Infusion Pumps & Accessories Market by Product [Devices & Pumps (Syringe Infusion Pump, Insulin Infusion Pumps, Volumetric Infusion Pumps, Ambulatory Infusion Pumps, Patient Controlled Analgesia Pumps, Implantable Infusion Pumps, and Enteral Infusion Pumps) and Accessories & Disposables (Infusion Catheters, Valves, IV Sets, Cannulas, Tubing, Needles, and Others)], Application (Diabetes, Gastroenterology, Analgesia & Pain Management, Chemotherapy, Pediatrics & Neonatology, and Others), and End User (Hospitals, Home Care Settings, Ambulatory Surgical Centers, and Others) - Global Opportunities and Forecasts, 2017-2023
Infusion pumps are medical devices, which are used to deliver fluids, nutrients or medications, such as insulin and other hormones, chemotherapy drugs, antibiotics, and pain relievers into a patient’s body at preset intervals in accurate dosages. The infused fluids and medications play vital role in therapeutics or medical treatments, and are widely used in healthcare settings such as patient, outpatient, private clinics, and at-home settings.
The global infusion pumps & accessories market was valued at $6,478 million in 2016, and is estimated to reach $9,512 million at a CAGR of 5.6% from 2017 to 2023. The major factors that drive the growth of the market include high prevalence of chronic diseases, rise in adoption rate of portable infusion pump to reduce hospital expenditure, increase in geriatric population, wide range of applications of infusion pumps, and development of the home healthcare market. However, several errors associated with infusion pumps leading to product recalls and stringent government regulations for the approval of pumps hamper the market growth. Conversely, development of efficient medical devices and surge in adoption of infusion systems in the developing economies are expected to offer lucrative opportunities for the market growth during the forecast period.
The global infusion pumps & accessories market is classified on the basis of product, application, end user, and region. According to product, the market is segmented into devices & pumps and accessories & consumables. The devices & pumps segment is further segmented into syringe infusion pump, insulin infusion pumps, volumetric infusion pumps, ambulatory infusion pumps, patient controlled analgesia pumps, implantable infusion pumps, and enteral infusion pumps. Accessories & disposables are subsegmented into infusion catheters, valves, IV sets, cannulas, tubing, needles, and others. On the basis of application, the market is categorized into diabetes, gastroenterology, analgesia & pain management, chemotherapy, pediatrics & neonatology, and others. By end user, it is fragmented into hospitals, home healthcare, ambulatory surgical centers, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global infusion pumps and accessories market with current trends and future estimations from 2016 to 2023 to elucidate the imminent investment pockets.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global & regional scale are provided.
Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
Key Market Segments
Devices & Pumps
Syringe Infusion Pumps
Insulin Infusion Pumps
Volumetric Infusion Pumps
Ambulatory Infusion Pumps
Patient Controlled Analgesia Pumps
Implantable Infusion Pumps
Enteral Infusion Pumps
Accessories & Disposables
Analgesia & Pain Management
Pediatrics & Neonatology
By End User
Ambulatory Surgical Centers (ASCs)
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
Baxter International Inc.
Fresenius SE & Co.
Johnson & Johnson
Becton, Dickinson and Company
ICU Medical, Inc.
CME Medical UK Limited
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook