The global Infusion Pumps market is valued at 11.27 million USD in 2017 and is expected to reach 17.96 million USD by the end of 2025, growing at a CAGR of 6% between 2017 and 2025.
Factors that are attributed to this expected growth include increasing population with chronic diseases, growing geriatric population, rising demand for ambulatory pumps, and rapid growth in number of surgeries conducted.
Among various regions, India and China as emerging markets have significant potential in boosting the growth of this market. As for end users, hospitals take the most market share due to its purchasing power and the concentrated patient population.
Infusion pump refers to the medical device that is used to provide control, accuracy, and precision in the delivery of fluids such as drugs, nutrients, and blood to patients during treatment. Infusion pumps are designed to deliver fluid at a proper rate and dose to prevent over dose or overspeed from happening. Common uses of infusion pumps include intensive care units (ICUs), emergency rooms, and operating rooms.