Infusion Pumps Industry Growth, Development and Forecast Report, 2030

NEW YORK - Oct. 10, 2024 - PRLog -- The infusion pumps market is projected to expand at a CAGR of 8.7%, reaching USD 27,133.7 million by 2030.

This growth is attributed to the rising prevalence of chronic diseases, increasing adoption of home infusion therapies, an aging global population, rising cases of hospital-acquired infections (HAIs), and technological advancements.

Historically, accessories and consumables held the largest market share due to their widespread availability and frequent need for replacement globally.

In 2021, the devices segment accounted for 45% of the market, with insulin pumps leading the charge. This dominance is expected to continue, driven by the reliability and availability of insulin pumps. Awareness programs promoting long-term diabetes care are also fueling market growth.

Traditional infusion pumps are expected to witness faster growth, with a projected increase of around 10% in demand. These pumps are used to administer pain medications, chemotherapy drugs, antibiotics, and hydration fluids in homecare and long-term care settings.

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The homecare category, with a revenue share of approximately 30%, is expected to grow the fastest. Factors such as the rising incidence of cardiovascular diseases, diabetes, respiratory disorders, high hospitalization costs, and the growing elderly population are driving this growth.

According to P&S Intelligence, North America generates the highest revenue in the infusion pumps market, followed by Europe. This dominance is supported by a well-developed healthcare infrastructure, high adoption of advanced medical devices, and a growing elderly population.

In Europe, diabetes is becoming more prevalent, with 35 million adults diagnosed in 2019, up from 17 million in 2000. The Asia-Pacific (APAC) region will continue to see rising demand for infusion pumps, driven by increasing obesity rates, heightened awareness of diabetes and obesity management, and growing healthcare spending.

Moreover, government initiatives, particularly in China and India, to improve healthcare infrastructure and raise awareness about infusion pumps are boosting the regional market.

With the global aging population on the rise, the demand for infusion pumps will continue to increase in the near future.