The global infusion pumps & accessories market is anticipated to project a CAGR of 5.83% during the projected period. The rising demand for home healthcare and its increasing popularity, coupled with the widespread chronic diseases, are the market drivers estimated to push the market growth.
The growing application range of infusion pump and the rising geriatric population, are contributing to the growth of the market. The increasing number of patients, along with the availability of trained professionals, is resulting in increased adoption of infusion pumps. It is estimated that the hospitals would be the dominating end-user, during the forecasted period. The disposable medical supplies are vital for the hospitals, since they aid in the reduction of both, time and cost. Subsequently, there is an increasing demand for disposable medical supplies in order to curb contamination and infections. Thus, the accessories and disposables segment is estimated to contribute dearly to the market during the projected period. There is an increasing demand for better healthcare in developing countries, and this gives rise to many growth opportunities for the infusion pumps & accessories in these regions, especially the emerging markets. At the same time, the errors associated with the infusion pumps like broken components and alarm errors, is expected to pose a challenge for the growth of the infusion pumps & accessories market.
The global market for infusion pumps & accessories is studied after segregating into the market regions of Europe, North America, Asia Pacific, and the Rest of the World. The North American market region encompasses the largest market share, as a result of well-established healthcare facilities, and increased demands for advanced medical facilities. The Asia Pacific region with regard to the infusion pumps & accessories market is expected to witness the highest CAGR during the forecasted period. This is primarily due to the rising incidents of several chronic diseases.
Some of the major companies in the market include, CME Medical UK Ltd., Braun Melsungen Ag, Baxter International Inc., Icu Medical Inc., Fresenius Se & Co. KGaA, Becton, Dickinson And Company, etc.
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