According to a new market
report published by Transparency Market Research "Infusion Pumps Market
(Large Volume, Disposable, Syringe, Ambulatory and Implantable) - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,"
the global infusion pumps market was valued at USD 5.4 billion in 2012 and is
expected to grow at a CAGR of 5.3% from 2013 to 2019, to reach an estimated
value of USD 7.8 billion in 2019.
Infusion pumps are used to
deliver therapeutic drugs and fluids such as plasma, dextrose and saline
solutions,into a patient's body at a precisely controlled rate. These devices
are efficiently used for infusion through several routes of administration such
as intravenous, epidural, arterial, subcutaneous, peritoneal, enteral and
intrathecal. The use of these pumps during treatment of several indications
such as diabetes, chemotherapy and in pain management has helped the infusion
pumps market to grow in the past decade. With the increasing burden of these
diseases across the globe, the market is expected to witness significant growth
in the near future.
Browse
Global Infusion Pumps Market
Report with Full TOC at http://www.transparencymarketresearch.com/infusion-systems-market.html
A large segment of the
global population suffering from diseases such as cancer, diabetes and chronic
pain is a major driver for growth of the global infusion pumps market. The
demand for more advanced infusion systems from developed nations such as the
U.S., Canada, the U.K., France, Germany, Australia, Japan and Singapore is
likely to serve as a good opportunity for leading players in the market.
However, the quantum growth in infusion pumps market is expected to be driven
by developing countries such as India and China which have a large population
base and increasing attention towards healthcare infrastructure.
The global infusion pumps
market has been segmented on the basis of product types, channel types,
application areas, and geographic regions. On the basis of type of device, the
market is divided into large volume infusion pumps, disposable infusion pumps,
syringe infusion pumps, ambulatory infusion pumps and implantable infusion
pumps. In 2012, large volume infusion pumps accounted for the largest share by
revenue of the global infusion pumps market followed by disposable infusion
pumps. Large volume infusion pumps form the largest product segment in the
market due to several advantages such as many application areas, higher
accuracy in infusions, wider infusion time range, dose calculation software and
the recent trend of wireless integration of infusion data for electronic
medical records.
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The report also provides
market estimations for application areas where these pumps are being used. The
market has been categorized on the basis of application areas into five major
segments, namely, clinical nutrition, chemotherapy, analgesia, diabetes and
others. In 2012, the clinical nutrition segment shared 31.9% of the global
infusion pumps market revenue. The incidence rate of diabetes in the world is
increasing, particularly in the affluent countries, and this would
significantly drive the market for infusion pumps used in diabetes.
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Browse all Medical Devices Market Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html
Geographically, North
America was the largest market for infusion devices in 2012 and contributed
44.0% of the global infusion pumps market revenue in the same year. The government
initiatives and provision in federal laws such as Patient Care and Affordable
Care Act (PPACA) and the Health Information Technology for Economic and
Clinical Health (HITECH) Act are further propelling the market. There is an
increasing demand for 'smart' infusion pumps in this region and therefore North
America shall maintain its leadership in the global infusion pumps market.
During the forecast period 2013 to 2019, Asia-Pacific region is expected to
grow at a much faster rate than other regions majorly due to the large patient
base and increasing incidences of diabetes and cancer. The magnitude of
malnutrition in this region is very high which is expected to trigger the
demand for infusion pumps for clinical nutrition. Additionally, a significant
rise in healthcare expenditure of developing economies such as China and India
will continue to boost the demand for infusion pumps in this region.
Download PDF atInfusion Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
The global infusion pumps
market is dominated by a few major players such as CareFusion Corporation,
Hospira, Inc., Baxter International, Inc., Fresenius Kabi AG, B. Braun
Melsungen AG, and Terumo Corporation. Several product recalls by the prominent
players as well as small companies in the market have deterred the market
growth to some extent.
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