$10.84 Billion Infusion Pump (Volumetric, Syringe, Enteral, Insulin, Implantable, PCA, Accessories) Market 2017 - Global Fore...
February 27 2017 - 1:01PM
Business Wire
Research and Markets has announced the addition of the "Infusion
Pump Market by Product (Volumetric, Syringe, Enteral, Insulin,
Implantable, PCA, Accessories), Application (Oncology, Diabetes,
Gastroenterology, Analgesia, Pediatrics, Hematology) & End User
(Hospital, Home care) - Global Forecast to 2021" report to their
offering.
The global infusion pumps market is estimated to grow at a CAGR
of 6.0% from 2016 to 2021, to reach USD 10.84 billion by 2021 from
USD 8.12 billion in 2016.
Increasing prevalence of chronic diseases along with increasing
geriatric population, increasing adoption of portable infusion
pumps to reduce hospital expenditure, steady increase in surgical
procedural volumes, and rising applications of infusion pumps in
pain management are some of the key factors driving the growth of
this market. However, patient safety risks and medication errors
associated with infusion pumps leading to product recalls and
stringent regulations for new products may restrict the growth of
this market during the forecast period.
On the basis of product type, the infusion pumps market is
segmented into devices and accessories. The Accessories segment is
further segmented into dedicated and non-dedicated disposables. The
dedicated disposables segment accounted for the largest share of
the infusion pump accessories market in 2015. Devices segment is
further subsegmented into volumetric infusion pumps, syringe
infusion pumps, insulin infusion pumps, enteral infusion pumps,
ambulatory infusion pumps, patient-controlled analgesia infusion
pumps, and implantable infusion pumps.
In 2015, the volumetric infusion pumps segment dominated the
infusion pump devices market. The large share of this segment can
be attributed to the increasing demand for volumetric infusion
pumps in hospitals, long-term acute care centers, clinics, and
ambulatory surgery centers.
Market Dynamics
Market Drivers
- Rising Demand for Ambulatory Infusion Pumps
- Increasing Incidence of Chronic Diseases Along with the Rapid
Growth in the Geriatric Population
- Growing Number of Surgical Procedures Performed
Market Restraints
- Patient Safety Risks and Medication Errors Associated with
Infusion Pumps Leading To Product Recalls
- Stringent Regulatory Requirements for New Products
Market Opportunities
- Increasing Demand for Infusion Pumps in Developing
Economies
- Growing Adoption of Specialty Infusion Systems
Market Challenges
- Increasing Incidence of Medication Errors and Lack of Wireless
Connectivity in Most Hospitals
Companies Mentioned
- B. Braun Melsungen AG
- Baxter International Inc.
- Becton, Dickinson and Company (BD)
- Fresenius SE & Co. Kgaa
- Johnson & Johnson
- Medtronic PLC
- Moog Inc.
- Pfizer Inc.
- Roche Diagnostics (A Division of F. Hoffmann-La Roche
Ltd.)
- Smiths Medical (A Division of Smiths Group PLC)
- Terumo Corporation
For more information about this report visit
http://www.researchandmarkets.com/research/8ch6tl/infusion_pump
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version on businesswire.com: http://www.businesswire.com/news/home/20170227006255/en/
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U.S.): +353-1-481-1716Related Topics: Infusions and Injectables ,
Needles and Syringes