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Published Date: 2014-04-03Number of Pages: 108

Infusion Pumps Market (Product - Large Volume, Disposable, Syringe, Ambulatory, and Implantable; Pumping Channel - Single Channel Infusion Pumps and Multiple Channel Infusion Pumps; Application - Chemotherapy, Analgesia, Diabetes, and Clinical Nutrition) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019

Global Infusion Pumps Market: Snapshot  

With the alarming increase in the number of people diagnosed with diabetes, cancer, and other chronic ailments worldwide, the global infusion pumps market is likely to post a CAGR of 5.3% between 2013 and 2019. At this pace, the market is projected to reach US$7.76 bn by the end of 2019 from a valuation of US$5.41 bn in 2012.

The increasing incidence of chronic ailments has created the demand for medical devices that can effectively administer drugs in precise dosage. The global infusion pumps market has immensely benefited from this trend and is likely to continue gaining from the same through the course of the forecast period. Furthermore, the increasing automation and the advent of smart technologies in drug delivery systems, will enable the infusion pumps market witness an uptick in the demand.

The report provides an in-depth analysis of the global infusion pumps market, covering product definitions, manufacturing cost structure, segmentation based on various, and degree of competition prevailing in the market. Besides this, it presents insights into the growth drivers and restraints influencing the market’s trajectory over the forecast period. Information compiled in the report is sourced via proven research methodologies and is aimed at providing clearer picture of the market to its stakeholders.

Asia Pacific to Exhibit Strong Growth on Account of High Healthcare Spending

North America, Asia Pacific, Europe, and Rest of the World constitute the key regional segments in the global infusion pumps market. In 2012, North America emerged dominant and is expected to report a CAGR of 4.9% between 2013 and 2019, which demonstrates a comparatively slower pace than the CAGR exhibited by the overall market. Over the course of the forecast period, however, Asia Pacific will emerge as a strong region, showcasing lucrative opportunities for enterprises aiming to expand their geographic footprint.

The market in Asia Pacific is expected to show a higher CAGR than other regional markets due to factors such as large patient base, the increasing incidence of cancer and diabetes, and rising willingness to spend on advanced healthcare. Lured by the growth of emerging economies and the rising healthcare spending therein, leading companies are looking to capitalize on the opportunities existent therein. This could provide a fresh boost to the infusion pumps market in Asia Pacific.

Vast Application of Large Volume Infusion Pumps Constitute Dominant Product Segment 

Based on product, the large volume infusion pumps segment emerged dominant, contributing nearly 36.9% of the overall market revenue, trailed by the disposable infusion pumps segment. Furthermore, the dominance of the former is expected to continue through the forecast period, due to the benefits the large infusion pumps offer. These include diverse applications, wider infusion time range, and higher accuracy. Furthermore, the segment is also gaining from the advent of dosage calculation software and the recent trend of wireless integration of infusion data to maintain electronic medical records.

By application, clinical nutrition segment prove the most lucrative in the market in 2012. The rising hospitalization due to malnutrition and starvation in impoverished countries of Africa and Asia Pacific are the chief drivers of the segment. Chemotherapy and analgesia make the next prominent segments in the global infusion pumps market.

Infusion is a technique through which fluids and certain therapeutic drugs can be administered to patients either subcutaneously, arterially, intravenously, or peritoneally. An infusion pump, a specially designed medical device, makes infusions safe and precise. The sheer increase in the number of people suffering from chronic diseases, those undergoing surgeries, or other medical treatments, has pushed up sales of infusion pumps worldwide.

This report studies the state of the global infusion pumps market and tracks present developments to create projections for the growth of the market in the coming years. The forecasting horizon of the report spans from 2013 to 2019. In order to study the global infusion pumps market at multiple levels, the authors of the report have segmented the market into sub-markets on the basis of criteria such as application and geography. A holistic competitive study of the market has also been undertaken to help companies understand their current standing in the global infusion pumps market and compare their strategies against those of others in the market. 

Revenue is expressed in US$ mn whereas growth has been expressed in CAGR (%). The authors of the report have taken 2011 as a historical year and the base year for the study is 2012.

Overview of the Global Infusion Pumps Market

The global infusion pumps market, which stood at approximately US$5.41 bn in 2012, is projected to exhibit a steady CAGR of 5.3%, and rise in valuation to US$ 7.76 bn by 2019. With an alarming increase in the number of people diagnosed with cancer, diabetes, chronic pain, and other conditions and disease, the need to demand for medical devices that can administer drugs in precise dosages to treat such conditions has seen an uptick. The global infusion pumps market has benefited immensely from this and is expected to do so in the next four years as well.

As the drug delivery process becomes increasingly automated, ‘smart’ infusion pumps are making their presence conspicuously felt on the market. Patients are expected to opt for more smart pumps in the future as they look for less painful, yet more accurate, safe, and convenient drug delivery systems. The trend of home-based healthcare will provide an additional thrust to infusion pump sales. However, the market has suffered a blow in recent years owing to product recalls, which have put several companies’ reputation at stake. Manufacturing defect-free and rigorously tested infusion pumps has thus become central to sustaining a profitable presence in the global infusion pumps market.

The demand for large volume infusion pumps has thus far been the highest, and is expected to remain so. Disposable infusion pumps have seen an appreciable share in the global infusion pumps market by product type, but will still continue to trail the large-volume infusion pumps market in terms of sales in the near future. Infusion pumps have been most extensively used for administering clinical nutrition. In the coming years, the demand for infusion pumps during cancer treatments and analgesia will rise. 

While North America constitutes the largest infusion pumps market globally, the rise of the Asia Pacific region will be worth watching out, especially with massive demand expected to be seen in India and China.

Companies Mentioned in the Global Infusion Pumps Market Report 

The report profiles the following companies in the global infusion pumps market: Hospira, Inc., CareFusion Corporation, Baxter International, Inc., B. Braun Melsungen AG, Fresenius Kabi AG, and Terumo Corporation.

The global infusion systems market is segmented into the following categories:

  • Global Infusion Pumps Market, by Products
    • Large Volume Infusion Pumps
    • Disposable Infusion Pumps
    • Syringe Infusion Pumps
    • Ambulatory Infusion Pumps
    • Implantable Infusion Pumps
  • Global Infusion Pumps Market, by Pumping Channel
    • Single Channel Infusion Pumps
    • Multiple Channel Infusion Pumps
  • Global Infusion Pumps Market, by Application Areas
    • Analgesia
    • Chemotherapy
    • Diabetes
    • Clinical Nutrition
    • Others

Major geographies analyzed under this research report are: 

  • Europe
  • North America 
  • Asia-Pacific 
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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