Global Infusion Pumps Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast To 2022 – by Credence Research
According to the latest report published by Credence
Research, Inc. “Global Infusion Pumps Market -
Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 -
2022,” the infusion pumps market was valued at USD 3,325.15 Mn in
2015, and is expected to reach USD 4,698 Mn by 2022, expanding at a CAGR
of 5.2% from 2016 to 2022.
Browse the full report Global
Infusion Pumps Market - Growth, Share, Opportunities, Competitive Analysis, and
Forecast, 2016 – 2022 at http://www.credenceresearch.com/report/infusion-pumps-market
Market
Insights
Infusion pumps represents a novel
class of drug delivery and has found usage in a wide range of applications. The
chief factors contributing to the growth of infusion pumps market are
phenomenal rise in prevalence of diabetes, chronic pain and cancer, and technological
advancements coupled with rising pool of geriatric population. User-friendly
design, safety, reliability and ergonomic nature also have significantly
supported the growing demand for infusion pumps.
Ambulatory pumps have the widest use
among the infusion pumps options currently available in the market. Wireless
connectivity and ease of use highlight the adoption of ambulatory pumps in the
international markets. On the other hand, products such as insulin pumps will
have wide adoption due to large disease prevalence. Implantable pumps segment
will experience a slight decline during the forecast period due to the past
reporting of malfunction and implant rejection. Anticipated to regulatory
guidelines and safety measurements would however mitigate the issue and thereby
balance the market growth. Additionally, high incidence of diabetes and use of
insulin will lead to the rapid growth of insulin pumps market in diabetes
management segment.
In terms of end-users, this market is
categorized into hospitals, ambulatory care, home care, and physicians office
and clinics. Among these, hospitals is the largest segment in 2015 and will
correspond to the overall infusion pumps market growth. Evolved reimbursement
policies for home care infusion pumps would further lead to high demand for the
devices during the forecast period.
Some of the major players in the
global infusion pumps market include CareFusion Corporation, B. Braun Melsungen
AG, Johnson & Johnson, Baxter International, Hospira, Smiths Medical and
others. North America, Europe, Asia-Pacific, Middle East and North Africa, and
Latin America cumulatively make the global market. North America is the largest
market for insulin pumps and together with Europe, take over 60% of the global
market share in 2015. Asia Pacific is the fastest growing regional market for
insulin pumps.
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