Global demand for infusion pumps is anticipated to expand at a high single-digit compound annual growth rate (CAGR) during the period 2015-2025, according to a new report by New-York based research and consulting firm Future Market Insights (FMI).
Infusion Pumps Market: Drivers
According to the report, demand for smart infusion pumps, ones that track and aid medication adherence, will provide support to the overall market. Growth in emerging nations, which largely remain untapped, is also expected to cushion some level of saturation in developed countries.
The Health Information Technology for Economic and Clinical Health (HITECH) in the US has helped boost demand. HITECH allows healthcare centres to incorporate IT solutions while administering medication through IT pumps.
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Infusion Pumps Market Segmentation
FMI offers 10-year market forecast on the basis of products (ambulatory infusion, infusion disposable, syringe, implantable, and volumetric), application (oncology, neonatology, diabetes, hematology, pain management, and gastroenterology), end-user (hospitals, home care, ambulatory surgical centres)
FMI’s report also offers market forecast on the basis of region. The key regions covered in the report are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific.
Infusion Pumps Market Key Players
The key players in the global infusion pumps market Terumo Corporation Baxter International, Inc. Medtronic, Inc, Braun Melsungen AG, CareFusion Corporation, Hospira Inc, Smiths Medical, Fresenius Kabi AG, Nipro Corporation and Codman & Shurtleff, Inc.
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