The infusion pumps market is a segment of the global medical device industry that focuses on the manufacturing and distribution of infusion pumps. These pumps are used to deliver fluids, medication, or nutrients into a patient’s body in a controlled and precise manner. Infusion pumps are commonly used in hospitals, clinics, and home healthcare settings.The Infusion Pumps Market accounted for US$ 12.34 billion in 2020 and is estimated to be US$ 24.63 billion by 2030 and is anticipated to register a CAGR of 9.90%.. An infusion pump infuses fluids, medication or nutrients into a patient’s cardiovascular system. It’s generally used intravenously, although subcutaneous, arterial and epidural infusions are occasionally used. Infusion pumps can administer fluids in ways in which would be impractically expensive or unreliable if performed manually by nursing staff. for instance , they will administer as little as 0.1 mL per hour injections (too small for a drip), injections every minute, injections with repeated boluses requested by the patient, up to maximum number per hour (e.g. in patient-controlled analgesia), or fluids whose volumes vary by the time of day. Because they will also produce quite high but controlled pressures, they will inject controlled amounts of fluids subcutaneously (beneath the skin), or epidurally (just within the surface of the central systema nervosum – a really popular local spinal anaesthesia for childbirth). There are two basic classes of pumps. Large volume pumps can pump fluid replacement like saline, medications like antibiotics or nutrient solutions large enough to feed a patient.
The report “Global Infusion Pumps Market, By Product (Devices & Pumps (Syringe Infusion Pumps, Insulin Infusion Pumps, Volumetric Infusion Pumps, Ambulatory Infusion Pumps, Patient Controlled Analgesia Pumps, Implantable Infusion Pumps, and Enteral Infusion Pumps) and Accessories & Disposables (Infusion Catheters, Valves, IV sets, Cannulas, Tubing, and Needles)), By Application (Diabetes, Gastroenterology, Analgesia & Pain Management, Chemotherapy, and Pediatrics & Neonatology), By End User (Hospitals, Home Care, and Ambulatory Surgical Centers (ASCs)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030”
Key Highlights:
- In 2021, Bexson Biomedical announced the launch of its R&D initiative to develop novel subcutaneous formulations of several different psychedelics, empathogen and other psychoactive compounds. The effort applies the company’s existing subcutaneous formulation technology to several psychoactive drug scaffolds for the treatment of mental health indications, such as PTSD and depression. The formulations are designed for controlled delivery via Bexson’s proprietary subcutaneous infusion pump technology in development with Stevanato Group, a leading global provider of drug containment, drug delivery and diagnostic solutions.
Top players;
- Fresenius SE & Co.
- KGaA
- Braun Melsungen AG
- Medtronic, Inc.
- Baxter International Inc.
- Medical International Limited
- Terumo Corporation
- Hoffmann-La Roche Ltd.
- Johnson & Johnson
- Becton
- Dickinson and Company
- ICU Medical, Inc.
Order free Sample Copy of the Report: https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/2898
Infusion Pumps Market growth
The infusion pumps market has been experiencing steady growth over the years, driven by various factors. Here are some key aspects contributing to the growth of the market:
Increasing Prevalence of Chronic Diseases: The rising incidence of chronic diseases, such as cancer, diabetes, and cardiovascular disorders, has led to a growing demand for infusion therapies. Infusion pumps are essential for the administration of medications and fluids in the treatment of these conditions, thereby driving market growth.
Growing Aging Population: The global population is aging rapidly, leading to an increased need for healthcare services. Elderly individuals often require long-term medication administration, making infusion pumps an integral part of their treatment. As the geriatric population continues to grow, the demand for infusion pumps is expected to rise significantly.
Technological Advancements: The infusion pumps market has witnessed continuous technological advancements, leading to the development of more advanced and user-friendly devices. Manufacturers are introducing smart pumps with features like wireless connectivity, integration with electronic health records, and advanced safety mechanisms. These innovations improve the accuracy, efficiency, and safety of medication delivery, fueling market growth.
Increasing Demand for Home Healthcare: There is a growing preference for home-based healthcare services due to factors such as convenience, cost-effectiveness, and the need for continuous monitoring and treatment. Infusion pumps play a crucial role in home healthcare settings, allowing patients to receive medications and fluids without hospitalization. The rising demand for home healthcare is expected to drive the adoption of infusion pumps.
Favorable Reimbursement Policies: Reimbursement policies and healthcare regulations influence the adoption of infusion pumps. Many healthcare systems and insurance providers offer reimbursement for infusion therapies, making them more accessible to patients. Favorable reimbursement policies encourage the use of infusion pumps and contribute to market growth.
Expansion in Emerging Markets: Emerging economies, particularly in Asia Pacific, Latin America, and the Middle East, are witnessing significant growth in healthcare infrastructure and expenditure. These regions are increasingly adopting advanced medical technologies, including infusion pumps, to improve patient care. The expanding healthcare sector in these regions presents opportunities for market growth.
COVID-19 Impact: The COVID-19 pandemic has also had an impact on the infusion pumps market. The increased hospitalization rates and the need for intravenous therapies during the pandemic have driven the demand for infusion pumps. Additionally, the focus on reducing the risk of cross-contamination and infection transmission has led to a higher adoption of closed-system infusion pumps, further boosting market growth.
Related report:
Positive Displacement Pumps Market is estimated to be US$ 25.8 billion by 2032 with a CAGR of 6.0% over the forecast period (2022-2032)
Oil & Gas Pumps Market is estimated to be US$ 12.01 billion by 2030 with a CAGR of 6.2% during the forecast period
About Us
Prophecy Market Insights is a leading provider of market research services, offering insightful and actionable reports to clients across various industries. With a team of experienced analysts and researchers, Prophecy Market Insights provides accurate and reliable market intelligence, helping businesses make informed decisions and stay ahead of the competition. The company’s research reports cover a wide range of topics, including industry trends, market size, growth opportunities, competitive landscape, and more. Prophecy Market Insights is committed to delivering high-quality research services that help clients achieve their strategic goals and objectives.
To know more
Contact Us:
Sales
Prophecy Market Insights
📞+1 860 531 2574
✉ Email– sales@prophecymarketinsights.com
🌐 Website- www.prophecymarketinsights.com
🌐 Blog- www.prophecyjournals.com
Follow us on: