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Infusion Pumps & Accessories Market is estimated to reach $9,512 million | Scope and overview, Boosting Technologies, Industry Growth Analysis, Demand Status, Industry Trends up to 2031

Infusion pumps are medical devices, which are used to deliver fluids, nutrients or medications, such as insulin and other hormones, chemotherapy drugs, antibiotics, and pain relievers into a patient’s body at preset intervals in accurate dosages. The infused fluids and medications play vital role in therapeutics or medical treatments, and are widely used in healthcare settings such as patient, outpatient, private clinics, and at-home settings.

The global infusion pumps & accessories market was valued at $6,478 million in 2016, and is estimated to reach $9,512 million at a CAGR of 5.6% from 2021 to 2026.

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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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The major factors that drive the growth of the market include high prevalence of chronic diseases, rise in adoption rate of portable infusion pump to reduce hospital expenditure, increase in geriatric population, wide range of applications of infusion pumps, and development of the home healthcare market. However, several errors associated with infusion pumps leading to product recalls and stringent government regulations for the approval of pumps hamper the market growth. Conversely, development of efficient medical devices and surge in adoption of infusion systems in the developing economies are expected to offer lucrative opportunities for the market growth during the forecast period.

The global infusion pumps & accessories market is classified on the basis of product, application, end user, and region. According to product, the market is segmented into devices & pumps and accessories & consumables. The devices & pumps segment is further segmented into syringe infusion pump, insulin infusion pumps, volumetric infusion pumps, ambulatory infusion pumps, patient controlled analgesia pumps, implantable infusion pumps, and enteral infusion pumps.

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Accessories & disposables are subsegmented into infusion catheters, valves, IV sets, cannulas, tubing, needles, and others. On the basis of application, the market is categorized into diabetes, gastroenterology, analgesia & pain management, chemotherapy, pediatrics & neonatology, and others. By end user, it is fragmented into hospitals, home healthcare, ambulatory surgical centers, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global infusion pumps and accessories market with current trends and future estimations from 2016 to 2023 to elucidate the imminent investment pockets.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global & regional scale are provided.
Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.

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Key Market Segments

By Product

Devices & Pumps
Syringe Infusion Pumps
Insulin Infusion Pumps
Volumetric Infusion Pumps
Ambulatory Infusion Pumps
Patient Controlled Analgesia Pumps
Implantable Infusion Pumps
Enteral Infusion Pumps
Accessories & Disposables
Infusion Catheters
Valves
IV sets
Cannulas
Tubing
Needles
Others

By Application

Diabetes
Gastroenterology
Analgesia & Pain Management
Chemotherapy
Pediatrics & Neonatology
Others

By End User

Hospitals
Home Care
Ambulatory Surgical Centers (ASCs)
Others

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By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

LIST OF KEY PLAYERS PROFILED IN THE REPORT

Baxter International Inc.
B.Braun Melsungen
Fresenius SE & Co.
Smiths Medical
Johnson & Johnson
Becton, Dickinson and Company
ICU Medical, Inc.
CME Medical UK Limited
Moog, Inc.
Terumo Corporation

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What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.

Reports on the market include the growth rates of each region, which includes their countries, over the coming years.

How are the key players in the market assessed?

This report provides a comprehensive analysis of leading competitors in the market.

The report includes information about the key vendors in the market.

The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.

The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.

A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

Following are the questions answered by the Market report:

What are the goals of the report?

This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.

On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.

The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.

The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.

The research report includes various factors contributing to the market’s growth.

The report analyzes the growth rate, market size, and market valuation for the forecast period.

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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Updated : 2022-01-25 16:50 GMT+08:00

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