Infusion Pump Market by Product, Technology, Application & Setting - Global Forecast to 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Infusion Pump Market by Product [Accessories (Dedicated, Non-dedicated), Devices (Volumetric, Insulin, Syringe, Ambulatory)], Technology (Traditional, Specialty), Application (Cancer, Diabetes), & Setting (Hospital, Homecare) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The infusion pumps market is expected to reach USD 20.5 Billion by 2026 from an estimated USD 13.2 Billion in 2021, at a CAGR of 9.3%.

Based on product type, the accessories & consumables segment holds the largest market share during the forecast period.

Based on products, the infusion pumps market has been segmented into accessories & consumables and devices. The accessories & consumables segment accounted for the largest share of the infusion pumps market in 2020. The large share and high growth of this segment can be attributed to the recurrent use of accessories & consumables and the increasing adoption of infusion pumps for the delivery of medications in a controlled environment

Based on infusion pump devices, the volumetric infusion pump accounted for the highest market share during the forecast period.

Based on devices, the infusion pump market is segmented into volumetric infusion pumps, insulin pumps, enteral infusion pumps, ambulatory infusion pumps, syringe infusion pumps, patient-controlled analgesia (PCA) pumps, and implantable infusion pumps. The volumetric infusion pumps segment accounted for the largest share of the infusion pump devices market in 2020. Volumetric infusion pumps are widely used to deliver large volumes of fluid to patients. These pumps are capable of delivering fluids, blood transfusions, and total parental nutrition (TPN) to patients at continuous predetermined medium-to-high flow rates. These devices are useful for almost all areas of healthcare and are widely used for IVs.

Based on technology of infusion pump devices, the traditional pump segment is expected to register the highest CAGR during the forecast period.

Based on technology, the infusion pump devices market has been segmented into traditional infusion pumps and specialty infusion pumps market. The traditional infusion pumps segment accounted for the largest share of the infusion pump devices market in 2020. The large share of this segment is mainly due to the wide applications of traditional infusion pumps, their low cost compared to specialty infusion pumps, and their high adoption in hospitals.

Based on application, the diabetes segment is expected to register the highest CAGR during the forecast period.

Based on application, the infusion pumps market is segmented into chemotherapy/oncology, diabetes management, gastroenterology, analgesia/pain management, pediatrics/neonatology, hematology, and other applications (includes infectious diseases, autoimmune diseases, and diseases of the heart, kidney, lung, and liver). The diabetes management segment is expected to witness the highest growth rate during the forecast period. Growth in this segment is mainly driven by the increasing prevalence of diabetes and the rising demand for insulin pumps to manage diabetes in home care settings.

Based on setting, home care settings are expected to register the highest CAGR during the forecast period.

Based on setting, the infusion pumps market has been segmented into hospitals, home care settings, ambulatory care settings, and academic & research institutes. The home care settings segment is projected to register the highest CAGR during the forecast period. Technological advancements in infusion pumps have enabled the development of compact and lightweight devices that are easy to carry and operate. This, coupled with the increasing awareness and acceptance of ambulatory infusion pumps (such as disposable pumps) at home care settings to reduce hospital stays, propels the growth of the infusion pumps market for home care settings.

North America is expected to account for the largest share of the infusion pump market in 2020

Geographically, the infusion pump market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the infusion pump market in 2020. The large share of North America in the global infusion pumps market can be attributed to the rising geriatric population, increasing prevalence of diabetes, and the rapid adoption of technological advancements.

Market Dynamics

Drivers

• Rising Demand for Ambulatory Infusion Pumps in Home Care Settings
• Increasing Incidence of Chronic Diseases Along with the Rapid Growth of the Geriatric Population
• Growing Number of Surgical Procedures Performed
• Increasing Number of Icu Beds in Countries with a High prevalence of COVID-19

Restraints

• Product Recalls
• Stringent Regulatory Requirements for New Products
• Increasing Adoption of Refurbished and Rental Infusion Pumps

Opportunities

• High Growth Opportunities in Emerging Countries
• Growing Adoption of Specialty Infusion Systems

Market Challenges

• Increasing Incidence of Medication Errors and Lack of Wireless Connectivity in Most Hospitals

Companies Mentioned

• Avanos Medical, Inc.
• B. Braun Melsungen Ag
• Baxter International Inc.
• Becton, Dickinson and Company
• Codan Medizinische Gerate GmbH & Co Kg
• Epic Medical
• Fresenius Kabi
• Icu Medical
• Infutronix Solutions LLC
• Insulet Corporation
• Jms Co. Ltd.
• Medtronic plc
• Micrel Medical Devices Sa
• Mindray Medical International Limited
• Moog Inc.
• Nipro Corporation
• Roche Diagnostics
• Shenzhen Medrena Biotech Co. Ltd.
• Smiths Medical
• Sooil Development Co. Ltd.
• Tandem Diabetes Care, Inc.
• Teleflex, Inc.
• Terumo Corporation
• Ypsomed Holding Ag
• Zyno Medical LLC

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