The Infusion Pumps Market is bound to witness a CAGR of XX% and 2X between 2015-2025. The current scenario is such that technology is making inroads into the healthcare vertical, which is, in turn, reducing the cumbersome, in-person interactions with the caregiver. Telehealth is expected to outlive physical meetings in the forecast period. This would be the state of the healthcare vertical going forward.
Infusion pumps are an external devices used in the healthcare to deliver the medication, nutrients, and fluids to the patient’s body in accurate amount and controlled manner through intravenous, subcutaneous and arterial routs. Infusion pumps are of two types one is for stationary purpose and another type is for portable purpose.
Stationary infusion pumps are used in the hospitals for patients. While using the stationary infusion pumps we cannot move anywhere, portable infusion pumps are wearable and we can use it while travelling.
Generally infusion pumps are preferred for medication of pain relievers, chemotherapy drugs, fluids and insulin. Because patients who are using this medications require accurate and conditional dose.
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Infusion pumps are used in the treatment of chronic disorders for delivering medication like chemotherapy, diabetic. Infusion pimps plays a major role for delivering accurate medication in this disorders.
From the past few years the prevalence rate of chronic disorders are increasing, the rapid growth of technology in health care also leads to give good awareness about health. Because of this the use of infusion pumps will increase. Advantages like technology, safety features and shapes & sizes of the devices also boost up the market growth.
Although infusion pumps having some adverse events may be the result of user error, many of the reported events are related to deficiencies in device design and software, which can either create problems themselves or contribute to user error.
Key Segmentation
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Treatment of Chronic disorders like diabetes, chemotherapy and pain management/Analgesia needs this infusion pumps. This treatments needs accurate and conditional delivery of medication. So the market of infusion pumps in this application is very high.
Rapid increasing of chronic disorders and technologies and increasing awareness of health leads to increase the use of infusion pumps, and the global infusion pumps market is expected to have a double digit growth in the forecast period (2015-2025).
Based on geographic regions, globally infusion pump devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
North America dominates the global infusion market in the world due to the high prevalence rate of chronic diseases. And it is most developed region, people are having good awareness about health also driven the use of Infusion pumps. Infusion pumps market is expected to experience a rapid growth in Asia pacific region. Asia pacific region occupies second place in infusion pumps market due to increase in prevalence rate of chronic diseases in countries like china and India. Europe also having good market for infusion pumps.
Some of the key players in this infusion pump market are Hospira Inc, CareFusion Corporation, Baxter International, Inc. Medtronic, Inc, Smiths Medical, Fresenius Kabi AG, Braun Melsungen AG, Terumo Corporation Nipro Corporation and Codman & Shurtleff, Inc.
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