Infusion pump is a medical device used to deliver fluids such as nutrients, drugs, and other medicines into a patient’s body in required amount. Computer-controlled infusion pumps are more reliable and provide more accuracy and safety as compared to old-fashioned drip-chamber and roller-clamp systems. Portable infusion pumps with high frequency are being used to provide perineural invasion for direct wounds, etc. There are two types of infusion pumps large-volume pumps (LVPs) and small-volume pumps (SVPs). In large volume pumps fluids are usually contained in an IV bag or bottle. Some infusion pumps have the ability to control up to four IV lines to the patient, although one- and two-line versions are the most common.
Major factors driving growth of the global infusion pumps market are increasing incidences of chronic diseases such as diabetes, gastroenterology, etc., among individuals across the globe and rising demand of infusion pumps that offer various advanced features such as capturing of data when practitioners program the pumps as compared to conventional drip-clamp and roller-clamp systems. In addition, rising demand of portable infusion pumps by hospitals, ambulatory surgical centers (ASCs), clinics, etc., for monitoring and delivery of drugs and other medicines is expected to support growth of the global infusion pumps market.
However, high cost of device is a major factor hampering growth of the global market. In addition, stringent government regulations related to approval of devices is expected to challenge growth of the global infusion pump market over the next few years.
Technological advancements such as development of smart infusion pumps that provide a customization option for manual calculations, and to ensure the dosing formula selected is appropriate to deliver medication of patient is expected to create lucrative opportunities for players operating in the global infusion pumps market.
The global infusion pumps market is segmented on the basis of products, application, end user, and region. On the basis of region, the global infusion pumps market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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Asia Pacific market is estimated to register highest CAGR in terms of revenue, which can be attributed to initiatives taken by various governments in the developing countries to develop healthcare infrastructure, and rising preference towards homecare treatment in emerging economies such as China, India, and Japan is expected to further spur growth of the market in this region over the forecast period. Market in North America is estimated to account for highest market share in terms of revenue in the global infusion pumps market due to increasing demand for portable smart infusion pumps with advanced features such as customization, easy user interface, etc.
Key players operating in the market include Baxter International Inc., B. Braun Melsungen AG, Fresenius SE & Co. KGaA, Smiths Medical, Inc., Johnson & Johnson Private Limited, Becton, Dickinson and Company, ICU Medical, Inc., CME Medical UK Limited, Moog, Inc., and Terumo Corporation.