Rising Prevalence of Diseases Results in Growth of Global Infusion Pumps Market

With the alarming increase in the number of people diagnosed with diabetes, cancer, and other chronic ailments worldwide, the global infusion pumps market is likely to post a CAGR of 5.3% between 2013 and 2019. At this pace, the market is projected to reach US$7.76 bn by the end of 2019 from a valuation of US$5.41 bn in 2012.

The increasing incidence of chronic ailments has created the demand for medical devices that can effectively administer drugs in precise dosage. The global infusion pumps market has immensely benefited from this trend and is likely to continue gaining from the same through the course of the forecast period. Furthermore, the increasing automation and the advent of smart technologies in drug delivery systems, will enable the infusion pumps market witness an uptick in the demand.

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The report provides an in-depth analysis of the global infusion pumps market, covering product definitions, manufacturing cost structure, segmentation based on various, and degree of competition prevailing in the market. Besides this, it presents insights into the growth drivers and restraints influencing the market's trajectory over the forecast period. Information compiled in the report is sourced via proven research methodologies and is aimed at providing clearer picture of the market to its stakeholders.

Asia Pacific to Exhibit Strong Growth on Account of High Healthcare Spending

North America, Asia Pacific, Europe, and Rest of the World constitute the key regional segments in the global infusion pumps market. In 2012, North America emerged dominant and is expected to report a CAGR of 4.9% between 2013 and 2019, which demonstrates a comparatively slower pace than the CAGR exhibited by the overall market. Over the course of the forecast period, however, Asia Pacific will emerge as a strong region, showcasing lucrative opportunities for enterprises aiming to expand their geographic footprint.

The market in Asia Pacific is expected to show a higher CAGR than other regional markets due to factors such as large patient base, the increasing incidence of cancer and diabetes, and rising willingness to spend on advanced healthcare. Lured by the growth of emerging economies and the rising healthcare spending therein, leading companies are looking to capitalize on the opportunities existent therein. This could provide a fresh boost to the infusion pumps market in Asia Pacific.

Vast Application of Large Volume Infusion Pumps Constitute Dominant Product Segment

Based on product, the large volume infusion pumps segment emerged dominant, contributing nearly 36.9% of the overall market revenue, trailed by the disposable infusion pumps segment. Furthermore, the dominance of the former is expected to continue through the forecast period, due to the benefits the large infusion pumps offer. These include diverse applications, wider infusion time range, and higher accuracy. Furthermore, the segment is also gaining from the advent of dosage calculation software and the recent trend of wireless integration of infusion data to maintain electronic medical records.

By application, clinical nutrition segment prove the most lucrative in the market in 2012. The rising hospitalization due to malnutrition and starvation in impoverished countries of Africa and Asia Pacific are the chief drivers of the segment. Chemotherapy and analgesia make the next prominent segments in the global infusion pumps market.

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