Infusion Pumps and Accessories Market Growth & Trends [2030]
Infusion Pumps and Accessories Market Growth & Trends [2030]
Segments - Global Infusion Pumps and Accessories Market by Product Types (Infusion Pump Types [Syringe Infusion Pumps, Volumetric Infusion Pumps, Elastomeric Infusion Pumps, Insulin Infusion Pumps, and Enteral Infusion Pumps], and Accessories/Disposables), Applications (Gastroenterology, Diabetes Management, and Hematology), End Users (Hospitals and Ambulatory Surgery Center), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :HC-4518
| 4.4 Rating
| 69 Reviews
| 192 Pages
| Format :
Report Description
The global infusion pumps and accessories market size was valued at USD 9,990 million in 2020 and is projected to expand at a CAGR of 5.4% during the forecast period, 2021-2028. The growth of the market is attributed to increasing demand in the pandemic situation during the last one – two years.
The infusion pumps are the devices used to carry nutrients or medications, fluids into a body in a organized manner. An infusion pump controls the fluids in ways that practically expensive or unreliable to performed by manually or by nursing staff. In these pandemic United States food and drugs administration (US FDA) has announced an emergency use authorization for infusion pump and accessories in the health care sector.
The Covid-19 pandemic affected the demand and supply of global infusion pumps and accessories market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines and used of infusion pump in the Covid-19 treatment is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Rising adoption of infusion pump in the chronic diseases such as cancer is estimated to drive the infusion pumps and accessories market.
- Increasing demand for home healthcare treatment in the chronic diseases is projected to drive the global infusion pump and accessories market.
- Infusion pumps are used in the chemotherapy, diabetes management and many other applications. This is estimated to drive the infusion pumps and accessories market.
- Infusion pumps are used to deliver critical fluids at high-risk medication which is projected to hamper the market.
- Errors in using the infusion pump cause serious harm to the patients and may even lead to death, this acts as a major market restraint.
Scope of Infusion Pumps and Accessories Market Report
The report on the global infusion pumps and accessories market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Infusion Pumps and Accessories Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Product Types (Infusion Pump Types [Syringe Infusion Pumps, Volumetric Infusion Pumps, Elastomeric Infusion Pumps, Insulin Infusion Pumps, and Enteral Infusion Pumps], and Accessories/Disposables), Applications (Gastroenterology, Diabetes Management, and Hematology), End-Users (Hospitals and Ambulatory Surgery Center) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Medtronic Plc.; Terumo Corporation; B. Braun Melsungen AG; Smiths Medical Inc.; Becton, Dickinson and Company |
Infusion Pumps and Accessories Market segment insights
The volumetric infusion pumps segment is projected to hold a key market share
On the basis of product types, the global infusion pumps and accessories market is bifurcated into infusion pump types and accessories/disposable. The infusion pump types segment is further segregated into syringe infusion pumps, volumetric infusion pumps, elastomeric infusion pumps, insulin infusion pumps, enteral infusion pumps, and others. The volumetric infusion pumps segment is projected to hold a key share of the market during the forecast period due to its wide application in disease management and parenteral nutrition. The volumetric infusion pump has accuracy, simplicity and more safety because of these advantages it drives the market.
The diabetes management segment is projected to expand at a considerable CAGR
Based on the applications, the market is segregated into the gastroenterology, diabetes management, and hematology. The diabetes management segment is projected to expand at a considerable CAGR during the forecast period owing to growing number of patients of type two diabetes which are dependent on the insulin infusion pump and sensor technology.
The hospital segment is expected to grow at a rapid pace
On the basis of end users, the global infusion pump and accessories market is bifurcated into hospital and ambulatory surgery center. The hospital segment is expected to grow at a rapid pace due to increasing patients stays in the hospitals from past few decades, results in increasing demand of infusion pumps for patients.
North America is anticipated to constitute a key market share
In terms of regions, the global infusion pumps and accessories market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key market share during the projected period due to rapid adoption of technologically advance products by patients and physicians.
Segments
The global infusion pumps and accessories market has been segmented on the basis of
Product Types
- Infusion pumps types
- Syringe Infusion Pumps
- Volumetric Infusion Pumps
- Elastomeric Infusion Pumps
- Insulin Infusion Pumps
- Enteral Infusion Pumps
- Accessories/Disposable
Applications
- Gastroenterology
- Diabetes Management
- Hematology
End users
- Hospitals
- Ambulatory Surgery Center
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players
- Medtronic Plc.
- Terumo Corporation
- B. Braun Melsungen AG
- Smiths Medical Inc.
- Becton
- Dickinson and Company
Competitive Landscape
Some of the key market players competing in the global infusion pumps and accessories market are Medtronic Plc.; Terumo Corporation; B. Braun Melsungen AG; Smiths Medical Inc.; Becton, Dickinson and Company
These players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Infusion Pumps and Accessories Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Infusion Pumps and Accessories Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Infusion Pumps and Accessories Market - Supply Chain
4.5. Global Infusion Pumps and Accessories Market Forecast
4.5.1. Infusion Pumps and Accessories Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Infusion Pumps and Accessories Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Infusion Pumps and Accessories Market Absolute $ Opportunity
5. Global Infusion Pumps and Accessories Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Infusion Pumps and Accessories Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Infusion Pumps and Accessories Demand Share Forecast, 2019-2026
6. North America Infusion Pumps and Accessories Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Infusion Pumps and Accessories Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Infusion Pumps and Accessories Demand Share Forecast, 2019-2026
7. Latin America Infusion Pumps and Accessories Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Infusion Pumps and Accessories Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Infusion Pumps and Accessories Demand Share Forecast, 2019-2026
8. Europe Infusion Pumps and Accessories Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Infusion Pumps and Accessories Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Infusion Pumps and Accessories Demand Share Forecast, 2019-2026
9. Asia Pacific Infusion Pumps and Accessories Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Infusion Pumps and Accessories Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Infusion Pumps and Accessories Demand Share Forecast, 2019-2026
10. Middle East & Africa Infusion Pumps and Accessories Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Infusion Pumps and Accessories Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Infusion Pumps and Accessories Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Infusion Pumps and Accessories Market: Market Share Analysis
11.2. Infusion Pumps and Accessories Distributors and Customers
11.3. Infusion Pumps and Accessories Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Medtronic Plc.
11.4.2. Terumo Corporation
11.4.3. B. Braun Melsungen AG
11.4.4. Smiths Medical Inc.
11.4.5. Becton
11.4.6. Dickinson and Company
Methodology
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