Infusion Pumps And Accessories Market Size (2024 - 2029)

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 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.