Registering a CAGR of 2.4% over the forecast period of 2022-2027, the global Ambulatory IV Infusion Pumps market is anticipated to reach the market value of $823.5 million in the year 2027 from $625.7 million in the year 2021.
Ambulatory infusion pumps are generally plastic handheld devices comprising of a disposable syringe, collapsible bag reservoir, and a tool for propelling the infusate, a flow-control mechanism, and a means of displaying alarm conditions and/or user prompts. These are suited for delivering fluids in huge or minor volumes and could be used to provide nutrients or medications such as insulin or other hormones, antibiotics, chemotherapy drugs, and pain relievers.
Growing aging population is expected to increase the prevalence of oncology cases thus contributing to the growth of the ambulatory IV infused pumps market. Cancer is a disease of old age and injecting the medication using chemotherapy infusion pumps is increasing the demand in the industry. The old population is growing fast across the globe and it is projected to continue over the forecast period. By 2029, the population aged 65 year and above is expected to reach approximately 71 million in the USA. By 2050, the percentage of senior citizens in Japan is expected to grow to 41%. According to National Center for Biotechnology Information, about 60% of cancer cases arises in people with 65 years or older and 75% of deaths caused by cancer in this stage. The expected increase in the aging population suffering from cancer is expected to drive the ambulatory IV infused pumps market.
12 Jun 2019: Ivenix Infusion System wins 510(k) clearance from FDA--
The US Food and Drug Administration (FDA) has issued 510(k) clearance for the Ivenix Infusion System, ushering in a new era of infusion systems designed to make infusions safer, while lowering the total cost of ownership. Ivenix looks to disrupt the $4.7 billion North American infusion market, which has been fraught with dangerous and costly errors associated with legacy technologies. The Ivenix Infusion System is the first and only large-volume pump and infusion system designed from the ground up to meet the new FDA infusion pump guidelines, adopted in 2014 to address the recurring safety problems associated with infusion pumps.
April 14, 2021: Medtronic Announces European Launch of World's First Infusion Set with Wear up to Seven Days to Help Reduce Burden for People with Diabetes--
Medtronic plc(opens new window) (NYSE: MDT), the global leader in medical technology, today introduced in select European countries the Medtronic Extended infusion set — the first and only infusion set that can be worn for up to 7 days. An infusion set is tubing that delivers insulin from the pump to the body and typically requires a set change every few days.
Ambulatory IV Infusion Pumps Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications, it is segmented into
North America was the largest region in the ambulatory IV infusion pumps market, accounting for 36.4% of the total in previous year. It was followed by the Western Europe, Eastern Europe and then the other regions. Further, the fastest rising regions in the ambulatory IV infusion pumps market will be Eastern Europe and Western Europe where growth will be at CAGRs of 3.3% and 2.4% respectively during 2020-2025. These will be followed by Asia Pacific and Middle East, where the markets are expected to register CAGRs of 2.2% and 2.2% respectively during 2021-2025.
The Ambulatory IV Infusion Pumps Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Ambulatory IV Infusion Pumps Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 2.4% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Becton, Dickinson and Company, Baxter International, B. Braun Holding GmbH & Co. KG, Smiths Medical, ICU Medical, Inc.,Terumo Corporation, Medtronic, IRadimed Corporation, Nipro Corporation, Sinomdt, Mindray, SCHILLER Healthcare India Pvt. Ltd., Johnson & Johnson, GE Healthcare, Covidien Healthcare India Private Limited, Agappe Diagnostics Ltd, ARKRAY Healthcare Pvt. Ltd, Accord Medical Products Private Limited, Shinva Medical Instrument Company Limited, Shandong WeiGao Group Medical Polymer Company Limited, Lepu Medical Technology Company Co., Ltd, Yuwell - Jiangsu Yuyue Medical Equipment & Supply Co., Ltd, Shanghai Runda Medical Technology Co., Ltd., Ambu Inc., Ivenix ,Fresenius Medical Care, Siemens, Stryker, St. Jude, Draegerwerk AG, Getinge Group, Masimo, Teleflex Inc, Fisher & Paykel Healthcare Corporation Limited, Eitan Group, Q Core Medical |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 137 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Ambulatory IV Infusion Pumps Market?
The Ambulatory IV Infusion Pumps Market is growing at a CAGR of 2.4% over the next 5 years.
Who are the key players in Ambulatory IV Infusion Pumps Market?
Becton, Dickinson and Company, Baxter International, B. Braun Holding GmbH & Co. KG, Smiths Medical, ICU Medical, Inc.,Terumo Corporation, Medtronic, IRadimed Corporation, Nipro Corporation, Sinomdt, Mindray, SCHILLER Healthcare India Pvt. Ltd., Johnson & Johnson, GE Healthcare, Covidien Healthcare India Private Limited, Agappe Diagnostics Ltd, ARKRAY Healthcare Pvt. Ltd, Accord Medical Products Private Limited, Shinva Medical Instrument Company Limited, Shandong WeiGao Group Medical Polymer Company Limited, Lepu Medical Technology Company Co., Ltd, Yuwell - Jiangsu Yuyue Medical Equipment & Supply Co., Ltd, Shanghai Runda Medical Technology Co., Ltd., Ambu Inc., Ivenix ,Fresenius Medical Care, Siemens, Stryker, St. Jude, Draegerwerk AG, Getinge Group, Masimo, Teleflex Inc, Fisher & Paykel Healthcare Corporation Limited, Eitan Group, Q Core Medical
What are the significant types of Ambulatory IV Infusion Pumps Market?
Disposable Infusion Pumps, Chemotherapy Infusion Pump, Others
What are the major end-use applications of Ambulatory IV Infusion Pumps Market?
Hospitals, Home Healthcare, Others
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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