Tag Archives: Infusion Pumps Market

Infusion Pumps Market Progresses for Huge Profits by 2019

A new Transparency Market Research report states that the global infusion pumps market stood at US$5.41 bn in 2012 and is predicted to reach US$7.77 bn by 2019, expanding at a CAGR of 5.30% from 2013 to 2019. The title of the report is, “Infusion Pumps Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”

Infusion pumps are utilized to infuse medication, nutrients, and fluids into the circulatory system of a patient. They can administer fluids in ways which if done manually by nursing staff are unreliable or impractically expensive. Infusion pumps are capable of producing considerably high but controlled pressure levels so as to inject controlled amount of fluids epidurally or subcutaneously. Infusion pumps are most commonly utilized intravenously, although arterial, epidural, and subcutaneous infusions are also employed occasionally.

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As per the report, the rising count of patients suffering from cancer, chronic pain, and diabetes is a major factor fuelling the market for infusion pumps. In addition, the increasing aging population and the rising proliferation of products with advanced technologies are also amongst the chief factors stimulating the market for infusion pumps. On the other hand, some obstacles may arise in the infusion pump devices, especially those relating to product recalls, thus inhibiting the growth of the market.

In terms of product, the infusion pumps market is segmented into large volume, syringe, disposable, implantable, and ambulatory infusion pumps. Amongst these, the segment of large volume infusion pumps led the market in 2012 with a share of 36.9% on the basis of revenue. This segment is predicted to maintain its superiority all through the forecast horizon owing to wider infusion time range and high accuracy infusions provided by large volume infusion pumps. This segment was trailed by the segment of disposable infusion pumps.

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On the basis of pumping channel, the report segments the market into multiple channel and single channel infusion pumps. In terms of application, the report segments the market into chemotherapy, analgesia, clinical nutrition, diabetes, and others. Amongst these, in 2012, the segment of clinical nutrition held the largest share in the market. This is owing to the large malnourished population in countries of Africa and Asia Pacific. The segment of chemotherapy and analgesia trailed clinical nutrition and held the second-largest share in the market.

On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Amongst these, the North America infusion pumps market held the largest share in 2012 and is predicted to expand at a 4.90% CAGR from 2013 to 2019. On the other hand, Asia Pacific is anticipated to grow at a swifter pace as compared to that of North America in the forecast horizon due to the increasing occurrence of cancer and diabetes and the large population base in this region.

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As per the report, the chief players operating in the market are CareFusion Corporation, Hospira, Inc., Baxter International, Inc., Fresenius Kabi AG, Terumo Corporation, and B. Braun Melsungen AG, among others.

 

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Infusion Pumps Market to Observe Strong Development by 2019

A new Transparency Market Research report states that the global infusion pumps market stood at US$5.41 bn in 2012 and is predicted to reach US$7.77 bn by 2019, expanding at a CAGR of 5.30% from 2013 to 2019. The title of the report is, “Infusion Pumps Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”

Infusion pumps are utilized to infuse medication, nutrients, and fluids into the circulatory system of a patient. They can administer fluids in ways which if done manually by nursing staff are unreliable or impractically expensive. Infusion pumps are capable of producing considerably high but controlled pressure levels so as to inject controlled amount of fluids epidurally or subcutaneously. Infusion pumps are most commonly utilized intravenously, although arterial, epidural, and subcutaneous infusions are also employed occasionally.

View Report Overview:

http://www.transparencymarketresearch.com/infusion-systems-market.html

As per the report, the rising count of patients suffering from cancer, chronic pain, and diabetes is a major factor fuelling the market for infusion pumps. In addition, the increasing aging population and the rising proliferation of products with advanced technologies are also amongst the chief factors stimulating the market for infusion pumps. On the other hand, some obstacles may arise in the infusion pump devices, especially those relating to product recalls, thus inhibiting the growth of the market.

In terms of product, the infusion pumps market is segmented into large volume, syringe, disposable, implantable, and ambulatory infusion pumps. Amongst these, the segment of large volume infusion pumps led the market in 2012 with a share of 36.9% on the basis of revenue. This segment is predicted to maintain its superiority all through the forecast horizon owing to wider infusion time range and high accuracy infusions provided by large volume infusion pumps. This segment was trailed by the segment of disposable infusion pumps.

Request Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1601

On the basis of pumping channel, the report segments the market into multiple channel and single channel infusion pumps. In terms of application, the report segments the market into chemotherapy, analgesia, clinical nutrition, diabetes, and others. Amongst these, in 2012, the segment of clinical nutrition held the largest share in the market. This is owing to the large malnourished population in countries of Africa and Asia Pacific. The segment of chemotherapy and analgesia trailed clinical nutrition and held the second-largest share in the market.

On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Amongst these, the North America infusion pumps market held the largest share in 2012 and is predicted to expand at a 4.90% CAGR from 2013 to 2019. On the other hand, Asia Pacific is anticipated to grow at a swifter pace as compared to that of North America in the forecast horizon due to the increasing occurrence of cancer and diabetes and the large population base in this region.

Buy Infusion Pumps Market Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=1601&ltype=S

As per the report, the chief players operating in the market are CareFusion Corporation, Hospira, Inc., Baxter International, Inc., Fresenius Kabi AG, Terumo Corporation, and B. Braun Melsungen AG, among others.

Increasing Prevalence of Diseases Results in Growth of Global Infusion Pumps Market

Currently, the global infusion pumps market is crowded with many active players introducing a wide variety of specialties across the globe. Key players operating in the global infusion pumps market are focusing on introducing new varieties of insulin pumps, ambulatory pumps, large volume pumps, implantable infusion pumps, disposable pumps, and enteral feeding pumps. Technology advancements have helped companies to focus more on manufacturing disposable infusion pumps, which are in demand among hospitals, clinics, and healthcare centers in many areas.

Top companies including CareFusion Corporation, Baxter International, Inc., B. Braun Melsungen AG, and Hospira, Inc. are taking efforts to enhance their already existing infusion pumps. Transparency Market Research (TMR), in its new report, states that the global market for infusion pumps is expected to witness significant growth owing to the rising aging population. As per the report, the global market recorded US$5.4 bn in 2012 and is predicted to reach US$7.7 bn by 2019, progressing at a 5.30% CAGR.

Research Report:

http://www.transparencymarketresearch.com/infusion-systems-market.html

TMR experts answer the following questions related to the global infusion pumps market, that the companies operating in this market might want to ask:

Q. Will increasing patient base benefit the global market for infusion pumps?

Yes, the increasing patient base is one of the primary factors expected to drive the global market for infusion pumps. Among all health problems, the number of people diagnosed with diabetes is increasing considerably. An uptick in diabetic people is expected to be responsible for the steady expansion of the global infusion pumps market. Apart from this, the market is also expected to be benefited from rising aging population. Technological advancements in the medical devices are predicted to further contribute towards the growth of the global market.

Q. What are the factors expected to restrict the growth of the global infusion pumps market?

Many healthcare clinics and hospitals in various locations reported problems in infusion pumps, leading to product recalls. The patient protection and affordable care act also impose many restrictions on the use of medical devices considering the device problems. Stringent government rules and regulations restrict the entry of new companies in the global infusion pumps market. All these factors are expected to restrict the growth of the global market for infusion pumps in the near future.

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Q. Will new product launches and awareness programs benefit the global demand for new infusion pumps?

Yes, emerging nations are offering many opportunities to manufacturers to introduce their new products in the global market. The availability of enough medical infrastructure is also predicted to benefit manufacturers to launch new products. Many companies are involved in infusion pumps analysis services to reveal key practices that contribute to the smart pump workarounds.

For instance, B. Braun, a leading company was recently in the news for launching its infusion safety analysis service that was designed to assure meaningful use of infusion pumps. The infusion pumps safety analysis service helped reveal top infusions pumps.

The global market for infusion pumps is moving towards smart technology. Key companies are engaged in manufacturing smart infusion pumps with high capacity to avoid errors related to dosing.

Increasing Prevalence of Diseases Results in Growth of Global Infusion Pumps Market

Infusion Pumps Market to Reach US$7.77 bn by 2019The global infusion pumps market is fragmented with around 70 players worldwide. Yet, the top three players have been successful in creating a strong consumer base and accounted for 48.2% of the market in 2012. Leading players in the market are: CareFusion Corporation, Hospira, Inc., Baxter International, Inc., B. Braun, Smith Medical, and Fresenius Kabi AG, and Medtronic, Inc. The competitive rivalry in each segment is high as players focus on particular segment. The well-established players have achieved technological advancements in networkability, wireless data transmission, and advanced drug library, states a new report by Transparency Market Research (TMR).

The threat of substitutes is expected to be low even though fluid rate-flow regulators and clamps are substitutes for infusion pumps. This is because these substitutes have several disadvantages such as high error rates and flow rates and inability to deliver potent drugs. According to the report, the global infusion pumps market is expected to be worth US$7.7 bn by the end of 2019. On the basis of product, the market is expected to be led by the large volume infusion pumps segment. By 2019, the large volume infusion pumps segment is expected to account for 34.8% of the market.

North America to Lead Infusion Pumps Market owing to Growing Geriatric Population

On the basis of application, the clinical nutrition segment is expected to lead and account for 30.0% of the market by 2019. By geography, North America is expected to lead in the market and be worth US$ 3,323.2 mn by 2019. The rising obese and geriatric population in North America are fueling the demand for infusion pumps in the region. In this region, infusion pumps are used to deliver other medications, besides their use for treating chronic pain. As per Section 3025 of the Affordable Care Act, hospitals are penalized for excess readmissions. Thus, there is a rise in the demand for home infusion pumps as hospitals try to shorten the hospitalization period.

Advancements and Innovations in Infusion Pumps to Drive Demand

Technological advancements are playing a major role in the growth of the infusion pumps market. Players in the market are focusing on developing innovative products to gain a competitive edge. The advent of advanced infusion pumps is helping doctors to program and calculate dose delivery rates in a more efficient manner, enabling them to provide better patient care. Innovations and developments are thus leading to enhanced product performance, driving the demand for infusion pumps.

The growing geriatric population is another driving factor for the increased demand for infusion pumps. This is because elderly people are more susceptible to diseases and health conditions such as chronic pain, cancer, and diabetes.

Product Recalls and High Taxes Pose a Roadblock for Market Players

Infusion pumps are associated with problems such as software error messages, battery failure, broken components, over and under infusion, and alarm failure. The FDA received more than 56,000 medical device reports related to infusion pumps from January 1, 2005 to December 31, 2009 with defects. Of these, some led to death and others led to serious complications. This led to the recall of 87 infusion pumps between 2004 and 2009. Such product recalls are hampering the growth of the market.

The Patient Protection and Affordable Care Act (PPACA) was brought into effect in 2010; it states that an excise tax of 2.3% on medical devices will be levied. This tax is hampering the growth of the market as it imposes an additional burden on medical device manufacturers.

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Developing Nations to Widen Scope of Opportunity for Market Players

Developing nations such as China, Brazil, Mexico, and India offer immense opportunities of growth in the infusion pumps market. Developing nations constitute eight of the top ten countries in the world with the highest number of diabetes patients, which is expected to boost the demand for these pumps. Additionally, the economic growth in these countries is expected to increase the disposable income of the patient population, thus increasing their willingness to spend on healthcare. Moreover, governments and private insurance companies of these nations are striving to improve healthcare coverage, to offer better support and enhanced healthcare facilities. All these factors make developing nations a potential market for growth in the infusions pumps industry.

This information is based on the findings of a report published by Transparency Market Research titled “Infusion Pumps Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 – 2019.”

Applications and Segmentation of the 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.

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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.

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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

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