Home Press Releases Infusion Pumps Market: Large Patient Base in Asia Pacific to Propel Market at 5.3% CAGR during 2013-2019
Infusion Pumps Market: Large Patient Base in Asia Pacific to Propel Market at 5.3% CAGR during 2013-2019
According to a research report published by Transparency market Research, the global infusion pumps market is expected to be valued at US$7768.2 million by 2019. The report, titled “Infusion Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, estimates the valuation of the overall infusion pumps market at US$5411.5 million in 2012 and expects the market to grow at a CAGR of 5.3% during the period between 2013 and 2019.
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
Infusion pumps are used to deliver fluids such as medications and nutrients in controlled amounts into a patient’s body and are widely used across nursing homes and hospitals. The report points out that the increasing patient base affected with cancer, diabetes, and chronic pain is expected to fuel the global infusion pumps market. Rapidly growing geriatric population, coupled with technological advancements in infusion pumps, will augment the overall market during the forecast horizon.
However, there have been problems associated with the working of infusion pumps which has led some manufacturers to recall their products. Also, regulations such as the Patient Protection and Affordable Care Act in the U.S. are expected to affect the prices of the infusion pumps, thereby negatively affecting the overall market. Emerging economies are expected to play an important role in opening new opportunities for the global infusion pumps market during the forecast period.On the basis of product type, the global infusion pumps market has been divided into ambulatory infusion pumps, implantable infusion pumps, large volume infusion pumps, syringe infusion pumps, and disposable infusion pumps. In 2012, large volume infusion pumps accounted for 36.9% of total market revenue, followed by disposable infusion pumps. During the forecast period, disposable infusion pumps are expected to dominate the market, owing to higher infusion accuracy, dose calculation software, and wireless integration with electronic health records.
On the basis of application, the global infusion pumps market has been divided into chemotherapy, analgesia, clinical nutrition, diabetes, and others. In 2012, clinical nutrition emerged as the largest application segment of the market, followed by analgesia and chemotherapy. The report estimates the clinical nutrition segment to grow consistently during the forecast period due to the rising demand from Asia Pacific. Globally, the infusion pumps market has been divided into Europe, Asia Pacific, North America, and Rest of the World. North America was the largest regional segment of the market in 2012. However, during the forecast horizon, Asia Pacific is expected to grow at the fastest rate owing to the presence of a large patient pool and rising prevalence of diseases such as cancer and diabetes. Rising per capita health expenditure in nations such as China and India is also expected to boost the infusion pumps market in this region.
Some of the key players in the global infusion pumps market are CareFusion Corporation, Hospira Inc., Medtronic, Smiths Medical, and Baxter International Inc.
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