According to the latest report by Reports and Data, the global Infusion Pump Market size is predicted to reach USD 28.01 Billion by 2030, with a revenue CAGR of 9.4% over the forecast period. This growth is attributed to the increasing adoption of infusion pumps for the treatment of chronic diseases, such as cardiovascular disease, and the rapid implementation of advanced technologies in infusion pumps.

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Furthermore, the growing prevalence of cancer, chronic pain, and diabetes is expected to drive market revenue growth. The market's portability and high durability are also driving adoption of infusion pumps.

However, challenges such as medication errors associated with infusion pumps can hamper revenue growth of the market during the forecast period. Additionally, issues related to electrical and mechanical failure can make it difficult to operate this device in a busy hospital environment.

This creates challenges in creating modeled designs according to consumer needs, which is expected to restrain market revenue growth during the forecast period.

The devices segment is expected to account for the largest revenue share in the global infusion pump market between 2022 and 2030. The increasing demand for infusion pumps in medical emergency centers to deliver fluid at automated intervals is driving revenue growth of this segment.

The ambulatory segment is expected to register a rapid revenue growth rate over the forecast period. The increasing demand for ambulatory infusion pumps in home care settings is expected to drive revenue growth of this segment.

The Asia-Pacific market is expected to register a steady revenue CAGR in the global market over the forecast period. The increasing aging population in countries in the region is expected to drive market revenue growth. Infusion pumps are widely used in the geriatric population, as it is an improved method to administer medications, hormones, nutrition, and others, which is expected to support market revenue growth in Asia-Pacific.

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The companies profiled in the global market report include B. Braun Melsungen AG, Becton, Dickinson and Company, Baxter International, Inc., ICU Medical, Inc., Fresenius Kabi Oncology Limited, Eitan Medical, Micrel Medical Devices, Medtronic PLC, TERUMO, Co., and Avanos Medical, Inc. In July 2021, Eitan Medical announced opening of a new office in Germany to support its growing client base in Europe.

The global infusion pump market is segmented based on product type, application, material, end-use, and region. The product type segment includes devices, consumables and accessories. The application segment includes pain management, neonatology, oncology, hematology, diabetics management, gastroenterology, and others. The material segment includes battery, piston seal, needleless connectors, BLDC motor, barrel, catheter connector, check valve seal, electronic hybrid module, and others. The end-use segment includes hospitals, ambulatory care, homecare, and academic. The regional segment includes North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

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