Global Chemotherapy Infusion Pumps Market Share Analysis 2024, Forecast To 2033

8 Oct, 2024

The chemotherapy infusion pump market size has grown strongly in recent years. It will grow from $4.64 billion in 2023 to $4.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to a shift to outpatient care, cancer incidence, healthcare infrastructure development, an aging population, and healthcare expenditure. The chemotherapy infusion pump market size is expected to see strong growth in the next few years. It will grow to $6.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to the expansion of home healthcare, increasing cancer incidence, awareness and screening programs, favorable regulatory policies, and faster approval processes for new medical devices. Major trends in the forecast period include the integration of smart technologies, home-based chemotherapy treatments, an emphasis on pumps with advanced safety features, customization and precision infusion pumps, and enhanced integration with EHR systems.

Global Chemotherapy Infusion Pumps Market Key Driver

The increasing incidence of cancer is expected to propel the growth of the chemotherapy infusion pumps market going forward. Cancer is characterized by the uncontrolled growth and spread of abnormal cells in the body and is driven by lifestyle modifications, inherited genetic predispositions, and a combination of genetic mutations and environmental factors, such as smoking, radiation, chemicals, and infectious agents. Chemotherapy infusion pumps assist cancer patients by delivering precise, continuous doses of chemotherapy drugs, optimizing drug administration, and minimizing side effects. For instance, in February 2024, according to the World Health Organization, a Switzerland-based intergovernmental organization, over 35 million new cancer cases are predicted in 2050, a 77% increase from the estimated 20 million cases in 2022. Therefore, the increasing cancer incidence will drive the chemotherapy infusion pump market.

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Global Chemotherapy Infusion Pumps Market Segments

The chemotherapy infusion pumps market covered in this report is segmented –
1) By Type: Large Volume Pumps, Syringe Pump, Elastomeric Pumps, Ambulatory Infusion Pumps, Other Types
2) By Usage: Disposable, Reusable
3) By End User: Hospitals, Clinics, Home Care, Other End Users
By Geography:The regions covered in the chemotherapy infusion pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. North America was the largest region in the chemotherapy infusion pump market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.

Major Chemotherapy Infusion Pumps Industry Players

Johnson & Johnson Services Inc., Medtronic plc, Becton Dickinson and Company, Baxter International Inc., Medline Industries LP, B. Braun Holding GmbH & Co. KG, Fresenius Kabi AG, Grifols S.A., Terumo Corporation, Nipro Corporation, Smiths Group plc, Moog Inc., Avanos Medical Inc., Halyard Health, Vygon SAS, Palex Medical SA, Samtronic SA, ICU Medical Inc., Pfm Medical Ag, Zyno Medical LLC, Leventon S.A.U., InfuTronix Solutions LLC, Heka Healthcare, PROMECON GmbH

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Chemotherapy Infusion Pumps Market Overview

Chemotherapy infusion pumps are medical devices designed to deliver precise, continuous doses of chemotherapy drugs to cancer patients. They help optimize drug administration, reduce side effects, and allow for treatments to be administered over extended periods, either in a hospital or at home.

Chemotherapy Infusion Pumps Global Market Report 2023 provides data on the global chemotherapy infusion pumps market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The chemotherapy infusion pumps market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.