IQ4I Research published a report on Infusion Pumps and Accessories Global Market
The factors such as Subsequent rise in incidence of chronic diseases and increase in use of infusion products in home care setting are driving the market.
By: IQ4I Research and Consultancy Pvt Ltd
According to IQ4I estimation, the infusion pumps and accessories global market is expected to reach $13,867.0 million by 2026. Factors such as the increase in aging population & increase in use of infusion products in home care settings are the factors driving the market growth.
Use of smart pumps and disposable pumps in almost all the therapeutic areas and insulin pumps for diabetes insulin management is the trend of this market. Customized infusion pumps and insulin patch pumps are some of the upcoming technologies in the field of infusion pumps.
The infusion pumps and accessories market is mainly segmented into products, applications, mode of administration, end-users and geography. Among products, Infusion pumps accounted for the largest revenue. In application market, diabetes segment commanded the largest share. In Mode of administration market, subcutaneous segment commanded the largest share . In end-users, hospitals segment commanded the largest revenue and home healthcare is projected to be the fastest growing segment.
Increasing incidence of diabetes in younger group, who require continuous monitoring and insulin administration is emerging as one of the major opportunities for market players.
Based on geography, the infusion pumps and accessories market is divided into North America, Europe, Asia-Pacific and Rest of the world. The North American region commanded largest market revenue and Asia-pacific region is expected to grow at mid single digit CAGR.
Among the Infusion pumps and accessories global market, Medtronic is recognized as the global market leader in the overall market, and also considered to be leader in Insulin infusion pumps and Implantable infusion pump. Similarly, Baxter International Inc. is leading in volumetric and syringe infusion pump market. Smiths Group Commanded the major share in ambulatory infusion pumps market, Avanos Medical Inc. commanded the xx% share in disposable infusion pump and Cardinal Health commanded the largest share in enteral infusion pumps market.
The Technological advancements such as next generation barcode systems, infusion tele-therapy, mechatronic syringe pumps and availability of MRI compatible infusion pumps are positively influencing the infusion pump market.
Major players in infusion pumps and accessories market include B. Braun Melsungen AG, Baxter International Inc, Becton Dickinson & Company, Cardinal Health Inc., Fresenius SE & Co, ICU Medical Inc, Insulet Corporation, Medtronic PLC , Nestle Group, Smiths Group PLC, Tandem Diabetes Care Inc. and Terumo Corporation.
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