Infusion Pump Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The infusion pump market is expected to register a CAGR of around 8% over the period of 2021-2027. An infusion pump is a medical device that delivers fluids, such as nutrients and medications, into a patient’s body in controlled amounts. Infusion pumps are used in hospitals & clinics, nursing homes, and the home. Furthermore, the global infusion pump market is expected to witness a CAGR of around 8% during the forecast period (2021–2027). This is mainly due to the rising demand for ambulatory infusion pumps in-home care settings, the increasing incidence of chronic diseases, and the rapid growth of the geriatric population.

COVID-19 resulted in a global burden of healthcare infrastructure as the majority of elective healthcare treatments were postponed. However, the infusion pump industry has seen an increase in growth. Infusion pumps and ventilators, which are used in ICUs, CCUs, and emergency departments, were critical during the pandemic. The shift in demand for medical devices has compelled market players to strategize their manufacturing capabilities, concentrate on new product development, and seek out optimal supply chain strategies focused on COVID-19 essentials. On the other hand, while the impact of COVID-19 on the infusion pump market is significant in comparison to other medical device markets, timely development and implementation of contingency plans is critical for business operations, particularly for key imported raw materials.

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 According to UnivDatos Market Insights (UMI)’ research report “global infusion pump market”, the market is expected to witness robust growth during the forecast period 2021-2027F. Rapid industrialization and urbanization resulting in rising electricity demand and continuous power supply are some major factors driving the market for infusion pump equipment. Thus, with the rising population, projects from different sectors are expected to increase to meet the requirements, like energy, commercial and residential space, and manufacturing units, for daily needs. For instance, the global population is estimated to reach nearly 8.5 billion by 2030, which is expected to increase global construction spending to USD 17.5 billion. Growth in construction implies a high possibility of an increase in the infusion pump market, globally.

Based on type, the market is classified into devices and accessories. Amongst them, in 2020, the devices category dominated the market and is expected to maintain its dominance throughout the forecast period. This is mainly due to the rising incidence of diabetes, chemotherapy, gastroenterology, pain management, etc. Additionally, the market growth is driven by the rising geriatric population, coupled with an unhealthy lifestyle across the globe. According to the world health organization Around, 422 million people worldwide have diabetes, the majority living in low-and middle-income countries, and 1.5 million deaths are directly attributed to diabetes each year. Both the number of cases and the prevalence of diabetes have been steadily increasing over the past few decades.

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Based on application, the market is classified into diabetes, oncology, pain management, and others. Amongst them, in 2020, the diabetes category is estimated to witness the highest CAGR for the forecast period. This is mainly due to the rising prevalence of diabetes and the increasing demand for insulin pumps for the management of diabetes in hospitals and home care settings. In addition, the oncology category is expected to hold a significant share in the market owing to the rising number of cancer patients worldwide. For instance, as per WHO, cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020.

North America to witness extensive growth

For a better understanding of the market adoption of the Infusion Pump industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America); Europe (Germany, U.K., France, Italy, Spain, and the Rest of Europe); Asia-Pacific (China, Japan, India, Rest of Asia-Pacific); and the Rest of World. In 2020. North America held the extensive market share owing to the increasing prevalence of chronic diseases such as diabetes, and CVDs, in the younger population coupled with the rising geriatric population in the region. According to the US Census Bureau analysis, the elderly population is expected to nearly double in the next 25 years. In addition, according to World Population Ageing, in 2019, the elderly population of North America was 59.9 million which is expected to reach 96.2 million by 2050.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global infusion pump market are Becton, Dickinson and Company, Baxter International (US), B. Braun, ICU Medical, Fresenius Kabi, Smiths Medical, Medtronic PLC, Avanos Medical, Inc., Nipro Corporation, Terumo Corporation.along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global infusion pump Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.      By Type (Device and Accessories)

2.      By Application (Diabetes, Oncology, Pain Management, Others)

3.      By End-User (Hospitals & Clinics, Ambulatory Surgery Centers (ASC), Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Becton, Dickinson, and Company, Baxter International (US), B. Braun, ICU Medical, Fresenius Kabi, Smiths Medical, Medtronic PLC, Avanos Medical, Inc., Nipro Corporation, Terumo Corporation.)

Key questions answered in the study:

1.      What are the current and future trends of the global infusion pump industry?

2.      How the industry has been evolving in terms of equipment and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global infusion pump industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global infusion pump suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL INFUSION PUMP MARKET COVID-19 IMPACT

6 GLOBAL INFUSION PUMP MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY END-USER

10 MARKET INSIGHTS BY REGION

11 INFUSION PUMP MARKET DYNAMICS

12 INFUSION PUMP MARKET OPPORTUNITIES

13 INFUSION PUMP MARKET TRENDS

14 DEMAND AND SUPPLY-SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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