The global infusion pumps accessories market was valued at $7,143 million in 2013 and is expected to grow at a CAGR of 5.7% in the next five years owing to growing incidences of chronic diseases resulting from rising aging population in the forecast period, which in turn leads to an increase in the demand for infusion accessories for more effective and controlled management of chronic diseases. The increasing use for pain management and home healthcare is expected to boost this market. Additionally, the advancements in infusion pump technology are estimated to play an important role in the growth of this market.
Browse 179 market data tables, 44 figures spread through 370 pages and in-depth TOC
Infusion accessories are majorly used for the delivery of fluids or drugs in a solution to the patients. Infusion pumps enable the continuous delivery of nutritional fluids and drug solutions at predetermined rates in a controlled manner. The infusion setting has its application in both hospitals and home care. The enhanced patient compliance and overall reduction in healthcare costs are expected to encourage the use of infusion accessories, specifically in home care segment.
The global infusion pumps accessories market is segmented on the basis of product types, applications, end users, and geographies. Based on the type of product, the market is further segmented into devices (pumps) and accessories/disposables. The accessories/disposables are further segmented into dedicated disposables and non-dedicated disposables. Depending on the application area, the market is classified into diabetes, chemotherapy/oncology, gastroenterology, hematology, analgesia/pain management, pediatrics/neonatology, and others. Based on end users, the market is categorized into hospitals, home care, and others.
Get PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=90374506
The infusion pumps accessories market has a rising demand for flexible, portable, user-friendly, and cost-effective infusion products. This trend is expected to drive the adoption of these products in home care settings. The infusion pump manufacturers are also focusing on upgradation and integration of products to solve the present safety challenges and fulfill the unmet needs of the market.
The infusion pumps accessories market has witnessed a paradigm shift in the use of new and technologically advanced products causing a positive impact on the overall market growth. As a result, manufacturers are investing in and developing newer technologies to enhance their product portfolios.
North America dominated the infusion pumps market in 2013, accounting for a share of around 40% to 45%. However, the developed geographies like North America and Europe are likely to grow at lower CAGRs than the Asia-Pacific and RoW markets. The growing economical condition, increasing healthcare expenditures, and rising adoption of newer technologies in the Asia-Pacific region will drive the market in this region.
The major players in the market are B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), CareFusion Corporation (U.S.), Fresenius SE & Co. KGaA (Germany), Hospira, Inc (U.S.), Smiths Medical (U.S.), and Terumo Corporation (Japan).
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, healthcare IT, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/medical-devices
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets