Infusion Pump Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2033

Overview and Scope An infusion pump refers to a medical device that is used to deliver fluids, such as medications or nutrients, into a patient's bloodstream in a controlled manner. Infusion pumps work by using a pump mechanism to control the rate and volume of fluid delivered to the patient. Sizing and Forecast The infusion pump market size has grown strongly in recent years. It will grow from $14.01 billion in 2023 to $15.16 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to aging population, chronic diseases, hospitalization trends, surgical procedures, advancements in healthcare.. The infusion pump market size is expected to see strong growth in the next few years. It will grow to $20.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to home healthcare trends, rise in ambulatory care centers, global health challenges, technological integration, patient empowerment.. Major trends in the forecast period include development of wearable infusion devices, expansion of ambulatory infusion centers, customization for pediatric and geriatric patients, focus on cost-effectiveness and efficiency, integration of artificial intelligence in infusion systems.. To access more details regarding this report, visit the link: https://www.thebusinessresearchcompany.com/report/infusion-pump-global-market-report The infusion pump market covered in this report is segmented – 1) By Product: Accessories And Consumables, Devices 2) By Type: Volumetric Infusion Pumps, Insulin Pumps, Enteral Infusion Pumps, Syringe Infusion Pumps, Ambulatory Infusion Pumps, PCA Pumps, Implantable Infusion Pumps 3) By Technology: Traditional Infusion Pumps, Specialty Infusion Pumps 4) By Application: Chemotherapy Or Oncology, Diabetes Management, Gastroenterology, Pain Management Or Analgesia, Pediatrics Or Neonatology, Hematology, Other Applications 5) By End User: Hospitals, Ambulatory Care Settings, Specialty Clinics, Home Care Settings North America was the largest region in the infusion pump market in 2023. The regions covered in the infusion pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa Intrigued to explore the contents? Secure your hands-on sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=9968&type=smp Major Driver Impacting Market Growth The rise in the prevalence of chronic diseases is expected to propel the growth of the infusion pump market going forward. Chronic diseases refer to noncommunicable diseases (NCDs), which are long-term health conditions and often progress slowly over an extended period. The rise in the prevalence of chronic diseases, such as cancer and diabetes, is mostly driven by changing lifestyles, lack of physical activities, decreasing quality of life, and poor eating habits. Infusion pumps are used to treat some of these chronic diseases by providing accurate dosing, precise fluid delivery, and customized treatments. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, there would be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020. Also, the International Diabetes Federation, an organization of over 230 national diabetes associations in more than 160 countries and territories, projected that, there would be 643 million diabetics worldwide by 2030 and 783 million by 2045. Therefore, a rise in the prevalence of chronic diseases will fuel the infusion pump market growth. Key Industry Players Major companies operating in the infusion pump market are developing infusion management softwares to gain a competitive edge in the market. Infusion management software refers to specialized computer programs designed to oversee and optimize the administration of fluids, medications, and other therapeutic agents through infusion pumps in healthcare settings. For instance, in June 2023, B. Braun Medical Inc., a US-based medical device manufacturing company launched the DoseTrac Enterprise Infusion Management Software. This advanced software provides healthcare organizations with real-time views and retrospective reporting features, allowing them to effectively manage their infusion pump fleets and associated data. The platform boasts the capability to seamlessly connect up to 40,000 pumps across multiple facilities through a single application, facilitating centralized management regardless of fleet size or the number of locations. DoseTrac Enterprise aims to enhance data management, potentially reducing the clinical IT infrastructure required for infusion pumps. The infusion pump market report table of contents includes: 1. Executive Summary 2. Market Characteristics 3. Market Trends And Strategies 4.