The Infusion Pump market is expected to cross the US$ 9.79 billion mark in 2022 and is expected to hit US$ 19.67 billion by 2030, recording a CAGR of 9.1% during the forecast period.
The rising prevalence of chronic diseases worldwide creates ample opportunities for the market to grow. For instance, the International Diabetes Federation (IDF) Diabetes Atlas, 2021 statistics reported that approximately 537 million adults (aged 20-79 years) had diabetes in 2021. Thus, with the rise in diabetic cases, there is an increased need for insulin pumps, which drives the market’s growth. Similarly, a chemotherapy infusion pump is recommended for patients with metastatic colorectal cancer that has spread to the liver. For instance, according to the GLOBOCAN 2020 statistics, there were 1.15 million new cases of colon cancer 2020 worldwide, and this number is expected to reach 1.92 million by the year 2040. Thus, increasing cancer cases will also drive the growth of infusion pumps during the forecast period.
Infusion Pump Market 2022 – 2030 report offers insights into the newest growth and trends. It summarizes crucial aspects of the market, with target on leading key player’s areas that have witnessed the highest demand, leading regions and operations. Infusion Pump market 2022 – 2030 offers qualitative as well as quantitative information data relating to the factors, challenges, and opportunities that may define the expansion of the market over the forecast period. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Top Key Players Listed in the Infusion Pump Market 2022 – 2030 Report Are:
- BD
- Baxter
- Braun
- Smiths Medical
- Medtronic
- Terumo Corporation
- Hoffmann-La Roche Ltd
- Moog Inc
- Avanos Medical, Inc.
- Insulet Corporation
Recent strategic developments in the infusion pump market
The infusion pump market has undergone several significant developments, and a few of these have been mentioned below:
- In Feb 2021, B. Braun Medical Inc. (B. Braun), received award for their Infusomat Space Large Volume Pump in KLAS for Traditional Smart Pumps category.
- In May 2021, Smiths Medical entered into exclusive partnership with Ivenix, Inc. that positions the company as the first in the U.S. to offer a comprehensive suite of infusion management solutions to meet healthcare needs across the continuum of care.
- In August 2022, Insulet Corporation received clearance from the U.S. Food and Drug Administration (FDA) for its Omnipod 5 Automated Insulin Delivery System for individuals aged two years and older with type 1 diabetes
The target audience for the report:
- Raw material providers
- Related service providers
- Related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policymakers
- End users
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented based on:
- Product:
- Accessories and Consumables
- Devices
- Application
- Oncology
- Diabetes
- Gastroenterology
- Pain Management
- Pediatrics
- Hematology
- Others
- End-user:
- Hospitals
- Home Care Settings
- Ambulatory Care Settings
- Academic and Research Institutes
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
The Infusion Pump Market 2022 – 2030 Competitive Viewpoint:
This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.
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Reason to buy this report:
• Understand the Current and future of the Infusion Pump Market in both Established and rising markets.
• The report enlightens the massive patterns, causes, and impact factors globally and regionally.
- The latestdevelopments within the Infusion Pump market and details of the industry leaders alongside their market share and methods.
• It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.
• Analysis the market’s potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.
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