Global Infusion Pumps Market 2017-2021
About Infusion Pumps
An infusion pump is a medical device that is used in healthcare facilities to provide control, accuracy, and precision in the delivery of fluids such as drugs, nutrients, and blood to patients during treatment. Infusion pumps should deliver the fluids at a proper rate and dose to avoid complications. Infusion pumps are often used in intensive care units (ICUs), emergency rooms, and operating rooms.
Technavio’s analysts forecast the global infusion pumps market to grow at a CAGR of 5.88% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global infusion pumps market for 2017-2021. To calculate the market size, the report considers new installations, shipments, sales, value, retrofit and services of infusion pumps devices.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Infusion Pumps Market 2017-2021
Technavio recognizes the following companies as the key players in the global infusion pumps market: BD, Medtronic, and Smiths Medical.
Other Prominent Vendors in the market are: Flowonix Medical, InfuSystem, Moog, Medovex, and Zimmer Biomet.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in partnerships and collaborations. The global infusion pumps market is characterized by the presence of several vendors. Hence, to maintain their market shares in the competitive environment, vendors are adopting partnerships and collaborations.”
According to the report, one driver in the market is increase in number of surgical procedures. There has been an increase in the number of surgical procedures for trauma, orthopedic, ophthalmic, laparoscopic, endoscopic, large-volume liposuction, and cosmetics. Trauma requires immediate medical attention such as blood transfusion and fluid resuscitation to save the life. Generally, all blood transfusion procedures require infusion pumps to regulate the flow of blood.
Further, the report states that one challenge in the market is product recalls and stringent regulations for device approval. Infusion pumps are used in several treatment procedures. Due to the increase in demand, there are various companies that manufacture technologically advanced infusion pumps. There have been recalls of products by the FDA due to safety issues and product quality. The recall of medical devices by regulatory authorities or manufacturers can negatively impact the sustainability and market shares of companies.
BD, Medtronic, Smiths Medical, Flowonix Medical, InfuSystem, Moog, Medovex, and Zimmer Biomet.
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