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Infusion pumps market to reach USD 13.5 billion by 2025

The global infusion pumps market is expected to reach USD 18.9 billion by 2025, growing at a CAGR of 7 percent, predicts Persistence Market Research. A number of factors including the increasing incidence of chronic diseases, along with the rapid growth in the geriatric population, rising demand for ambulatory infusion pumps, and the growing volume of surgical procedures performed, are driving the infusion pumps market. In addition, untapped, emerging markets such as India and China and the growing adoption of specialty infusion pumps are offering significant growth opportunities for players operating in the infusion pumps market. However, product recalls, stringent regulatory requirements for new products, and the increasing adoption of refurbished infusion pumps are restraining the growth of this market to a certain extent. The accessories and consumables segment is expected to grow at the highest rate during 2020–2025. The large share and high growth of this segment can be attributed to the recurrent use of accessories and consumables and the increasing adoption of infusion pumps for the delivery of medications in a controlled environment.

In 2019, North America accounted for the largest share of the infusion pumps market. The large share of this region can primarily be attributed to the high adoption of specialty infusion pumps for the treatment of chronic diseases, increasing prevalence of chronic diseases, rising geriatric population, and the presence of many large hospitals in the region. Moreover, a large number of major global players are based in the US, owing to which the US is a center for innovation in the infusion pumps market.

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