Infusion Pumps Market Forecast: Strong Growth Expected Through 2034
The global sales of infusion pump is estimated to be worth USD 4.93 Billion in 2024 and anticipated to reach a value of USD 8.35 Billion by 2034. Sales are projected to rise at a CAGR of 5.4% over the forecast period between 2024 and 2034. The revenue generated by infusion pump cover in 2023 was USD 4,688.2 million. The industry is anticipated to exhibit a Y-o-Y growth of 5.2% in 2024. The infusion pumps market is experiencing robust growth due to rising demand for advanced healthcare technologies that improve patient outcomes and ensure accurate medication delivery. Infusion pumps are medical devices used to deliver fluids, such as nutrients, medications, and hormones, into a patient's body in controlled amounts. These devices play a critical role in both inpatient and outpatient care settings, making them an essential component of modern healthcare infrastructure. The growth in the infusion pumps market is being propelled by increasing incidences of chronic diseases, a growi...