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 2024-2031

Global Infusion Pump Market size was valued at USD 16.8 billion in 2022 and is poised to grow from USD 18.01 billion in 2023 to USD 31.41 billion by 2031, growing at a CAGR of 8.2% during the forecast period (2024-2031).

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. '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)'

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. 

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. 

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.