Infusion Pumps Market Scope, New Innovations, Global Trends, Feasibility Status, Key Drivers and Future Prospects by 2030

According to a recent market study by Future Market Insights (FMI), the global  Infusion Pumps Market was estimated to be worth US$ 4.4 billion in 2022 and is projected to grow to US$ 6.6 billion by 2030 with sales revenue expected to register CAGR of 5.0% over the forecast period.

Infusion pumps are healthcare devices used for administering high-risk medication, fluids and nutrients to patients, in a controlled and conditional setting. These fluids or medicines are pumped in the patient’s body through subcutaneous, intravenous, and arterial veins. Those mostly used in hospitals are stationary infusion pumps, portable infusion pumps are wearable and can be used while on-the-go.

Several types of infusion pumps are in healthcare institutions including syringe pumps, ambulatory pumps, volumetric pumps, implantable pumps, insulin pumps, enteral pumps, and PCA pumps. Pain relievers, insulin, and chemotherapy drugs are mostly administered to patients using infusion pumps.

Request a Sample Report with Table of Contents and Figureshttps://www.futuremarketinsights.com/reports/sample/rep-gb-859

According to a recent market analysis by Future Market Research, the global infusion pumps market is projected to reach a valuation of US$ 3,552.2 Mn by 2028, expanding at a steady CAGR of 5.4% over the forecast period of 2018-2028. The report assays key drivers, restraints, and challenges shaping the global infusion pump market coupled with analysis of decisive business strategies of the top players.

Increasing pool of patients affected by chronic pain and diabetes along with emergence of technologically advanced products with improved features are likely to fuel the global infusion pumps market through 2026. North America is expected to be the largest market in the global infusion pumps market.

Presence of stringent Government regulations for new products, increasing number of product recalls that often is a resultant of medication errors associated with infusion pumps, and the increasing adoption of reconditioned and rental infusion pumps are anticipated to restrict the market growth of infusion pumps during the forecast period. User errors represent a large portion of negative feedback instances related to infusion pumps On the other hand, favorable reimbursement regulations for infusion therapies carried out in homecare settings is a major factor promoting revenue growth from the home infusion end-user segment.

Fragmented Infusion Pumps Market to Present Investment Opportunities; Acquisitions and Innovative NPD to Remain Key Forward Strategies

Key players in the global infusion pumps market include Pfizer (Hospira) Inc., Medtronic Plc., Terumo Corporation, Johnson & Johnson Private Ltd., B. Braun Melsungen AG., Smiths Medical, Baxter International Inc., and Fresenius Kabi AG. The top 5 key players contributed approximately 79% revenue share to the Infusion Pumps Market in 2017. The report on infusion pumps market offers a detailed competitive outlook along with strategy overview, SWOT analysis, and current developments.

Ask An Analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-859

Infusion pump manufacturers are constantly improving their forward integration capabilities in the value chain and establishing and enhancing distributor network. Moreover, since the infusion pumps market is highly fragmented, there is no definite leader for all categories, leaving enough scope for investment by mushrooming local players, especially in emerging economies such as China and India. Although, Medtronic is a clear market leader with close to two-third market share through 2014, it does not have a competitive edge in other categories of Syringe Infusion Pump including syringe pumps and ambulatory pumps.

Players dealing with hospital supplies are increasingly targeting the infusion pumps market for either acquiring leading companies or those facing large number of product recalls.

Incorporating Smart Technology Will Drive the Infusion Pumps Market

In terms of forward strategy, companies are manufacturing user-friendly and technologically advanced infusion pumps that can be monitored remotely. Companies are also including comprehensive drug libraries in pumps that would enable multi-directional interoperability and enhanced data safety of the instrument and patients, for better electronic health record and medication management across multi-care settings. Lastly, advanced technologies including dose error reduction system [DERS] and barcode-enabled point of care (BPOC) systems are also been incorporated in infusion pumps to prevent medication errors, thereby, driving the growth of smart infusion pumps market.

Use promo code >> FMITODAY to get flat 20% discount

Infusion Pumps Market by Category

By Product Type:

  • Syringe Pumps
  • Ambulatory Pumps
  • Volumetric Pumps
    • Peristaltic
    • Cassette/Piston
  • Implantable Pumps
  • Insulin Pumps
  • Enteral Pumps
  • PCA Pumps
  • Pump Accessories

By Application:

  • Chemotherapy/Oncology
  • Pediatrics/Neonatology
  • Analgesia
  • Gastroenterology
  • Hematology
  • Diabetes

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Home Care
  • Clinics
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle-East & Africa
  • China
  • Japan

Top More Related Reports:

DNA Synthesis Market

Point Of Care Blood Testing Devices Market

Neurostimulation Market

Chromatography Instrumentation Market

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 08-years.

Contact:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse All Reports: https://www.futuremarketinsights.com/reports

LinkedIn| Twitter| Blogs

 

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these