Analyst Viewpoint
Rise in incidence of degenerative spine conditions and surge in demand for precise administration of fluids are expected to propel the infusion pumps market size during the forecast period. Increase in geriatric population is also boosting demand for infusion pumps as this population group is at a high risk of chronic diseases such as diabetes and cancer.
Smart infusion pumps are gaining traction in the industry as these pumps help increase the intake of essential nutrients such as vitamins, minerals, and proteins. These pumps aid in monitoring various parameters of the body. Vendors are focused on launching customizable products to expand their customer base.
Patients contracting chronic illnesses need continuous treatment and care. This requires technologies for monitoring, administering, and tracking medications. Underdosage or overdosage is a cause of medical negligence. Scrutinous technologies are needed for helping in administering the right quantity of medical fluids to the body. Thus, demand for seamless discharge of medical fluids is expected to catalyze the infusion pumps market dynamics in the near future.
Insulation pumps, PCA pumps, and enteral pumps are various types of infusion pumps. Arterial administration as well as cutaneous administration of fluids or liquids is effortlessly possible through infusion pumps. Demand for continuous infusion pumps is high in the global infusion pumps industry as these pumps allow to alter the timing of infusion. Implementation of stringent regulations regarding incorporation of pumps delay the process of approval of new pumps. This, in turn, is likely to limit the infusion pumps market growth in the next few years. In August 2019, Fresenius Kabi recalled Vigilant Agilia drug library and Volumat MC Agilia infusion pump due to errors in infusion alarm. Such recalls also lead to market limitations.
Increase in geriatric population is proliferating spine degeneration; thereby driving the demand for ambulatory infusion pumps. Intravenous infusion pumps are used for administering intensive fluids and various other high-risk medications. These pumps can also administer minerals, vitamins, amino acids, and other essential micronutrients, thereby providing collateral nutrition.
Technological innovations in smart infusion pump systems have led to upgradation in the form of controlled delivery, drug libraries, automation, and other patient safety features. Around 18% of the global population is expected to turn geriatric by 2050, which is projected to drive the market expansion during the forecast period.
Infusion pumps come with built-in alarms and safety precautions. Alarms are programmed to activate in case of any mishaps. There are certain disorders that cannot be treated through oral administration of drugs. They include congestive heart failure, cancer, and immunological deficiencies. Infusion therapy helps in precise administration of fluids. The patient undergoing chemotherapy could benefit from infusion of fluids using these pumps. Thus, increase in demand for precise administration of fluids is fueling the global market progress.
According to the latest infusion pumps market forecast, North America is expected to hold largest share from 2023 to 2031. Growth in prevalence of chronic ailments, such as diabetes and cancer, and increase in geriatric population are fueling the market value of the region. According to the Centers for Disease Control and Prevention (CDC), 11.6% of the U.S. citizens suffer from diabetes.
Rise in deployment of smart/portable infusion pumps is propelling the infusion pumps market statistics in Europe. In September 2022, Insulet announced that its Omnipod 5 system received CE mark, thereby rendering it available throughout Europe. It obtained clearance for the treatment of type-1 diabetes in children and adults.
The industry in Asia Pacific is estimated to grow at a rapid pace during the forecast period. Expansion in medical tourism in India, China, and Japan is driving the infusion pumps market revenue in the region.
Major infusion pump manufacturers are investing in the R&D of new products to expand their product portfolio. They are also adopting M&A, partnership, joint venture, and collaboration strategies to increase their global market share.
ICU Medical Inc., Tandem Diabetes Care, Inc., Medtronic plc, Terumo Corporation, F. Hoffmann-La Roche AG, Baxter International, BD, Fresenius Kabi AG, B. Braun SE, and Insulet Corporation are key entities operating in this market. These companies have been profiled in the market report based on parameters such as company overview, business strategies, financial overview, product portfolio, and business segments.
Attribute | Detail |
---|---|
Market Value in 2022 (Base Year) | US$ 10.3 Bn |
Market Forecast Value in 2031 | US$ 15.6 Bn |
Growth Rate (CAGR) | 4.6% |
Forecast Period | 2023-2031 |
Quantitative Units | US$ Bn for Value and Units for Volume |
Market Analysis | Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis. |
Competition Landscape |
|
Regions Covered |
|
Market Segmentation |
|
Companies Profiled |
|
Scope for Customization | Available upon Request |
Pricing | Available upon Request |
It was valued at US$ 10.3 Bn in 2022
It is projected to grow at a CAGR of 4.6% from 2023 to 2031
Rise in incidence of degenerative spine conditions and surge in demand for precise administration of fluids
Diabetes management held the largest share in 2022
North America is estimated to hold largest share from 2023 to 2031
ICU Medical Inc., Tandem Diabetes Care, Inc., Medtronic plc, Terumo Corporation, F. Hoffmann-La Roche AG, Baxter International, BD, Fresenius Kabi AG, B. Braun SE, and Insulet Corporation
1. Executive Summary
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Infusion Pumps Market
4. Market Overview
4.1. Market Segmentation
4.1.1. Segment Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Infusion Pumps Market Analysis and Forecast, 2023-2031
5. Key Insights
5.1. Pipeline Analysis
5.2. Disease Prevalence & Incidence Rate Globally with Key Countries
5.3. COVID-19 Pandemic Impact on Industry
6. Infusion Pumps Market Analysis and Forecast, by Product
6.1. Introduction and Definitions
6.2. Key Findings/Developments
6.3. Market Value & Volume Forecast, by Product, 2023–2031
6.3.1. Insulation Pumps
6.3.2. PCA Pumps
6.3.3. Enteral Pumps
6.3.4. Others
6.4. Market Attractiveness, by Product
7. Infusion Pumps Market Analysis and Forecast, by Application
7.1. Introduction and Definitions
7.2. Key Findings/Developments
7.3. Market Value & Volume Forecast, by Application, 2023–2031
7.3.1. Diabetes Management
7.3.2. Pain Management
7.3.3. Chemotherapy
7.3.4. Others
7.4. Market Attractiveness, by Application
8. Global Infusion Pumps Market Analysis and Forecast, by End-user
8.1. Introduction and Definitions
8.2. Key Findings/Developments
8.3. Market Value & Volume Forecast, by End-user, 2023–2031
8.3.1. Hospitals
8.3.2. Ambulatory Care Settings
8.3.3. Home Care Settings
8.3.4. Others
8.4. Market Attractiveness, by End-user
9. Global Infusion Pumps Market Analysis and Forecast, by Region
9.1. Key Findings
9.2. Market Value & Volume Forecast, by Region, 2023–2031
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Latin America
9.2.5. Middle East & Africa
9.3. Market Attractiveness, by Region
10. North America Infusion Pumps Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value & Volume Forecast, by Product, 2023–2031
10.2.1. Insulation Pumps
10.2.2. PCA Pumps
10.2.3. Enteral Pumps
10.2.4. Others
10.3. Market Attractiveness, by Product
10.4. Market Value & Volume Forecast, by Application, 2023–2031
10.4.1. Diabetes Management
10.4.2. Pain Management
10.4.3. Chemotherapy
10.4.4. Others
10.5. Market Attractiveness, by Application
10.6. Market Value & Volume Forecast, by End-user, 2023–2031
10.6.1. Hospitals
10.6.2. Ambulatory Care Settings
10.6.3. Home Care Settings
10.6.4. Others
10.7. Market Attractiveness, by End-user
10.8. Market Value & Volume Forecast, by Country, 2023–2031
10.8.1. U.S.
10.8.2. Canada
10.9. Market Attractiveness Analysis
10.9.1. By Product
10.9.2. By Application
10.9.3. By End-user
10.9.4. By Country
11. Europe Infusion Pumps Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value & Volume Forecast, by Product, 2023–2031
11.2.1. Insulation Pumps
11.2.2. PCA Pumps
11.2.3. Enteral Pumps
11.2.4. Others
11.3. Market Attractiveness, by Product
11.4. Market Value & Volume Forecast, by Application, 2023–2031
11.4.1. Diabetes Management
11.4.2. Pain Management
11.4.3. Chemotherapy
11.4.4. Others
11.5. Market Attractiveness, by Application
11.6. Market Value & Volume Forecast, by End-user, 2023–2031
11.6.1. Hospitals
11.6.2. Ambulatory Care Settings
11.6.3. Home Care Settings
11.6.4. Others
11.7. Market Attractiveness, by End-user
11.8. Market Value & Volume Forecast, by Country/Sub-region, 2023–2031
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Market Attractiveness Analysis
11.9.1. By Product
11.9.2. By Application
11.9.3. By End-user
11.9.4. By Country/Sub-region
12. Asia Pacific Infusion Pumps Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value & Volume Forecast, by Product, 2023–2031
12.2.1. Insulation Pumps
12.2.2. PCA Pumps
12.2.3. Enteral Pumps
12.2.4. Others
12.3. Market Attractiveness, by Product
12.4. Market Value & Volume Forecast, by Application, 2023–2031
12.4.1. Diabetes Management
12.4.2. Pain Management
12.4.3. Chemotherapy
12.4.4. Others
12.5. Market Attractiveness, by Application
12.6. Market Value & Volume Forecast, by End-user, 2023–2031
12.6.1. Hospitals
12.6.2. Ambulatory Care Settings
12.6.3. Home Care Settings
12.6.4. Others
12.7. Market Attractiveness, by End-user
12.8. Market Value & Volume Forecast, by Country/Sub-region, 2023–2031
12.8.1. China
12.8.2. Japan
12.8.3. India
12.8.4. Australia & New Zealand
12.8.5. Rest of Asia Pacific
12.9. Market Attractiveness Analysis
12.9.1. By Product
12.9.2. By Application
12.9.3. By End-user
12.9.4. By Country/Sub-region
13. Latin America Infusion Pumps Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value & Volume Forecast, by Product, 2023–2031
13.2.1. Insulation Pumps
13.2.2. PCA Pumps
13.2.3. Enteral Pumps
13.2.4. Others
13.3. Market Attractiveness, by Product
13.4. Market Value & Volume Forecast, by Application, 2023–2031
13.4.1. Diabetes Management
13.4.2. Pain Management
13.4.3. Chemotherapy
13.4.4. Others
13.5. Market Attractiveness, by Application
13.6. Market Value & Volume Forecast, by End-user, 2023–2031
13.6.1. Hospitals
13.6.2. Ambulatory Care Settings
13.6.3. Home Care Settings
13.6.4. Others
13.7. Market Attractiveness, by End-user
13.8. Market Value & Volume Forecast, by Country/Sub-region, 2023–2031
13.8.1. Brazil
13.8.2. Mexico
13.8.3. Rest of Latin America
13.9. Market Attractiveness Analysis
13.9.1. By Product
13.9.2. By Application
13.9.3. By End-user
13.9.4. By Country/Sub-region
14. Middle East & Africa Infusion Pumps Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Market Value & Volume Forecast, by Product, 2023–2031
14.2.1. Insulation Pumps
14.2.2. PCA Pumps
14.2.3. Enteral Pumps
14.2.4. Others
14.3. Market Attractiveness, by Product
14.4. Market Value & Volume Forecast, by Application, 2023–2031
14.4.1. Diabetes Management
14.4.2. Pain Management
14.4.3. Chemotherapy
14.4.4. Others
14.5. Market Attractiveness, by Application
14.6. Market Value & Volume Forecast, by End-user, 2023–2031
14.6.1. Hospitals
14.6.2. Ambulatory Care Settings
14.6.3. Home Care Settings
14.6.4. Others
14.7. Market Attractiveness, by End-user
14.8. Market Value & Volume Forecast, by Country/Sub-region, 2023–2031
14.8.1. GCC Countries
14.8.2. South Africa
14.8.3. Rest of Middle East & Africa
14.9. Market Attractiveness Analysis
14.9.1. By Product
14.9.2. By Application
14.9.3. By End-user
14.9.4. By Country/Sub-region
15. Competition Landscape
15.1. Market Player – Competition Matrix (By Tier and Size of Companies)
15.2. Market Share Analysis, by Company (2022)
15.3. Company Profiles
15.3.1. ICU Medical Inc.
15.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.1.2. Product Portfolio
15.3.1.3. Financial Overview
15.3.1.4. SWOT Analysis
15.3.1.5. Strategic Overview
15.3.2. Tandem Diabetes Care, Inc.
15.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.2.2. Product Portfolio
15.3.2.3. Financial Overview
15.3.2.4. SWOT Analysis
15.3.2.5. Strategic Overview
15.3.3. Medtronic plc
15.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.3.2. Product Portfolio
15.3.3.3. Financial Overview
15.3.3.4. SWOT Analysis
15.3.3.5. Strategic Overview
15.3.4. Terumo Corporation
15.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.4.2. Product Portfolio
15.3.4.3. Financial Overview
15.3.4.4. SWOT Analysis
15.3.4.5. Strategic Overview
15.3.5. F. Hoffmann-La Roche AG
15.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.5.2. Product Portfolio
15.3.5.3. Financial Overview
15.3.5.4. SWOT Analysis
15.3.5.5. Strategic Overview
15.3.6. Baxter International
15.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.6.2. Product Portfolio
15.3.6.3. Financial Overview
15.3.6.4. SWOT Analysis
15.3.6.5. Strategic Overview
15.3.7. BD
15.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.7.2. Product Portfolio
15.3.7.3. Financial Overview
15.3.7.4. SWOT Analysis
15.3.7.5. Strategic Overview
15.3.8. Fresenius Kabi AG
15.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.8.2. Product Portfolio
15.3.8.3. Financial Overview
15.3.8.4. SWOT Analysis
15.3.8.5. Strategic Overview
15.3.9. B. Braun SE
15.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.9.2. Product Portfolio
15.3.9.3. Financial Overview
15.3.9.4. SWOT Analysis
15.3.9.5. Strategic Overview
15.3.10. Insulet Corporation
15.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.10.2. Product Portfolio
15.3.10.3. Financial Overview
15.3.10.4. SWOT Analysis
15.3.10.5. Strategic Overview
List of Tables
Table 1: Global Infusion Pumps Market Value (US$ Bn) Forecast, by Product, 2023–2031
Table 2: Global Infusion Pumps Market Volume (Units) Forecast, by Product, 2023–2031
Table 3: Global Infusion Pumps Market Value (US$ Bn) Forecast, by Application, 2023–2031
Table 4: Global Infusion Pumps Market Value (US$ Bn) Forecast, by End-user, 2023–2031
Table 5: Global Infusion Pumps Market Value (US$ Bn) Forecast, by Region, 2023–2031
Table 6: North America Infusion Pumps Market Value (US$ Bn) Forecast, by Country, 2023–2031
Table 7: North America Infusion Pumps Market Value (US$ Bn) Forecast, by Product, 2023–2031
Table 8: North America Infusion Pumps Market Volume (Units) Forecast, by Product, 2023–2031
Table 9: North America Infusion Pumps Market Value (US$ Bn) Forecast, by Application, 2023–2031
Table 10: North America Infusion Pumps Market Value (US$ Bn) Forecast, by End-user, 2023–2031
Table 11: Europe Infusion Pumps Market Value (US$ Bn) Forecast, by Country/Sub-region, 2023–2031
Table 12: Europe Infusion Pumps Market Value (US$ Bn) Forecast, by Product, 2023–2031
Table 13: Europe Infusion Pumps Market Volume (Units) Forecast, by Product, 2023–2031
Table 14: Europe Infusion Pumps Market Value (US$ Bn) Forecast, by Application, 2023–2031
Table 15: Europe Infusion Pumps Market Value (US$ Bn) Forecast, by End-user 2023–2031
Table 16: Asia Pacific Infusion Pumps Market Value (US$ Bn) Forecast, by Country/Sub-region, 2023–2031
Table 17: Asia Pacific Infusion Pumps Market Value (US$ Bn) Forecast, by Product, 2023–2031
Table 18: Asia Pacific Infusion Pumps Market Volume (Units) Forecast, by Product, 2023–2031
Table 19: Asia Pacific Infusion Pumps Market Value (US$ Bn) Forecast, by Application, 2023–2031
Table 20: Asia Pacific Infusion Pumps Market Value (US$ Bn) Forecast, by End-use, 2023–2031
Table 21: Latin America Infusion Pumps Market Value (US$ Bn) Forecast, by Country/Sub-region, 2023–2031
Table 22: Latin America Infusion Pumps Market Value (US$ Bn) Forecast, by Product, 2023–2031
Table 23: Latin America Infusion Pumps Market Volume (Units) Forecast, by Product, 2023–2031
Table 24: Latin America Infusion Pumps Market Value (US$ Bn) Forecast, by Application, 2023–2031
Table 25: Latin America Infusion Pumps Market Value (US$ Bn) Forecast, by End-use 2023–2031
Table 26: Middle East & Africa Infusion Pumps Market Value (US$ Bn) Forecast, by Country/Sub-region, 2023–2031
Table 27: Middle East & Africa Infusion Pumps Market Value (US$ Bn) Forecast, by Country/Sub-region, 2023–2031
Table 28: Latin America Infusion Pumps Market Volume (Units) Forecast, by Product, 2023–2031
Table 29: Middle East & Africa Infusion Pumps Market Value (US$ Bn) Forecast, by Application, 2023–2031
Table 30: Middle East & Africa Infusion Pumps Market Value (US$ Bn) Forecast, by End-user 2023–2031
List of Figures
Figure 1: Global Infusion Pumps Market Value (US$ Bn) Forecast, 2023–2031
Figure 2: Global Infusion Pumps Market Value Share Analysis, by Product, 2022 and 2031
Figure 3: Global Infusion Pumps Market Attractiveness Analysis, by Product, 2023–2031
Figure 4: Global Infusion Pumps Market Value Share Analysis, by Application, 2022 and 2031
Figure 5: Global Infusion Pumps Market Attractiveness Analysis, by Application, 2023–2031
Figure 6: Global Infusion Pumps Market Value Share Analysis, by End-user, 2022 and 2031
Figure 7: Global Infusion Pumps Market Attractiveness Analysis, by End-user 2023–2031
Figure 8: Global Infusion Pumps Market Value Share Analysis, by Region, 2022 and 2031
Figure 9: Global Infusion Pumps Market Attractiveness Analysis, by Region, 2023–2031
Figure 10: North America Infusion Pumps Market Value (US$ Bn) Forecast, 2023–2031
Figure 11: North America Infusion Pumps Market Value Share Analysis, by Product, 2022 and 2031
Figure 12: North America Infusion Pumps Market Attractiveness Analysis, by Product, 2023–2031
Figure 13: North America Infusion Pumps Market Value Share Analysis, by Application, 2022 and 2031
Figure 14: North America Infusion Pumps Market Attractiveness Analysis, by Application, 2023–2031
Figure 15: North America Infusion Pumps Market Value Share Analysis, by End-user, 2022 and 2031
Figure 16: North America Infusion Pumps Market Attractiveness Analysis, by End-user 2023–2031
Figure 17: North America Infusion Pumps Market Value Share Analysis, by Country, 2022 and 2031
Figure 18: North America Infusion Pumps Market Attractiveness Analysis, by Country, 2023–2031
Figure 19: Europe Infusion Pumps Market Value (US$ Bn) Forecast, 2023–2031
Figure 20: Europe Infusion Pumps Market Value Share Analysis, by Product, 2022 and 2031
Figure 21: Europe America Infusion Pumps Market Attractiveness Analysis, by Product, 2023–2031
Figure 22: Europe Infusion Pumps Market Value Share Analysis, by Application, 2022 and 2031
Figure 23: Europe Infusion Pumps Market Attractiveness Analysis, by Application, 2023–2031
Figure 24: Europe Infusion Pumps Market Value Share Analysis, by End-user, 2022 and 2031
Figure 25: Europe Infusion Pumps Market Attractiveness Analysis, by End-user 2023–2031
Figure 26: Europe Infusion Pumps Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 27: Europe Infusion Pumps Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 28: Asia Pacific Infusion Pumps Market Value (US$ Bn) Forecast, 2023–2031
Figure 29: Asia Pacific Infusion Pumps Market Value Share Analysis, by Product, 2022 and 2031
Figure 30: Asia Pacific America Infusion Pumps Market Attractiveness Analysis, by Product, 2023–2031
Figure 31: Asia Pacific Infusion Pumps Market Value Share Analysis, by Application, 2022 and 2031
Figure 32: Asia Pacific Infusion Pumps Market Attractiveness Analysis, by Application, 2023–2031
Figure 33: Asia Pacific Infusion Pumps Market Value Share Analysis, by End-user, 2022 and 2031
Figure 34: Asia Pacific Infusion Pumps Market Attractiveness Analysis, by End-user 2023–2031
Figure 35: Asia Pacific Infusion Pumps Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 36: Asia Pacific Infusion Pumps Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 37: Latin America Infusion Pumps Market Value (US$ Bn) Forecast, 2023–2031
Figure 38: Latin America Infusion Pumps Market Value Share Analysis, by Product, 2022 and 2031
Figure 39: Latin America Infusion Pumps Market Attractiveness Analysis, by Product, 2023–2031
Figure 40: Latin America Infusion Pumps Market Value Share Analysis, by Application, 2022 and 2031
Figure 41: Latin America Infusion Pumps Market Attractiveness Analysis, by Application, 2023–2031
Figure 42: Latin America Infusion Pumps Market Value Share Analysis, by End-user, 2022 and 2031
Figure 43: Latin America Infusion Pumps Market Attractiveness Analysis, by End-user, 2023–2031
Figure 44: Latin America Infusion Pumps Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 45: Latin America Infusion Pumps Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 46: Middle East & Africa Infusion Pumps Market Value (US$ Bn) Forecast, 2023–2031
Figure 47: Middle East & Africa America Infusion Pumps Market Value Share Analysis, by Product, 2023–2031
Figure 48: Middle East & Africa America Infusion Pumps Market Attractiveness Analysis, by Product, 2023–2031
Figure 49: Middle East & Africa Infusion Pumps Market Value Share Analysis, by Application, 2022 and 2031
Figure 50: Middle East & Africa Infusion Pumps Market Attractiveness Analysis, by Application 2023–2031
Figure 51: Middle East & Africa Infusion Pumps Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 52: Middle East & Africa Infusion Pumps Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 53: Global Infusion Pumps Market Share Analysis, by Company (2022)