Intravenous Infusion Pump Market Size and Forecast Report to 2027
Global Intravenous Infusion Pump Market was valued at USD 12.5 in 2018 which is expected to reach USD 20.5 billion by 2027 at a CAGR 6.5%.
Intravenous infusion pump is a medical device which is used to deliver fluids such as medications, and nutrients directly into a circulatory system by using intravenous route. They are widely used in transferring medications in controlled manner. Rise in geriatric population and prevalence of chronic diseases will boost the global intravenous infusion pump market.
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Market Drivers
Increase in demand for ambulatory infusion pumps in home care setting which is expected to drive the global intravenous infusion pump market growth. Furthermore, rise in incidences of chronic diseases along with rapid growth of the geriatric population which is expected to propel the global intravenous infusion pump market growth. Moreover, growing number of surgical procedures will have the positive impact on global intravenous infusion pump market growth. Also, rise in approval activities by regulatory authority will fuel the growth of global intravenous infusion pump industry. For instance, May 2018, Baxter had received US FDA clearance for Spectrum IQ infusion system with Dose IQ safety software.
Market Restraints
However, stringent rules and regulations for approval of new product is the restraining factor which is expected to hamper the global intravenous infusion pump market.
Market Segmentation
Global Intravenous Infusion Pump Market is segmented into product such as Infusion pumps (Implantable Infusion Pumps, Patient Controlled Analgesics, Ambulatory Infusion Pumps, Enteral Infusion Pumps, Syringe Infusion Pumps, Insulin Infusion Pumps, and Volumetric Infusion Pumps). Further, Global Intravenous Infusion Pump Market is segmented into disease indication such as Hematology, Pediatrics/Neonatology, Analgesia/Pain Management, Gastroenterology, Diabetics, Chemotherapy, and Others.
Also, Global Intravenous Infusion Pump Market is segmented into region such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Taxonomy
By Product
- Infusion pumps
- Implantable Infusion Pumps
- Patient Controlled Analgesics
- Ambulatory Infusion Pumps
- Enteral Infusion Pumps
- Syringe Infusion Pumps
- Insulin Infusion Pumps
- Volumetric Infusion Pumps
By Diseases Indication
- Hematology
- Pediatrics/Neonatology
- Analgesia/Pain Management
- Gastroenterology
- Diabetics
- Chemotherapy
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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