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Infusion Pump Market Size, Status and Industry Outlook During 2022 to 2026

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Infusion Pump Market Size, Status and Industry Outlook During 2022 to 2026

An increasing number of hospitalisations, surging chronic disease prevalence, and the expanding ageing patient population predominantly drive demand infusion pumps worldwide. With a consistent rise in the number of diabetic and gastrointestinal disease patients, global infusion pump market is likely to be on a healthy uptrend in future. The entry of home-based healthcare settings into the mainstream of healthcare industry will largely favour the market growth according to a new Fairfield Market Research study. Another strong factor that is projected to offer the market with an impetus is the growing popularity of portable infusion pumps, especially across home health settings. The combination of home healthcare and portable infusion pumps will further gain ground because of the cost efficiency that it offers.


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Besides home health settings, adoption of infusion pumps will across hospitals, clinics, infusion clinics, and ambulatory surgical centres will prevail. Soaring number of long-term care facilities, and palliative care centres are also likely to uplift the growth outlook for infusion pump market. The COVID-19 pandemic has been a significant booster to home-based healthcare, and growing government efforts on the same will further strengthen the trend to generate a continuous stream of demand for infusion pumps.


Soaring Global Burden of Diabetes, and Cancers Significantly Influence Market Growth

The global cancer burden is all set to see a mammoth rise of 40% in 2040, compared to that recorded in 2020. As cancers continue to remain one of the leading causes of mortality worldwide and a sizeably large cancer patient population is expected to be in need for palliative care at home in the near future, demand for infusion pumps will also remain on an uptrend. Increasing chemotherapy procedures at hospitals, and cancer speciality centres, as well as growing availability of technologically advanced ambulatory infusion pumps will give a collective push to demand for infusion pumps within the oncology segment.


While medical industry has been on a continuous journey to sophistication, there have been certain challenges that remain the key impediments facing infusion pump market players in terms of new device sales. Poor wireless connectivity, and lack of interoperability among infusion devices and hospital systems forestall the complete reliability of infusion pumps. Despite this, infusion pumps market for refurbished and rental devices has been forecast to witness notable demand coming in from small healthcare facilities, and hospitals on a lesser budget.


Sales Dominant in North America, Asia Pacific Holds Ample Opportunities

The US has been the early adopter of speciality infusion pumps, which continues to place North America as the top infusion pump market globally. Sustained preference for speciality infusion pumps in treatment of chronic health conditions is expected to uphold infusion pump market in the region. Strong presence of key manufacturers, and state-of-the-art healthcare infrastructure will further strengthen market expansion here. Asia Pacific on the other hand is all set to represent a highly lucrative market for infusion pumps manufacturers as the region continues to witness chronic disease prevalence at alarming rates. Considering the improving healthcare expenditure, accelerating healthcare infrastructural developments, and the low-cost manufacturing benefit that region offers, the report forecasts Asia Pacific to attract globally leading brands, as well as investors in the near future.


Competition Analysis – Infusion Pump Landscape

The Fairfield Market Research report would cover some of the most important players in infusion pump market, in the competition analysis section. Some of the key companies that would be profiled, include B. Braun Melsungen AG, Medtronic PLC, Baxter International Inc., Becton, Dickinson and Company, Roche Diagnostics, Fresenius SE & Co., Smiths Medical, Johnson & Johnson, ICU Medical, Inc., CME Medical UK Limited, Inc., Avanos Medical, Moog, Inc., Terumo Corporation, Teleflex, Inc., Nipro Corporation, Insulet Corporation, Zyno Medical LLC, and Shenzhen MedRena Biotech Co., Ltd.


For More Information of Infusion Pump Market Visit:

https://www.fairfieldmarketresearch.com/report/infusion-pump-market


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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

 

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