The global infusion pump market is projected to exhibit a significant growth, at a CAGR of 5.0%, during the forecast period. The ability of the infusion pumps to deliver fluids at precise frequencies, volumes, and intervals make them more preferable by the medical professionals to offer medication to the patients. The major factors contributing to the growth of the market include the increasing technological advancement and its preference over other traditional methods owing to continuous insulin administration. The constant rise in the number of vendors, increasing R&D activities, a rapid rise in the technological advancements in products across the globe is expected to drive infusion pump market growth.
Browse the full report description Global Infusion Pump Market Size, Share & Trends Analysis Report by Product Type (Ambulatory Infusion Pumps, Syringe Pumps, Implantable Infusion Pumps, and Others), by Application (Oncology, Diabetes, Gastroenterology, Analgesia, Hematology, and Others), and by End-User (Hospitals, Home care, and Ambulatory Surgery Centers) and Forecast 2019-2025 at https://www.omrglobal.com/industry-reports/infusion-pump-market
The demand for ambulatory infusion pumps is growing owing to the increasing demand for home healthcare services. This demand is further attributed to the high hospitalization cost and the high incidence and prevalence of chronic diseases. Lightweight and portable ambulatory infusion pumps reduce hospital stays and support patients with continuous medication. Due to growing debilitating diseases such as Alzheimer’s and Dementia, Amyotrophic Lateral Sclerosis (ALS), Parkinson’s Disease, and Multiple Sclerosis (MS), the demand for lightweight infusion pumps is increasing in hospitals as well as homecare facilities.
Ambulatory infusion pumps are lightweight and are designed to be portable or wearable. Ambulatory infusion pumps are designed to promote patient care and safety for a variety of adult and pediatric patients and clinical care areas. Various infusion pump manufacturers provide ambulatory infusion pumps in both hospitals and home care facilities. Smiths Medical (a Smiths Group plc company), Moog Medical Devices Group, SAI Infusion Technologies, and ICU Medical offers a wide range of ambulatory infusion pumps such as CADD-Solis VIP Ambulatory Infusion Pump, CADD-Solis Ambulatory Infusion Pump with Wireless Communications, CADD-Prizm pump, and CURLIN Ambulatory Infusion Pump.
The geriatric population in economies such as Japan and China is also creating opportunities for infusion pump devices. In East and North-East Asia, the proportion of people aged 60 and over-represented 17.2% of the total population in 2016, which is expected to reach up to 36.8% by 2050. In 2016, East and North-East Asia held the largest share among people 60 years and over and Pacific occupied the second position with 16.8% of the population aged 60 years and over. The growing aging population leads to a significant rise in chronic diseases such as heart disease, cancer, and Alzheimer’s diseases. This results in fueling the adoption of an infusion pump to offer effective outcomes for patients and further encouraging the demand for infusion pumps in the region, which in turn, is driving the growth of the global infusion pump market.
Global Infusion Pump Market-Segmentation
By Product Type
By Application
By End-User
Global Infusion Pump Market– Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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