The global Next Generation Infusion Pump Market holds a forecasted share of USD 5059.7 million in 2022 and is likely to surpass USD 8509 million by 2032, moving ahead with a CAGR of 4.8% during the forecast period (2022 to 2032).
| Report Attribute | Details |
|---|---|
| Next Generation Infusion Pump Market Value (2022) | USD 5059.7 million |
| Next Generation Infusion Pump Market Anticipated Forecast Value (2032) | USD 8509 million |
| Next Generation Infusion Pump Market Projected Growth Rate (2022 to 2032) | 4.8% |
Next generation infusion pumps are a combination of an intuitive user interface, simplicity, state of the art information technology. They are inclined with an advanced pumping system, which measures flow to improve workflow efficiency and patient safety. Its smartphone-like user interface is designed to diminish interpretation and programming errors empowering end-user to save time and reduction in pump interactions.
Next generation infusion pumps are largely accepted by healthcare professionals because they provide more patient safety and efficacy. The technology used in regular infusion pumps hasn’t kept pace with advancements in the healthcare industry.
Advancements in the administration of intravenous medication, rising insistence for next generation infusion pumps from physicians, nurse anaesthetists and anaesthesiologists, and soaring acceptance of smart pumps are some of the key factors responsible for the growth of the market. Furthermore, the emergence of reduction systems with fewer dosage errors shall bolster the next generation infusion pumps market growth.
According to a report published by the institute of medicine in 2007, from the year 2005 to 2009, 710 deaths and more than 56,000 adverse events were reported to FDA, most amongst medical technologies, adding more than USD 2 Billion to annual healthcare costs in the USA.
On the other hand, next generation infusion pumps provide enough functionality, flexibility, scalability, affordability and ease of use needed for changing needs of the healthcare system, indicating robust growth in next generation infusion pump market over the forecast period.
Next generation infusion pumps attribute high integration between the pump and hospital IT system, reducing errors. Moreover, diverse new technologies like implantable insulin pumps, in addition to delivering targeted, consistent medication, increases patient ease as well. The leading market players are focusing on safer operability, minimised chances of product recalls and enhanced product designs over the forecast period.
Insulin infusion pumps are dominating the next generation infusion pump market. However, the worldwide booming prevalence of diabetes is a key driver for next generation infusion pump market.
Increased R & D initiatives on IV drug administration for malnutrition,cancers, diabetes, AIDS, neurological disorders, and gastrointestinal disorders coupled with technological innovation, are anticipated to generate lucrative growth in next generation infusion pump market.
Over the forecast period, the next generation IV infusion pumps market will be fuelled by growing production capacity, government support for start-ups, and approval of regulatory policies.
Growing demand for homecare ambulatory infusion pumps has been observed for the treatment of diseases like diabetes and cancer. A portable and wearable infusion pump is specially designed for ambulatory use.
Increasing advances in the field of infusion treatments have led to a global rise in sales of next-generation infusion pumps. Intravenous therapy is needed across a wide range of healthcare domains, and this factor is expected to drive huge revenues into the global market.
Medical spending by the masses and healthcare professionals has contributed to market growth. As a result, the global market for next-generation infusion pumps is forecast to generate substantial revenues in the years to come.
In the forecast period, a lack of standard guidelines for the use of products, product recalls, a lack of competent professionals and medicine dispensing errors are expected to hamper the growth of the next generation infusion pumps market.
The North American region is predicted to hold the largest market for next generation infusion pumps. It is expected to capture the largest market share based on the current market scenario.
North America is estimated to hold a significant share of 41.5% in the next generation infusion pump market witnessing growth owing to the presence of capable professionals, advances in healthcare infrastructure and major market players in the region.
Furthermore, rising R&D activities, increasing cases of chronic diseases, rising geriatric population, and improving insurance policies shall boost the next generation infusion pump market growth in the region.
The European next generation infusion pump market has a global market share accounting for 27.9% in 2022. The region is expected to increase its share during the forecast period owing to research and development activities, adoption of novel technologies, and partnerships between companies for the distribution and advancement of novel products.
The Europe region is anticipated to contribute maximum market revenue share in the next generation infusion pump market over the forecast period.
APEJ region is anticipated to witness crucial growth due to the growing healthcare infrastructure in the region. An increasing number of mid-sized hospitals are identified to be a major driver of the APEJ next generation infusion pump market growth.
Further, the continuous rise in the demand for advanced technologies and expansion of private hospitals in rural areas are boosting the demand for next-generation infusion pumps in APEJ.
The players leading in next generation infusion pump market include Ivenix, Inc, Zyno medical, B. Braun Melsungen AG, Baxter International, Inc., Fresnius Kabi AG, F. Hoffmann-la Roche Ltd., Becton Dickinson and Co., Johnson & Johnson (USA), Pfizer (Hospira) Inc., Smiths Medical and others.
Eitan Medical received EU MDR clearance for the Sapphire infusion system. Eitan Medical’s Sapphire infusion system provides clinicians in medical clinics and home care environments throughout Europe with an improved workflow, increasing its convenience.
Baxter International Inc announced on May 20, 2020, that CE marking and regulatory approval from Australia’s Therapeutic Goods Administration (TGA) for the Evo IQ Syringe Infusion System. Hospitals in the United Kingdom, Ireland, Greece, Australia, and New Zealand are expected to receive the new system first, with additional countries to follow in a series of regulatory submissions.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.8% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | By Type, By Application, By Source, By Foam, Region Forecast till 2032 |
| Countries Covered | North America, Europe, APEJ, The Latin America, MEA |
| Key Companies Profiled | Ivenix, Inc; Zyno medical; B. Braun Melsungen AG; Baxter International, Inc.; Fresnius Kabi AG; F. Hoffmann-la Roche Ltd.; Becton Dickinson and Co.; Johnson & Johnson (USA); Pfizer (Hospira) Inc.; Smiths Medical; Others |
| Customization | Available Upon Request |
Table 1: Global Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 2: Global Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 3: Global Next Generation Infusion Pump Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 4: North America Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 5: North America Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 6: North America Next Generation Infusion Pump Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 7: Latin America Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 8: Latin America Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 9: Latin America Next Generation Infusion Pump Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 10: Europe Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 11: Europe Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 12: Europe Next Generation Infusion Pump Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 13: Asia Pacific Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 14: Asia Pacific Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 15: Asia Pacific Next Generation Infusion Pump Market Value (US$ Mn) Forecast by End User, 2017-2032
Table 16: MEA Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 17: MEA Next Generation Infusion Pump Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 18: MEA Next Generation Infusion Pump Market Value (US$ Mn) Forecast by End User, 2017-2032
Figure 1: Global Next Generation Infusion Pump Market Value (US$ Mn) by Application, 2022-2032
Figure 2: Global Next Generation Infusion Pump Market Value (US$ Mn) by End User, 2022-2032
Figure 3: Global Next Generation Infusion Pump Market Value (US$ Mn) by Region, 2022-2032
Figure 4: Global Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 5: Global Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 6: Global Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 7: Global Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 8: Global Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 9: Global Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 10: Global Next Generation Infusion Pump Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 11: Global Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 12: Global Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 13: Global Next Generation Infusion Pump Market Attractiveness by Application, 2022-2032
Figure 14: Global Next Generation Infusion Pump Market Attractiveness by End User, 2022-2032
Figure 15: Global Next Generation Infusion Pump Market Attractiveness by Region, 2022-2032
Figure 16: North America Next Generation Infusion Pump Market Value (US$ Mn) by Application, 2022-2032
Figure 17: North America Next Generation Infusion Pump Market Value (US$ Mn) by End User, 2022-2032
Figure 18: North America Next Generation Infusion Pump Market Value (US$ Mn) by Country, 2022-2032
Figure 19: North America Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 20: North America Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 21: North America Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 22: North America Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 23: North America Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 24: North America Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 25: North America Next Generation Infusion Pump Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 26: North America Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 27: North America Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 28: North America Next Generation Infusion Pump Market Attractiveness by Application, 2022-2032
Figure 29: North America Next Generation Infusion Pump Market Attractiveness by End User, 2022-2032
Figure 30: North America Next Generation Infusion Pump Market Attractiveness by Country, 2022-2032
Figure 31: Latin America Next Generation Infusion Pump Market Value (US$ Mn) by Application, 2022-2032
Figure 32: Latin America Next Generation Infusion Pump Market Value (US$ Mn) by End User, 2022-2032
Figure 33: Latin America Next Generation Infusion Pump Market Value (US$ Mn) by Country, 2022-2032
Figure 34: Latin America Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 35: Latin America Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 36: Latin America Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 37: Latin America Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 38: Latin America Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 39: Latin America Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 40: Latin America Next Generation Infusion Pump Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 41: Latin America Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 42: Latin America Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 43: Latin America Next Generation Infusion Pump Market Attractiveness by Application, 2022-2032
Figure 44: Latin America Next Generation Infusion Pump Market Attractiveness by End User, 2022-2032
Figure 45: Latin America Next Generation Infusion Pump Market Attractiveness by Country, 2022-2032
Figure 46: Europe Next Generation Infusion Pump Market Value (US$ Mn) by Application, 2022-2032
Figure 47: Europe Next Generation Infusion Pump Market Value (US$ Mn) by End User, 2022-2032
Figure 48: Europe Next Generation Infusion Pump Market Value (US$ Mn) by Country, 2022-2032
Figure 49: Europe Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 50: Europe Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 51: Europe Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 52: Europe Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 53: Europe Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 54: Europe Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 55: Europe Next Generation Infusion Pump Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 56: Europe Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 57: Europe Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 58: Europe Next Generation Infusion Pump Market Attractiveness by Application, 2022-2032
Figure 59: Europe Next Generation Infusion Pump Market Attractiveness by End User, 2022-2032
Figure 60: Europe Next Generation Infusion Pump Market Attractiveness by Country, 2022-2032
Figure 61: Asia Pacific Next Generation Infusion Pump Market Value (US$ Mn) by Application, 2022-2032
Figure 62: Asia Pacific Next Generation Infusion Pump Market Value (US$ Mn) by End User, 2022-2032
Figure 63: Asia Pacific Next Generation Infusion Pump Market Value (US$ Mn) by Country, 2022-2032
Figure 64: Asia Pacific Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 65: Asia Pacific Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 66: Asia Pacific Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 67: Asia Pacific Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 68: Asia Pacific Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 69: Asia Pacific Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 70: Asia Pacific Next Generation Infusion Pump Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 71: Asia Pacific Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 72: Asia Pacific Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 73: Asia Pacific Next Generation Infusion Pump Market Attractiveness by Application, 2022-2032
Figure 74: Asia Pacific Next Generation Infusion Pump Market Attractiveness by End User, 2022-2032
Figure 75: Asia Pacific Next Generation Infusion Pump Market Attractiveness by Country, 2022-2032
Figure 76: MEA Next Generation Infusion Pump Market Value (US$ Mn) by Application, 2022-2032
Figure 77: MEA Next Generation Infusion Pump Market Value (US$ Mn) by End User, 2022-2032
Figure 78: MEA Next Generation Infusion Pump Market Value (US$ Mn) by Country, 2022-2032
Figure 79: MEA Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 80: MEA Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 81: MEA Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 82: MEA Next Generation Infusion Pump Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 83: MEA Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 84: MEA Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 85: MEA Next Generation Infusion Pump Market Value (US$ Mn) Analysis by End User, 2017-2032
Figure 86: MEA Next Generation Infusion Pump Market Value Share (%) and BPS Analysis by End User, 2022-2032
Figure 87: MEA Next Generation Infusion Pump Market Y-o-Y Growth (%) Projections by End User, 2022-2032
Figure 88: MEA Next Generation Infusion Pump Market Attractiveness by Application, 2022-2032
Figure 89: MEA Next Generation Infusion Pump Market Attractiveness by End User, 2022-2032
Figure 90: MEA Next Generation Infusion Pump Market Attractiveness by Country, 2022-2032
The growth potential of the next generation infusion pump market can value at USD 8509 Million by 2032.
The next generation infusion pump market is expected to grow at a CAGR of 4.8% from 2022 to 2032.
The next generation infusion pump market is projected to grow by USD 5059.7 million in 2022.
North America dominates the next generation infusion pump market.
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Next Generation Infusion Pump Market
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