Recent research: Global Infusion Pump Systems growing at a CAGR of 5.9% from 2017 to 2024, and is expected to reach USD 13.3 billion by 2024

“Global Infusion Pump Systems, accessories and software market is expected to reach USD 13.3 billion by 2024 from USD 8.4 billion in 2016, at a CAGR of 5.9% in the forecast period 2017 to 2024.”
Global Infusion Pump Systems, Accessories and Software Market, By Type (Infusion Pump Systems (Volumetric IP, Syringe IP, Ambulatory IP, Enteral IP, Insulin IP, Implantable IP, Chemotherapy IP, Anesthesia IP), Infusion Pump Accessories (Infusion Administration Sets, Valve Catheters, IV Sets, Needleless Connectors), Infusion Pump Management Software (Asset Management Modules, EMR Modules, Respiratory Monitoring Modules), By Application,By End-User, By Geography – Trends and Forecast to 2024

Global Infusion Pump Systems, accessories and software market is expected to reach USD 13.3 billion by 2024 from USD 8.4 billion in 2016, at a CAGR of 5.9% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The Global Infusion Pump Systems, accessories and software market is segmented on the basis of type, application, end-user, distribution channel and geography.

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On the basis of type the market is segmented into Infusion Pump Systems, infusion pump accessories and infusion pump management software. The infusion pump systems market segment is further categorized on the basis of product type into volumetric infusion pump, syringe infusion pump, ambulatory infusion pump, enteral infusion pump, Insulin infusion pump, Implantable infusion pump, anesthesia infusion pump and chemotherapy infusion pump. The infusion pump accessories market segment is categorized into infusion administration sets, valve catheters, IV sets, needleless connectors and others. The infusion pump management software market segment in segmented on the basis of module type into asset management modules, EMR modules, respiratory monitoring modules and others.

The market is also segmented on the basis of end users into hospitals, ambulatory, home healthcare, clinics and others. The hospitals segment is expected to dominate the market in 2017, however the ambulatory and home healthcare segment and is expected to grow at the highest CAGR and be the major driving markets.

On the basis of application the Infusion Pump System, accessories and software market is segmented into general infusion, pain and anesthesia management, insulin infusion, enteral infusion, chemotherapy and others. The general infusion market segment is expected to dominate the market in 2017, and the insulin infusion segment is expected to grow at the highest CAGR in the forecast period 2017 to 2024

Based on geography, the market is segmented into five geographical regions:

  • North America
  • South America
  • Europe
  • Asia-Pacific(APAC)
  • Middle East and Africa(MEA)

The Global Infusion Pump System, accessories and software market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some of the examples for these strategies are: In October 2016,  ICU Medical Inc. has acquired the Hospira Infusion Systems business from Pfizer Inc.; In November 2016, Becton, Dickinson and Company entered into a development agreement with JDRF, to focus on creating technological development on extended wear insulin infusion sets. The report includes company share data for different geographies including Global, North America, Europe, APAC, South America and MEA.

Some of the major players operating in this market are

  • Becton
  • Dickinson and Company (BD)
  • B. Braun Melsungen AG
  • Baxter International Inc
  • Fresenius Kabi AG KGAA
  • Hospira, Inc. (A Pfizer Company)
  • Animas Corporation (A Johnson & Johnson Company)
  • Medtronic PLC
  • Moog Inc.
  • Smiths Group PLC
  • F. Hoffmann-La Roche Ltd.
  • Terumo Europe NV
  • Cane S.p.A.
  • Caesarea Medical Electronics
  • Halyard Health
  • Micrel Medical Devices
  • Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
  • Zyno Medical
  •  Zoll Medical
  • Tricumed Medizintechnik GmbH
  • Teleflex Incorporated
  • ICU Medical, Inc.
  • Novo Nordisk
  • AngioDynamics 

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