Global Infusion Pumps Market
An infusion pump is a medical device used to deliver various fluids to the body in a controlled manner. The pump is generally used in intravenous drug delivery in hospitals, nursing homes, long-term care units, and home health care settings. Infusion pumps find extensive application in different medical procedures, such as chemotherapy, neonatology, analgesia, gastroenterology, hematology, and diabetes treatment and management.

Global Infusion Pumps Market Dynamics
The global infusion pumps market is estimated to garner around US$ 5,709.1 million in terms of value by 2027. Infusion pumps are used to administer insulin during the treatment of diabetes. Therefore, increasing prevalence of diabetes is expected to boost the growth of the global infusion pumps market over the forecast period. According to the American Diabetes Association, around 500 million prevalent cases of type 2 diabetes were reported worldwide in 2018.

Increasing geriatric population is further expected to supplement the growth of the global infusion pumps market in the foreseeable future. People aged 65 years and above may require infusion pumps for administering medication. The World Health Organization reported that of the global population is likely to double in size over the next 60 years.

Increasing product recall is expected to hinder growth of the global infusion pumps market over the forecast period. For instance, in May 2019, BD recalled the Alaris infusion sets for pump model 8100, owing to the possibility of an incomplete occlusion occurring on the pumping segment. However, lack of standard usage guidelines and skilled professionals is also expected to hinder the market growth. The use of infusion pumps is not uniform and proper documentation for usage and availability of drug libraries is currently lacking.

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Global Infusion Pumps Market - Opportunities
Key players in the market can focus on expanding their presence in emerging economies to enhance their market share. For instance, in April 2018, B. Braun Medical Industries officially opened five new and enhanced production plants and other administrative buildings in Penang, Malaysia, for manufacturing medical devices for infusion therapy. Furthermore, in October 2019, B. Braun Medical Inc. collaborated with STANLEY Healthcare to integrate and deploy its Space Infusion Pump Systems with STANLEY Healthcare’s software platform, Aeroscout RTLS MobileView, at Saratoga Hospital, located in Saratoga Springs, New York.

Moreover, these market players are focused on R&D of advanced infusion pumps to expand their product portfolio. For instance, in July 2018, Shift Labs, an infusion technology provider partnered with Option Care Enterprises, Inc. to introduce the DripAssist Infusion Rate Monitor for home infusion care.

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Global Infusion Pumps Market – Regional Outlook
North America, followed by Europe, held the dominant position in the global infusion pumps market in 2018, accounting for 37.3% share in terms of volume. Several countries of Europe have to adopt only approved products with a CE mark. However, reporting of adverse events is not as clear as in the U.S. FDA. Moreover, there is lack of clear reporting of clinical outcomes at a country level.

Global Infusion Pumps Market - Competitive Landscape
The key players operating in the global infusion pumps market include B. Braun Melsungen AG, CareFusion Corporation, Fresenius Kabi AG, Terumo Corporation, Medtronic Plc., Baxter International Inc., Smiths Medical, MOOG Inc., Johnson & Johnson Private Ltd., and Hospira Inc.

Global Infusion Pumps Market: Key Developments
Key players in the market are focused on adopting collaboration and partnership strategies, as well as establishing new distribution centers to enhance their market share. For instance, in June 2019, Bainbridge Health implemented its infusion pump safety solution at Nemours Children’s Hospital in Orlando, Florida. In January 2019, Med One Group established new distribution centers in California that are equipped with a variety of medical equipment to rent including infusion pumps.

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