USD 5.3 billion
Global Intravenous Infusion Pump Market Size, Share, Growth Analysis, By By Product(Volumetric Infusion Pumps, Insulin Infusion Pumps), By By Disease Indication(Chemotherapy, Diabetes) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2492 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
72 |
Figures:
80
Global Intravenous Infusion Pump Market Insights
Global Intravenous Infusion Pump Market size was valued at USD 5.3 billion in 2022 and is poised to grow from USD 5.74 billion in 2023 to USD 10.86 billion by 2031, growing at a CAGR of 8.3% during the forecast period (2024-2031).
The global intravenous (IV) infusion pump market has experienced significant growth, driven by the increasing prevalence of chronic diseases, a growing aging population, and advancements in medical technology. Intravenous infusion pumps are crucial medical devices used to deliver fluids, medications, and nutrients directly into patients' bloodstream in a controlled and precise manner. Key factors propelling the market include the rising demand for home healthcare services, where patients require continuous infusion therapies, and the need for accurate drug administration in clinical settings. The market is also fueled by the push for reducing medication errors, enhancing patient safety, and improving treatment outcomes. As healthcare continues to evolve, the IV infusion pump market's future relies on the development of user-friendly, connected devices that prioritize patient safety and treatment efficiency. The ongoing integration of data-driven technologies and patient-centric designs is expected to shape the market's trajectory, catering to the evolving needs of both healthcare providers and patients.
US Intravenous Infusion Pump Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Volumetric Infusion Pumps
Fastest Growth
Volumetric Infusion Pumps
Growth Rate
8.3% CAGR
Global Intravenous Infusion Pump Market ($ Bn)
Country Share for North America Region (%)
Global Intravenous Infusion Pump Market By Product ($ Bn)
Global Intravenous Infusion Pump Market By Product (%)
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Global Intravenous Infusion Pump Market Segmental Analysis
The Global Intravenous Infusion Pump Market is segmented on the basis of Product, Disease Indication, and region. By Product, the market is segmented into Volumetric Infusion Pumps, Insulin Infusion Pumps, Syringe Infusion Pumps, Enteral Infusion Pumps, Ambulatory Infusion Pumps, Patient Controlled Analgesia (PCA), Implantable Infusion Pumps, Others. By Disease Indication, the market is segmented into Chemotherapy, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Hematology, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Intravenous Infusion Pump Market Analysis By Product
In the global intravenous infusion pump market, the Volumetric Infusion Pumps segment stands out as the dominant product category. Volumetric infusion pumps are widely used in healthcare settings to accurately deliver fluids, medications, and nutrients to patients at a controlled rate. Their precision and versatility make them essential devices in hospitals, clinics, and other medical facilities, driving their dominance in the market.
On the other hand, among the fastest-growing segments is the Ambulatory Infusion Pumps category. Ambulatory infusion pumps are portable devices that allow patients to receive intravenous medications or fluids outside of the hospital setting, providing flexibility and freedom. These pumps are particularly beneficial for patients with chronic conditions or those undergoing long-term treatments who need to maintain their daily activities while receiving medical infusions. The convenience and patient-centered approach of ambulatory infusion pumps contribute to their rapid growth in the market.
Intravenous Infusion Pump Market Analysis By Disease Indication
In the global Intravenous Infusion Pump market, Among the disease indications in the global intravenous infusion pump market, Chemotherapy stands out as the dominant segment. Chemotherapy involves the administration of potent drugs to treat cancer, and intravenous infusion pumps play a crucial role in accurately delivering these medications in controlled doses. The complexity and importance of chemotherapy procedures make it a primary driver for the demand of advanced infusion pump technologies.
On the other hand, the Diabetes segment is experiencing the fastest growth within the market. The rising prevalence of diabetes globally has led to an increased demand for accurate and efficient insulin delivery systems. Intravenous infusion pumps offer precise and automated insulin administration, enhancing patient care and management of this chronic condition. As the incidence of diabetes continues to rise, the demand for infusion pumps tailored to diabetes treatment is expected to grow rapidly.
Global Intravenous Infusion Pump Market By Product, 2023 (%)
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Global Intravenous Infusion Pump Market Regional Insights
The global Intravenous Infusion Pump market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America, particularly the United States, holds a dominant position in the global intravenous infusion pump market. This can be attributed to the region's advanced healthcare infrastructure, extensive adoption of medical technologies, and high healthcare expenditure. The demand for infusion pumps is driven by the prevalence of chronic diseases, a growing aging population, and the need for efficient drug administration in clinical settings. Moreover, strong regulatory frameworks and favorable reimbursement policies in North America have contributed to the market's dominance.
As for the fastest growing segment, Asia-Pacific is experiencing rapid growth in the intravenous infusion pump market. Countries like China, India, and Japan are witnessing increasing healthcare investments, rising awareness about advanced medical treatments, and improving access to healthcare facilities. As these economies expand, the demand for quality healthcare services, including advanced medical devices like infusion pumps, is rising significantly. Additionally, increasing instances of chronic diseases and the need for accurate drug administration in diverse healthcare settings are fueling the adoption of infusion pumps in the region. The Asia-Pacific's robust economic growth and expanding healthcare sector position it as the fastest-growing market for intravenous infusion pumps.
Global Intravenous Infusion Pump Market By Region, 2024-2031
- Largest
- Fastest
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Global Intravenous Infusion Pump Market Dynamics
Intravenous Infusion Pump Market Drivers
Rising Chronic Diseases and Aging Population:
- The increasing prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disorders, coupled with a globally aging population, drives the demand for intravenous (IV) infusion pumps. These devices are essential for administering medications, fluids, and nutrients accurately to patients requiring long-term treatments, contributing to better disease management and improved patient outcomes.
Technological Advancements:
- Advances in medical technology have led to the development of smart and programmable IV infusion pumps. These pumps offer features like dose accuracy, wireless connectivity, remote monitoring, and customizable treatment protocols. Such technological enhancements enhance patient safety, reduce medication errors, and streamline healthcare professionals' workflows, fostering the adoption of IV infusion pumps in various clinical settings.
Intravenous Infusion Pump Market Restraints
High Costs and Maintenance:
- Intravenous infusion pumps, especially advanced models, can be expensive to purchase and maintain. The initial investment, as well as ongoing costs for calibration, maintenance, and training, can strain healthcare budgets. This can be a barrier for healthcare facilities, particularly in resource-limited settings or regions with constrained healthcare budgets.
Safety Concerns and Regulatory Compliance:
- Ensuring the safe and accurate use of IV infusion pumps is paramount, given the potential risks associated with incorrect dosages or pump malfunctions. Stringent regulatory requirements and the need for healthcare facilities to adhere to safety standards can create challenges in terms of staff training, compliance management, and adapting to evolving regulations. Instances of pump-related errors or recalls can lead to hesitancy in adoption and concerns over patient safety.
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Global Intravenous Infusion Pump Market Competitive Landscape
The global Intravenous Infusion Pump market is characterized by robust competition among key players striving to innovate and capture a significant share of the market. Prominent companies such as Becton, Dickinson and Company, Baxter International Inc., Medtronic plc, B. Braun Melsungen AG, and Fresenius Kabi AG dominate the landscape. These market leaders focus on product development, advanced technology integration, and strategic partnerships to enhance their product portfolios and gain a competitive edge. They also invest in research and development to improve pump accuracy, user interfaces, and safety features. Regional players and emerging companies contribute to the competitive landscape by offering specialized solutions, cost-effective options, and catering to specific market segments. Regulatory compliance, product reliability, and patient safety remain paramount in this industry, influencing customer trust and market positioning. The global intravenous infusion pump market's competitiveness is further accentuated by the increasing demand for efficient drug delivery systems and the ongoing technological advancements in healthcare. As healthcare providers prioritize accurate and controlled infusion, the competition among companies in this market is expected to remain intense.
Intravenous Infusion Pump Market Top Player’s Company Profile
- Becton, Dickinson and Company (USA)
- B. Braun Melsungen AG (Germany)
- Fresenius Kabi AG (Germany)
- Baxter International Inc. (USA)
- Medtronic plc (Ireland)
- Johnson & Johnson (USA)
- Terumo Corporation (Japan)
- ICU Medical, Inc. (USA)
- Smiths Medical (USA)
- Roche Holding AG (Switzerland)
- Moog Inc. (USA)
- Nipro Corporation (Japan)
- Zyno Medical (USA)
- Mindray Medical International Limited (China)
- Teleflex Incorporated (USA)
- Hospira, Inc. (USA)
- Halyard Health, Inc. (USA)
- Smiths Group plc (UK)
- Vygon Group (France)
- Micrel Medical Devices SA (Greece)
- Caesarea Medical Electronics Ltd. (Israel)
- Sino Medical-Device Technology Co., Ltd. (China)
- Tricumed Medizintechnik GmbH (Germany)
- Coopdech (Thailand)
- Q Core Medical Ltd. (Israel)
Intravenous Infusion Pump Market Recent Developments
- In April 2023, Becton, Dickinson and Company (BD) announced the launch of its new Alaris® SmartPump with SmartCare™ software. The Alaris® SmartPump is a volumetric infusion pump that is designed to be more precise and efficient than previous generations of BD infusion pumps. The SmartCare™ software provides real-time data on the performance of the pump, which can help to improve patient safety.
- In May 2023, Baxter International Inc. announced the launch of its new Sigma Spectrum™ infusion pump. The Sigma Spectrum™ is a syringe infusion pump that is designed to be more portable and user-friendly than previous generations of Baxter infusion pumps. The pump also features a number of new safety features, such as a built-in alarm system that alerts the user if the pump is not operating properly.
- In June 2023, B. Braun Melsungen AG announced the launch of its new Infusomat® Space infusion pump. The Infusomat® Space is a volumetric infusion pump that is designed to be more compact and lightweight than previous generations of B. Braun infusion pumps. The pump also features a number of new features, such as a built-in touchscreen display and a wireless connectivity option.
- In July 2023, ICU Medical, Inc. announced the launch of its new V.I.P.® 360 infusion pump. The V.I.P.® 360 is a volumetric infusion pump that is designed to be more flexible and adaptable than previous generations of ICU Medical infusion pumps. The pump can be used for a variety of applications, including continuous and intermittent infusions, and it features a number of new safety features, such as a built-in alarm system that alerts the user if the pump is not operating properly.
- In August 2023, Fresenius Kabi AG announced the launch of its new Vialon® infusion pump. The Vialon® is a syringe infusion pump that is designed to be more durable and reliable than previous generations of Fresenius Kabi infusion pumps. The pump is also designed to be more user-friendly, with a simplified user interface and a number of new safety features.
Global Intravenous Infusion Pump Key Market Trends
- Smart and Connected Infusion Pumps: The integration of technology and connectivity in intravenous infusion pumps has gained significant momentum. These smart pumps offer features such as dose calculation assistance, wireless connectivity to electronic health records (EHR) systems, and real-time monitoring of infusion parameters. This trend enhances patient safety, improves workflow efficiency for healthcare providers, and allows for remote monitoring and adjustments. The shift towards digital healthcare solutions has driven the adoption of smart infusion pumps that can help prevent medication errors and streamline the administration process.
- Home Healthcare and Ambulatory Infusion: There is a growing demand for intravenous infusion pumps in home healthcare settings and ambulatory care. Patients with chronic conditions often require long-term intravenous therapies, and the convenience and comfort of receiving these treatments at home are becoming increasingly appealing. Intravenous infusion pumps designed for home use are user-friendly, portable, and equipped with safety features to ensure accurate and safe delivery of medications. This trend reflects a broader shift in healthcare towards patient-centered care and reducing hospital stays, contributing to the market's expansion beyond traditional healthcare facilities.
Global Intravenous Infusion Pump Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Intravenous Infusion Pump market analysis, the market has experienced substantial growth due to the increasing prevalence of chronic diseases, aging populations, and advancements in medical technology. IV infusion pumps are crucial in delivering accurate and controlled dosages of fluids and medications, improving patient care and safety. North America is a prominent market due to established healthcare infrastructure and higher healthcare spending. Asia-Pacific has shown significant growth as healthcare systems modernize and access to medical treatment improves. Market players are focused on developing technologically advanced pumps with features like wireless connectivity, smart alarms, and integration with electronic health records. This enhances patient monitoring and reduces the risk of errors. Challenges include stringent regulatory requirements and concerns about cybersecurity in connected devices. The market's future depends on continued innovation, adoption of smart healthcare solutions, and the global healthcare industry's overall growth trajectory. As patient care remains a priority, the demand for accurate and efficient IV infusion pumps is expected to persist.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.3 billion |
| Market size value in 2031 | USD 10.86 billion |
| Growth Rate | 8.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Intravenous Infusion Pump Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Intravenous Infusion Pump Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Intravenous Infusion Pump Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Intravenous Infusion Pump Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Intravenous Infusion Pump Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Intravenous Infusion Pump Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Intravenous Infusion Pump Market Report Snapshots
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