Infusion Pump Market | 2017 Forecast Size and Growth Projections by Country, Year, Industry Market Verticals, and Analysts
Infusion pumps market is estimated to grow at a CAGR of 6.0%, to reach $10.84 billion from $8.12 billion between 2016 -2021. Dedicated disposables segment accounted for largest share while volumetric infusion pumps segment dominated the infusion pump devices market, Led by North America region
Pune, India – June 9, 2017 /MarketersMedia/ —
The global infusion pumps market is estimated to grow at a CAGR of 6.0% from 2016 to 2021, to reach USD 10.84 billion by 2021 from USD 8.12 billion in 2016. Increasing prevalence of chronic diseases along with increasing geriatric population, increasing adoption of portable infusion pumps to reduce hospital expenditure, steady increase in surgical procedural volumes, and rising applications of infusion pumps in pain management are some of the key factors driving the growth of this market. However, patient safety risks and medication errors associated with infusion pumps leading to product recalls and stringent regulations for new products may restrict the growth of this market during the forecast period.
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The report analyzes the infusion pump market by type-of-product, application, end user, and region. On the basis of product, the global market is segmented into devices and accessories. The devices include volumetric infusion pump, syringe infusion pumps, insulin infusion pump, enteral infusion pump, ambulatory infusion pump, patient-controlled analgesia infusion pump, and implantable infusion pump. On the basis of application, the infusion pump market is segmented into chemotherapy/cancer, diabetes, gastroenterology, analgesia/pain management, pediatrics/neonatology, hematology, and other applications. Based on the type of end-users, this market is further segmented into hospitals, home care, ambulatory surgical centers, and other end users.
Browse 238 market data tables and 48 figures spread through 294 pages and in-depth TOC on “Infusion Pump Market by Product (Volumetric, Syringe, Enteral, Insulin, Implantable, PCA, Accessories), Application (Oncology, Diabetes, Gastroenterology, Analgesia, Pediatrics, Hematology) & End User (Hospital, Home care) – Global Forecast to 2021″
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“Infusion Pump Market Research Report On the basis of product type”
The infusion pumps market is segmented into devices and accessories. The Accessories segment is further segmented into dedicated and non-dedicated disposables. The dedicated disposables segment accounted for the largest share of the infusion pump accessories market in 2015.
Devices segment is further sub segmented into volumetric infusion pumps, syringe infusion pumps, insulin infusion pumps, entreat infusion pumps, ambulatory infusion pumps, patient-controlled analgesia infusion pumps, and implantable infusion pumps.
In 2015, the volumetric infusion pumps segment dominated the infusion pump devices market. The large share of this segment can be attributed to the increasing demand for volumetric infusion pumps in hospitals, long-term acute care centers, clinics, and ambulatory surgery centers.
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“Infusion Pump Market Research Report On the basis of application”
The infusion pumps market is segmented into chemotherapy/oncology, gastroenterology, analgesia/pain management, diabetes, pediatrics/neonatology, hematology, and other applications. The chemotherapy/oncology segment accounted for the largest share of the global infusion pumps market in 2015. The large share of this segment can be attributed to the growing prevalence of cancer across the globe and the increasing preference for home care cancer management therapies. Diabetes application segment offers significant growth opportunities in the market. The increasing prevalence of diabetes, coupled with the growing demand for management of insulin at home, is expected to drive the growth of this market segment in the coming years.
“Infusion Pump Market Research Report On the basis of end user”
The global infusion pumps market is segmented into hospitals, home care, ambulatory surgery centers, and others. The hospitals segment accounted for the largest share of the global infusion pumps in 2015. This can be largely attributed to the financial capabilities of hospitals to purchase high-priced infusion devices as well as the availability of trained professionals to operate smart infusion pumps. The home care segment offers significant growth opportunities due to government initiatives to curtail healthcare costs associated with longer hospital stays.
“Infusion Pump Market Research Report On the basis of region”
North America represented the largest infusion pump market in 2015, followed by Europe and Asia-Pacific. The Asia-Pacific market is expected to register the highest CAGR during the forecast period. Factors such as large population, increasing geriatric population, growing incidence of chronic diseases, rising awareness and accessibility of advanced healthcare facilities, rising healthcare spending, rapidly improving health insurance sector, growing demand for advanced technologies, and expansion of private-sector hospitals to rural areas are fueling the demand for infusion devices in the APAC region.
“Infusion Pump Market Research Report On the basis of Market Verticals”
Some of the major market players in the global infusion pumps market include Becton, Dickinson and Company (U.S.), Baxter International, Inc. (U.S.), Pfizer Inc. (U.S.), B. Braun Melsungen AG (Germany), Fresenius SE & CO. KGaA (Germany), Medtronic plc (Ireland), Smiths Group plc (U.K.), Terumo Corporation (Japan), Moog, Inc. (U.S.), F. Hoffmann-la Roche Ltd.(Switzerland), and Johnson & Johnson (U.S.).
Research Coverage of Infusion Pump Market:
The report analyzes the various types of infusion pumps and accessories and its adoption pattern. It aims at estimating the market size and future growth potential of the infusion pumps market for different segments such as products, applications, end users, and regions. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
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