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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Intravenous Infusion Pump Market Outlook
The global intravenous infusion pump market size was valued at USD 5.3 billion in 2023, driven by the rising prevalence of chronic diseases across the globe. The market is expected to grow at a CAGR of 7.6% during the forecast period of 2024-2032, with the values likely to rise from USD 5.7 billion in 2024 to USD 10.2 billion by 2032.
Intravenous Infusion Pump: Introduction
An intravenous infusion pump is a device used to administer medication or fluids into a patient's body for treating high blood pressure. They offer significant advantage over manual administration as it capable of delivering fluids at precisely programmed intervals and in smaller volumes as well.
Infusion pumps can be stationary or portable depending on the patient’s requirement. Some pumps are equipped with safety measures like an alarm clock or other operator alerts as well. They may be mechanically or electrically powered.
Global Intravenous Infusion Pump Market Analysis
Intravenous infusion must be highly precise because even minute changes can threaten a patient's life. As a result, authorities like the FDA and EU continuously evaluate the efficacy of prevailing devices. To curb the high intravenous infusion pump market demand, prominent healthcare companies keep on bringing updated versions of devices.
Recently, FDA approved the redistribution of BD’s Alaris infusion pump in the market. This latest version is enabled with new software, hardware, and cybersecurity updates to deliver precise medications to the patients.
In August 2023, ICU Medical received 510(k) FDA clearance to its Plum Duo infusion pump, enabled with LifeShield infusion safety software. This pump features a large touch screen that enables an intuitive user interface as well. Similarly, Baxter’s Novum IQ syringe infusion pump (SYR) is paired with Dose IQ safety software that provides enhanced safety features, connectivity and a vast portfolio of sets designed to deliver optimum dose precision.
With a surge in innovations and digital integration into healthcare and medical devices, IOT (internet of things) controlled devices are set to emerge in the market. Researchers are working on developing remote monitoring enabled infusion pumps for accurate detection of patient’s vitals. Such technologies will enhance the intravenous infusion pump market growth in the upcoming years.
Global Intravenous Infusion Pump Market Segmentation
Market Breakup by Type
- Volumetric Infusion Pumps
- Syringe Infusion Pumps
- Patient Controlled Analgesia Infusion Pumps
Market Breakup by Applications
- Oncology
- Parenteral Nutrition
- Analgesia/Pain Management
- Others
Market Breakup by End User
- Hospital and Clinics
- Home Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Applications |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 5.3 billion in 2023, driven by the increasing incidence of chronic diseases across the globe.
The market is anticipated to grow at a CAGR of 7.6% during the forecast period of 2024-2032, likely to reach a market value of USD 10.2 billion by 2032.
The market demand has increased due to increased cases of chronic diseases, due to which patients have to undergo acute care facilities.
Infusion pumps enabled with cybersecurity have emerged in the market. In August 2023, ICU Medical gained 510(k) FDA clearance for their Plum Duo infusion pump, which is enabled with LifeShield infusion safety software. Baxter’s Novum IQ syringe infusion pump (SYR) is also paired with Dose IQ safety software to offer enhanced safety features, and connectivity.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Volumetric infusion pumps, syringe infusion pumps, and patient controlled analgesia infusion pumps are available in the market.
Major end users include home healthcare, hospital and clinics, among others.
Common application areas include oncology, parenteral nutrition, and analgesia/pain management, among others.
Key players involved in the market are F. Hoffmann-La Roche Ltd., Fresenius SE & Co. KGaA, B. Braun, Becton, Dickinson and Company, Baxter, Terumo Corporation, Medtronic Plc, Smith Medical, ICU Medical and Tandem Diabetes Care, Inc.
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