Infusion Pumps and Accessories Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 10.97 Billion |
| Market Size (2029) | USD 13.65 Billion |
| CAGR (2024 - 2029) | 4.47 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Infusion Pumps and Accessories Market Analysis
The Infusion Pumps And Accessories Market size is estimated at USD 10.97 billion in 2024, and is expected to reach USD 13.65 billion by 2029, growing at a CAGR of 4.47% during the forecast period (2024-2029).
The COVID-19 pandemic brought infusion pumps to the forefront since the demand for infusion pumps surged considerably during the COVID-19 lockdown, as the number of COVID-19 cases increased faster with growing hospital admissions. The demand for intravenous infusion therapies was higher during the first wave of the pandemic to provide essential nutrients to sepsis patients in the intensive care unit (ICU). For instance, an article published in May 2022 in PubMed stated that sepsis was present in 32.5% of total COVID-19 hospitalizations, of which 70.8% of sepsis were due to SARS-CoV-2 alone and 26.2% were due to both SARS-CoV-2 and non-SARS-CoV-2 infections. Infusion pumps were, therefore, frequently employed for IV fluid delivery for sepsis-affected patients, which further propelled the market expansion during the pandemic.
Thus, overall, the pandemic offered healthy growth for the market due to the increase in the patient pool in healthcare settings. However, the increase in the utilization of next-generation infusion systems, advancements in infusion bags, and the rise in chronic diseases, accidents, and blood transfusions are expected to bolster the market growth in the coming years.
The infusion pumps and accessories market is primarily driven by the rising incidence of chronic diseases, such as cancer and others, coupled with the rising adoption of infusion devices. Infusion pumps are widely used in chemotherapy, diabetes management, and many other applications. The rising prevalence of these diseases worldwide creates ample opportunities for the market to grow. Patients with cancer are more prone to hypovolemia, which is the absence of water in the extracellular space due to excessive fluid loss (such as vomiting and diarrhea) or insufficient fluid intake.
An increase in cancer cases is expected to raise the demand for pressure infusion bags, bolstering market growth. For instance, according to the American Cancer Society 2023 Cancer Statistics, the new cancer cases are estimated to be 1.93 million in the United States in 2023. This estimation includes 1.01 million males and 948,000 cases of females. The high burden of cancer is augmenting the demand for infusion pumps and accessories, thereby boosting market growth over the forecast period.
Moreover, increased clinical research activities involving infusion-related drug delivery are expected to bolster market growth over the forecast period. For instance, in November 2022, TriSalus Life Sciences, Inc., an oncology therapeutics company, publicized the additional information regarding its ongoing Pressure-Enabled Regional Immuno-Oncology ('PERIO 01') and ('PERIO 02') clinical studies for primary and metastatic liver tumors. The TriSalus platform comprises the TriNav Infusion System and SD-101, a class C toll-like receptor 9 (TLR9) agonist. TriNav is an FDA-cleared device designed to administer established and emerging therapeutics.
Additionally, technological advancements in device technology and innovative product launches by the key players are likely to fuel market growth. For instance, in February 2021, United Therapeutics launched the Remunity Pump for remodeling drug delivery, which helps to improve the lives of patients with pulmonary arterial hypertension (PAH). Similarly, in February 2021, Mindray Medical launched BeneFusion E series-ESP, EVP, and EDS, new infusion systems for expanding its product portfolio.
Hence, owing to the rise in chronic diseases and rapid advancements in infusion pumps coupled with product launches by the key players, the market is anticipated to grow significantly over the forecast period. However, the higher cost of infusion pumps and the associated safety issues are expected to restrain the market growth over the forecast period.
Infusion Pumps and Accessories Market Trends
Volumetric Infusion Pumps Segment Is Expected to Witness a Significant Growth Over the Forecast Period
Volumetric infusion pumps have many applications in disease management and parenteral nutrition. The safety, accuracy, and simplicity of volumetric infusion pumps in treating many therapeutic areas contribute to the high demand for these pumps. The volumetric infusion pump segment is expected to witness significant growth owing to the rise in blood and drug transfusion cases and the increase in strategic product launches by the key players.
The increasing number of injuries and trauma cases is expected to raise the demand for drug infusions, which is anticipated to drive the growth of the segment over the study period. For instance, the Road Safety Observatory report published in February 2022 stated that the number of injury accidents recorded by police forces in France was 3,728 in January 2022, which was higher than that of 2021 (3,508). The rising burden of road accidents leads to blood loss and creates the need for emergency transfusion, further projected to boost the segment growth over the forecast period.
Furthermore, the advancements and the emergence of innovative volumetric pumps, along with the increase in regulatory approvals, are expected to bolster segment growth. For instance, in March 2022, Fresenius Kabi received regulatory clearance from the FDA for its wireless Agilia connect infusion system, which includes the Agilia volumetric pump and the Agilia syringe pump with the vigilant software suite Vigilant Master Med technology. The Agilia Connect volumetric pump and syringe pump is one of the first to be cleared by following TIR101 standards developed by the Association for the Advancement of Medical Instrumentation (AAMI) in 2021.
Additionally, the major players are focusing on research and development activities, which is expected to boost the growth of the market segment. For instance, in November 2021, Zealand Pharma and DEKA Research & Development Corp. signed an agreement to advance the development of an infusion pump that can be used with glucagon for the treatment of congenital hyperinsulinism (CHI).
Thus, due to the aforementioned factors, such as the rising prevalence of chronic diseases and technological advancement, the studied segment is expected to witness healthy growth over the study period.
North America is Anticipated to Hold a Significant Market Share Over the Forecast Period
North America is expected to hold a significant market share in the infusion pumps and accessories market owing to the surge in chronic disorders, high healthcare expenditures, the increasing surgical treatments for chronic diseases, the increased R&D expenditure, and the presence of key players in the region. For instance, according to the data published by the CDC in July 2022, the cesarean delivery rate in the United States increased to 32.1% in 2021 from 31.8% in the previous year. Thus, the rising number of cesarean section surgeries is expected to boost the usage of infusion bags and accessories for blood and other drug delivery purposes, fueling market growth.
Moreover, blood transfusions are crucial in the treatment of cancer because they assist the body in getting healthy blood cells. Additionally, certain malignancies (particularly those of the digestive system) result in internal bleeding, which worsens anemia and the patient's condition. Thus, a high burden of cancer cases is expected to utilize infusion pumps and related accessories. For instance, according to the 2022 statistics published by the Canadian Cancer Society, about 233,900 cancer cases were diagnosed in Canada in 2022. Therefore, the high burden of cancer cases is expected to surge the demand for infusion pumps and accessories, leading to market growth over the study period.
Furthermore, the rising strategic activities by the key players, such as product launches, agreements, and collaboration in the North American region, are expected to bolster market growth over the forecast period. For instance, in November 2022, Medtronic plc launched an extended infusion set, one of the first infusion sets labeled for up to 7-day wear in the United States. The Medtronic Extended infusion set utilizes advanced materials that help reduce insulin preservative loss and maintain insulin flow and stability to double the wear time of an infusion set. Similarly, in May 2021, Smiths Medical partnered with Ivenix, Inc. to offer a comprehensive suite of infusion management solutions for healthcare needs in the United States.
Thus, due to the high prevalence of chronic diseases and strategic product launches by the key players, North America is expected to witness significant market growth over the study period.
Infusion Pumps and Accessories Industry Overview
The infusion pumps and accessories market is highly competitive and fragmented due to the presence of a large number of global and local players. Many key players are concentrating on various strategic activities like product launches, partnerships and collaborations to increase their presence across the globe. Some of the key global players in the infusion pumps and accessories market are Baxter International Inc., Becton, Dickinson and Company, Braun SE, Eli Lilly and Company, F. Hoffmann-la Roche Ltd, and Fresenius (Fresenius Kabi) among others.
Infusion Pumps and Accessories Market Leaders
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Becton, Dickinson and Company
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Medtronic Plc.
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Terumo Corporation
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B. Braun SE
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Fresenius (Fresenius Kabi)
*Disclaimer: Major Players sorted in no particular order
Infusion Pumps and Accessories Market News
- June 2023: Eitan Medical, a company focused on advanced infusion therapy and drug delivery solutions, completed the sale and transition of its wearable injectors business to LTS, a pharmaceutical technology company that develops and manufactures innovative drug delivery systems. The choice to sell the wearable injectors business was aligned with Eitan Medical's strategic emphasis on its core infusion treatment portfolio.
- February 2023: Mindray launched its BeneFusion i Series and u Series infusion systems featuring high precision, adaptive customization, and medication safety in a variety of clinical settings. The current generation of smart pumps can be used in endoscopy, obstetrics, cancer, emergency departments, and other fields because of their improved features to lower pharmaceutical mistakes, expedite workflow, and increase cost-effectiveness.
Infusion Pumps and Accessories Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Adoption Rate of Infusion Pumps
- 4.2.2 Rising Incidences of Chronic Disease
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4.3 Market Restraints
- 4.3.1 High Price of Infusion Pumps and Safety Issues Associated with Infusion Pumps
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Product Type
- 5.1.1 Infusion Pump Types
- 5.1.1.1 Syringe Infusion Pumps
- 5.1.1.2 Volumetric Infusion Pumps
- 5.1.1.3 Elastomeric Infusion Pumps
- 5.1.1.4 Insulin Infusion Pumps
- 5.1.1.5 Enteral Infusion Pumps
- 5.1.1.6 Other Product Types
- 5.1.2 Accessories/Disposables
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5.2 By Application
- 5.2.1 Gastroenterology
- 5.2.2 Diabetes Management
- 5.2.3 Hematology
- 5.2.4 Other Applications
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5.3 By End User
- 5.3.1 Hospitals
- 5.3.2 Ambulatory Surgery Center
- 5.3.3 Other End Users
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Baxter
- 6.1.2 Becton, Dickinson and Company
- 6.1.3 Braun SE
- 6.1.4 Eli Lilly and Company
- 6.1.5 Merit Medical
- 6.1.6 Fresenius (Fresenius Kabi)
- 6.1.7 ICU Medical Inc.
- 6.1.8 Eitan Medical Ltd.
- 6.1.9 Medtronic Inc.
- 6.1.10 Nipro Corporation
- 6.1.11 Option Care Health Inc.
- 6.1.12 Terumo Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityInfusion Pumps and Accessories Industry Segmentation
As per the scope of the report, infusion pumps and accessories deliver fluids, such as drugs and nutrients, to the patients. A trained person operates the infusion pumps, and the fluid delivery is regulated through the built-in software interface. The infusion pumps and accessories market is segmented by product type (infusion pump and accessories/disposables), application (gastroenterology, diabetes management, hematology, and other applications), end user (hospitals, ambulatory surgery centers, and other end users), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above-mentioned segments.
| By Product Type | Infusion Pump Types | Syringe Infusion Pumps |
| Volumetric Infusion Pumps | ||
| Elastomeric Infusion Pumps | ||
| Insulin Infusion Pumps | ||
| Enteral Infusion Pumps | ||
| Other Product Types | ||
| By Product Type | Accessories/Disposables | |
| By Application | Gastroenterology | |
| Diabetes Management | ||
| Hematology | ||
| Other Applications | ||
| By End User | Hospitals | |
| Ambulatory Surgery Center | ||
| Other End Users | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Infusion Pumps and Accessories Market Research FAQs
How big is the Infusion Pumps And Accessories Market?
The Infusion Pumps And Accessories Market size is expected to reach USD 10.97 billion in 2024 and grow at a CAGR of 4.47% to reach USD 13.65 billion by 2029.
What is the current Infusion Pumps And Accessories Market size?
In 2024, the Infusion Pumps And Accessories Market size is expected to reach USD 10.97 billion.
Who are the key players in Infusion Pumps And Accessories Market?
Becton, Dickinson and Company, Medtronic Plc., Terumo Corporation, B. Braun SE and Fresenius (Fresenius Kabi) are the major companies operating in the Infusion Pumps And Accessories Market.
Which is the fastest growing region in Infusion Pumps And Accessories Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Infusion Pumps And Accessories Market?
In 2024, the North America accounts for the largest market share in Infusion Pumps And Accessories Market.
What years does this Infusion Pumps And Accessories Market cover, and what was the market size in 2023?
In 2023, the Infusion Pumps And Accessories Market size was estimated at USD 10.48 billion. The report covers the Infusion Pumps And Accessories Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Infusion Pumps And Accessories Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Infusion Pump Industry Report
The infusion pump market is showing significant growth, driven by market trends and the increasing demand for advanced medical devices. The market size is expanding as more healthcare facilities adopt these technologies to improve patient care. The infusion pump market analysis reveals that the market growth is supported by innovations in product types and applications across various medical fields, including gastroenterology and diabetes management.
Industry analysis indicates that North America and Europe are leading in market share, while the Asia-Pacific region is also experiencing substantial market growth. The market forecast suggests continued expansion, with a positive market outlook for the coming years. This is further supported by industry reports and market research that highlight the growing adoption of infusion pumps in hospitals and ambulatory surgery centers.
The industry trends show a shift towards more sophisticated and user-friendly devices, which is expected to drive market value. Market segmentation highlights the diverse applications and end users of infusion pumps, contributing to the overall market review. The report example provides a comprehensive overview of the market, including market leaders and their strategies.
The industry statistics and market data underscore the importance of continuous innovation and adaptation to meet the evolving needs of the healthcare sector. The market predictions are optimistic, with a steady growth rate anticipated. This market overview is essential for research companies and stakeholders looking to understand the current market dynamics and future opportunities.
For more detailed information, the report PDF is available for download, offering an in-depth industry outlook and market segmentation analysis. The industry size and market trends discussed in this report provide valuable insights for anyone interested in the infusion pump market.
