June 17, 2020

Infusion Pumps Market Booming by Size, Revenue and Trend in 2026

The growing demand for infusion pumps can be attributed to advancements in the domain of medical research. The healthcare industry is characterised by the presence of several complex technologies that need to work in tandem with each other. Patients suffering from chronic illnesses require seamless treatment and care, necessitating the availability of technologies for monitoring, tracking, and medical administration. In recent times, the medical industry has become increasingly focused on ensuring proper dosage and medication. Overdosage or underdosage have been a cause of medical negligence, and have invited flak across the medical industry. Therefore, there is a need to develop scrutinous technologies that help in administering the right amount of medical fluids in the body. In light of the factors mentioned above, it is safe to conclude that the need for infusion pumps in the healthcare sector would increase. Besides, the focus of the medical industry on developing a seamless domain for medical discharge of fluids has also given an impetus to market growth.

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Advancements in Healthcare Diagnostic and Treatment

The healthcare industry has witnessed increased load of patients suffering from chronic diseases over the past decade. There is humongous value given to the integration of high-end technologies that can ramp up the process of treatment. Besides, the unprecedented demand for treating patients suffering from cardiac, pulmonary, and nephrological disorders also necessitates the integration of novel technologies. Since fluid administration is an important part of all the aforementioned treatment lines, use of infusion pumps in the medical industry is set to increase.

Over the course of the next few years, several micro-technologies for fluid administration are expected to come to the fore. Infusion pumps have replaced manual technologies for injecting fluids in the body, and this is an important dynamic of market growth. These pumps can help in administering as little as 0.1 mL of fluid in the body, and this is an important consideration for medical professionals. The ease of using infusion pumps has enabled nurses and junior medical staff to install infusion pumps without the assistance of doctors and senior technicians. Besides, infusion pumps can be scaled to administer required dosage after regular intervals of time. Henceforth, it is safe to project that the global infusion pumps market would tread along a lucrative pathway in the years to follow.

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Types of Fluid Administration Used in Healthcare Treatment

Arterial administration of liquids or fluids has gained popularity in recent times. Several ingredients, fluids, and medications need to be floated in the blood stream of patients suffering from chronic diseases. The availability of infusion pumps that can help to this end has played a vital role in improving the dynamics of treatment across the healthcare industry. Besides, cutaneous administration of fluids has also become possible with the help of infusion pumps. Cutaneous administration involves the administration of fluids right beneath the epidermis of the skin. The total volume of revenues within the global infusion pumps market would grow by leaps and bounds in the times to follow. The use of infusion pumps has helped in reducing the healthcare costs of the healthcare industry. Manual infusion of fluids can be expensive, and may not fetch the same results as pump-based infusion of medical fluids. Moreover, manual administration of fluids is unreliable as it is subject to error and medical negligence. The growth graph of the global infusion pumps market shall tread along a lucrative pathway in the years to follow. Furthermore, rising incidence of cardiac disorders and pulmonary diseases shall also aid the growth of the global market.

Continuous Infusion Pumps to Attract Increased Demand

The user interface of infusion pumps can be detailed according to the end-use of these pumps. It has come to the attention of the medical sector that continuous fusion devices are the need of the hour across the healthcare sector. These pumps can ensure continuous pulses of infusion, ranging between 500 nanolitres and 10 millilitres. Furthermore, use of continuous fusion devices helps in programming infusion speeds at the end of healthcare professionals. The sale of continuous infusion pumps is expected to supersede the demand for intermittent infusion pumps over the next few years. The timing of infusion can be altered across the latter, and this is an important dynamic of market growth and maturity. The blood vessels of the human body can experience irritation due to irregulated administration of fluids. Therefore, it is important to develop high-performance infusion pumps. Pain management, diabetes management, and chemotherapy are some of the common applications of infusion pumps.

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North America to Lead Market Expansion

On the basis of regions, the global infusion pumps market can be segmented into South America, North America, Europe, Asia Pacific, and the Middle East and Africa. The growth of the medical industry in China and India has given a thrust to the growth of the Asia Pacific market. Besides, there is little contention about the emergence of new technologies that can help in managing the humongous load of patients across the healthcare industry of these regions. The North America infusion pumps market has been at the forefront of market growth and maturity. Medical research practices followed across the US have changed the fortunes of the healthcare industry in the region. Several research lines for treatment of various chronic diseases are underway across the US.

Some of the prominent players operating in the global infusion pumps market are ICU MEDICAL, INC., Smiths Medical, Tandem Diabetes Care, Inc., and Medtronic plc.

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