Smart pumps are widely used in neonatal and pediatric patients and the increasing prevalence of diseases is fueling the growth of global infusion pumps market.
According to the latest Arizton's market research report, the global infusion pumps market size to reach over USD 11 billion by 2025, growing at a CAGR of around 8% during the forecast period.
Global Infusion Pumps Market Growth
The patients undergoing knee and hip surgery are administered local anesthetic with the use of infusion pumps to manage acute pain. The increasing application of these devices across various healthcare procedures is surging the demand in the global infusion pumps market. Smart pumps are widely used in neonatal and pediatric patients and the increasing prevalence of diseases is fueling the growth of global infusion pumps market. The market offers huge growth opportunities for new companies if they develop and commercialize breakthrough devices and key players accounted for a dominant share that have superior expertise in product development and marketing.
Increase in Demand for the Ambulatory Infusion Pumps
The ongoing technology developments and new applications of ambulatory pumps, even in home healthcare settings have increased significantly, fueling the growth of the global infusion pumps market. The ability to receive therapy in the home environment instead of a hospital or clinic significantly improves the quality of life. Ambulatory infusion pumps are used to treat patients with chronic pain, infections, gastrointestinal conditions, diabetes, cancer, and other chronic conditions. With the increased application of these medical devices in ASCs and home healthcare will encourage vendors to launch innovative products in the global infusion pumps market.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, technology, usage, application, end-users, and geography
- Competitive Landscape – 7 Key Company Profiles and 38 Other Prominent Vendors
Global Infusion Pumps Market – Geographic Analysis
European countries are facing the worst hit by the diseases, especially Italy, Germany, Spain. The number of people suffering from the diseases has increased drastically, and rising demand in hospital resources such as the infusion pumps to treat the patients and stabilize the situation across the region. The demand in the European infusion pumps market has increased to three-folds during the COVID-19 outbreak. The presence of the large pool of population that requires the infusion pumps, increase in government initiatives, and funding for the healthcare infrastructure are the main factors that driving the market growth of the global infusion pumps market in Latin America.
The global infusion pumps market is fragmented with the presence of several global, regional, and local vendors offering a wide range of infusion pumps. The emergence of med-tech companies is posing threat to global players due to their innovative products and technologies. The leading players are focusing on implementing various strategies such as product launches and approvals, marketing and promotional activities, acquisitions, increased R&D investments, and strengthened distribution networks to enhance their share and presence in the global infusion pumps market. The vendors are focusing on market expansion in existing and new regions to cater the needs of a growing customer base leveraging to widen their product portfolios to boost their production capabilities to gain traction from the end-users.
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