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Infusion Pump Market by Product, Technology, Application & Setting – Global Forecast to 2026

DUBLIN, August 12, 2021– (BUSINESS WIRE)–That “Infusion pump market by products [Accessories (Dedicated, Non-dedicated), Devices (Volumetric, Insulin, Syringe, Ambulatory)], Technology (traditional, specialty), application (cancer, diabetes) and environment (hospital, home care) – global forecast to 2026 “ Report was added to ResearchAndMarkets.com offer.

The infusion pump market is expected to reach $ 20.5 billion by 2026, down from an estimated $ 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 the products, the Infusion Pumps market has been segmented into Accessories and Consumables, and Devices. The Accessories & Consumables segment had the largest share of the infusion pump market in 2020. The high share and high growth of this segment is due to the recurring use of accessories & consumables and the increasing spread of infusion pumps for administering drugs in a controlled environment

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

Based on the 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 Pumps (PCA), and Implantable Infusion Pumps. The volumetric infusion pumps segment had the largest share of the infusion pump devices market in 2020. Volumetric infusion pumps are widely used to deliver large volumes of fluids 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 in almost all areas of healthcare and are widely used for IVs.

Based on the infusion pump device technology, the traditional pump segment is expected to have the highest CAGR during the forecast period.

Based on the technology, the Infusion Pump Devices market has been divided into the Traditional Infusion Pump Market and the Specialty Infusion Pump Market. The traditional infusion pump segment accounted for the largest share of the infusion pump device market in 2020. The large share of this segment is mainly due to the widespread use of traditional infusion pumps, their low cost compared to specialty infusion pumps and their high level of acceptance in hospitals.

Based on the application, the diabetes segment is expected to have the highest CAGR over the forecast period.

Depending on the application, the market for infusion pumps will be used in chemotherapy / oncology, diabetes management, gastroenterology, analgesia / pain management, pediatrics / neonatology, hematology and other applications (including infectious diseases, autoimmune diseases and diseases of the heart, kidney, lungs and liver). The diabetes management segment is expected to show the highest growth rate in the forecast period. Growth in this segment is mainly driven by the increasing prevalence of diabetes and the increasing demand for insulin pumps for the treatment of diabetes in home care settings.

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

Based on the setting, the Infusion Pump market has been segmented into hospitals, home care facilities, outpatient care facilities, and academic and research institutes. The home care recruitment segment is expected to have the highest CAGR during the forecast period. Technological advances in infusion pumps have enabled the development of compact and lightweight devices that are easy to transport and use. This, coupled with the increasing awareness and acceptance of ambulatory infusion pumps (such as disposable pumps) in home care facilities to reduce hospital stays, is driving the growth of the infusion pump market for home care facilities.

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

Geographically, the Infusion Pump market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America had the largest share of the infusion pump market in 2020. North America’s large share of the global infusion pump market is due to the growing geriatric population, increasing prevalence of diabetes, and the rapid adoption of technological advances.

Market dynamics

driver

  • Increasing demand for outpatient infusion pumps in home care

  • Increasing incidence of chronic diseases with the rapid growth of the geriatric population

  • Growing number of surgical interventions performed

  • Increasing number of intensive care beds in countries with a high prevalence of COVID-19

Restrictions

opportunities

Market challenges

Mentioned companies

  • Avanos Medical, Inc.

  • B. Braun Melsungen Ag

  • Baxter International Inc.

  • Becton, Dickinson and Company

  • Codan Medical Devices GmbH & Co Kg

  • Epic Medicine

  • Fresenius Kabi

  • Icu Medical

  • Infutronix Solutions LLC

  • Insulet Corporation

  • Jms Co. GmbH.

  • Medtronic plc

  • Micrel Medical Devices Sa

  • Mindray Medical International Limited

  • Moog Inc.

  • Nipro Corporation

  • Roche diagnostics

  • Shenzhen Medrena Biotech Co. Ltd.

  • Smiths Medical

  • Soil Development Co. Ltd.

  • Tandem Diabetes Care, Inc.

  • Teleflex, Inc.

  • Terumo Corporation

  • Ypsomed Holding AG

  • Zyno Medical LLC

For more information on this report, see https://www.researchandmarkets.com/r/5jk59

View source version on businesswire.com: https://www.businesswire.com/news/home/20210812005653/en/

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