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Global $15.9 Billion Infusion Pump Market Report 2018-2023 - Rising Demand for Ambulatory Infusion Pumps is One Driver of the Market
 
(April 11, 2018)

DUBLIN, April 11, 2018 /PRNewswire/ --

The "Infusion Pump Market by Product, Application, End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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The global infusion pump market is projected to reach USD 15.89 Billion by 2023 from USD 11.90 Billion in 2018, growing at a CAGR of 6%.



Factors such as the increasing prevalence of chronic diseases along with the rapid growth in the geriatric population, growing use of ambulatory infusion pumps in home care settings, and growing number of surgical procedures are driving the market growth.

The report analyzes the infusion pump market by product, application, end user, and region. On the basis of product, the global infusion pumps market is segmented into devices and accessories/consumables.

In 2017, the accessories/consumables segment is expected to grow at a highest CAGR during the forecast period. Growth of this segment can be attributed to the increasing use of accessories/consumables during infusion therapy and increasing prevalence of chronic diseases such as diabetes, cancer. The accessories/consumables segment is further segmented into dedicated accessories/consumables and non-dedicated accessories/consumables. Dedicated accessories/consumables for infusion pumps dominated infusion pump accessories/consumables market in 2017. This can be attributed to the increasing demand for dedicated accessories/consumables in chronic disease management to minimize the risk of non-compatibility of accessories with infusion devices.

The devices include volumetric infusion pumps, syringe infusion pumps, insulin infusion pumps, ambulatory infusion pumps, enteral infusion pumps, patient-controlled analgesia infusion pumps, and implantable infusion pumps. In 2017, the insulin infusion pumps segment dominated the infusion pump devices market. The insulin infusion pumps segment is expected to register the highest CAGR during the forecast period. The increasing prevalence of diabetes, coupled with the growing demand for the management of insulin at home, is expected to drive the growth of this market segment.

Based on application, the infusion pump market is segmented into chemotherapy/oncology, diabetes, gastroenterology, analgesia/pain management, pediatrics/neonatology, hematology, and other applications. The chemotherapy/oncology segment accounted for the largest share of the global infusion pump market in 2017. The large share of this segment can be attributed to the growing incidence of cancer, increasing availability of ambulatory infusion pumps for chemotherapy, and the introduction of technologically advanced products in this market segment. The diabetes segment is expected to grow at the highest CAGR during the forecast period. Growth the diabetes segment is mainly driven by the increasing incidence of diabetes and rising demand for insulin pumps for the management of diabetes in home care settings.

On the basis of end user, the infusion pumps market is segmented into hospitals, home care settings, ambulatory care settings, and academic & research institutes. The hospitals segment dominated the market in 2017. The large share of this end-user segment is mainly attributed to the strong financial capabilities of hospitals for purchasing high-priced infusion devices, large patient pool, and the availability of trained professionals to operate infusion pumps.

Geographically, the infusion pumps market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America accounted for the largest share of this market. However, the Asia Pacific region is expected to witness the highest CAGR during the forecast period of 2018 to 2023. Factors such as the rising geriatric population, growing incidence of chronic diseases, increased accessibility to advanced healthcare facilities, rising healthcare spending, rapidly improving health insurance sector, growing demand for advanced technologies, and expansion of private-sector hospitals to rural areas are fueling the demand for infusion devices in the APAC region. However, frequent product recalls of infusion pumps, stringent regulatory requirements for new products, and the increasing adoption of refurbished infusion pumps are restraining the growth of this market to a certain extent.

The global infusion pumps market is characterized by a large number of players. The market is highly fragmented and competitive in nature and is dominated by Becton, Dickinson and Company (US), Baxter (US), ICU Medical (US), B. Braun (Germany), Fresenius Kabi (Germany), Medtronic (Ireland), Smiths Medical (US), Terumo Corporation (Japan), Moog (US), Roche Diagnostics (Switzerland), Halyard Health (US), Mindray Medical (China), Micrel Medical (Greece), and Insulet Corporation (US). Key players in the market are pursuing several organic and inorganic growth strategies such as product launches, expansions, acquisitions, and agreements to garner larger shares of the market. During 2015 to January 2018, companies adopted collaborations and agreements as their major growth strategy followed by product launches and enhancements.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.5 Limitations
2.6 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Infusion Pump: Market Overview
4.2 APAC: Infusion Pump Market, By End User (2017)
4.3 Geographical Snapshot of the Infusion Pump Market
4.4 Infusion Pump Market: Geographic Growth Opportunities
4.5 Infusion Pump Market: Developing vs Developed Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Rising Demand for Ambulatory Infusion Pumps
5.2.1.2 Increasing Incidence of Chronic Diseases Along With the Rapid Growth in the Geriatric Population
5.2.1.3 Growing Number of Surgical Procedures Performed
5.2.2 Market Restraints
5.2.2.1 Frequent Product Recalls of Infusion Pumps
5.2.2.2 Stringent Regulatory Requirements for New Products
5.2.2.3 Increasing Adoption of Refurbished and Rental Infusion Pumps
5.2.3 Market Opportunities
5.2.3.1 Emerging Markets
5.2.3.2 Growing Adoption of Specialty Infusion Systems
5.2.4 Market Challenges
5.2.4.1 Increasing Incidence of Medication Errors and Lack of Wireless Connectivity in Most Hospitals

6 Industry Insights
6.1 Introduction
6.2 Porter's Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Competitive Rivalry
6.3 Product Benchmarking

7 Regulatory Analysis
7.1 Introduction
7.1.1 North America
7.1.1.1 US
7.1.1.2 Canada
7.1.2 Europe
7.1.3 APAC
7.1.3.1 Japan
7.1.3.2 China
7.1.3.3 India
7.1.4 Latin America
7.1.4.1 Brazil
7.1.4.2 Mexico

8 Infusion Pump Market, By Product
8.1 Introduction
8.2 Devices
8.2.1 Volumetric Infusion Pumps
8.2.2 Syringe Infusion Pumps
8.2.3 Insulin Infusion Pumps
8.2.4 Ambulatory Infusion Pumps
8.2.4.1 Disposable Infusion Pumps
8.2.4.2 Chemotherapy Infusion Pumps
8.2.5 Enteral Infusion Pumps
8.2.6 PCA Infusion Pumps
8.2.7 Implantable Infusion Pumps
8.3 Infusion Pump Accessories/Consumables
8.3.1 Dedicated Accessories/Consumables
8.3.1.1 Volumetric Infusion Pump Accessories/Consumables
8.3.1.2 Enteral Infusion Pump Accessories/Consumables
8.3.1.3 Insulin Infusion Pump Accessories/Consumables
8.3.1.4 Syringe Infusion Pump Accessories/Consumables
8.3.1.5 Ambulatory Infusion Pump Accessories/Consumables
8.3.1.6 PCA Pump Accessories/Consumables
8.3.1.7 Implantable Infusion Pump Accessories/Consumables
8.3.2 Non-Dedicated Accessories/Consumables
8.3.2.1 Infusion Catheters
8.3.2.2 IV/Administration Sets
8.3.2.3 Needleless Connectors
8.3.2.4 Cannulas
8.3.2.5 Tubing and Extension Sets
8.3.2.6 Valves
8.3.2.7 Other Non-Dedicated Accessories/Consumables

9 Infusion Pump Market, By Application
9.1 Introduction
9.2 Chemotherapy/Oncology
9.3 Diabetes
9.4 Gastroenterology
9.5 Analgesia/Pain Management
9.6 Pediatrics/Neonatology
9.7 Hematology
9.8 Other Applications

10 Infusion Pump Market, By End User
10.1 Introduction
10.2 Hospitals
10.3 Home Care Settings
10.4 Ambulatory Care Settings
10.5 Academic & Research Institutes

11 Global Infusion Pump Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 RoE
11.4 APAC
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 RoAPAC
11.5 Latin America
11.6 Middle East & Africa

12 Competitive Landscape
12.1 Overview
12.2 Revenue Analysis (2016-2017)
12.3 Geographic Reach of the Top Market Players (2017)
12.4 Market Share Analysis
12.5 Competitive Situation and Trends
12.5.1 Collaborations and Agreements
12.5.2 Product Launches and Enhancements
12.5.3 Expansions
12.5.4 Acquisitions

13 Company Profiles
13.1 Becton, Dickinson and Company (BD)
13.2 B. Braun Melsungen
13.3 Baxter International
13.4 Fresenius Kabi
13.5 ICU Medical
13.6 Medtronic
13.7 Moog Inc. (Moog)
13.8 Smiths Medical (A Division of Smiths Group PLC)
13.9 Terumo Corporation
13.10 Roche Diagnostics (A Division of F. Hoffmann-LA Roche Ltd.)
13.11 Halyard Health
13.12 Mindray Medical International Limited
13.13 Micrel Medical Devices
13.14 Insulet Corporation

For more information about this report visit https://www.researchandmarkets.com/research/3h7fgs/global_15_9?w=5

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