Infusion Pumps Market Analysis
Explore In-Depth Infusion Pumps Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2030
Report Code: 12333
Explore In-Depth Infusion Pumps Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2030
The accessories and consumables category holds the larger share in the infusion pumps market in 2024, of 60%. It is also expected to witness the higher CAGR, of 7.6%, during the forecast period. This is primarily due to the availability of a broad range of accessories and consumables and their repetitive purchases, across the globe. As the number of people with chronic diseases rises, the sale of infusion pump for hospital and home use will rise. With it will increase the demand for consumables and accessories for repeated purchase, thus driving the market in this category.
The report covers the following product types:
The demand for traditional infusion pumps is projected to witness the faster growth, at a CAGR of around 7.8%, during the forecast period. They also dominate the market in 2024, with a share of 55%. This is because the demand for these pumps is increasing for delivering pain medicines, antibiotics, chemotherapeutic drugs, and hydration fluids, in-home and long-term care settings.
The below-mentioned functionalities have been analyzed:
The diabetes management category accounts for the largest revenue share in the market in 2024, and it will also witness the fastest growth over the forecast period. This is attributed to the growing prevalence of diabetes and its complications across the globe. Furthermore, innovations in diabetes management wearable technology and extended infusion period are also responsible for the major adoption of these systems.
We have studied the below-mentioned applications:
Hospitals are the largest end users, with a share in 2024. This is attributed to hospitals being the preferred places for people to get treatment and diagnosis. This is why these medical centers witness the highest patient footfall, thereby requiring a large number of infusion pumps and huge volumes of consumables and accessories. Additionally, any adverse drug reaction is best dealt with at a hospital, which is a key reason they remain patients’ most-popular choice.
The home care settings category is expected to grow at the highest rate during the forecast period. The increased prevalence of chronic diseases such as diabetes, cardiovascular diseases, and respiratory diseases; high cost of hospitalization; and growth in the elderly population and patient pool are key factors for the rapid market expansion in this category.
Insights into the following end users have been provided:
North America is the largest market for infusion pumps, globally, generating 45% revenue in 2024. The dominance of the regional market is due to the presence of well-developed healthcare infrastructure, high acceptance of technologically improved products, and growth in the geriatric population.
Moreover, in Europe, diabetes is becoming more common among people of all ages. As per the WHO, by 2045, 1 in 10 people in the region will have this common endocrine disorder Therefore, the need for providing cost-effective and better healthcare solutions and services to the increasing diabetic population has raised the demand for insulin delivery devices in the region.
The APAC market will witness the fastest growth in the coming years, at 8.0% CAGR. The regional market is growing mainly due to the surging prevalence of lifestyle diseases including diabetes and obesity, the rising awareness about diabetes management, and the increasing healthcare spending. Moreover, expanding government efforts, particularly in populous countries like China and India, development in the field of contemporary healthcare infrastructure, and increasing understanding about the use of infusion pumps are further propelling the market in the region.
The following regions and countries are covered:
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