USD 13.74 billion
Infusion Pump Market Size, Share, Growth Analysis, By Product(Accessories And Consumables [Accessories and Consumables (Volumetric infusion pump dedicated disposables, Insulin pump dedicated disposables, Enteral infusion pump dedicated disposables, Syringe infusion pump dedicated disposables), By Setting(Hospitals, Home Care Settings, Ambulatory Care Settings, Academic and Research Institutes), By Application(Chemotherapy/Oncology, Diabetes Management, Gastroenterology, Analgesia/Pain Management), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2184 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
95
|Figures:
76
Infusion Pump Market Insights
Infusion Pump Market size was valued at USD 18.01 Billion in 2023 and is poised to grow from USD 19.49 Billion in 2024 to USD 33.99 Billion by 2032, growing at a CAGR of 8.2% during the forecast period (2025-2032).
The infusion pump market is witnessing substantial growth owing to the launch of insulin pumps by major players in the industry such as Insulate Corporation and Medtronic. The major causes for this growth are the increasing prevalence of chronic diseases, advances in drug delivery technologies, and increasing adoption of these devices in emerging economies. This pump is one of the medical devices that administer the patient exactly the amount of fluid, nutrients, and drugs needed by the body. These are made specifically to perform unique functions, such as nutrition delivery through enteral feeding pumps, insulin administration through insulin pumps, and painkiller delivery through PCA pumps.
In addition, the healthcare sector is expected to expand its growth rate in the infusion pump market due to rising demand. The market is expected to grow with a rise in the rate of chronic disorders such as diabetes, cancer, and gastrointestinal disorders across the globe. This device is utilized in the medical sector to transfer accurately defined amounts of liquid into the body of a patient. It can often be used widely in hospitals and nursing homes for patients in a weak state of health. This is going to hike up the demand for infusion systems in the defense sector, and industrial expansion will follow suit.
US Infusion Pump Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
7% CAGR
Global Infusion Pump Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Infusion Pump Market Segmental Analysis
Global Infusion Pump Market is segmented by Product, Setting, Application, and region. Based on Product, the market is segmented into Accessories and Consumables, and devices. Based on Setting, the market is segmented into Hospitals, Home Care Settings, Ambulatory Care Settings, and Academic and Research Institutes. Based on Application, the market is segmented into Chemotherapy/Oncology, Diabetes Management, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Hematology, and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Infusion Pump Market Analysis by Application
The diabetes segment dominated the infusion pump market in 2023, holding the largest market share. This phenomenal growth is mainly driven by the overall increasing incidence of diabetes globally, besides increasing regulatory approvals related to new modes of administering insulin. One such notable instance is the recent FDA approval awarded to F. Hoffmann-La Roche Ltd will send its Accu-Chek Solo micropump, an elegantly light, tubeless insulin pump, to customers in September 2023. The new device promises patients a practically much more substantial and efficient option for administering their insulin. Improving user convenience and increasing adherence in turn, the Accu-Chek Solo micropump stands at the forefront of changing the face of diabetes management.
The oncology segment is going to witness an immense growth with the increased launching of new products and rising rates of various malignancies. Some 20 million new cases of cancer and 9.7 million deaths from the disease were reported in 2022, statistics released by the World Health Organization (WHO) in February 2024 show. This means that a more significant demand for advanced treatments and technology is nearing. With the escalating cancer population, the well-established companies as well as the new entrants have little choice but to innovate and introduce new drugs and diagnostic technologies to improve patient outcome. New product launches are anticipated to drive growth in this critical health care industry.
Infusion Pump Market Analysis by End User
In 2023, the hospitals segment dominated the market infusion pump market. Key drivers of hospitals' dominance include strong bargaining power to acquire expensive infusion devices, a huge number of patients frequently attending these facilities, and an educated workforce equipped to use complex pumps. The dominance is supported by high patient inflow who require intravenous treatment in hospitals. Hospitals are investing in high-end infusion technology because of the need for accurate and reliable drug delivery and the concern with the safety of patients that underlies their role as leading purchaser in the health system. Thus, this segment dominated the market.
Homecare settings are, however, anticipated to grow at the fastest CAGR over the forecast period. The major growth drivers are the surging utilization of ambulatory infusion pumps and the increases in site-of-care management-an effort to reduce the overall expenditure pressure on healthcare systems. The benefits of home-based treatment, wherein both ease and comfort take precedence, are being increasingly accepted by both caregivers and patients. Furthermore, numerous government programs to reduce healthcare expenditure through extended hospital stays would boost demand for infusion systems in the homecare settings, thus favoring growth of this infusion pump market in the years ahead.
Global Infusion Pump Market Size by End-Users, 2021 (%)
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Infusion Pump Market Regional Insights
North America is a significant region in the infusion pump market due to several significant factors. Specialty infusion pumps are used highly in this region, especially for the control of chronic diseases, such as controlling diabetes and cancer. The demand is further necessitated by the increasingly aging population of North America, in which people spend most of their time requiring more intensive health care. The established health care sectors in the infusion pump market, focused on safety, make a distinction through advanced technologies, but sustained health care innovation expenditures are contributing to the growing U.S. market since they help ensure leadership in this crucial industry.
European region is expected to witness considerable growth due to integration of smart pumps and electronic medical records in healthcare facilities. All these developments significantly enhance patient safety and monitoring capabilities apart from improvements in efficiency and accuracy in medicine administration. In addition, investment from the European Union, sourced from its public and private sectors, should be one that boosts R&D in the biotechnology field. Further, the new and inspiring technologies based on these investments will be what will boost further market growth as a way of how health care providers seek to look for more efficient ways to satisfy the demands presented to them by their patients.
Global Infusion Pump Market By Geography, 2021 - 2028
- Largest
- Fastest
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Infusion Pump Market Dynamics
Infusion Pump Market Drivers
Increasing Incidence of Chronic Disease
- The infusion pump market is highly influenced by the growing incidence of chronic diseases such as diabetes, cancer, and cardiovascular diseases. More and more patients require long-term care, and the devices become more crucial when there is the need for accuracy and reliability in drug delivery. The ability of infusion pumps to allow precise dosing and continuous infusions makes them indispensable in the management of complex treatment regimens. This trend is especially common in geriatric populations, which have many chronic conditions. The infusion pump industry is growing because healthcare providers are increasingly making use of advanced infusion technologies to increase safety, make procedures go faster, and advance patient care.
Technological Innovation
- Infusion pump technology innovation is what drives the market. New developments in precision of drug delivery and safety for the patient include smart infusion pumps with dosage error-reduction devices and integrated electronic medical records. These pumps decrease the chance of problems caused by an incorrect dosage by being monitored in real-time with alarms. Further, the ambulatory and portable infusion pumps promote significantly more flexibility in patient care. These infusion pumps allow for treatment in various environments such as home care and, thus, the demand for these advanced devices expected to continue to rise since patient-centered care is gaining utmost importance to health care systems which will, in turn, promote the infusion pump market growth.
Restraints
High Charges and Reimbursement Problem
- One of the critical limiting factors of this infusion pump industry is that these devices and their maintenance are very costly. The high cost of advanced infusion pumps, particularly smart pumps, may be too expensive for smaller or less well-funded healthcare organizations to invest in. Other barriers to adoption include payment issues; not all insurance plans cover infusion pumps entirely, and this adds to the challenge of spreading costs for consumers and providers. This may impede full adoption rate realization, especially where budget constraints are more restrictive or health care resources are limited, and this may impact infusion pump market growth in the future.
Regulatory Compliance and Approvals
- Such regulatory requirements about infusion pumps may lead to a queuing problem in the clearance process of new products. A manufacturer's process gets entangled in long and complicated procedures to get the obligatory certification, ensuring that products fulfill safety standards of several organizations, including the FDA and EMA. Such a long lead time for approval might also deter investment in the manufacture of new products as taking up of the latest technology is behind schedule and development costs become high. The producers are bound to shift rapidly under the changing legislations which would introduce complexity and uncertainty in their business. These issues could further limit the entry of new players into the market and decelerate the pace of innovation.
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Infusion Pump Market Competitive Landscape
The infusion pump industry is dominated by a good number of several significant players providing a wide variety of pump types in various application areas. Despite this being an extremely fragmented industry, companies such as Baxter, Medtronic, and Becton Dickinson can still hold market leadership within their product segment. The significant winning imperatives to be focused would include enlarging the product portfolio both organically and inorganically and strengthening the distribution networks globally, particularly in emerging countries such as China, Brazil, and India. Increased pressure on prices can help to force regional companies to bring their competition to this space. Other important players in this paper are B. Braun Melsungen AG and icumedical.
Top Players in the Infusion Pump Market
- Becton, Dickinson and Company (US)
- Baxter International Inc. (US)
- B. Braun Melsungen AG (Germany)
- Fresenius Kabi (Germany)
- Medtronic PLC (Ireland)
- Terumo Corporation (Japan)
- Nipro Corporation (Japan)
- Avanos Medical, Inc. (US)
- Insulet Corporation (US)
- Tandem Diabetes Care, Inc. (US)
- JMS Co., Ltd. (Japan)
- Roche Diagnostics (Switzerland)
- Moog, Inc. (US)
- Teleflex, Inc. (US)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- Ypsomed Holding AG (Switzerland)
- Micrel Medical Devices SA (Greece)
- Zyno Medical LLC (US)
- Infutronix (US)
- Epic Medical (US)
- Sooil Development Co., Ltd. (South Korea)
- Shenzhen Medrena Biotech Co., Ltd. (China)
- Codan Medizinische Gerate GmbH & Co. KG (Germany)
- Eitan Medical (Israel)
Recent Developments in Infusion Pump Industry
- In August 2023, the FDA in the US approved ICU Medical Inc's Plum Duo infusion pump, which has LifeShield infusion safety software.
- In November 2022, Medtronic launched the Extended Infusion set. It is designed to infuse insulin for seven days of use.
- In April 2021, in some European countries Medtronic launched the first-ever and only infusion set, which can be used for up to seven days. The new set transfers insulin from the pump to the human body. This new set supports all the MiniMed Insulin Pumps of 600 and 700 series.
Infusion Pump Key Market Trends
Transition to Home HealthCare:
- Home care is deeply affecting the infusion pump market. Patients prefer home over hospitals because of convenience and lower treatment cost. This change brings along a requirement for portable, patient-friendly infusion devices that could be used by patients or caregivers. They are concentrating their production lines on infusion pumps that can be used at the patient's home to try and cut down on congestion in hospitals and related costs. Manufacturers are now focusing more on infusion pumps that are designed for home use to enhance access and patient self-management of chronic diseases.
Incorporation of Digital Health Technologies:
- Infusion systems now have a new trend due to incorporation of digital health technologies. Smart infusion pumps relate to electronic health records and mobile applications, allowing real-time data to be shared and monitored, therefore increasing patient safety and the effectiveness of treatment. It is because of this integration that healthcare professionals make better decisions due to monitoring the patient's development and making timely adjustments to the therapy given. In addition, apart from infusion pumps, telemedicine platforms are increasingly being leveraged to increase patient engagement and adherence to treatment protocols. This poses growth opportunities for infusion pump markets because the healthcare system is to remain more open to further digital evolution that will improve care quality.
Infusion Pump Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global infusion pump market analysis, market in North America was valued at US$ 3.52 billion. The regional market is characterised by greater diabetes diagnosis and treatment rates, as well as high adoption of ambulatory pumps and attractive reimbursement policies. The advancement of medical device technology in the North America region is boosting the market growth. The number of surgical procedures conducted around the world has increased significantly over the years. This can be ascribed to an ageing population as well as an increase in the prevalence of obesity and other lifestyle disorders due to which number of surgical procedures are increasing.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 16.8 billion |
| Market size value in 2031 | USD 31.41 billion |
| Growth Rate | 8.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Infusion Pump Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Infusion Pump Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Infusion Pump Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Infusion Pump Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Infusion Pump Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Infusion Pump Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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