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Market Research Report
Product code
1070514
Infusion Pumps & Accessories Market by Type, Application, and End User : Global Opportunity Analysis and Industry Forecast, 2021--2030 |
Infusion Pumps & Accessories Market by Type, Application, and End User : Global Opportunity Analysis and Industry Forecast, 2021--2030 |
Published: March 9, 2022
Allied Market Research
Content info: 294 Pages
Delivery time: 2-3 business days
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The infusion pumps & accessories market was valued at $8138.49 million in 2020, and is estimated to reach $13,264.18 million by 2030, growing at a CAGR of 5.0% from 2021 to 2030.
Infusion pumps are medical devices, which are used to deliver fluids, nutrients, or medications, such as insulin and other hormones, chemotherapy drugs, antibiotics, and pain relievers into a patient's body at preset intervals in accurate dosages. The infused fluids and medications play vital role in therapeutics or medical treatments, and are widely used in healthcare settings such as patient, outpatient, private clinics, and at-home settings.
Increase in prevalence of chronic diseases, such as cancer and diabetes and rise in healthcare expenditure are major factors that contribute in the growth of the infusion pumps & accessories market. Moreover, other factors that fuel the market growth include, increase in adoption of infusion pumps products and rise in geriatric population. In addition, many companies are increasing their market presence by expanding their business across new markets. For instance, in March 2021, JMS CO. Ltd. launched a new syringe pump designed for eternal nutrition applications. These aforementioned factors drive the growth of the infusion pumps & accessories market.
Furthermore, increase in awareness towards home healthcare, surge in production of infusion pumps, and increase in awareness among people about the use of infusion pumps are factors that boost the market growth. According to International Diabetes Federation in 2019, approximately 463 million people lived with diabetes. Thus, rise in number of diabetes patients and advancements in infusion pumps product development are expected to drive the growth of the market.
Conversely, technological advancement and companies efforts to launch new product pipeline in emerging economies are expected to offer lucrative growth opportunities in the infusion pumps & accessories market. Whereas, stringent government regulations for the approval of infusion pump devices and risks associated with infusion therapies are anticipated to hinder the market growth. People, nowadays, are more health conscious, which in turn, compels them to maintain their health condition and thus, increase the demand for home healthcare products. This encourages many key players to enter emerging markets and offers a lucrative growth opportunity in the infusion pumps & accessories market.
The infusion pumps & accessories market is segmented on the basis of type, application, end user, and region. By type, the market is categorized into devices & pumps and accessories & disposables. Furthermore, the devices & pumps segment is divided into syringe infusion pumps, insulin infusion pumps, volumetric infusion pumps, ambulatory infusion pumps, patient controlled analgesia pumps, implantable infusion pumps, and enteral infusion pumps. The accessories & disposables segment is divided into infusion catheters, valves, IV sets, cannulas, tubing, needles, and other disposables.
By application, it is fragmented into diabetes, gastroenterology, analgesia & pain management, chemotherapy, pediatrics & neonatology, and others.
By End user, it is divided into hospitals, homecare, ambulatory surgical centers, and others.
By Product
By Application
By End User
By Region