Meticulous Research®—a leading global market research company, published a research report titled, ‘Infusion Pumps Market by Type (Volumetric, Syringe, Insulin, Ambulatory [Disposable, Chemo] Implantable), Channel (Single, Multi) Application (Oncology, Pain, Diabetes, Hematology, Pediatrics) End User (Hospital, Ambulatory Care) - Global Forecast to 2030.’
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Meticulous Research® has released a new report forecasting the global infusion pumps market to grow at a CAGR of 8.3%, reaching $25.9 billion by 2030.
Key Growth Drivers: Several factors are propelling market growth:
- Demand for Ambulatory Infusion Pumps: As chronic diseases rise, so does the need for these devices.
- Aging Population: Older populations are increasingly requiring infusion therapies.
- Increase in Surgeries: A higher volume of surgical procedures globally is boosting the demand for infusion pumps.
- Home Healthcare Expansion: The growing shift toward home-based healthcare solutions is fueling market growth.
However, the market faces challenges such as frequent recalls, the growing popularity of refurbished pumps, and complex regulatory frameworks.
Opportunities and Challenges: Opportunities include emerging markets and IoT-enabled infusion systems, but concerns over medication errors and the lack of reliable wireless infrastructure in healthcare facilities pose challenges.
Market Segmentation:
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Product Type:
- Devices (including volumetric, syringe, ambulatory, and insulin pumps)
- Accessories and consumables: Expected to account for the largest share in 2023.
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Application:
- Oncology: Set to lead the market due to the growing number of cancer patients.
Geographical Insights: North America will lead the market, with the U.S. driving growth thanks to advanced technology adoption and government spending.
Key Players:
- Becton, Dickinson and Company (BD)
- B. Braun SE
- Baxter International Inc.
- Fresenius SE & Co. KGaA
- ICU Medical, Inc.
- Medtronic plc
- MOOG Inc.
- Terumo Corporation
- F. Hoffmann-La Roche Ltd
- Insulet Corporation
The infusion pumps market presents substantial opportunities, driven by advances in healthcare and emerging technologies. Strategic partnerships and innovation will play a key role in shaping its future.
About Meticulous Research®:
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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