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Reliable Data You Can Trust
A recent report published by Infinium Global Research
on infusion pumps market provides in-depth analysis of segments and
sub-segments in global as well as regional infusion pumps market. The study
also highlights the impact of drivers, restraints and macro indicators on the
global and regional infusion pumps market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global infusion pumps market. According to the report, the global infusion
pumps market is projected to grow at a CAGR of 5.6% over the forecast period of
2018-2024.
Infusion pumps are medical devices that are used to deliver
fluids including nutrients and medications such as insulin, antibiotics,
chemotherapy drugs, pain relievers and hormones into a patient’s body in a
controlled manner. They are used widely for
used in clinical settings such as hospitals,
nursing homes, and at the home. Some of the infusion pumps are designed
mainly for stationary use at a patient’s bedside and other pumps are
designed to be portable or wearable. They are used in the treatment of chronic
diseases in delivering medication.
Infusion pumps are divided into two classes such as large-volume pumps (LVPs)
and small-volume pumps (SVPs).In LVPs, fluids are usually contained in the in
an IV bag or in the bottles. In addition,
computer-controlled infusion pumps signify an improvement
in accuracy and safety.
The factor such as growing
prevalence of diabetics, gastrointestinal
disorders and chronic pain along with rapid growth in the geriatric population and rising
awareness related to home health care is
the major driver boosts the infusion pumps market. Moreover, the growing demand for portable infusion pumps to minimize the
healthcare expenditure has also escalated the market. Moreover, however, growing
adoption of refurbished and rental infusion pumps is restraining the growth of
infusion pumps market. Going further, Growing expenditure on healthcare or
increase disposable income, advancement in the infusion pumps and high rate of
adoption of Infusion Pumps in the emerging economies are some factors is
anticipated to create abundant opportunities in this market over the forecast
period.
On the basis of region,
North America region accounted to hold
the largest market share in infusion
pumps market owing to constant innovations in
advanced medical devices technologies in countries like the U.S. and
Canada. In addition, favorable reimbursement policies for infusion pumps under
medicare policies in various countries are the major factor which raises the market in this region. Europe occupies
second place in the infusion pumps market. The Asia-Pacific is expected to be the fastest the growing region in the infusion pumps market over the forecast period. The factor
responsible for the growth of the market
are high prevalence rate of cancer, diabetes, and cardiovascular diseases in
countries like India and China have a positive impact on the Asia-Pacific region. Moreover, an initiative was taken by the local government to support research and development in several
drug delivery devices in countries include Brazil and South Africa region,
which are anticipated to enhance the market in Latin America and the middle East
& Africa.
The report on global infusion pumps market covers
segments such as types, application, and end user. On the basis of types, the
global infusion pumps market is categorized into ambulatory infusion pumps,
implantable infusion pumps, syringe pumps, volumetric pumps, and infusion
disposable sets. On the basis of application, the global infusion pumps market is
categorized into diabetes, gastroenterology, chemotherapy, pediatrics, and
hematology and pain management. On the basis of end user the global infusion
pumps market is categorized into hospitals, ambulatory care settings, and home
care settings.
The countries covered in the North America region
include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan,
India, South Korea, Malaysia, and among others. Moreover, Germany, U.K.,
France, Spain, and Rest of Europe are included in the European region. The U.S.
drives the growth in the North America region as it is the largest market in
the region. The Asia-Pacific region offers a substantial potential for the
market growth owing to rapid growth in markets such as India and China. The
APAC region is projected to experience a growth at a CAGR of x.x% over the
period of 2018-2024.
The report provides profiles of the companies in the global
infusion pumps market such as F. Hoffmann-La Roche Ltd., Fresenius SE &
Co. KGaA, B. Braun Melsungen AG, Dickinson and Company, Smiths Medical, Tandem
Diabetes Care, Inc., Medtronic, Moog Inc. (Moog), Terumo Corporation and ICU Medical.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global infusion pumps market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the infusion pumps market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the infusion pumps market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the infusion pump market to understand the present and future trends in this market and formulate their strategies accordingly.
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