U.S. will dominate the North American Infusion Pump Systems, Accessories and Software Market in 2022

Infusion pumps are currently utilized extensively in chemotherapy, diabetes treatment, and a variety of other purposes. The increased prevalence of various disorders around the world is fueling the market's expansion. According to the International Diabetes Federation (IDF) Diabetes Atlas Tenth Edition 2021, around 537 million persons (aged 20-79 years) were diagnosed with diabetes in 2021. According to the same source, the overall number of diabetics is expected to climb to 643 million by 2030 and 783 million by 2045.

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Global infusion pump systems, accessories and software market is expected to reach USD 19,724.91 million by 2029 from USD 8,816.51 million in 2021, with a CAGR of 10.9% in the forecast period of 2022 to 2029. Increasing demand for advanced medical technologies for diagnostic and treatment purposes and the growing incidence rate of acute and chronic diseases are some of the drivers boosting the growth of the market. Rising geriatric population base, increasing awareness about the availability of treatment options in the developing economies and rising personal disposable income are some other important market growth determinants.

North American Infusion Pump Systems, Accessories and Software Market

Rise in the geriatric population base globally is expected to drive the market's growth rate

Geriatric population is the most susceptible to developing chronic diseases and disorders. Therefore, rising geriatric populace all around the world is extremely vulnerable to developing heart diseases, respiratory diseases and other chronic diseases. This in turn will act as an important market growth determinant. Increased expenditure by public and private players on the development of healthcare infrastructure will also promote the market growth rate. Continuous research and development pertaining to the deployment of advanced healthcare technologies will yet again widen the scope of growth.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014-2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Infusion Pump Systems, Infusion Pump Accessories and Infusion Pump Management Softwares), Application (General Infusion, Pain And Anesthesia Management, Insulin Infusion, Enteral Infusion, Chemotherapy, Pediatrics/Neonatology, Hematology, Gastroenterology and Others), Type (Traditional Infusion Pumps and Specialty Infusion Pumps), Usage (Disposable and Reusable), Infusion Method (Intravenous, Arterial, Subcutaneous and Epidural), Infusion Type (Continuous Infusion and Intermittent Infusion), Operation Type (Syringe Pump, Elastomeric Pump, Peristaltic Pump, Multi-Channel Pump and Smart Pump), End User (Hospitals And Clinics, Home Healthcare, Ambulatory And Surgical Centers, and Others), Distribution Channel (Direct Tender and Retail Sales)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

B. Braun Melsungen AG (Germany), Baxter (U.S.), Fresenius Kabi (Germany), BD (U.S.), Medtronic (Ireland), F. Hoffmann-La Roche Ltd (Switzerland), ICU Medical, Inc. (U.S.), Ypsomed AG (Switzerland), Nipro Europe Group Companies (Belgium), Moog, Inc (U.S.)., AngioDynamics (U.S.), Teleflex Incorporated (U.S.), Shenzhen ENMIND Technology Co., Ltd. (China), Micrel Medical Devices (U.S.), Halyard Health (U.S.), ZynoMed (U.S.), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Terumo Medical Corporation (Japan), Care Everywhere LLC (U.S.), ZOLL Medical Corporation (U.S.), Samtronic Industria e Comercio LTDA (Brazil), Caesarea Medical Electronics (U.S.) among others            

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Segment Analysis:

Global infusion pump systems, accessories and software market is categorized based on product type, application, type, usage, infusion method, infusion type, operation type, end user and distribution channel.

  • On the basis of product type, the global infusion pump systems, accessories and software market is segmented into infusion pump systems, infusion pump accessories and infusion pump management softwares. In 2022, infusion pump systems segment is expected to dominate the global infusion pump systems, accessories and software market with a market share of 48.0% due to the ability to deliver fluids in very small volumes and at precisely programmed rates or automated intervals.
  • On the basis of application, the global infusion pump systems, accessories and software market is segmented into general infusion, pain and anaesthesia management, insulin infusion, enteral infusion, chemotherapy, pediatrics/neonatology, hematology, gastroenterology and others. In 2022, general infusion pumps segment is expected to dominate global infusion pump systems, accessories and software market with a market share of 22.8% owing to increasing use of delivery fluids such as nutrients and medications in case of emergencies followed by the growing technological advancements in infusion pumps systems.
  • On the basis of type, the global infusion pump systems, accessories and software market is segmented into traditional infusion pumps and specialty infusion pumps. In 2022, traditional infusion pumps segment is expected to dominate global infusion pump systems, accessories and software market with a market share of 53.4% due to increasing incidence of chronic diseases along with the rapid growth of the geriatric population.
  • On the basis of usage, the global infusion pump systems, accessories and software market is segmented into into disposable and reusable. In 2022, disposable segment is expected to dominate the global infusion pump systems, accessories and software market with a market share of 53.8% due to their light weight, small size, simplicity of use, independence from an external power supply, elimination of programming errors, and disposability.
  • On the basis of infusion method, the global infusion pump systems, accessories and software market is segmented into intravenous, arterial, subcutaneous and epidural. In 2022, intravenous segment is expected to dominate the global infusion pump systems, accessories and software market with a market share of 38.1%due to high prevalence of chronic diseases followed by the growing technological advancements in infusion pumps systems.
  • On the basis of infusion type, the global infusion pump systems, accessories and software market is segmented into continuous infusion and intermittent infusion. In 2022, continuous infusion segment is expected to dominate the global infusion pump systems, accessories and software market with a market share of 66.8% due to as it provides a steady state concentration of microbubbles and reduces the likelihood of artefacts. It also allows calculation of myocardial blood flow, as both myocardial blood volume and microbubble velocity can be calculated if there is a steady-state concentration of contrast.
  • On the basis of operation type, the global infusion pump systems, accessories and software market is segmented into syringe pump, elastomeric pump, peristaltic pump, multi-channel pump and smart pump. In 2022, syringe pump segment is expected to dominate the global infusion pump systems, accessories and software market with a market share of 28.5%due to fast and easy to use. Syringe pumps allow the user to define the total volume of fluid and deliver it at an accurate speed. High-Pressure Syringe pumps are capable of setting a target pressure or control at constant pressure to run the experiment.
  • On the basis of end user, the global infusion pump systems, accessories and software market is segmented into hospitals and clinics, home healthcare, ambulatory and surgical centers and others. In 2022, the hospitals and clinics segment is expected to dominate the infusion pump systems, accessories and software market with a market share of 46.3% because hospitals patients have all the facilities. They can directly contact doctors who can diagnose the disease and take effective treatment with doctors' advice who are experts.

Hospitals and clinics is expected to dominate the end users segment in the global infusion pump systems, accessories and software market

Rising number of hospitals and clinics all especially in the developing economies has emerged as a major factor responsible for bolstering the growth of this segment. The hospitals and clinics segment is projected to hold more than 46% of the total end user segment share. This is because of the rising awareness about the availability of treatment options and increasing incidence rate of chronic diseases globally. 

  • On the basis of distribution channel, the global infusion pump systems, accessories and software market is segmented into direct tender and retail sales. In 2022, the direct tender segment is expected to dominate the infusion pump systems, accessories and software market with a market share of 57.8% because direct tenders have no requirement of doctors' prescriptions and can be easily purchased for use.

Direct tender is expected to dominate the end users segment in the global infusion pump systems, accessories and software market

Growth and expansion of the retailer and wholesaler market and rising number of new players is the major factor fostering the dominance of this segment. Further, direct tenders have no requirement of doctors' prescriptions and can be easily purchased for use. This will yet again widen the scope of growth.

Major Players

Data Bridge Market Research recognizes the following companies as the major syndromic multiplex diagnostic market players in advanced wound care market are Nipro Europe Group Companies (Belgium), Moog, Inc (U.S.)., AngioDynamics (U.S.), Teleflex Incorporated (U.S.), Shenzhen ENMIND Technology Co., Ltd. (China), Micrel Medical Devices (U.S.) and Halyard Health (U.S.).

North American Infusion Pump Systems, Accessories and Software Market

Market Development

  • In August 2020, Ivenix, Inc., announced the launch of Epic, a smart pump for prevention of medical errors interoperability. This helps in advancing patient outcomes, clinical quality and operational efficiency in infusion delivery. This results in automate testing, reducing the implementation timeline and resources to synchronize the drug library with the formulary.
  • In February 2021, Mindray Medical announced the release of the BeneFusion e series, which includes the eSP, eVP, and eDS, which offer stable and seamless infusions via a smooth automatic multi-channel relay with SmartAIR technology. The BeneFusion e Series, a new efficient infusion system for the healthcare business, has been presented by Mindray, a global pioneer in the creation of innovative healthcare technologies. The BeneFusion e Series, which comes in three models: eSP, eVP, and eDS, improves productivity, safety, application, and informatics. Only a few nations and areas will have access to this brand-new series.

Regional Analysis

Geographically, the countries covered in the infusion pump systems, accessories and software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in infusion pump systems, accessories and software market during the forecast period 2022 - 2029

North America is dominating the global infusion pump systems, accessories and software market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. The U.S. is dominating due to the presence of major market players which provide the wide drug portfolio and well-developed healthcare infrastructure in this region. Also, existence of advanced healthcare technologies in this region is another reason for this region’s dominance in the global market.   

Asia-Pacific is estimated to be the fastest growing region in infusion pump systems, accessories and software market the forecast period 2022 - 2029

Asia-Pacific is expected to grow during the forecast period due to the increasing patient population and rapid development of infrastructural facilities in emerging economies in this region. In addition to this, rising level of private and public expenditure on the development of healthcare industry infrastructure in the developing and backward economies and increasing per-capita income are expected propel the market's growth rate in this region. Also, increasing geriatric population base, surging incidence rate of chronic and acute disorders and diseases and rising medical tourism are some other important market growth determinants.

COVID-19 Impact Analysis

The COVID-19 pandemic thrust infusion pumps into the spotlight, as demand for them soared during the COVID-19 lockdown, as the number of Covid-19 cases climbed at a quicker pace than hospital admissions. The global infusion pump and accessory business will be moderately affected by the covid-19 outbreak. For example, the Food and Drug Administration (FDA) issued EUAs (Emergency Use Authorizations) in July 2020 to help enhance the availability of infusion pumps and infusion pump accessories, which are critical for treating patients during COVID-19 pandemics. In addition, market participants are changing their long- and short-term growth strategies by focusing on the consumables market and introducing innovative solutions to combat the pandemic, such as smart infusion pumps.  

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