The increasing prevalence of chronic diseases, including cancer and others, as well as a rise in the use of these devices as a result of infusion pumps' expanding range of applications, are major drivers of the global market for infusion pumps.
Infusion pumps are currently widely employed in the treatment of chemotherapy and diabetes, among other applications. The increasing frequency of chronic illnesses around the globe is opening up attractive potential for Infusion Pumps market participants. For instance, the IDF (International Diabetes Federation) estimates that approximately 463 million people worldwide have diabetes in 2019 and that figure is projected to rise to 700 million by 2045.
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