Infusion Pump Market size was over USD 15.28 billion in 2024 and is expected to exceed USD 42.96 billion by the end of 2037, witnessing over 8.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of infusion pump is evaluated at USD 16.29 billion.
The growth of the market is primarily attributed to the higher prevalence of cancer across the globe. The World Health Organization (WHO) published a report stating that in 2020 almost 10 million people died on account of cancer, making the disease the leading cause of death worldwide. Besides this, the increasing ratio of chronic diseases such as neurological disorders and diabetes along with the advancement of drug delivery technologies are further factors that are boosting the market growth over the forecast period.
The global infusion pumps market trends such as the growing prevalence of kidney and other stomach-related diseases and ongoing advancements in medical technologies are projected to influence the growth of the market positively over the forecast period. It is observed that around 12% of the global population is living with chronic kidney disease (CDK) and around 1 million people die every year due to these diseases across the globe. Moreover, mounting spending on medicine R&D and significantly emerging demand for infusion pumps in home care facilities are further expected to flourish the growth of the market during the forecast period. For instance, as of 2021, around 0.04 million home care providers were functioning in the United States. Therefore, such factors are anticipated to hike the growth of the market over the forecast period. Also, the rising geriatric population which needs long-term care therapies, and the high focus of leading market players on on-site care management for specialty medicines is anticipated to impetus a significant revenue generation. Furthermore, the increase in the number of surgical procedures performed across the globe, growing cases of medication errors, and high demand for ambulatory infusion pumps are other factors that are anticipated to boost the growth of the global infusion pump market.
Author Credits: Radhika Pawar
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