NEW YORK, June 20, 2016 /PRNewswire/ -- The global market for infusion medical pumps was worth almost $7 billion in 2015, growing at an average rate of 2.6% from $6.1 billion in 2010, according to Kalorama Information. Infusion pumps are used to provide necessary fluids, which may include medications and/or nutrients, to a patient's circulatory system. They are often used in situations where continuous monitoring and treatment by a nurse or other health staff would be expensive, impractical, or unreliable. The healthcare market researcher's report, The World Market for Infusion Pumps, covers the market opportunity for the six primary market segments of medical infusion pumps.
The World Market for Infusion Pumps (Large Volume Pumps, Ambulatory Pumps, Insulin Pumps, Enteral Feeding Pumps, Others) can be found at Kalorama Information: http://www.kaloramainformation.com/Infusion-Pumps-Large-10100502/.
Most infusion pumps are used in a variety of applications and settings from fulfilling simple requirements such as delivering basic fluids for hydration to more complex ones such as infusing pain medications, antibiotics, or chemotherapy. Accuracy and consistency of delivery of medications and other fluids are essential due to the possibility of severe consequences. Most commonly, pumps are used in hospitals, long-term care settings, physician's offices, and home settings. This can be further broken out to uses specific to the emergency departments, operating rooms, and neonate departments of hospitals.
"Some areas of the market continue to display strong growth, including insulin infusion pumps and ambulatory enteral feeding pumps," said Bruce Carlson, Publisher of Kalorama Information. "Each segments of the infusion pumps market has shown an increase, each segment experiencing a range of market drivers."
The six categories of medical infusion pumps are large volume infusion pumps, ambulatory infusion pumps, syringe infusion pumps, insulin infusion pumps, implantable infusion pumps, and enteral feeding pumps. Large volume infusion pumps are often used for delivery of nutrients and hydration products to patients, typically mounted to a stand. Ambulatory infusion pumps have become a common and essential part of the hospital, surgical, home and emergency medical facilities component of care. Syringe pumps are typically for the delivery of precise amounts of fluid and drugs to patients. Insulin infusion pumps allow diabetes patients the freedom of disease management. Implantable infusion pumps are typically labeled for specific drugs, dosages, and routes of administration. Enteral nutrition provide a form of nutrition that is delivered into the digestive system as a liquid. Each type of pump has its own market opportunity and competitive situation.
A particular driver of the infusion pump market has been the growth of "smart" pump technologies and other advanced features. A smart pump is an infusion pump equipped with intravenous (IV) medication error-prevention software that alerts operators when a pump setting is programmed outside of pre-configured limits. The growth in this technology, wireless capabilities, and advanced connectivity and integration is driving end users to evaluate device inventory and slowly integrate advanced devices.
The World Market for Infusion Pumps explores the issues and trends impacting the future of the infusion pump market, including world demographics, increasing life expectancy worldwide, the growing incidence of disease, steady surgical procedure volumes, the reduction of medication errors with new infusion pumps, smart pump technology, home infusion trends, connectivity solutions and wireless networks, EMRs and infusion pump solutions, infusion pump rentals and leasing, infusion pumps and "high-alert" medications, the reduction of hospital inpatient length of stay and increases in home health care, and medical device growth in emerging markets.
More than 100 companies participate in the infusion pump market. However, a number of companies specialize in infusion pump market segments and compete with intense marketing efforts and product offerings. Several leading competitors and niche product developers are listed in the report's manufacturer profiles, including Baxter, B. Braun, Halyard Health, Johnson & Johnson, Medtronic, and Roche.
The World Market for Infusion Pumps gathers revenues for each product segment through both primary and secondary research methods, providing global infusion pump market analysis from 2010 through 2020. Information is presented as a global overview, with special emphasis on the U.S. and European markets. A market summary includes market analysis by product type and region and a competitive analysis of leading providers.
The World Market for Infusion Pumps (Large Volume Pumps, Ambulatory Pumps, Insulin Pumps, Enteral Feeding Pumps, Others) can be found at Kalorama Information: http://www.kaloramainformation.com/Infusion-Pumps-Large-10100502/.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.
We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com.
Contact:
Bruce Carlson
(212) 807-2622
[email protected]
www.KaloramaInformation.com
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SOURCE Kalorama Information
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