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Infusion Pump Market by Product, Application & End User - Global Forecast to 2021

Infusion Pump Market: Global Forecast until 2021

  • February 2017
  • 289 pages
  • ID: 4710244
In this report:
The total healthcare spending in China is increasing, and it is projected to exceed USD ## billion per year by 2018 at an annual average growth of ##.##% (in local currency terms) from 2014 to 2018.
According to the Office of National Statistics, U.K., the total health expenditure from both the public and private sectors in 2014 was USD ##.## billion (GBP ##.## billion), an increase of ##.##% between 2013 and 2014.

Summary

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The overall infusion pumps market is forecasted to grow at a compound annual growth rate (CAGR) of 6.00 percent from 2016 to 2021, to attain ~$10.8B by 2021 from ~$8.1B in 2016. Growing prevalence of chronic diseases along with rising geriatric population, growing adoption of portable infusion pumps to minimize hospital expenditure, steady growth in surgical procedural volumes, and growing applications of infusion pumps in pain management are some of the main factors driving the rise of this market. Nevertheless, patient safety risks and medication errors combined with infusion pumps leading to product recalls and stringent regulations for recent products may restrict the increase of this market during the estimate period.

On the basis of product type, the infusion pumps market is divided into devices and accessories. The Accessories segment is further broken down into dedicated and non-dedicated disposables. The dedicated disposables segment recorded for the most important 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 controled the infusion pump devices market. The important share of this segment can be accredited to the growing demand for volumetric infusion pumps in hospitals, long-term acute care centers, clinics, and ambulatory surgery centers.

North America continent represented the biggest infusion pump market in 2015, succeeded by Europe (EU) and Asia Pacific (APAC). The APAC market is projected to register the highest compound annual growth rate (CAGR) during the outlook period. Elements such as big population, growing geriatric population, increasing incidence of chronic diseases, increasing awareness and accessibility of advanced healthcare facilities, growing healthcare spending, quickly improving health insurance market, increasing demand for advanced technologies, and expansion of private-sector hospitals to rural areas are fueling the industry demand for infusion devices in the Asia-Pacific regions.

Some of the main market actors in the overall infusion pumps market contain Becton Dickinson (NYSE:BDX), Becton, Dickinson and Company (BD) (NYSE:BDX), Baxter International, Incorporated, Pfizer Inc., B. Braun Melsungen AG, Fresenius SE & CO. KGaA, Medtronic (NYSE:MDT), Smiths Group plc, Terumo (TYO:4543), Moog, Incorporated, F. Hoffmann-la Roche Ltd., and Johnson & Johnson (NYSE:JNJ).

Segment Research

The market research examines the different types of infusion pumps and accessories and its adoption pattern. It aims at evaluating the market value and future increase potential of the infusion pumps market for distinct segments including products, applications, final users, and localities. The industry report also comprises a detailed competitive analysis of the top players in this sector together with their company descriptions, product offerings, latest developments, and key industries strategies.

Reasons to Buy the Report

The study will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them collect a larger market share. Companies obtaining the analysis could use one or any combination of the below-mentioned five strategies for reaping greater market shares.

This industry report offers business insights on these pointers:

• Market Uptake: Exhaustive data on product types provided by the top actors in the infusion pumps market. The market research examines the infusion pumps market by type-of-product, application, and end user across territories.

• Product Development/Innovative products: In-depth understanding on upcoming trends, Research&development activities, and launches of new product in the infusion pumps market

• Market Development: Highlighted information on the profitable emerging sectors in infusion pumps

• industry diversification: Complete information about recent products, increasing regions, recent evolutions, and market investments in the infusion pumps market

• opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the infusion pumps market

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