Global Ambulatory IV infusion Pumps Market
Medical Equipment

Ambulatory IV infusion Pumps Market Size, Share, And Growth Rate Analysis 2023

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s ambulatory IV infusion pumps market report forecasts the ambulatory IV infusion pumps market size to grow to $0.93 Billion by 2027, with a CAGR (compound annual growth rate) of more than 3%.

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Ambulatory IV infusion Pumps Market Size Forecast
The global ambulatory IV infusion pumps market is expected to grow from $0.78 billion in 2022 to $0.81 billion in 2023 at a compound annual growth rate (CAGR) of 3.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ambulatory iv infusion pumps market size is expected to grow to $0.93 billion in 2027 at a CAGR of 3.5%.

North America held the largest ambulatory IV infusion pumps market share.

Key Ambulatory IV infusion Pumps Market Driver ­– Rise In The Prevalence Of People With Chronic Pain, Cancer, And Diabetes
Chronic illnesses and disorders are on the rise around the world. An aging population and shifts in social behavior lead to a gradual increase in these widespread and expensive long-term medical issues. An ambulatory IV infusion pump is a medical device that transfers regulated doses of nutrients or drugs into a patient’s body, such as chemotherapy medicines, pain relievers, antibiotics, insulin, or other hormones, at home. The prevalence of chronic diseases is expected to increase by 57% by 2020, according to the World Health Organization. Therefore, the rise in the prevalence of chronic diseases is expected to drive the growth of the ambulatory IV infusion pumps market.

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Key Ambulatory IV infusion Pumps Market Trend – Developing Smart Infusion Pumps
Companies in the ambulatory IV infusion pump market are increasingly focusing on developing smart infusion pumps. The use of wireless technology in health monitoring devices is increasing, which enhances the ease of usage, connectivity, and data analysis. The integration of wireless technology allows the transfer of data from the device to a smartphone or a wireless device through Bluetooth or cellular connection for data processing and then to display the results, which can be used for further study and to check the health condition of the individual. Software platforms are being developed that allow patient monitoring and reduce human error.

Ambulatory IV infusion Pumps Market Segment
1) By Type: Disposable Infusion Pumps, Chemotherapy Infusion Pump
2) By End-User: Hospitals, Home Healthcare, Other End Users
3) By Application: Chemotherapy/Oncology, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Hematology, Other Applications

Ambulatory IV infusion Pumps Market Major Players and Strategies
Major players in the ambulatory IV infusion pumps market are Baxter International, B. Braun Holding GmbH & Co. KG, Becton, Dickinson and Company, Smith Medical, Terumo Corporation, Fresenius Kabi, Medtronic, ICU MEDICAL Inc., IRadimed Corporation, and Mindray.

In March 2022, Fresenius Kabi, a German pharmaceutical company, acquired Ivenix for $240 million upfront payment and milestone payments. The acquisition will accelerate innovation, expand, and drive infusion therapy portfolio and improve infusion capabilities of both the companies. Ivenix is a US-based manufacturer of advanced infusion pumps.

The Ambulatory IV infusion Pumps Global Market Report 2023 covers regional data on ambulatory IV infusion pumps market size, ambulatory IV infusion pumps market trends and drivers, opportunities, strategies, and ambulatory IV infusion pumps market competitor analysis. The countries covered in the ambulatory IV infusion pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Ambulatory IV infusion pumps are portable medical devices used for controlled delivery of medication into the patient’s body.

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