Theinfusion pumps market is expected to grow at a CAGR of over 8% during the period 2019–2025.
COVID-19 IMPACT
By mid-April 2020, more than 2.1 million COVID-19 cases were reported in more than 200 countries and territories, resulting in approximately 3.4million patients globally. Various medical devices technology come into the picture in this stage to prevent the person from death. The ventilators, nebulizers, infusion pumps and combination of other devices are made to save the patient’s life. There are various factors that affect the demand of infusion pumps during the COVID-19 pandemic in the market. The first factor is the overall attack rate of the COVID-19 pandemic, which directly increases the demand. The second is the duration of the pandemic. For a given attack rate, a shorter pandemic duration will increase the number of people falling ill at any given time, which in turn increases peak ICU demand. Finally, resource utilization will also be directly proportional to the fraction of people sick requiring ICU care.
Depending on the patient condition the infusion pumps requirement also changes majority of the patients in the ventilators use the infusion pumps. Depending on the country’s pandemic rate, duration the demand for the infusion pumps will vary nationally. Lack of infusion pumps will significantly increase the overall mortality of the country. Becton & Dickinson company has increased their production of infusion pumps and sets to handle immediate demand that is caused by the COVID-19 pandemic condition.
Insights by Products
Pumps are designed for a variety of clinical applications and their performance characteristics vary depending on the delivery volume, long & short-term accuracy and speed of the desired infusion. There are six main types of infusion pumps, Implantable infusion pumps, volumetric infusion pumps, syringe infusion pumps, enteral infusion pumps, Insulin infusion pumps, Elastomeric infusion pumps. In 2019, the volumetric infusion pumps segment accounted for a share of 28% in the product segment. Volumetric pumps are indicated for the infusion of fluids, medications, parenteral nutrition, blood, and blood products through the clinically acceptable routes of administration such as intravenous, intra-arterial, subcutaneous, and epidural or irrigation of fluid space.
Insights by Application
Based on the applications the global infusion pumps market is segmented into chemotherapy/ oncology, diabetes, gastroenterology, analgesia/ pain management and pediatrics/ neonates. The diabetic segment accounted for a share of 23% of the global market in 2019. The increase in prevalence of diabetic population among the developed and developing countries and global increase is majorly contributing to the surge in demand for the insulin pumps across the globe.
The following factors are likely to contribute to the growth of the infusion pumps market during the forecast period:
- Increase in Demand for the Ambulatory Infusion Pumps
- Adoption of Smart Infusion Pumps
- Increase in Target Population
- Increased Usage of Diabetic Infusion Pump
Base Year: 2019
Forecast Year: 2020–2025
The study considers the present scenario of the infusion pumps market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Prominent Vendors
- BD
- B. Braun Melsungen
- Fresenius Kabi
- ICU Medical
- Smiths Medical
- Medtronic
- Baxter
Other Prominent Vendors
- Abbott
- ALCOR Scientific
- Amsino International
- Ace Medical
- Angel Electronic Equipment
- Avanos Medical
- BTC Health
- Cardinal Health
- Danone Nutricia
- ERENLER MEDIKAL
- Flowonix Medical
- Go Medical Industries
- HEKA
- ICU Medical
- Insulet
- I-Flow
- JMS
- Leventon S.A.U
- LIFEPUM MEDITECH
- Micrel Medical Devices
- Moog
- Mahusaca
- Nestlé
- NIPRO
- pfm medical
- Q Core Medical
- Hoffmann-La Roche
- Samtronic
- Summit Medical Products
- Teleflex
- YPSOMED
- Terumo
- Tandem Diabetes Care
- ViCentra
- Vygon
- tricumed Medizintechnik
- Zealand Pharma
- Zyno Medical
Segmentation by Product
- Large-volume Infusion Pumps
- Syringe Infusion Pumps
- Insulin Infusion Pumps
- Enteral Feeding Pumps
- Elastomeric Infusion Pumps
- Implantable Infusion Pumps
Segmentation by Technology
- Traditional
- Specialty
Segmentation by Usage
- Stationary
- Ambulatory
Segmentation by Application
- Oncology
- Diabetics
- Gastroenterology
- Pediatrics & Neonatology
- Pain Management
- Others
Segmentation by End-users
- Hospitals
- Home Healthcare Settings
- Nursing Homes
- Others
Segmentation by Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- APAC
- China
- Japan
- South Korea
- Australia
- India
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- Turkey
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Source : Infusion Pumps Market – Global Outlook And Forecast 2020-2025 by Arizton Advisory & Intelligence
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