Smart Implantable Pumps Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Micro-Pumps and Perfusion Pumps), By Application (Cardiovascular, Pain, and Spasticity), By End User (Ambulatory Surgical Centers, Hospitals, and Others), and Region Forecast 2019-2030

Smart Implantable Pumps Market size was valued at US$ 1600 million in 2023 and is expected to reach a value of US$ 2821 million by 2030, growing at a CAGR of 9.3% from 2024 - 2030  owing to increasing prevalence and incidence rate of chronic diseases coupled with growing geriatric population across the globe are the major factors driving the growth of the market.

Furthermore, advancements in healthcare setup and the rising number of patient populations with chronic pain and other chronic diseases are expected to boost the growth of the market. For instance, in the U.S., around 20% to 30% of the population experiences chronic or recurring pain. Moreover, the rising adoption of infusion pumps or implantable pumps which are small-sized medical devices is the major factor that fuels the growth of the market over the forecast period.

However, increasing product recalls and stringent regulatory policies for the approval of the products are anticipated to restrain the growth of the market. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition.