoption of hybrid operating rooms.
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What Are the Emerging Segments Within the Intravenous Infusion Pumps Market?
The intravenous infusion pumps market covered in this report is segmented -
1) By Product: Volumetric, Syringe, Enteral, Ambulatory, IV Disposables, Other Products
2) By Application: Chemotherapy, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Hematology, Other Applications
3) By End-User: Hospitals, Ambulatory Surgical Centers, Cancer Treatment Centers, Specialty Clinics, Other End Users
Subsegments:
1) By Volumetric: Large-volume Pumps, Small-volume Pumps
2) By Syringe: Micro Syringe Pumps, Macro Syringe Pumps
3) By Enteral: Portable Enteral Pumps, Stationary Enteral Pumps
4) By Ambulatory: Patient-controlled Analgesia (PCA) Pumps, Insulin Pumps, Disposable Pumps
5) By IV Disposables: IV Tubing Sets, IV Catheters, IV Cannulas, IV Solutions
6) By Other Products: Implantable Pumps, Smart Pumps, Elastomeric Pumps
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What Long-Term Drivers Are Shaping Intravenous Infusion Pumps Market Trends?
The rise in chronic illnesses is supporting the growth of the intravenous infusion pumps market. These pumps are vital for delivering medication for long-term diseases. Aging populations and lifestyle changes are contributing factors. According to the Australian Bureau of Statistics in March 2022, 46.6% (11.6 million people) had at least one chronic illness. This demand for efficient drug delivery systems is pushing market growth.
Who Are the Top Competitors in Key Intravenous Infusion Pumps Market Segments?
Major companies operating in the intravenous infusion pumps market include B. Braun Melsungen AG, Baxter International Inc., Medtronic plc, Fresenius Kabi AG, Smiths Medical Inc., Becton Dickinson and Company (BD), Terumo Corporation, F. Hoffmann-La Roche Ltd., ICU Medical Inc., IRadimed Corporation, Mindray Medical International Limited, Zyno Medical LLC, Tandem Diabetes Care Inc., Johnson & Johnson, Micrel Medical Devices SA, Boston Scientific Corporation, Pfizer Inc., Q-Core Medical Ltd., Moog Inc., Roche Diagnostics International AG, Nipro Corporation, Animas Corporation, Ypsomed Holding AG, Valeritas Inc., ZOLL Medical Corporation, Codan Medical A/S, Halyard Health Inc., InfuSystem Holdings Inc., Hospira Infusion Systems, CareFusion Corporation
What Intravenous Infusion Pumps Market Trends Are Gaining Traction Across Different Segments?
The growing technological advancements in intravenous infusion pumps are shaping the market. Smart pumps are revolutionizing patient care in hospitals and outpatient settings, offering safe fluid delivery and minimizing medication errors. Companies like Fresenius Kabi, Q-Core Medical, and Baxter International are investing in such smart pumps, with products like the next-generation Syringe Infusion Pumps launched by vTitan.
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Which Regions Are Becoming Hubs for Intravenous Infusion Pumps Market Innovation?
North America was the largest region in the intravenous infusion pumps market in 2023. Western Europe was the second-largest region in the intravenous infusion pumps market. The regions covered in the intravenous infusion pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Intravenous Infusion Pumps Market?
2. What is the CAGR expected in the Intravenous Infusion Pumps Market?
3. What Are the Key Innovations Transforming the Intravenous Infusion Pumps Industry?
4. Which Region Is Leading the Intravenous Infusion Pumps Market?
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