Infusion Pump Market Share, Trends And Growth Analysis
Infusion Pump Market Share, Trends And Growth Analysis By Type (Volumetric Pump, Syringe Pump, & Others), By Application (Chemotherapy, Diabetes, Gastrointestinal Diseases, Pediatrics & Others), By End User (Hospitals, Ambulatory Surgical Centers, Homecare & Others) - Forecast To 2023
Infusion
pumps are the medical devices which are used to deliver medication or nutrient
to the body. They deliver the controlled amount of fluids and thus are helpful
in delivering medication in diseases like diabetes. The major reason for the
growth of this market is increasing prevalence of diseases like diabetes and
cancer. Beside this increasing geriatric population and technological advances
has provided fuel for the growth of the market.
For instance in May 2015, Pfizer has acquired Hospira Inc. and is the
largest pharmaceutical overtake. This acquisition has increased the Pfizer’s
market dramatically. Sapphire pumps which was launched by Hospira Inc. is
boosting business.
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The Global market for
infusion pump is growing at a steady pace. The various factors that influence
the growth of the market are increased use of infusion pumps for the delivery
of drugs and other fluids, rising prevalence of chronic and fatal diseases,
high demand of the infusion systems in the military medical units,
technological advancements from the leading market players. Furthermore the
factors such as patient safety concerns and improper infusion leading to the
severe consequences, unmet medical needs in the low income countries are hamper
the growth of the market.
Global Infusion Pumps
market is expected to grow at a CAGR of 5.2 % during forecasted period
2017-2023.
Global Infusion pump Market
– Regional:
Geographically, the
regional market is segmented into America, Europe, Asia Pacific, and the Middle
East & Africa.
North America has the
largest market for global infusion pumps market. It contributes around 41% of
total market of the world. US and Canada is the major contributor for the
infusion pump market in North America. Due to a huge diabetic population and
increasing aging population in this region is the major factor for the growth
of this market in US and Canada. According to Centre of Disease Control and
Prevention, in 2014 29 million people are suffering from diabetes in America
which is about 9% of total Americas population is suffering from diabetes.
Beside this a huge aging population in America especially in Canada is the
major driving factor for the growth of infusion pumps market in North America.
Beside this improvement in healthcare sector and increase in the demand for the
infusion pumps are the other factor providing fuel for the growth of the
market.
Europe is the second
largest market for the infusion pumps. Europe infusion pumps market is driven
by growing disease burden in oncology and diabetes, increase in demand of
infusion pumps form home care patient and increasing in geriatric population.
About 10% of the total Europe population suffers from diabetes and amongst
total cancer death in the world 20% occur in Europe. Due to increase in the
prevalence of diseases like diabetes and cancer in Europe is the major factor
for increasing the market. Germany, France and UK are the major contributor to
this market in Europe. About 70% of total Europe infusion pump market is
acquired by this three countries.
Asia-Pacific is the fastest
growing region for infusion pump market. Due to rapid development in healthcare
sector and continuously increasing diabetic population is the important driving
factor for the market. Huge population base in this region has attracted many
of the major companies to develop there market in this region.
Global Infusion pump Market
– Company
Due to increasing
prevalence of diseases like diabetes and cancer in the world has attracted man
of the major and medium sized company to introduce the better and effective
alternatives for the treatment. Presence of many minor and medium sized
companies in the market has created competition. And so major companies are
acquiring and merging with small companies so as to minimize the competition
and increase the market.
For instance, CareFusion
Corporation has developed the Alaris Pump module which is an infusion pump
helps in continuous or intermediate delivery of fluid, blood or medication to
patient of any age.
Johnson & Johnson has
introduced Animas® Insulin Pumps for delivery of insulin to the diabetic
patients. This pump is attached to Animas® Vibe® System for proving the
real-time blood glucose insights.
Smiths Medical has launched
CADD® an ambulatory infusion pump which provide reliable performance and accurate
medication delivery. Due to small, lightweight and easy to use it is expected
that this pump is soon find its place in home care segment. Beside this
MEDFUSION™ a syringe infusion system is also widely used due to its dose
accuracy, safety and simplicity.
Intended Audience
- Infusion pump manufacturers and suppliers
- Contract Research Organizations (CROs)
- Research and Development (R&D) Companies
- Government Research Laboratories
- Independent Research Laboratories
- Government and Independent Regulatory
Authorities
- Market Research and Consulting Service
Providers
- Academic Institutes and Universities
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The report for Global market by Market
Research Future comprises of extensive primary research along with the detailed
analysis of qualitative as well as quantitative aspects by various industry
experts, key opinion leaders to gain a deeper insight of the market and
industry performance. The report gives a clear picture of the current market
scenario which includes past and estimated future market size with respect to
value and volume, technological advancement, macro economical and governing
factors in the market. The report provides detail information about and
strategies used by top key players in the industry. The report also gives a
broad study of the different market segments and regions.
CareFusion Corporation (US), Medtronic plc
(Ireland), Johnson & Johnson (U.S.), Smiths Medical (U.K.), Becton
Dickinson & Company (U.S.), B. Braun Melsungen AG (Germany), Baxter
International, Inc. (U.S.), Pfizer, Inc. (U.S.), Fresenius Kabi (Germany), Roche Diagnostics (Switzerland),
Moog Inc (U.S.), Asante (US), Biomedical Solutions (US), Flowonix Medical Inc (US), Hospira, Inc (US),
Micromed (UK), Mircel Medical Device (Greece), Q-Core (Israel), Stryker (US),
3M (U.S.), ICU Medical, Inc. (U.S.), and Terumo Medical Corporation (Japan) are
some of the prominent players at the forefront of competition in the
global infusion pump market and are
profiled in MRFR Analysis.
TOC:
1.
Report Prologue
2. Market
Introduction
2.1
Definition
2.2 Scope of the
Study
2.2.1
Research Objective
2.2.2
Assumptions
2.2.3
Limitations
3. Research
Methodology
3.1 Introduction
3.2 Primary
Research
3.3 Secondary research
3.4 Market Size
Estimation
TOC…Continued
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