The global market for Infusion pumps & accessories is poised to reach $11.5 billion by the end of 2020 growing at a CAGR of 6.6%. An infusion pumps is a medical device that delivers fluids into a patients body in controlled amounts. They are in widespread use in hospitals, nursing homes & in the home. Because infusion pumps are frequently used to administer critical fluids, including high-risk medications, pump failures can have significant implications for patient safety.
Many infusion pumps are equipped with safety features, such as alarms or other operator alerts that are intended to activate in the event of a problem. For example, some pumps are designed to alert users when air or another blockage is detected in the tubing that delivers fluid to the patient. Some newer infusion pumps, often called smart pumps, are designed to alert the user when there is a risk of an adverse drug interaction, or when the user sets the pumps parameters outside of specified safety limits.
Currently, North America accounts for the majority of the market share globally. APAC is the fastest growing segment of this market. The global market for infusion pumps & accessories can be segmented on the basis of Product (Pumps, Accessories, Disposables and others), Application (Oncology, Diabetes, Analgesia, Hematology, and Pediatrics, Gastroenterology), End user (Home Healthcare, Hospitals) and Geography (North America, Europe, APAC & RoW).
Increased adoption of infusion pumps in home care market, rapid technological advances, rise in the chronic disease population and rise in the aging population are the major factors boosting the growth of the market.
Regulatory framework concerns and safety issues regarding the usage of infusion pumps are the major challenges faced by the infusion pump market.
What the report offers
Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Global Infusion Pumps & Accessories Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the Global Infusion Pumps & Accessories market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
Manager – Partner Relations & International Marketing
Ph: +1-214-377-1121 (US)/ +44-020-3286-9338 (UK)