Infusion Pumps and Accessories Market Expected to Reach $9,512 Million : New Technology, Application, with top key players Baxter International Inc., B. Braun Melsungen AG, Fresenius SE & Co., Smiths Medical, Johnson & Johnson, Becton, Dickinson and Compa

According to a new report published by Allied Market Research, titled, Infusion Pumps & Accessories Market, by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global infusion pumps & accessories market was valued at $6,478 million in 2016, and is estimated to reach $9,512 million at a CAGR of 5.6% from 2017 to 2023.

Infusion pumps are medical devices employed to deliver medications and fluids into patients body in controlled dosages. They are designed according to the usage; for example, for stationary use, the device is placed at patient bedside, and for ambulatory use, they can be wearable or portable. Infused fluids are various medications that are administered on the basis of patient conditions such as nutrients for eternal feeding, insulin, hormones, antibiotics, and others. Moreover, these pumps are widely used in healthcare settings such as patient, outpatient, private clinics, and at-home settings.

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Key findings of the Infusion Pumps and Accessories Market:

• Accessories & disposables segment accounted for around three-fourths share of the global infusion pumps and accessories market in 2016.

• Ambulatory surgical centers segment is expected to grow at a CAGR of 6.1% from 2017 to 2023.

• Diabetes segment accounted for nearly one-fifth share of the global infusion pumps & accessories market in 2016.

• North America accounted for around three-fifths share of the global infusion pumps & accessories market in 2016.

• LAMEA is expected to grow at the highest CAGR of 6.3% from 2017 to 2023

The accessories & disposables segment occupied the largest share in 2016, and is anticipated to continue its dominance during the forecast period, owing to high usage, applicability, and availability of disposables for infusion therapies. However, the devices & pumps segment is expected to grow at the highest CAGR from 2017 to 2023.
Gastroenterology segment occupied the largest share in 2016, and is anticipated to continue its dominance during the forecast period. However, the chemotherapy segment is expected to grow at the highest CAGR from 2017 to 2023. The utilization rate of infusion pumps for hospitals is high; however, home care segment is expected to grow at a high rate during the forecast period. This is attributed to the development of technologically advanced home-based infusion pumps.

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North America was the leading revenue contributor to the global infusion pumps & accessories market in 2016, accounting for more than half of the share. This is attributed to the early approval of infusion pumps and high use of these devices due to rise in incidence of chronic diseases. However, Asia-Pacific is expected to grow at the highest CAGR of 6.9% during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness towards infusion pumps.

Key players:

• Baxter International Inc.
• B. Braun Melsungen AG
• Fresenius SE & Co.
• Smiths Medical
• Johnson & Johnson
• Becton
• Dickinson and Company
• ICU Medical Inc.
• CME Medical UK Limited
• Moog Inc.
• Terumo Corporation.

Analyst Review :

The adoption of infusion pumps is expected to increase due to rise in prevalence of chronic diseases such as cardiovascular disorders, cancer, gastrointestinal disorders, and diabetes. These devices provide proper delivery of medications and fluids such as nutrients, antibiotics, directly into the patient’s body in a controlled manner.

Upsurge in cases of chronic diseases and increase in prevalence of diabetes make it imperative to use infusion pumps for the treatment of that particular disorder. Moreover, high demand of home-based healthcare, numerous application of infusion pumps, rise in geriatric population, and surge in affordability in the developing economies are projected to supplement the market growth. However, stringent government regulations for the approval of devices and several products recalls due to errors while delivering the fluids are expected to impede the market growth.

The use of infusion pumps and their associated accessories is highest in North America, owing to increased adoption of pumps and heavy expenditure by the government on healthcare, followed by Europe and Asia-Pacific. In addition, infusion pumps providers and distributors have focused on expanding their presence in the emerging economies, which is anticipated to drive the market growth.

LIST OF TABLES

TABLE 01. MEDICAL DEVICE CLASSIFICATION IN THE U.S.
TABLE 02. TYPES OF PMA SUPPLEMENTS
TABLE 03. GLOBAL INFUSION PUMPS AND ACCESSORIES MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 04. INFUSION DEVICES & PUMPS MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 05. INFUSION DEVICES & PUMPS MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 06. ACCESSORIES & DISPOSABLES MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 07. ACCESSORIES & DISPOSABLES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 08. GLOBAL INFUSION PUMPS AND ACCESSORIES MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 09. INFUSION PUMPS AND ACCESSORIES MARKET FOR DIABETES, BY REGION, 2016-2023 ($MILLION)
TABLE 10. INFUSION PUMPS AND ACCESSORIES MARKET FOR GASTROENTEROLOGY, BY REGION, 2016-2023 ($MILLION)
TABLE 11. INFUSION PUMPS AND ACCESSORIES MARKET FOR ANALGESIA & PAIN MANAGEMENT, BY REGION, 2016-2023 ($MILLION)

LIST OF FIGURES

FIGURE 01. INFUSION PUMPS AND ACCESSORIES MARKET SEGMENTATION
FIGURE 02. TOP INVESTMENT POCKETS IN THE GLOBAL INFUSION PUMPS AND ACCESSORIES MARKET
FIGURE 03. TOP WINNING STRATEGIES, BY YEAR, 2015-2017*
FIGURE 04. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015-2017* (%)
FIGURE 05. TOP WINNING STRATEGIES, BY COMPANY, 2015-2017*
FIGURE 06. TOP PLAYER POSITIONING, 2016
FIGURE 07. UNDIAGNOSED PATIENT POPULATION OF DIABETES, 2015 (MILLION)
FIGURE 08. WORLD POPULATION AGED 65 AND OVER: 2015, 2030, AND 2050 (IN MILLION)
FIGURE 09. IMPACT ANALYSIS: GLOBAL INFUSION PUMPS AND ACCESSORIES MARKET
FIGURE 10. PATENTS REGISTERED/APPROVED IN THE WORLD, 2015-2018

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