NEW YORK, Feb. 4, 2016 /PRNewswire/ -- The new report "Global Infusion Pumps & Accessories Market Assessment & Forecast: 2015-2019" by Spearhead Acuity Business Research & Consulting Group reveals that hospitals accounted for the largest share of 49.2% in 2014. Revisions in regulations aiming to make home infusion a reimbursement covered infusion site will help homecare infusion market grow the quickest through the forecast period with a CAGR of 5.6% from 2015 to 2019. The Medicare Home Infusion Site of Care Act 2015 is expected to amend the Social Security Act in order to allow homes to be a covered infusion site.
The scope of the research encompasses volumetric pumps or large volume pumps and syringe pumps that are the most commonly used devices in hospitals. The analysis also includes patient controlled analgesia pumps that are used for delivering powerful opioids and pain medication in a controlled quantity. Other devices included in the analysis are wearable insulin pumps, patch pumps, disposable infusion pumps and implantable infusion pumps. Clinics and Infusion centres or infusion pharmacies are the fastest growing services available for patients throughout North America and Western Europe. Driven by increased emphasis on cost-effectiveness and cost-containment along with the desire of patients to have professional medical care in or near their residence, the market for infusion pumps from nursing centers, infusion centers and pharmacies, geriatric care centers will continue to grow in coming years.
The report provides analysis for six regions of North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. Regional analysis is based on socio-economic, macro and micro environmental factors that determine dynamics of each region. North America is the most mature market for infusion pumps with the steadiest growth expected in coming years. The research also reports estimations of revenues and forecast for infusion devices by geography (North America, Europe, Asia-Pacific, Latin-America, Middle-East and Africa). Although North America continued to lead the market with a share of 38.0% in 2014, Asia-Pacific and Middle-East are expected to grow the quickest in coming years. Lack of wireless connectivity, internet and telecommunication infrastructure in emerging economies will remain a challenge that restrains the market in emerging economies. The recent shock of insulin pumps capable of being hacked wirelessly has ensured that smart pumps will not be easily adopted in hospitals at least for a few years. North America and Europe led a combined share of 65.6% in 2014 and will continue to account for a sizable portion by the end of the forecast period.
The market is fragmented in terms of key players which indicated a highly mature scenario particularly in developed countries such as United States and countries in Europe. CareFusion, Medtronic Inc, B Braun Melsungen AG, Hospira (Pfizer), Smiths Medical, Fresenius Kabi, Johnson & Johnson, Terumo Corporation, KD Scientific and Caesarea Medical Electronics were highlighted to be major players in this market with CareFusion leading the way.
Read the full report: http://www.reportlinker.com/p03605172-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001