The infusion pumps market will grow at a rate of 8.7% in the years to come, to touch USD 27,133.7 million by 2030.
The growth of the industry is because of the rising incidence of chronic diseases, booming acceptance of home infusion treatments, burgeoning aging population, increasing cases of HAIs, and the developments in technology.
Accessories and consumables had a larger share in the industry in the past. This is largely because of the accessibility of a range of accessories and consumables and their repetitive purchases, globally.
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The share of the devices category was 45% in 2021. Insulin pumps led the industry, and the situation will persist in the future. This is because of the fact that they are more reliable than other devices and available in abundance. Additionally, numerous awareness programs are endorsing making people aware of effective long-term diabetes care, thus further propelling the industry.
Furthermore, increasing efforts of the government, particularly in China and India, for the development in healthcare infrastructure and the growing understanding about the usage of infusion pumps are propelling the regional market.
Due to the increasing elderly population all over the world, the demand for infusion pumps will continue to grow in the near future.