Global Analgesic Infusion Pump Market Size, Share & Trends Analysis Report by Product (Continuous Infusion Pumps, Bolus Infusion Pumps), by Application (Pain Management, Cancer Chemotherapy), by End-User (Hospitals, Ambulatory Surgical Centers, Home Healthcare), by Region, and Segment Forecasts, 2023-2030
The global analgesic infusion pump market size is expected to reach USD 5.23 billion by 2030, growing at a CAGR of 6.1% from 2022 to 2030. The increasing prevalence of chronic pain and cancer, the growing demand for minimally invasive surgeries, and the rising adoption of home healthcare are the key factors driving the growth of the market.
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Key Highlights of the Report:
The continuous infusion pumps segment is expected to dominate the market during the forecast period.
The pain management application segment is projected to grow at the highest CAGR during the forecast period.
Hospitals are expected to be the major end-user of analgesic infusion pumps during the forecast period.
North America is expected to be the largest market for analgesic infusion pumps during the forecast period.
Rising Prevalence of Chronic Pain and Cancer to Drive Market Growth
Chronic pain is a major public health problem affecting millions of people worldwide. It is estimated that over 20% of adults in the United States suffer from chronic pain. Cancer is another major cause of pain, with over 10 million people diagnosed with cancer each year. The increasing prevalence of these conditions is driving the demand for analgesic infusion pumps.
Growing Demand for Minimally Invasive Surgeries to Boost Market Growth
Minimally invasive surgeries are becoming increasingly popular due to their many advantages over traditional open surgeries. Minimally invasive surgeries are associated with shorter hospital stays, less pain, and faster recovery times. This is driving the demand for analgesic infusion pumps, which are used to deliver pain medication during and after these procedures.
Rising Adoption of Home Healthcare to Favor Market Growth
Home healthcare is a growing trend, as it allows patients to receive care in the comfort of their own homes. Analgesic infusion pumps are increasingly being used in home healthcare settings, as they allow patients to self-administer pain medication. This is driving the growth of the market.
Regional Insights
North America is expected to be the largest market for analgesic infusion pumps during the forecast period. This is due to the high prevalence of chronic pain and cancer in the region, as well as the increasing adoption of minimally invasive surgeries. Europe is expected to be the second-largest market, followed by Asia Pacific.
Vendor Insights
Some of the leading vendors in the global analgesic infusion pump market include Baxter International, Inc., Becton, Dickinson and Company, B. Braun Melsungen AG, Hospira, Inc., and Smiths Medical. These vendors are focusing on developing innovative products and expanding their product portfolios to meet the growing demand for analgesic infusion pumps.
Growth Opportunities
The following are some of the key growth opportunities for the global analgesic infusion pump market:
Increasing prevalence of chronic pain and cancer
Growing demand for minimally invasive surgeries
Rising adoption of home healthcare
Technological advancements in analgesic infusion pumps
Expansion of the market in developing countries
The report also provides a detailed analysis of the competitive landscape of the global analgesic infusion pump market, including profiles of the leading players.
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