Key Drivers and Opportunities in the Wearable Infusion Pumps Market: Insights into Trends and Growth
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What Long-Term Growth Rate is Expected for the Wearable Infusion Pumps Market Between 2025 and 2034?
The market size for wearable infusion pumps has seen significant growth in the past few years. It is projected to increase from $1.37 billion in 2024 to $1.51 billion in 2025, with a compound annual growth rate (CAGR) of 9.8%. Factors contributing to this growth during the historic period include a rise in chronic diseases, an increasing elderly population, a rise in worldwide healthcare expenditure, enhanced awareness and education, along with advancements in drug formulations.
The market for wearable infusion pumps is anticipated to witness significant expansion in the upcoming years, with the market value projected to reach $2.16 billion in 2029, with a compound annual growth rate (CAGR) of 9.5%. The expected growth during the forecast period may be due to an increase in chronic illnesses, a rising worldwide elderly population, heightened patient inclination towards less invasive treatment alternatives, as well as the progress and advancement of healthcare facilities in developing markets. In the forecast period, major trends are expected to include the incorporation of state-of-the-art technologies, the creation of smaller and less conspicuous devices, personalizable infusion settings and dosage modifications, and improved data analysis.
What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the Wearable Infusion Pumps Market?
The rise in chronic diseases is predicted to fuel the expansion of the wearable infusion pump market. Chronic diseases are enduring health ailments that typically evolve slowly and persist for more than a year, often necessitating consistent medical care. Major chronic diseases encompass conditions such as cancer, diabetes, heart disease, and arthritis. Due to a blend of genetic, environmental, and lifestyle factors, like an unhealthy diet, sedentary lifestyle, and exposure to detrimental substances, these chronic diseases are becoming more common. Wearable infusion pumps help chronic disease patients by ensuring a steady, accurate administration of medicines, promoting adherence, and refining treatment procedures. As an example, the National Health Service, a publicly funded healthcare system in England, reported in June 2024 that 3,615,330 individuals were registered with a GP for non-diabetic hyperglycemia, or pre-diabetes, in 2023. This marks an 18% escalation from 3,065,825 in 2022, signifying a significant annual spike in pre-diabetes diagnoses. Therefore, as chronic diseases become more widespread, it’s expected to stimulate the growth of the wearable infusion pump market.
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What Are the Key Firms That Are Driving Transformation in the Wearable Infusion Pumps Market?
Major companies operating in the wearable infusion pumps market are Fresenius SE & Co. KGaA, Medtronic Plc, Medline Industries Inc., Becton Dickinson and Company, Baxter International Inc., B. Braun Melsungen AG, Nipro Corporation, ICU Medical Inc., Insulet Corporation, Sorenson Medical, Avanos Medical Inc., Vygon SA, pfm medical GmbH, Eitan Medical, Micrel Medical Devices SA, Zyno Medical LLC, Q-Core Medical Ltd., Epic Medical Solutions, MOOG Inc., Smiths Medical International Ltd
What Current Trends in the Wearable Infusion Pumps Market Should Industry Players Pay Attention To?
Leading businesses in the wearable infusion pump market are spearheading innovative advancements such as tubeless, wearable, and disposable insulin pumps. The aim is to increase patient comfort, amplify adherence to treatments, and deliver more refined and unobtrusive insulin delivery alternatives for controlling diabetes. The pump, small and adherable to the skin, consistently delivers insulin sans external tubes and is replaced periodically. A case in point is the February 2023 release of EOPatch by GulfDrug LLC, a healthcare firm based in the UAE. This ground-breaking product is a tubeless, wearable, and disposable insulin pump which is operated directly from Android and iOS smartphones using the Narsha app. The product is designed with features like 84 hours of continuous insulin delivery, reducing the replacement cycle to just twice a week, and compatibility with particular blood glucose meters via Bluetooth. The Narsha app, the pioneer smartphone application verified for these uses, integrates insulin delivery regulation and diabetes data management, nullifying the requirement for a separate controller.
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How Are the Key Segments of the Wearable Infusion Pumps Market Driving Opportunities and Innovations?
The wearable infusion pumpsmarket covered in this report is segmented –
1) By Type: Electronic Ambulatory Infusion Pumps, Patient-Controlled Analgesia (PCA) Pumps, Large Volume Pumps, Syringe Pumps, Other Types
2) By Usage: Disposable, Reusable
3) By Application: Diabetes, Antibiotic Infusion, Chemotherapy, Pain Management, Parkinson’s Disease, Other Applications
Subsegments:
1) Electronic Ambulatory Infusion Pumps: Portable Infusion Pumps, Implantable Infusion Pumps
2) Patient-Controlled Analgesia (PCA) Pumps: Continuous PCA Pumps, Demand PCA Pumps
3) Large Volume Pumps: Volumetric Pumps, Gravity Pumps
4) Syringe Pumps: Infusion Syringe Pumps, Ambulatory Syringe Pumps
5) Other Types: Insulin Pumps, Chemotherapy Pumps
What Regions Are Driving Expansion in the Wearable Infusion Pumps Market?
North America was the largest region in the wearable infusion pump market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wearable infusion pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does the Definition of the Wearable Infusion Pumps Market Include?
A wearable infusion pump is a portable medical device designed to deliver precise doses of medication or fluids over an extended period of time. It is typically worn on the body and provides continuous or intermittent infusion, offering convenience and flexibility for patients.
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