Global Ambulatory Iv Infusion Pumps Market Size 2024, Forecast To 2033
11 Mar, 2024
The ambulatory IV infusion pumps market size has steadily increased from $0.81 billion in 2023 to $0.84 billion in 2024, with a compound annual growth rate (CAGR) of 3.3% during the historic period. This growth can be attributed to the rapid expansion of the elderly population, economic growth in emerging markets, and technological advancements. Looking forward, the market is expected to experience steady growth, reaching $0.97 billion in 2028 at a CAGR of 3.7%. Anticipated factors contributing to this growth include an increase in the prevalence of chronic diseases, a rising demand for improved infusion pumps, the impact of COVID-19, an escalation in healthcare expenditure, and a surge in oncology cases among the geriatric population. Key trends for the forecast period encompass a focus on smart ambulatory infusion pumps devices and software, the development of new products, the deployment of advanced technologies, and consideration of acquiring smaller drug delivery device companies, shaping the trajectory of the ambulatory IV infusion pumps market.
Global Ambulatory IV infusion Pumps Market Key Driver
The ambulatory IV infusion pumps market is witnessing significant growth due to the increasing prevalence of chronic conditions such as chronic pain, cancer, and diabetes. These pumps play a crucial role in delivering pharmaceutical drugs during the treatment of these diseases, offering a solution for the rising burden of chronic illnesses globally. The World Health Organization (WHO) reported in September 2023 that chronic diseases account for 74% of all deaths globally, resulting in 41 million deaths annually. The aging population and shifts in social behavior contribute to the gradual increase in these widespread and expensive long-term medical issues. Ambulatory IV infusion pumps, serving as medical devices for administering regulated doses of nutrients or drugs, are expected to experience growth as chronic diseases continue to rise. The market size is projected to increase from $X billion in 2023 to $Y billion in 2024 at a compound annual growth rate (CAGR) of Z%. Looking ahead to 2028, the market is expected to reach $W billion.
Get A Free Sample Of The Global Ambulatory IV infusion Pumps Market ReportGlobal Ambulatory IV infusion Pumps Market Segments
The ambulatory iv infusion pumps market covered in this report is segmented –
1) By Therapy: Chemotherapy Infusion Pumps, Anti-Infective Infusion Pumps, Other Therapies
2) By Application: Chemotherapy/Oncology, Diabetes, Gastroenterology, Analgesia/Pain Management, Pediatrics/Neonatology, Hematology, Anti-Infective, Other Applications
3) By Patient Care Setting: Hospitals, Home Healthcare, Other End Users
By Geography:The regions covered in the ambulatory iv infusion pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
North America was the largest region in the ambulatory IV infusion pumps market in 2023. Western Europe was the second largest region in the global ambulatory IV infusion pump market. The regions covered in the ambulatory iv infusion pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Ambulatory IV infusion Pumps Industry Players
Becton Dickinson and Company, Baxter International, B. Braun Holding GmbH & Co. KG, Smiths Medical, ICU Medical Inc., Fresenius Kabi, Terumo Corporation, Medtronic, IRadimed Corporation, Nipro Corporation, Sinomdt, Mindray, SCHILLER Healthcare India Pvt. Ltd., Johnson & Johnson, GE Healthcare, Covidien Healthcare India Private Limited, Fisher & Paykel Healthcare India Private Limited, Agappe Diagnostics Ltd, ARKRAY Healthcare Pvt. Ltd, Accord Medical Products Private Limited, Shinva Medical Instrument Company Limited, Shandong WeiGao Group Medical Polymer Company Limited, Lepu Medical Technology Company (Beijing) Co. Ltd, Yuwell - Jiangsu Yuyue Medical Equipment & Supply Co. Ltd, Shanghai Runda Medical Technology Co. Ltd., Ambu Inc., Fresenius, Siemens, Stryker, Teleflex Medical, Beckman Coulter, St. Jude, Philips Healthcare, Draegerwerk AG, Masimo, 3M, Eitan Group, Q Core Medical, B. Braun Medical Inc.
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Ambulatory IV infusion Pumps Market Overview
Ambulatory IV infusion pumps are portable medical devices used for controlled delivery of medication into the patient's body.
Ambulatory IV infusion Pumps Global Market Report 2023 provides data on the global ambulatory iv infusion pumps market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ambulatory iv infusion pumps market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.