Latest News - Infusion Pump Market: Insulin pumps are expected to lead the Type segment during 2024-2028

The Infusion Pump Market is being driven by Increasing prevalence of chronic diseases

The Infusion Pump Market is expected to grow at a CAGR of 6.78% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4990.2 million. Advanced infusion pumps represent the cutting-edge in infusion technology, offering enhanced features and innovations, including barcode scanning systems and sensors, to bolster patient safety, medication precision, and user-friendliness. These sophisticated pumps enable healthcare professionals to meticulously program infusion rates, dose limits, and delivery schedules. Intuitive user interfaces and touchscreens facilitate effortless programming and parameter adjustments. Advanced infusion pumps can calculate dosages based on individual patient data, such as weight and body surface area. They may also seamlessly integrate with electronic medical records (EMRs) or barcode scanning systems, ensuring medication accuracy and minimizing errors. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Insulin pumps
  • Volumetric pumps
  • Elastomeric pumps
  • Enteral pumps
  • Others
• End-user
  • Hospitals
  • Ambulatory service centers
  • Clinics
  • Others
• Geography
  • North America
    • US
  • Europe
    • France
    • Germany
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of chronic diseases
• Mergers and acquisitions among players
• Increased investment by vendors in R and D

However, the market also witnesses some limitations, which are as follows:

• Stringent regulatory requirements on medical devices
• High manufacturing costs associated with infusion pumps
• Fluctuation in cost of raw materials

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Market Scope in Infusion Pump Market Research Report

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Research Analysis Overview

The Infusion Pump Market encompasses a range of medical devices used for delivering fluids, including portable infusion pumps, syringe pumps, volumetric pumps, insulin pumps, and enteral feeding pumps. These devices play a crucial role in both hospital and home infusion therapy for various medical treatments, particularly for chronic diseases such as diabetes, cancer, and other conditions. Hospital stays can be costly, and home infusion therapy enabled by infusion pumps is becoming increasingly popular for managing chronic conditions, reducing healthcare spending, and improving patient comfort. The elderly population, with its high prevalence of chronic diseases, is a significant market driver. Patient safety is a top priority, leading to advancements in infusion pump technology.

Market Research Overview

Healthcare providers and healthcare centers use these devices to administer intravenous fluids and medications effectively and safely. Infusion pumps are essential medical devices that contribute significantly to the healthcare ecosystem, improving patient outcomes and quality of life. The market for infusion pumps is vast and diverse, with applications ranging from hospitals to homes. The global infusion pumps market is expected to grow significantly due to the increasing aging population, rising healthcare spending, and the increasing prevalence of chronic diseases. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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