The global Infusion Pump Market is forecast to reach USD 20.21 Billion by 2027, according to a new report by Reports and Data. The infusion pump market size is expected to grow because of the growing demand in the medical sector. The rising number of chronic diseases, including diabetes, gastroenterological disorders, and cancer across the world, is expected to drive the market growth. This equipment is used to transfer liquid into a patient’s body with accurate and fixed amounts. They are extensively used in hospitals and nursing homes to help the patient in a critical condition. Moreover, the high demand for infusion systems from the defense sector is anticipated to drive market growth.
Infusion pumps can be used for 2 purposes, including portable and stationary. Stationary infusion pumps are primarily driven by the demand from hospitals for the patients. Portable infusion pumps are wearable, and it can be used during traveling, giving it an additional advantage over stationary infusion pumps. The market growth of portable type is expected to escalate, that will minimize overall medical expenditure. However, the rising adoption of rental and refurbished infusion pumps is a major market restraint.
An infusion pump is used by a health expert, who sets the time duration and speed of the transferred liquid using a pre-installed software. The small-volume pumps focus on hormones or medication, and the large volume pumps are used to feed patients. The infusion pump delivers fluids in smaller volumes and at automated intervals, which is not possible through manual administrated fluids. It provides several medications, including pain relievers, antibiotics, insulin, and chemotherapy drugs.
Key participants include Becton, Dickinson and Company, B. Braun Melsungen AG, Baxter International Inc., Fresenius Kabi, ICU Medical, Inc., Smiths Medical, Medtronic Plc, Moog Inc., Terumo Corporation, and Avanos Medical, Inc. among others.
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The COVID-19 impact:
With Covid-19 infections increasing across the globe, the apprehensions of the shortage of essential life-saving devices and other necessary medical supplies to provide optimum care to the infected and prevent the spread of this pandemic also widens. Moreover, till treatment is developed, ventilators act as a critical treatment preference for the COVID-19 patients, who shall require essential care. Furthermore, there is a dire need for rapid manufacturing processes for a wide range of test-kits, including self-administered, antibody tests, and others.
For the purpose of this report, Reports and Data have segmented the global infusion pump market on the basis of product, application, end-user industries, and region:
Product Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
End-User Outlook (Revenue, USD Million; 2017-2027)
Regional Outlook (Revenue, USD Million; 2017-2027)
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Further key findings from the report suggest
Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Indicative Metrics Chapter 4. Infusion Pump Market Segmentation & Impact Analysis 4.1. Infusion pump Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Rising demand for ambulatory infusion pumps in home care settings 4.2.2.2. Increasing incidence of chronic diseases along with the rapid growth of the geriatric population 4.2.2.3. Growing number of surgical procedures performed 4.2.3. Market restraints analysis 4.2.3.1. Product recalls 4.2.3.2. Stringent regulatory requirements for new products 4.2.3.3. Increasing adoption of refurbished and rental infusion pumps 4.3. Technological Insights 4.4. Regulatory Framework
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