The “Infusion Pumps and Accessories Market by Product (Volumetric, Syringe, Enteral, Insulin, Implantable, PCA Pump), Application (Diabetes, Chemotherapy, Nutrition, Pain Management), by End-user (Hospital, Home Healthcare) - Global Forecasts to 2018” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Browse 179 market data tables, 44 figures spread through 370 pages and in-depth TOC on “Infusion Pumps and Accessories Market”
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.
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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.
In 2013, the volumetric infusion pumps segment commanded the largest share of the global market and is expected to grow with moderate CAGR in next five years. The increasing applications and acceptance of insulin infusion pumps, patient controlled analgesia pumps, and implantable infusion pumps is expected to push the growth of these segments at a strong CAGR during the forecast period of 2013 to 2018.
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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).
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