Global IV Infusion Pump Accessories Market: Overview
IV Infusion pumps are medicinal devices utilized to convey solutions and fluids into a patient’s body in controlled measurements. The utilization of these infusion frameworks stays away from medical errors, which generally could prompt genuine perilous circumstances or likewise potential outcomes of death. They are classified by the utilization; for instance, for stationary use, the device is put at the bedside, and for portable use, they can be wearable or mobile. Implanted liquids are different solutions that are directed based on tolerant conditions, for example, supplements for insulin, hormones, anti-toxins, and others. Also, these pumps are generally utilized in medicinal services settings, for example, critical care, outpatient, private centers, and at-home settings.
The report offers distinctive perspectives into the analytics, various factors boosting market segments, leading trends, and the vendor landscape of the global IV infusion pumps and accessories market. The study evaluates the degree of various levels of progress and ongoing models and services foreseen that would affect the IV infusion pump accessories market over the forecast period of 2018 and 2026.
Global IV Infusion Pump Accessories Market: Trends and Opportunities
Growing incidence of chronic disorders, for example, diabetes and gastrointestinal issues has been a key factor driving the growth of the IV infusion pumps and accessories, to a large extent. Also, rising geriatric populace, and existence of convenient infusion pump to limit hospital consumption are factors that is expected to push the IV infusion pump accessories market development.
As indicated by a highlighted article by Wolters Kluwer Health, Inc., in 2007, around 90% of hospitalized patients in the U.S. received IV prescriptions, most being conveyed by an infusion pump. This pattern contends positively for emergence of the IV infusion pump accessories market over the years. Notwithstanding being an exact liquid and medicine exchanging devices still, 35%-60% of the 700,000 adverse drug events (ADEs) every year revealed in the U.S. are identified with conveyance through infusion pumps, which can additionally cause bleakness and even death. This has expected broad focus by players in the global IV infusion pump accessories market on research to reduce the rate of errors related with infusion pumps and present further progressions in existing products.
Global IV Infusion Pump Accessories Market: Regional Outlook
The global IV infusion pump accessories market is segmented geographically for further analysis into major regions of: North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America took up a prominent share of the global IV infusion pump accessories market in in recent years, trailed by Europe. Additionally, Asia-Pacific is forecasted to exhibit the highest growth rate during the analysis period, owing to high population base, increase in disposable income, and improvement in patient awareness about infusion therapies.
Global IV Infusion Pump Accessories Market: Competitive Landscape
Several manufacturers have created devices that have error reduction system decrease with dosing limits and clinical warnings under healing center characterized drug libraries. Smart pumps are presently being designed with security programming that are drug particular.
The organizations are engaged towards assembling easy to use infusion pumps with extensive medication libraries and smart network. Additionally, certain organizations, as a part of the strategy to gain better market share, are conveying innovatively advanced pumps that can be utilized with the assistance of remotes.
Prominent vendors operating in the global IV infusion pump accessories market are B. Braun Melsungen AG, Smiths Medical (Smiths Group plc), Chemyx, Inc., Terumo Corporation, and Becton Dickinson & Company.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.