IV Infusion Pump Accessories Market

IV Infusion Pump Accessories Market by Product Type (IV Infusion Set, IV Infusion Lines, IV Catheters, IV Cannulas, and Needleless Connectors), By End User (Hospitals, Homecare Settings, Ambulatory Surgical Centers, Diagnosis Center, and Others), By Region - Global Market Report (2024 to 2034)

Analysis of IV Infusion Pump Accessories Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

IV Infusion Pump Accessories Market Outlook (2024 to 2034)

The global IV infusion pump accessories market size is estimated to be valued at US$ 2,690.3 million in 2024. The market is projected to register a healthy CAGR of 4.5%, to capture a total of US$ 4,182.1 million market revenue by 2034. IV infusion pump accessories are gaining significant traction owing to surging chronic disorders among the masses. Further, accelerated clinical research activities related to infusion-related drug delivery are expected to widen the market scope of IV infusion pump accessories.

Recently, TriSalus Life Sciences, Inc., which is an oncology therapeutics firm, revealed more information about its continuing Pressure-Enabled Regional Immuno-Oncology clinical studies for metastatic liver and primary tumors. Developments like these are enhancing the application prospects of IV infusion pumps and accessories.

Growth-inducing Factors that are Propelling the Market Forward

  • The ubiquity of chronic diseases is raising the demand for IV infusion pump accessories in CCU, ICU wards, pediatrics, surgical, internal medicine, and operating rooms. These pumps and accessories are used to deliver antibiotics to treat infections, provide parenteral nutrition to patients with gastrointestinal disorders, etc.
  • Rising allocation of funds for research and development activities and surging use of next-gen IV infusion pumps and accessories by different end users.
  • A couple of factors, like increasing cases of accidents and heightened requirement for blood transfusions, are also uplifting the sales of IV infusion pump accessories.
  • The expanding population of geriatric patients and the availability of convenient infusion pumps and accessories are forecast to propel market expansion.
  • Emerging economies are raising their adoption of infusion pumps, thus providing opportunities to players who want to foray into countries with relatively higher demand. Further, for deeper market penetration, industry participants are likely to consider bonding with different distribution channels to reach their target consumers.
Report Attributes Details
Estimated Market Value (2024E) US$ 2,690.3 million
Forecasted Market Value (2034F) US$ 4,182.1 million
Projected Growth Rate (2024 to 2034) 4.5%CAGR
IV Infusion Lines Segment Growth Rate (2024 to 2034) 4.6% CAGR
Hospitals Segment Growth Rate (2024 to 2034) 4.2% CAGR
North America Market Share (2024) 43.1%
East Asia Market Share (2024) 5.3%
Key Companies Profiled in the IV Infusion Pump Accessories Industry Report
  • Becton, Dickinson and Company
  • Medtronic Plc.
  • Terumo Corporation
  • B. Braun SE
  • Fresenius (Fresenius Kabi)
  • Others

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Which Trends Are Emerging in the IV Infusion Pump Accessories Market?

“High-growth Countries Providing Considerable Opportunities to Market Players”

Key players are finding significant opportunities in emerging countries like India, China, and Brazil. This prospect is supported by factors like increasing knowledge about different treatment options among patients and increasing investments in the healthcare systems of these countries. Furthermore, inflating per capita income and healthcare expenses in these countries are improving patient access to better healthcare treatments. Thus providing impetus to key players seeking expansion opportunities.

“Increasing Demand for Volumetric Infusion Pumps”

Volumetric infusion pumps have several applications in parenteral nutrition and disease management. Significant demand for these pumps is attributed to the accuracy, simplicity, and safety of volumetric infusion pumps to treat several therapeutic areas. Surging cases of blood and drug transfusion incidences are expected to increase the uptake of volumetric infusion pumps.

Which Challenges Inhibit Market to Reach Its Full Potential?

“Rising Cases of Medication Errors and Absence of Wireless Connectivity in Several Hospitals”

Medication errors make for a significant proportion of adverse events and play a crucial role in causing medical injuries. IV infusions frequently contribute to medication errors, thus reducing its reliability quotient among healthcare practitioners. Certain studies underscore that these devices are involved in adverse drug events (ADEs) that occur annually, although infusion pumps are primarily designed to enhance the continuity and accuracy of IV infusions.

For auto-documentation and auto-reprogramming, integrated smart pumps develop a closed-loop, completely integrated medication safety system. Nevertheless, smart infusion devices and hospital information systems lack interoperability in several hospitals. This can be attributed to a dearth of wireless connectivity and low hospital budgets, which pose a considerable challenge to market growth.

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Region-wise Insights

Which Region Occupies a Large Portion of the Global IV Infusion Pump Accessories Market?

“North America Possesses a Greater Market Size than Its Counterparts”

The North America IV infusion pump accessories market is estimated to acquire a prominent share of 43.1% in 2024. In the same year, the region is estimated to generate revenue of US$ 1,161 million and is projected to expand at a CAGR of 2.4% thereon. The sluggish pace of adoption of IV infusion pump accessories in the region indicates market saturation and reduced opportunities for upcoming market players.

Demand for IV infusion pump accessories is expected to surge on account of the rising incidence rate of chronic diseases. Additionally, the increasing foothold of leading industry players in the region is anticipated to favor market expansion. Governments in the region are also supportive of raising awareness about the new developments in infusion pumps and their associated consumables and accessories. Thus contributing to increased sales of IV infusion pump accessories.

Which Region is Estimated to Expand at a Healthy Rate?

“East Asia is Forecast to Strongly Expand in Future”

The East Asia IV infusion pump accessories market is estimated to capture a comparatively lower share of 5.3% than North America in 2024. The regional market in focus is likely to attain US$ 143 million in 2024 and US$ 225 million by 2034. Meanwhile, the market is forecast to record a 4.7% CAGR.

The regional market is expected to be propelled forward by the surging pervasiveness of chronic diseases, increasing the number of surgical procedures executed in ambulatory care settings, and the rising geriatric population.

Country-wise Insights

Which Country Relishes a Dominant Position in the North America IV Infusion Pump Accessories Market?

“The United States is likely to Possess a Larger Regional Share”

The United States is estimated to hold a 90.5% value share in the North America market. Based on value, the IV infusion pump accessories industry is estimated to generate revenue worth US$ 1,050 million in 2024 and US$ 1,341 million by 2034. The country is projected to expand at a CAGR of 2.5% through 2034.

Growth of the market is driven by rising partnerships and collaborations among leading players that develop infusion pumps and expansion of the healthcare sector. New launches of infusion pump models in the United States are expanding the market horizon.

Which Country in East Asia is Expected to Expand at a Consistent Rate?

“South Korea is Anticipated to Expand Steadily”

The South Korea IV infusion pump accessories market is estimated to register a 4.8% CAGR through 2034. The market in South Korea is expected to generate sales worth US$ 42 million by 2034. The market is being propelled by the rising prevalence of chronic issues and the development of healthcare infrastructure. New technological developments in IV infusion pump accessories, like the addition of inbuilt safety features and an extensive range of sizes and shapes, are expected to facilitate market growth.

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Segment-wise Insights

Which End User Occupies a Prominent Market Share?

“Hospitals Consume Significant Amount of IV Infusion Pumps and Accessories”

The hospital segment is estimated to hold a share of 35.8% in 2024. Sales of IV infusion pump accessories by hospitals are forecast to expand at 4.2% CAGR to gain a market value of US$ 1,453.2 million by 2034.

This end user is expected to maintain its lead position, supported by factors like increasing advancements in IV infusion pump accessories and the rising population of geriatric patients.

The diagnosis center segment, however, is expected to observe frequent purchases of IV infusion pumps and accessories. Thereby registering a relatively greater CAGR of 5% over the forecast period than the rest of the end users. The increasing availability of IV infusion pump accessories and rising knowledge about the early detection of diseases are backing this segment’s growth.

Which Product Type is Witnessing Significant Demand in the IV Infusion Pump Accessories Market?

“IV Infusion Lines and IV Catheters Have Considerable Contribution in the Global Market”

IV infusion lines and IV catheters are both estimated to acquire a value share of 24.9% in 2024. However, in this decade, IV infusion lines are expected to be rapidly purchased at a CAGR of 4.6% to attain a valuation of US$ 1,051.0 million by 2034. IV catheters are expected to get behind IV infusion lines, expanding at a CAGR of 3.9% to attain US$ 975.7 million by 2034.

Competitive Landscape

The IV infusion pump accessories market is characterized as a fragmented market owing to a considerable count of global and local industry contenders. As a result, the market is extremely competitive. Several market players are employing different strategic measures like partnerships, product launches, and collaborations to elevate their presence the world over.

Recent Launches and Developments in the IV Infusion Pump Accessories Market

  • In June 2023, Eitan Medical, a leading provider of advanced drug delivery solutions and infusion therapy, sold and transferred its wearable injectors business to LTS, which is a pharmaceutical technology firm that manufactures distinct drug delivery systems. This decision to sell wearable injectors business was in line with Eitan Medical’s focus on its core infusion treatment portfolio.
  • Mindray introduced its BeneFusion i and u Series infusion systems in February 2023. These systems feature adaptive customization, high precision, and medication safety in multiple clinical settings. The present generation of intelligent pumps finds use in obstetrics, endoscopy, emergency departments, cancer, and other fields due to its enhanced features to reduce pharmaceutical errors, boost cost-effectiveness, and expedite workflow.

Segmentation of IV Infusion Pump Accessories Market Research

  • By Product Type :

    • IV Infusion Set
    • IV Infusion Lines
    • IV Catheters
    • IV Cannulas
    • Needleless Connectors
  • By End User :

    • Hospitals
    • Homecare Settings
    • Ambulatory Surgical Centers
    • Diagnosis Center
    • Others
  • By Region :

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia and Oceania
    • The Middle East and Africa

- FAQs -

What was the value of the IV Infusion Pump Accessories Market in 2019?

The global IV infusion pump accessories market was worth US$ 2,152.0 million in 2019.

What is the Sales Outlook for IV Infusion Pump Accessories in 2024?

The sales outlook for IV infusion pump accessories is likely to be valued at US$ 2,690.3 million in 2024.

What is the Demand Forecast for IV Infusion Pump Accessories for the Decade?

Demand for IV infusion pump accessories is expected to reach a market value of US$ 4,182.1 million by the end of 2034.

What is the Growth Projection for the IV Infusion Pump Accessories Market?

The IV infusion pump accessories market is projected to rise at a CAGR of 4.5% through 2034.

At What Rate Is the Market in East Asia Predicted to Grow?

The East Asia market for IV infusion pump accessories is forecast to expand at a CAGR of 4.7% through 2034.

- Also of Interest -

Elastomeric Infusion Pump Market

Elastomeric Infusion Pump Market By Product (Continuous Rate Elastomeric Pumps, Variable Rate Elastomeric Pumps), By End User (Hospitals, Ambulatory Surgical Centers, Home Care Settings, Clinics, Others), By Treatment (Pain Management, Antiboitic/Antiviral, Chemotherapy, Others), By Region - Global Market Report (2024 to 2034)

Peripheral IV Catheter Market

Peripheral IV Catheter Market by Product Type (Power Injected PICC and Conventional PICC), By Design Type (Single Lumen, Double Lumen, and Multiple Lumen), By End User (Hospitals, Ambulatory Surgical Centers, and Catheterization Labs), and By Region - Global Market Report (2024 to 2034)

Home Infusion Therapy Market

Home Infusion Therapy Market Analysis By Product (Infusion Pumps, Intravenous Sets, IV Cannulas, Needless Connectors), By Application (Anti-infective, Endocrinology, Hydration Therapy, Chemotherapy, Parenteral Nutrition), By Region - Global Insights 2022 to 2032

Cardiovascular Catheters Market

Cardiovascular Catheters Market Analysis, By Product (Cardiovascular Therapeutic Catheters, Cardiovascular Diagnostic Catheters), By End User (Hospitals, Clinics, Ambulatory Surgical Centers) & By Region - Global Market Insights 2023 to 2033

IV Infusion Pump Accessories Market

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