Home Press Releases Infusion Pumps Market to be Propelled by High Accuracy Combined with Technological Advancement Through 2019
Infusion Pumps Market to be Propelled by High Accuracy Combined with Technological Advancement Through 2019
Posted on May 11, 2015
Transparency Market Research (TMR), a market intelligence company based in the U.S., announces the release of a new research report, titled ‘Infusion Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’, on the global infusion pumps market for the forecast period 2013-2019. TMR research study states that the global infusion pumps market was estimated at US$5411.5 million in 2012 and is projected to be worth US$7768.2 million by 2019 at a CAGR of 5.3%.As per TMR’s findings, the global infusion pumps market is witnessing significant growth due to the increasing patient pool with chronic pain, cancer, and diabetes worldwide, growing geriatric population, and increased use of ‘smart pumps’. Moreover, the infusion pumps market is drifting towards smart pumps that have wireless connectivity with pharmacy, hospitals, and other electronic health records and have negligible chances of dosage errors.
The TMR study analyzes the global infusion pumps market on the basis of products, applications, channel type and geography. Based on the products type, the market has five sub-segments, namely large volume, syringe, disposable, ambulatory, and implantable type infusion pumps. As per the study findings, in the product type segmentation the global infusion pumps market was dominated by large volume infusion pumps in 2012, which accounted for 36.9% of the total revenue followed by disposable infusion pumps. Further, owing to its large application base, wider time range for infusion, higher infusion accuracy, dose calculation software, and growing trend for wireless integration of infusion pumps with electronic health records, large volume infusion pumps are expected to dominate the product segmentation of the global infusion pumps market during the forecast period.
According to application, the TMR study examines the usage of infusion pumps in analgesia, diabetes, chemotherapy, clinical nutrition, and others. As per the report’s findings, clinical nutrition held the largest share of the application segmentation of the global infusion pumps market in 2012. The study further states that growing malnourishment among hospitalized patients and starvation in underdeveloped areas in Asia Pacific are driving the growth of the segment. Analgesia and chemotherapy account for the second largest application of the infusion pumps market.
Browse Full Report Infusion Pumps Market (Large Volume, Disposable, Syringe, Ambulatory, Implantable) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Research Report With Full TOC @ http://www.transparencymarketresearch.com/infusion-systems-market.html
Geographically, TMR segments the global infusion market into North America, Asia Pacific, Europe, and Rest of the World (RoW). In the regional geographies, North America dominated the global infusion market in 2012 and is expected to grow at a relatively slow growth rate than the global market for the study period. Asia Pacific is expected to grow rapidly owing to an increasing patient base, rising incidence of cancer and diabetes, and increasing per capita healthcare expenditure. Further, increased investment for the improvement of healthcare infrastructure in developing economies such as India and China will further boost the growth of the infusion pumps market in the Asia Pacific region.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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