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How has the infusion pump market grown over the years?

In recent times, there has been significant growth in the size of the infusion pump market. It’s projected that this market will expand from $14.77 billion in 2024 to $15.85 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. The increases seen in the past can be traced back to factors such as an ageing population, prevalence of chronic diseases, trends in hospitalization, surgical procedures, and developments in the healthcare sector.

What Is the forecasted market size and growth rate for the infusion pump market?

In the coming years, the infusion pump market is anticipated to witness significant expansion, with its value projected to reach $22.92 billion by 2029, marking a compound annual growth rate (CAGR) of 9.7%. Several factors such as the growing trend in home healthcare, increase in ambulatory care centers, global health issues, technological advancements, and patient empowerment are fueling the growth in the anticipated period. The foreseeable future would be dominated by trends like the production of wearable infusion devices, growth in ambulatory infusion centers, tailor-made solutions for pediatric and geriatric patients, emphasis on cost-effectiveness and efficiency, and the incorporation of artificial intelligence in infusion systems.

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What are the major factors driving growth in the infusion pump market?

The escalation in the occurrence of long-term health issues, or chronic diseases, is anticipated to stimulate expansion in the infusion pump market. These chronic diseases are noncommunicable diseases (NCDs) which often slowly develop over a prolonged duration. Modern lifestyles, insufficient physical activities, decline in the quality of life, and poor dietary habits are the main contributors to the surge in the prevalence of diseases such as cancer and diabetes. Infusion pumps assist in treating these types of chronic diseases by ensuring accurate dosing and delivery of fluids and personalized treatment approaches. As per the US-based National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, in January 2023, it predicted that the global population with chronic diseases would rise to 142.66 million by 2050 from 71.522 million in 2020. Additionally, the International Diabetes Federation, encompassing over 230 national diabetes associations from more than 160 countries, has anticipated that there would be 643 million diabetics globally by 2030 and 783 million by 2045. Consequently, this increase in chronic diseases prevalence is predicted to accelerate the growth of the infusion pump market.

What key areas define the segmentation of the global 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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What are the top market players propelling the growth of the infusion pump industry?

Major companies operating in the infusion pump market include 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 shaping the future of the infusion pump market?

The burgeoning trend of technological innovation has become increasingly significant in the infusion pump market. Paramount businesses in this sector are concentrating on crafting novel tech solutions to fortify their standing. A case in point is in November 2022, when Medtronic, a US medical device firm, introduced to the world its first and unique insulin pump infusion set, called the MiniMed Quick-set Plus. Uniquely engineered with state-of-the-art constituents, it helps in reducing insulin preservative wastage and ensuring the flow and stability of insulin, thereby doubling the usage time of an infusion set. This set enjoys the distinction of being the first and sole infusion set to be FDA-approved. It is crafted to offer increased convenience and comfort to patients suffering from diabetes.

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What regions are dominating the infusion pump market growth?

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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