Infusion Pumps Market - Global Analysis , Research and Forecast to 2026

The worldwide infusion pumps market is expected to grow at a CAGR of 9.3% over the forecast period. Some of the important reasons driving the growth of the infusion pumps market include the rising incidence of chronic diseases, the rapid expansion of the geriatric population, rising demand for ambulatory infusion pumps, and the expanding volume of surgical procedures conducted around the world.

However, over the projection period, the presence of strict restrictions for new goods, medication errors connected with infusion pumps (which have resulted in product recalls), and the increasing usage of refurbished and rental infusion pumps are projected to restrain the market's growth.

The healthcare sector was one of the hardest damaged by the epidemic in 2020. COVID-19 victims' emergency treatments pushed hospitals all over the world to their breaking point. Elective procedures had to be postponed or even cancelled at the same time, further stressing many hospitals' already precarious financial status, as a big portion of these surgeries are a vital component of funding hospital expenditures.

Many governments acted quickly in the early weeks of the epidemic to enhance local manufacturing capacities and stockpile emergency supplies. Simultaneously, makers of items for elective procedures (such as hip and knee implants) saw significant revenue declines, leading to production halts, reduced working hours, and layoffs.

Infusion pumps and ventilators, on the other hand, are considered important devices because they are used in ICUs, CCUs, and emergency rooms. In COVID wards, IV infusion is a regular requirement. Infusion pumps are used in hospitals and other emergency rooms to manage and distribute drug doses, and they allow doctors and nurses to treat patients with little exposure because they may be set to do so without continual observation.