Infusion Pump Market - Key Players Like Baxter (US), ICU Medical (US), B. Braun (Germany), Fresenius Kabi (Germany) Dominates the Growth

Report analyzes various types of infusion pumps in the market and their adoption patterns. It aims at estimating market size and future growth potential of the infusion pumps market for different segments such as product, application, end user, and region.

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Infusion pumps are one of the most widely medical devices used for faster drug administration in patients to give them quick relief. However, dosage errors, which can be user-initiated or due to the failure of infusion pump parts, remain the highest errors noted in infusion pump management. To avoid dosage errors some advanced infusions have been designed by various manufacturers.

Executive Summary

Premium Insights

4.1 Infusion Pump: Market Overview

4.2 APAC: Infusion Pump Market, By End User (2017)

4.3 Geographical Snapshot of the Infusion Pump Market

4.4 Infusion Pump Market: Geographic Growth Opportunities

4.5 Infusion Pump Market: Developing vs Developed Countries

Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Market Drivers

5.2.1.1 Rising Demand for Ambulatory Infusion Pumps

5.2.1.2 Increasing Incidence of Chronic Diseases Along With the Rapid Growth in the Geriatric Population

5.2.1.3 Growing Number of Surgical Procedures Performed

5.2.2 Market Restraints

5.2.2.1 Frequent Product Recalls of Infusion Pumps

5.2.2.2 Stringent Regulatory Requirements for New Products

5.2.2.3 Increasing Adoption of Refurbished and Rental Infusion Pumps

5.2.3 Market Opportunities

5.2.3.1 Emerging Markets

5.2.3.2 Growing Adoption of Specialty Infusion Systems

5.2.4 Market Challenges

5.2.4.1 Increasing Incidence of Medication Errors and Lack of Wireless Connectivity in Most Hospitals

Industry Insights

6.1 Introduction

6.2 Porter’s Five Forces Analysis

6.2.1 Threat of New Entrants

6.2.2 Threat of Substitutes

6.2.3 Bargaining Power of Suppliers

6.2.4 Bargaining Power of Buyers

6.2.5 Intensity of Competitive Rivalry

6.3 Product Benchmarking

Some infusion pumps are designed for specialized purposes. For example, enteral infusion pumps are used to deliver liquid nutrients and medications to a patient’s digestive tract. Patient controlled analgesic pumps are infusion pumps used to deliver pain medication, which is equipped with a feature that allows patients to self-administer a controlled amount of medication, as needed.

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The infusion pumps market is expected to reach USD15.89 billion by 2023 from USD 11.90 billion in 2018, at a CAGR of 6.0%. The overall growth of the infusion pumps market is largely driven by the increasing incidence of chronic diseases along with the rapid growth in the geriatric population, rising demand for ambulatory infusion pumps, and the growing volume of surgical procedures performed.

Geographically, the infusion pumps market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America commanded a major share of the infusion pumps market. However, Asia Pacific is expected to witness the highest growth during the forecast period.