Global Infusion Pump Market Trends, Size, Share, Forecast - 2019-2025
The global infusion pump market is growing significantly, at a CAGR of 5.0% during the forecast period (2019-2025). An infusion pump is a medical device which is used to deliver different kind of fluids, such as nutrients and medications, into a patient’s body in a controlled manner. These devices have found their wide utility in clinical settings such as hospitals, homes, and ambulatory surgical centers. The devices are to be operated by a professional user, who sets the rate, volume and duration of the fluid delivery mechanism through a built-in software interface. The infusion pumps can make delivery of vital nutrients or medications, such as antibiotics, chemotherapy drugs, insulin, and pain relievers.
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There are various pivotal factors that offer growth to the global infusion pump market, which includes rising cases of chronic diseases, such as cancer and diabetes along with the occurrence of general health disorders such as diarrhea and many others across the globe. Rising prevalence and incidence of chronic diseases have surged the demand for portable and wearable infusion devices. Chronic diseases are responsible for most of the mortalities across the globe. It is estimated by the WHO that chronic diseases will account for around 75% of all the mortalities across the globe by 2020. Such a high prevalence rate of chronic diseases reflects the demand of drugs administration, which can be effective, pain-relieving, and portable. The innovation in infusion pump, such as the evolution of smart infusion devices, which alert in case of drug interactions, has attracted different sets of customers. However, the presence of uncertain regulatory frameworks in the medical device industry hinders market growth.
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Global Infusion Pump Market Segmentation
By Product Type
Ambulatory Infusion Pumps
Syringe Pumps
Implantable Infusion Pumps
Others (Volumetric Pumps and Insulin Infusion Pumps)
By Application
Oncology
Diabetes
Gastroenterology
Analgesia
Hematology
Others (Neonatology)
By End-User
Hospitals
Home care
Ambulatory Surgery Centers
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
ARCOMED AG
Atlanta Biomedical Corp.
Avanos Medical, Inc.
B. Braun Melsungen AG
Baxter International, Inc.
Becton, Dickinson and Co.
Chemyx Inc.
Fresenius Kabi AG
IRadimed Corp.
Ivenix, Inc.
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