Infusion Pump Market Analysis

Pump Type (Ambulatory, Enteral, Implantable, Insulin, Volumetric, PCA)

The global infusion pump market is segmented and analyzed for demand and supply by pump type into ambulatory, enteral, implantable, insulin, volumetric, PCA, and others, out of which, Over the forthcoming years, the insulin segment is expected to grow remarkably. The growth of the segment can be accounted to the rising utilization of insulin infusion pumps by people living with diabetes globally. For instance, in 2019, approximately 1 million people were anticipated to lose their lives due to diabetes across the globe. Moreover, the surge in the promising technological advancement in the insulin pump field is also propelling the growth of the infusion pump market over the forecast period.

End-user (Home Care Facility, Research Centers, Hospitals)

The global infusion pump market is also segmented and analyzed for demand and supply by end-user into home care facilities, research centers, hospitals, and others. Out of these three segments, the home care facility is anticipated to hold the largest share during the assessment period. The major factor that is attributed to segment growth is the rising adoption of ambulatory pumps and the high need for on-site care management. Another growth factor of the segment is expected to be the high costs associated with prolonged hospitalization which increases the preference for infusion pumps in home care settings. On the other hand, the hospital segment is also projected to garner a notable revenue generation by the end of the forecast period. The presence of a high number of hospitals around the globe along with advanced facilities for infusion pump installation and rising global healthcare expenditure are the major factors that are expected to fuel the adoption rate of the infusion pump in the future. According to the World Bank, in 2019, the global health expenditure reached USD 1,121.9 per capita. Furthermore, other factors that are anticipated to contribute positively to segment growth are the rising government support to develop hospital infrastructure and favorable policies associated with hospitals along with the rising patient pool visiting hospitals daily.

Our in-depth analysis of the global market includes the following segments: