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

NEW YORK, Feb. 21, 2017 /PRNewswire/ -- 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.

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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.

North America represented the largest infusion pump market in 2015, followed by Europe and Asia-Pacific. The Asia-Pacific market is expected to register the highest CAGR during the forecast period. Factors such as large population, increasing geriatric population, growing incidence of chronic diseases, rising awareness and accessibility of advanced healthcare facilities, rising healthcare spending, rapidly improving health insurance sector, growing demand for advanced technologies, and expansion of private-sector hospitals to rural areas are fueling the demand for infusion devices in the APAC region.

Some of the major market players in the global infusion pumps market include Becton, Dickinson and Company (U.S.), Baxter International, Inc. (U.S.), Pfizer Inc. (U.S.), B. Braun Melsungen AG (Germany), Fresenius SE & CO. KGaA (Germany), Medtronic plc (Ireland), Smiths Group plc (U.K.), Terumo Corporation (Japan), Moog, Inc. (U.S.), F. Hoffmann-la Roche Ltd. (Switzerland), and Johnson & Johnson (U.S.).

Research Coverage:
The report analyzes the various types of infusion pumps and accessories and its adoption pattern. It aims at estimating the market size and future growth potential of the infusion pumps market for different segments such as products, applications, end users, and regions. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater market share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for reaping greater market shares.

This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by the top players in the infusion pumps market. The report analyzes the infusion pumps market by type-of-product, application, and end user across countries.
- Product Development/Innovation: Detailed insights on upcoming trends, R&D activities, and product launches in the infusion pumps market
- Market Development: Comprehensive information on the lucrative emerging markets in infusion pumps
- Market Diversification: Exhaustive information about new products, growing regions, recent developments, and investments in the infusion pumps market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the infusion pumps market

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