Global Infusion Pump Market – Overview

Market Research Future has released its report on the Global Infusion Pump Market which reveals that the global market is anticipated to witness a moderate CAGR of 5% during the forecast period of 2017 to 2023. The widespread and necessary use of infusion pumps across the globe for drug delivery and the delivery of other necessary fluids are expected to lead the market to an estimated evaluation of USD 9.71 Bn by the end of the review period.

Infusion pumps are witnessing increased demands in part due to the growing patient population, and the presence a significant geriatric population. The growing prevalence of chronic and fatal diseases among this massive patient population is key in the increased demand for infusion pumps. There has been an increased demand for infusion pumps in military medical units in order to offer better health facilities to soldiers injured in combat. Moreover, technological advances made by market leaders have led to innovative wireless infusion pumps. Challenged faced by the market include patient safety and the risk of improper infusion. However, with market leaders working toward the development of more reliable infusion pump systems, these challenges are expected to be mitigated to some extent.

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Global Infusion Pump Market – Dominant Players

Some of the key players in this market are: 

• 3M
• B. BRAUN MELSUNGEN AG
• Baxter
• Becton, Dickinson and Company
• Fresenius Kabi AG
• ICU Medical, Inc
• Smith’s Medical
• Terumo Medical Corporation

Global Infusion Pump Market – Segments

The Global Infusion Pump Market, in MRFR's report, has been segmented on the basis of type, application, end user, and region. By type, the market is segmented into syringe pump, ambulatory pump, and volumetric pump. The volumetric pump segment accounts for more than one-third of the total market and is the largest segment among type.

By application, the market is segmented into diabetes, gastrointestinal disorders, pediatrics, chemotherapy, and other applications. By end-user, the market is segmented into ambulatory surgical centers, hospitals and, homecare.

Global division of the market has been done by region and includes North America, Europe, Asia Pacific, and Middle East & Africa.

Global Infusion Pump Market - Regional Analysis

By region, the Global Infusion Pump Market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa.

North America accounts for the largest share of almost 41% of the global market, led by the US and Canada. Growing aging population along with the prevalence of chronic diseases in the region is favoring the growth of the market. Besides, improvement in healthcare sector is also a factor driving market growth.

Europe follows the Americas closely which is spurred by the growing burden of chronic diseases such as diabetes and cancer in the region. Germany, France, and the UK are the key contributors to the Europe market who collectively account for almost 70% share of the market.

APAC is the fastest growing market for infusion pumps. The rapid development of the healthcare sector and expanding patient base can be credited for the growth of the market.

Global Infusion Pump Market – Key Finding

• The Infusion Pump Market and is expected to reach $9.71 billion by 2023.
• Volumetric holds the largest share of 37.1% of the market.
• North America holds the largest market share of Infusion pump market and is anticipated to reach $3.49 billion by the end of forecast period.
• Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 5.4% during the forecast period.

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