Global Infusion Therapy Devices Market 2019-2023
May 20, 2019 | Business WireEstimated reading time: 2 minutes
The global infusion therapy devices market is expected to post a CAGR of 6% during the period 2019-2023, according to the latest market research report by Technavio.
Home-based treatment using medical devices such as infusion therapy devices is increasing due to the growing prevalence of chronic diseases such as cancer. Home infusion therapy devices enable safe, accurate, and precise drug delivery and help reduce the need for lengthy hospital stays and additional healthcare costs. Moreover, the growing trend of wireless and remote programming capabilities in home care infusion pumps that allow clinicians and pharmacists to determine and monitor the medication dosing parameters mitigate the need for frequent hospital visits. Thus, the increasing use of infusion therapy devices in home care settings is spurring the growth of the global infusion therapy devices market.
As per Technavio, the emergence of smart infusion therapy devices will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global infusion therapy devices market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Smart infusion therapy devices are drug delivery devices that are used in combination with drug libraries and software programs to ensure the precise and accurate delivery of medication. The use of smart infusion therapy devices also helps to prevent errors resulting from incorrect dosing or administration rate of medication. Moreover, advances in smart technology have led to the development of wireless smart therapy devices that can be managed and monitored remotely. Wireless devices can also provide bi-directional communication from the server to the pump and from the pump to the server, facilitating the transfer of hospital-specific drug libraries as well as the configuration of wireless/network operating parameters to pumps from a remote location. Thus, with such benefits, the emergence of smart infusion therapy devices will drive the growth of the market during the forecast period.
“Apart from the emergence of smart infusion therapy devices, technological advances have led to the development of non-magnetic infusion pumps, micro-infusion pumps, customized infusion pumps, and multi-channel infusion pumps. For instance, micro-infusion pumps are miniature infusion pumps used for the administration of low drug volumes at controlled infusion rates under patient mobility. They are used for the continuous administration of medications such as chemotherapy drugs and analgesics. Therefore, with such technological advances, the market for infusion therapy devices is expected to grow significantly during the coming years,” says a senior analyst at Technavio.
Suggested Items
SMT007 Magazine July—What’s Your Competitive Sweet Spot?
07/01/2025 | I-Connect007 Editorial TeamAre you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche—what are their insights? In the July 2025 issue of SMT007 Magazine, we spotlight companies thriving by redefining or reinforcing their niche and offer insights to help you evaluate your own.
Global Dry Film Photoresist Market Set for Robust Growth with Expanding Semiconductor Ecosystem
06/24/2025 | PRNewswireIn 2024, the global market size of Dry Film Photoresist was estimated to be worth US$939 million and is forecast to reach approximately US$1191 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.
The Big Picture: Our Big ‘Why’ in the Age of AI
06/25/2025 | Mehul Davé -- Column: The Big PictureWith advanced technology, Tesla, Google, Microsoft, and OpenAI can quickly transform life as we know it. Several notable artificial intelligence (AI) studies, including the 2024 McKinsey Global Survey on AI, have offered insights into AI’s adoption, impact, and trajectory. The McKinsey study revealed that AI adoption continues to grow, with 50% of respondents reporting using AI in at least one business area.
Roll-to-Roll Technologies for Flexible Devices Set to Grow at 11.5% CAGR
06/11/2025 | GlobeNewswireAccording to the latest study from BCC Research, the “Global Markets for Roll-to-Roll Technologies for Flexible Devices” is expected to reach $69.8 billion by the end of 2029 at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2029.
PC AIB Shipments Follow Seasonality, Show Nominal Increase for Q4’24
06/06/2025 | JPRAccording to a new research report from the analyst firm Jon Peddie Research, the growth of the global PC-based graphics add-in board market reached 9.2 million units in Q1'25 and desktop PC CPUs shipments decreased to 17.8 million units.