Market Overview

Global Infusion Pump Market by Product, Application and End-User to 2023 - CAGR to Grow at 6% - Increasing Adoption of Refurbished and Rental Infusion Pumps is Restraining Growth


Global Infusion Pump Market by Product, Application and End-User to 2023 - CAGR to Grow at 6% - Increasing Adoption of Refurbished and Rental Infusion Pumps is Restraining Growth

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DUBLIN, July 20, 2018 /PRNewswire/ --

The "Infusion Pump Market by Product, Application, End User - Global Forecast to 2023" report has been added to's offering.

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The infusion pumps market is expected to reach USD 15.89 billion by 2023 from USD 11.9 billion in 2018, at a CAGR of 6%.

The overall growth of the infusion pumps market is largely driven by the increasing incidence of chronic diseases along with the rapid growth in the geriatric population, rising demand for ambulatory infusion pumps, and the growing volume of surgical procedures performed. In addition, untapped, emerging markets such as India and China and the growing adoption of specialty infusion pumps are offering significant growth opportunities for players operating in the infusion pumps market.

However, increasing incidence of medication errors and lack of wireless connectivity in most hospitals represents a significant challenge to the market growth.

Based on product, the market has been segmented into devices (volumetric infusion pumps, insulin infusion pumps, enteral infusion pumps, ambulatory infusion pumps, syringe infusion pumps, PCA infusion pumps, and implantable infusion pumps) and accessories/consumables. The insulin infusion pumps segment is expected to register the highest CAGR during the forecast period. The growth of insulin pumps segment can be primarily attributed to the increasing prevalence of diabetes, coupled with the growing demand for management of insulin at home.

Based on end users, the market has been segmented into hospitals, home care settings, ambulatory care settings, and academic and research institutes. The home care settings segment is projected to register the highest CAGR in the infusion pumps market during the forecast period. Increasing awareness and acceptance of ambulatory infusion pumps such as disposable pumps at home care settings to reduce hospital stays, is propelling the growth of the infusion pumps market for home care settings.

Geographically, the infusion pumps market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America commanded a major share of the infusion pumps market. However, Asia Pacific is expected to witness the highest growth during the forecast period. The significant growth of the Asia Pacific market is mainly attributed to the increasing prevalence of chronic diseases, along with the rising geriatric population, increasing healthcare expenditure, and growing demand for advanced medical technologies in the region.

The players competing in this market are Becton, Dickinson and Company (US), Baxter (US), ICU Medical (US), B. Braun (Germany), Fresenius Kabi (Germany), Medtronic (Ireland), Smiths Medical (US), Terumo Corporation (Japan), Moog (US), Roche Diagnostics (Switzerland), Halyard Health (US), Mindray Medical (China), Micrel Medical Devices SA (Greece), and Insulet Corporation (US)

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Data Key Data From Secondary Sources
2.1.2 Primary Data Key Data From Primary Sources Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.5 Limitations
2.6 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Infusion Pump: Market Overview
4.2 APAC: Infusion Pump Market, By End User (2017)
4.3 Geographical Snapshot of the Infusion Pump Market
4.4 Infusion Pump Market: Geographic Growth Opportunities
4.5 Infusion Pump Market: Developing vs Developed Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers Rising Demand for Ambulatory Infusion Pumps Increasing Incidence of Chronic Diseases Along With the Rapid Growth in the Geriatric Population Growing Number of Surgical Procedures Performed
5.2.2 Market Restraints Frequent Product Recalls of Infusion Pumps Stringent Regulatory Requirements for New Products Increasing Adoption of Refurbished and Rental Infusion Pumps
5.2.3 Market Opportunities Emerging Markets Growing Adoption of Specialty Infusion Systems
5.2.4 Market Challenges Increasing Incidence of Medication Errors and Lack of Wireless Connectivity in Most Hospitals

6 Industry Insights
6.1 Introduction
6.2 Porter's Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Competitive Rivalry
6.3 Product Benchmarking

7 Regulatory Analysis
7.1 Introduction
7.1.1 North America US Canada
7.1.2 Europe
7.1.3 APAC Japan China India
7.1.4 Latin America Brazil Mexico

8 Infusion Pump Market, By Product
8.1 Introduction
8.2 Devices
8.2.1 Volumetric Infusion Pumps
8.2.2 Syringe Infusion Pumps
8.2.3 Insulin Infusion Pumps
8.2.4 Ambulatory Infusion Pumps Disposable Infusion Pumps Chemotherapy Infusion Pumps
8.2.5 Enteral Infusion Pumps
8.2.6 PCA Infusion Pumps
8.2.7 Implantable Infusion Pumps
8.3 Infusion Pump Accessories/Consumables
8.3.1 Dedicated Accessories/Consumables Volumetric Infusion Pump Accessories/Consumables Enteral Infusion Pump Accessories/Consumables Insulin Infusion Pump Accessories/Consumables Syringe Infusion Pump Accessories/Consumables Ambulatory Infusion Pump Accessories/Consumables PCA Pump Accessories/Consumables Implantable Infusion Pump Accessories/Consumables
8.3.2 Non-Dedicated Accessories/Consumables Infusion Catheters IV/Administration Sets Needleless Connectors Cannulas Tubing and Extension Sets Valves Other Non-Dedicated Accessories/Consumables

9 Infusion Pump Market, By Application
9.1 Introduction
9.2 Chemotherapy/Oncology
9.3 Diabetes
9.4 Gastroenterology
9.5 Analgesia/Pain Management
9.6 Pediatrics/Neonatology
9.7 Hematology
9.8 Other Applications

10 Infusion Pump Market, By End User
10.1 Introduction
10.2 Hospitals
10.3 Home Care Settings
10.4 Ambulatory Care Settings
10.5 Academic & Research Institutes

11 Global Infusion Pump Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 RoE
11.4 APAC
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 RoAPAC
11.5 Latin America
11.6 Middle East & Africa

12 Competitive Landscape
12.1 Overview
12.2 Revenue Analysis (2016-2017)
12.3 Geographic Reach of the Top Market Players (2017)
12.4 Market Share Analysis
12.5 Competitive Situation and Trends
12.5.1 Collaborations and Agreements
12.5.2 Product Launches and Enhancements
12.5.3 Expansions
12.5.4 Acquisitions

13 Company Profiles
13.1 Becton, Dickinson and Company (BD)
13.2 B. Braun Melsungen
13.3 Baxter International
13.4 Fresenius Kabi
13.5 ICU Medical
13.6 Medtronic
13.7 Moog Inc. (Moog)
13.8 Smiths Medical (A Division of Smiths Group PLC)
13.9 Terumo Corporation
13.10 Roche Diagnostics (A Division of F. Hoffmann-LA Roche Ltd.)
13.11 Halyard Health
13.12 Mindray Medical International Limited
13.13 Micrel Medical Devices
13.14 Insulet Corporation

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