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 infusion pump market report forecasts the infusion pump market size to grow to $19.09 Billion by 2027, with a CAGR (compound annual growth rate) of 8%.

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Infusion Pump Market Size Forecast
The global infusion pump market is expected to grow from $12.93 billion in 2022 to $14.01 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. 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 infusion pump market size is expected to reach $19.09 billion in 2027 at a CAGR of 8%.

North America held the largest infusion pump market share.

Key Infusion Pump Market Driver ­– Rise In The Prevalence Of Chronic Diseases
According to the World Cancer Fund Research International, a UK-based non-profit organisation dedicated to cancer prevention, there will be 18,094,716 million new cases of cancer worldwide in 2020. Furthermore, the International Diabetes Federation, an organisation comprised of over 230 national diabetes organisations from over 160 nations and territories, predicted that there would be 643 million diabetics globally by 2030, rising to 783 million by 2045. As a result, an increase in the prevalence of chronic diseases will drive the growth of the infusion pump market.

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Key Infusion Pump Market Trend – Technological Advancement
To enhance their position in the infusion pump market, major players are focusing on developing innovative technical solutions. For example, in November 2022, the US-based medical device manufacturer Medtronic will release the MiniMed Quick-set Plus, the world’s first and only insulin pump infusion set. It was created with cutting-edge components that aid in minimising insulin preservative loss and maintaining insulin flow and stability to double the wear time of an infusion set. It is the first and only FDA-approved infusion set, and it is intended to make diabetes treatment more convenient and comfortable for patients.

Infusion Pump Market Segment
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 Users: Hospitals, Ambulatory Care Settings, Specialty Clinics, Home Care Settings

Infusion Pump Market Major Players and Strategies
Major players in the infusion pump market are Becton Dickinson and Company, Baxter, B Braun SE, ICU Medical, Fresenius Kabi AG, Smiths Medical, Medtronic, Moog Inc., Terumo Corporation, Insulet Corporation, Boston Scientific Corporation, Tandem Diabetes Care Inc., InfuTronix Solutions, Micrel Medical Devices SA, and Shenzhen Mindray Bio-Medical Electronics Co Ltd.

Fresenius Kabi, a Germany-based lifesaving medicines and technology firm, acquired Ivenix Inc for an unknown sum in March 2022. This acquisition will provide Fresenius Kabi with a comprehensive portfolio that includes the most modern infusion pump technology, as well as infusion supplies and accessories. Ivenix, Inc. is a manufacturer of intravenous drug infusion pump systems situated in the United States.

The Infusion Pump Global Market Report 2023 covers regional data on infusion pump market size, infusion pump market trends and drivers, opportunities, strategies, and infusion pump market competitor analysis. The countries covered in the infusion pump 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.

An infusion pump is a medical device that is used to transfer fluids into a patient’s bloodstream in a controlled manner, such as drugs or nutrition. Infusion pumps manage the rate and volume of fluid supplied to the patient using a pump mechanism.

View More Reports Related To The Infusion Pump Market –
Intravenous Infusion Pumps Global Market Report 2023
Ambulatory IV Infusion Pumps Global Market Report 2023
Implantable Infusion Pumps Global Market Report 2023

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