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Key Trends Reshaping the Infusion Pump Market: Technological Advancements Driving Innovation In Infusion Pump Market Industry Transformation
Infusion Pump Market Size
Infusion Pump Market Size Growth Forecast: What to Expect by 2025?
There has been a significant growth in the size of the infusion pump market over the last few years. The market, valued at $14.77 billion in 2024, is projected to increase to $15.85 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.4%. This growth trend during the historical period is a result of several factors such as the aging population, prevalence of chronic diseases, trends in hospitalization, surgical procedures, and improvements in healare.
How Will the Infusion Pump Market Size Evolve and Grow by 2029?
The market size of infusion pumps is anticipated to witness significant expansion in the coming years, surging to a substantial $22.92 billion by 2029 with a compound annual growth rate (CAGR) of 9.7%. This anticipated growth over the forecast period can be ascribed to a number of factors such as increasing home healare trends, expansion of ambulatory care centers, global health crises, technological advancements, and patient empowerment. Key trends set to shape the forecast period include the emergence of wearable infusion devices, growth of ambulatory infusion centers, personalization for pediatric and geriatric patients, emphasis on cost-efficiency, and the incorporation of artificial intelligence into infusion systems.
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What Drivers Are Propelling the Growth of Infusion Pump Market Forward?
The escalation in the occurrence of chronic illnesses is anticipated to boost the expansion of the infusion pump market. Chronic diseases pertain to ailments that are noncommunicable and persist over a prolonged period, often progressing slowly. The surge in cases of diseases such as cancer and diabetes are largely attributed to shifts in lifestyle, insufficient physical activity, a declining quality of life, and detrimental habits. Infusion pumps are implemented in the treatment of some chronic diseases, delivering precise doses and fluid amounts and enabling personalized treatments. For example, the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, stated in January 2023 that the global population with chronic diseases is predicted to reach 142.66 million by 2050, a significant increase from 71.522 million in 2020. Additionally, the International Diabetes Federation, a coalition of over 230 national diabetes groups across more than 160 countries, projected that by 2030, 643 million people globally would be diabetic and this figure would rise to 783 million by 2045. Hence, the increasing incidences of chronic illnesses will instigate the growth of the infusion pump market.
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Which Emerging Trends Are Transforming the Infusion Pump Market in 2025?
The rise of technology is a significant trend being noticed in the infusion pump market. Major players in this sector are focusing on the creation of innovative technical solutions to consolidate their market presence. For example, U.S.-based medical device firm Medtronic introduced MiniMed Quick-set Plus in November 2022, which is the first of its kind insulin pump infusion set globally. It boasts unique, advanced components designed to minimize insulin preservative loss while ensuring insulin flow and stability, thereby doubling the wear time of an infusion set. This exclusive infusion set has received FDA approval. It aims to provide a more user-friendly and comfortable experience for individuals with diabetes.
What Are the Key Segments in the Infusion Pump Market?
The infusion pump market covered in this report is segmented -
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
Subsegments:
1) By Accessories And Consumables: Infusion Sets, IV Catheters, Syringes, Safety Needles, Tubing
2) By Devices: Volumetric Infusion Pumps, Syringe Pumps, Ambulatory Infusion Pumps, PCA (Patient-Controlled Analgesia) Pumps, Insulin Pumps, Enteral Infusion Pumps
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Who Are the Key Players Shaping the Infusion Pump Market's Competitive Landscape?
Major companies operating in the infusion pump market include Becton inson 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 Geographic Markets Are Powering Growth in the Infusion Pump Market?
North America was the largest region in the infusion pump market in 2024. The regions covered in the infusion pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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