The global infusion pumps market is anticipated to grow at a steady pace during 2016-2023. The major factors influencing the demand for infusion pumps include growth in incidence of chronic pain, diabetes, gastrointestinal disorders and other debilitating chronic diseases and conditions. Auxiliary drivers if this market include the phenomenal rise in geriatric population pool and gradual technological developments in infusion pumps.
This report studies the global infusion pumps market in terms of four segmentation types: by products, by applications, by end-users and geography. Based on product types, the infusion pumps market is studied for volumetric pumps, syringe pumps, ambulatory, enteral, insulin, implantable, patient controlled pumps and infusion pump disposables. Infusion pumps majorly find application in chemo therapy, pediatrics, pain management, gastroenterology, hematology, diabetes management. In terms of end-users, hospitals, ambulatory care, home care, and physician office and clinics are the major usage areas for infusion pumps.
Geographically, the global infusion pumps market is classified into North America, Europe, Asia-Pacific, Middle East and Africa, Latin America regional markets. Among these, North America, Europe and Asia-Pacific markets are further studied for major country-level markets.
Each of the segments thus mentioned is studied in terms of their market revenue (in USD Mn) for the period 2014-2023, with their respective compounded annual growth rates (CAGR %) for the forecast period 2016-2023. The market size forecast for these segments is provided while considering 2015 as the base year.
Apart for the quantitative information, this report also includes qualitative market information with respect to market dynamics: drivers, challenges and future prospects. Additionally this report also includes competitive analysis tools such as attractive investment proposition and fractal map analysis, by key players. This study concludes with company profiles section that highlights key information of the major companies engaged in manufacture and sale of infusion pumps in the international markets.
Product Type Segmentation Investigation
Volumetric pumps, syringe pumps, ambulatory pumps, enteral pumps, insulin pumps, implantable pumps, patient-controlled pumps, and infusion pump disposables are the product types that cumulatively make the global infusion pumps market.
Among the mentioned product types, ambulatory pumps is observed to be the largest segment in the forecast period and will also experience above the global average growth. The progress of ambulatory infusion pumps market is majorly influenced by the rising preference for portable drug infusion products and wireless support. In addition, insulin pumps will be the most rapid cash generators in the overall market, supported by the perpetual growth in diabetes prevalence. On the downside, owing to adverse reporting in terms of product malfunction and the associated caution, the market for implantable infusion pumps segment is estimated to decline during the forecast period.
Applications Segmentation Investigation
Infusion pumps represent a class of drug delivery that finds usage in several application areas. Reliability, patient compliance, advanced design, portability and efficiency in precise drug dosage are the prime factors attributing the popularity of infusion pumps. Infusion pumps due to their wide range of offered benefits have found application in various treatment areas such as oncology, pediatrics, pain management, gastroenterology, hematology and diabetes management.
Of the various application areas, highest revenue generation is observed and is further anticipated to come from pain management, chemotherapy and gastroenterology segments. Staggering rise in incidence of chronic pain, diabetes, cancer and enteric diseases are expected to support the demand for infusion pumps during the forecast period. Ergonomic design, precise dosage delivery and portability are some of the chief factors that will contribute to preference for infusion pump based drug delivery in pediatrics. Further development in reimbursement policies relating to infusion based drug delivery and better adherence and compliance to regulatory guidelines are expected to be the major future prospects that would add to the market prospects.
End-Users Segmentation Investigation
In terms of end-users, the global infusion pumps market is studied for four major segments namely, hospitals, ambulatory care, home care, and physician office and clinics.
Hospitals segment captures the largest market share among all end-users in the overall market in 2015, and it is anticipated that dominance of this segment will continue during the forecast period. Higher reimbursement in hospital care plays a key role in fuelling the demand for infusion pumps from hospitals. However, further development in reimbursement policies for home use and benefit of adherence are expected to spur the demand for home infusion pumps during the forecast period.
Development of high-end designs, better treatment adherence, efficient compliance and other such factors are expected to exhibit the future prospects of this market.
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America together make for the global infusion pumps market.
Among the considered regions, North America holds the largest market share of over 40% in the global infusion pumps market. High incidence of chronic diseases, better awareness and presence of evolved reimbursement system are the key growth facilitators to the infusion pumps market in North America. On the other hand, Asia Pacific is estimated to be the fastest growing regional market for infusion pumps. Wide presence awareness and adoption of infusion pumps in Australia and Japan has supported the foothold of infusion pumps in the rapidly developing Asia Pacific market. In addition, swift evolution of medical tourism in Asia Pacific will further open growth avenues in Asia Pacific infusion pumps market.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Infusion Pumps market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Billion |
| Segmentation | |
Products
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End-Users
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Applications
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Region Segment (2022-2032; US$ Billion)
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Key questions answered in this report
