We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us

Download Mobile App


ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.

Global Infusion Pump Market to Surpass USD 850 Million by 2028

By HospiMedica International staff writers
Posted on 21 Apr 2022
Print article
Image: Global infusion pump market is projected to register a CAGR of 4.0% during 2022-2028 (Photo courtesy of Pexels)
Image: Global infusion pump market is projected to register a CAGR of 4.0% during 2022-2028 (Photo courtesy of Pexels)

Infusion pumps are used to deliver medication in many cases, such as cancer and diabetic conditions, to keep drug levels in the bloodstream stable. These pumps have several advantages over manual fluid administration, including the ability to administer fluids in very small doses and at precise programmed rates. Chemotherapy must be delivered to cancer patients on a continuous basis, which can be accomplished with the help of a pump. Insulin pumps are becoming increasingly popular in the treatment of Type 1 diabetes. As a result, the global infusion pump market will be driven by rising incidence of chronic diseases, rapid growth of the geriatric population who require home care, rising demand for ambulatory infusion pumps, and growing volume of surgical procedures performed around the world.

These are the latest findings of Valuates Reports (Bangalore, India), a market research firm.

The global infusion pump market was valued at about USD 627 million in 2021 and is projected to grow at a CAGR of 4% during 2022-2028 to surpass USD 852 million by 2028. Growing demand for ambulatory infusion pumps in-home care settings, as well as an increase in chronic disease incidence, is expected to drive the growth of the infusion pump market. Infusion pumps for ambulatory use are designed to be portable or wearable. The high incidence and prevalence of chronic diseases, as well as rising healthcare expenditure, primarily on hospitalization, have increased the demand for home healthcare in recent years.

In addition, increasing research and development (R&D) activities to launch home infusion systems are expected to drive the growth of the infusion pump market. Rising costs of hospital-based infusion therapies have prompted an increase in R&D efforts to create home-based infusion products. For instance, the rising demand for long-term care, preferably in-home care settings, has been due to an increase in the patient population with diabetes, cancer, and neurological disorders. Furthermore, the growing geriatric population, which requires long-term care therapies, is driving new product development for home infusion therapies.

Furthermore, the use of robotics in surgical treatments and the introduction of technology in minimally invasive procedures are the keys to the future of surgical procedures, which will lead to an increase in sales of syringe and infusion pumps. This, in turn, is expected to drive the growth of the infusion pump market. Automated syringe pumps are commonly used in hospitals and clinics to improve the efficiency of drug infusion in the patient's body. Moreover, to increase their market share, the players in the global infusion pumps market are actively launching new products targeted at specific disease treatment procedures, and undertaking geographic expansions and collaborations.

Based on type, accessories/consumables is expected to be the most lucrative segment in the infusion pump market due to the frequent use and purchase of accessories/consumables for infusion therapy. Based on application, the oncology segment is expected to gain significant traction due to the rising prevalence of various cancers and the increasing number of new product launches in this area. Chemotherapy must be delivered to cancer patients on a continuous basis, which can be accomplished with the use of infusion pumps.

Geographically, North America is expected to be the world’s most lucrative market for infusion pumps due to the rapid adoption of technologically advanced products by patients and physicians, both for regular treatment of chronic disease conditions, in the region. In North America, several chronic diseases are becoming more prevalent, and the rapid adoption of home healthcare infusion pump therapies is also fueling the growth of the infusion pump market in the region.

Related Links:
Valuates Reports 

Print article
IIR Middle East


Critical Care

view channel
Image: Size comparison of the new mTP laser array (Photo courtesy of Rockley)

New Chip Technology Paves Way for Tiny Wearable Devices to Detect and Measure Biomarkers

Scientists have developed what is believed to be the world’s first micro-transfer-printed (mTP) silicon-photonics-based laser for commercial applications. This groundbreaking achievement by Rockley Photonics... Read more

Surgical Techniques

view channel
Image: The EASEE minimally invasive brain pacemaker has received CE certification (Photo courtesy of Precisis GmbH)

World's First Minimally Invasive Brain Pacemaker Treats Epilepsy

The treatment of patients with epilepsy always begins with medication. However, for decades there has unfortunately been a consistently large group of around 30% of all patients for whom pharmacological... Read more

Patient Care

view channel
Image: The biomolecular film can be picked up with tweezers and placed onto a wound (Photo courtesy of TUM)

Biomolecular Wound Healing Film Adheres to Sensitive Tissue and Releases Active Ingredients

Conventional bandages may be very effective for treating smaller skin abrasions, but things get more difficult when it comes to soft-tissue injuries such as on the tongue or on sensitive surfaces like... Read more

Health IT

view channel
Image: Using digital data can improve health outcomes (Photo courtesy of Unsplash)

Electronic Health Records May Be Key to Improving Patient Care, Study Finds

When a patient gets transferred from a hospital to a nearby specialist or rehabilitation facility, it is often difficult for personnel at the new facility to access the patient’s electronic health records... Read more
Copyright © 2000-2022 Globetech Media. All rights reserved.