Valley Cottage, NY -- (SBWIRE) -- 12/11/2017 -- Infusion pump is one of the most sought after medical devices that is used to deliver vital nutrients and medications into a patient's body. Infusion pumps deliver controlled amounts of fluids and are used in various disease cases, predominantly in diabetes. The global infusion pumps market registered a value of around US$ 3,031.4 Mn in 2015, which is poised to reach US$ 4,922 Mn by the end of 2025. Over the forecast period, 2015-2025, the market will witness a moderate CAGR of 5%.
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By product, volumetric pumps segment will witness a slight decline but is expected to remain dominant with over 22% market share in 2016. Syringe pumps segment is also estimated to see declining growth, whereas ambulatory pump segment will witness steady growth. Insulin pumps also represent a steadily growing segment with over 15% market share through to 2016.
Based on application, the market is classified into various segments, including oncology (chemotherapy), neonatology (paediatrics), analgesia, gastroenterology, haematology and diabetes. Diabetes will however remain the dominant segment with nearly 24% share in 2016, followed by analgesia and gastroenterology with over 23% and over 17% shares respectively.
On the basis of end-user, hospitals will maintain the leading segment position with nearly 40% revenue share of the market in 2016. However, home care settings are likely to flourish with a Y-o-Y growth of 4.4% in 2017 over 2016. Home-based healthcare is currently trending, especially in the U.S., attributed to availability of a wide range of reimbursement options.
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By region, North America will continue to account for the largest revenue share of over 38% in 2016. Developing countries in Asia Pacific (excluding Japan) and the Middle East and Africa will however register significant growth, owing to rapid emergence of small and mid-sized hospitals in these regions. Western Europe is also predicted to remain a major market with over 20% market share in 2016.
Summary of Table of Content
1. Assumptions and Acronyms Used
2. Research Methodology
3. Executive Summary
4. Infusion Pumps Market Overview
5. Global Infusion Pumps Market Analysis, By Product Type
6. Global Market Analysis, By Application Type
7. Global Market Analysis, By End User
8. Global Infusion Pumps Market Analysis, By Region
9. North America Market Value Forecast
10. Latin America Market Value Forecast
11. Western Europe Market Value Forecast
12. Eastern Europe Market Value Forecast
13. Asia Pacific Excluding Japan Market Value Forecast
14. Middle East & Africa Market Value Forecast
15. Japan Market Value Forecast
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