The global infusion pumps market is witnessing the rapid rise of ‘smart pumps’ that have wireless connectivity features enabling healthcare practitioners to achieve close monitoring and dosage control even from a remote location.
Albany, NY -- (SBWIRE) -- 10/04/2016 -- The report on the global infusion pumps market delves into key drivers, restraints, opportunities and trends that stakeholders can monetize. An infusion pump, as the name indicates, is used for administering therapeutic formulations, fluids and drugs directly into a patient's body in precise doses. These could include: Saline solutions, dextrose, and plasma.
The global infusion pump market is composed of a myriad of product variants, each with unique drug-administration techniques and capabilities. An infusion pump typically infuses fluids and drugs through the following routes: Intravenous, arterial, epidural, peritoneal, subcutaneous, intrathecal, and enteral. Broadly, the report segments the global infusion pumps market on the following fronts: Products, pumping channel, application areas, and geography. Each of these segments is further analyzed at the second level.
All segments within the infusion pump market have been forecast in terms of revenue (expressed in USD million) for 2011 through 2019. The compounded annual growth rate (CAGR %) for geographic segment and product type for 2013 – 2019 is also provided in the report. All estimations of market size take 2011 as a historical year and 2012 as the base year. The analysis and data contained in this report can add significant value to the growth strategies, financial models, market penetration plans, and R&D investments of players in the infusion pumps market.
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Overview of the Global Infusion Pumps Market
Analysts observe that the medical infusion pumps market has expanded over the recent past thanks to the high prevalence of chronic diseases as well as potentially life-threatening diseases such as cancer and diabetes. With no dearth of conducive factors, the global infusion pumps market is expected to register a CAGR of 5.3% from 2013 through 2019, by which year it is pegged to reach US$7,768.2 million.
The global infusion pumps market is witnessing the rapid rise of 'smart pumps' that have wireless connectivity features enabling healthcare practitioners to achieve close monitoring and dosage control even from a remote location. However, a number of infusion pumps have come under the scanner of regulatory agencies and the U.S. FDA for reportedly causing serious injuries to patients. Moreover, the reported vulnerability of remotely controlled smart infusion pumps to hacking so as to manipulate doses to fatal levels will deter consumers from investing in such pumps.
Based on product type, the report segments the global infusion pumps market as: Large volume, disposable, syringe, ambulatory, and implantable infusion pumps. The report observes that in 2012, large-volume infusion pumps contributed the highest share of market revenues (36.9%). The myriad of advantages offered by large-volume infusion pumps will keep them in the leading position through the report forecast period.
By pumping channel, the market is broadly divided into two segments: Single channel and multi-channel infusion pumps. Similarly, on the basis of application areas, the key segments in the market are identified as: Chemotherapy, analgesia, clinical nutrition, diabetes, and others. The demand for infusion pumps for administering clinical nutrition was seen to be the highest in 2012. This was on account of a large number of patients suffering from malnourishment in the poor nations in Asia Pacific and Africa. The other application areas that reported a strong demand for infusion pumps in 2012 were chemotherapy treatments and analgesia.
Furthermore, the report segments the global infusion pumps market into the following geographical regions: North America, Asia Pacific, Europe, and Rest of the World. In 2012, North America was the predominant region thanks to the introduction of several initiatives that have proven favorable for the uptake of infusion pumps. While North America is expected to hold on to its leading position in the infusion pumps market, it will be outpaced by Asia Pacific as far as the projected CAGR over the forecast period is concerned.
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Companies Mentioned in the Global Infusion Pumps Market
The global infusion pumps market report profiles the following companies: CareFusion Corporation, Hospira, Inc., Baxter International, Inc., Fresenius Kabi AG, B.Braun Melsungen AG, Smiths Medical, Terumo Corporation, Animas Corporation, Medtronic, Inc, and KD Scientific, Inc.
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