The global infusion pump market is anticipated to grow steadily during 2016-2022. The major factors influencing the demand for infusion pumps include growth in chronic pain, diabetes, gastrointestinal disorders, and other debilitating chronic diseases and conditions. Auxiliary drivers of this market include the phenomenal rise in the geriatric population pool and gradual technological developments in infusion pumps.
This report studies the global infusion pump market in four segmentation types: by products, applications, end-users, and geography. Based on product types, the infusion pump market is studied for volumetric pumps, syringe pumps, ambulatory, enteral, insulin, implantable, patient-controlled pumps, and infusion pump disposables. Infusion pumps majorly find application in chemotherapy, pediatrics, pain management, gastroenterology, hematology, and diabetes management. In terms of end-users, hospitals, ambulatory care, home care, and physician office and clinics are the major usage areas for infusion pumps.
Based on geography, the global infusion pumps market market is segmented into per following regions and countries.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
Each of the segments thus mentioned is studied in market revenue (in USD Mn) for 2014-2022, with their respective compounded annual growth rates (CAGR %) for 2016-2022. The market size forecast for these segments is provided while considering 2015 as the base year.
Apart from the quantitative information, this report also includes qualitative market information concerning market dynamics: drivers, challenges, and prospects. This report also includes competitive tools such as attractive investment propositions and fractal map analysis by key players. This study concludes with a company profile section highlighting key information about the major companies engaged in manufacturing and selling infusion pumps in the international markets.
Product Type Segmentation Investigation
Volumetric pumps, syringe pumps, ambulatory pumps, enteral pumps, insulin pumps, implantable pumps, patient-controlled pumps, and infusion pump disposables are the product types that cumulatively make the global infusion pump market.
Among the mentioned product types, ambulatory pumps are the largest segment in the forecast period and will also experience above the global average growth. The progress of the ambulatory infusion pump market is majorly influenced by the rising preference for portable drug infusion products and wireless support. In addition, insulin pumps will be the most rapid cash generators in the overall market, supported by the perpetual growth in diabetes prevalence. On the downside, owing to adverse reporting regarding product malfunction and the associated caution, the market for implantable infusion pumps segment is estimated to decline during the forecast period.
Applications Segmentation Investigation
Infusion pumps represent a class of drug delivery that finds usage in several application areas. Reliability, patient compliance, advanced design, portability, and efficiency in precise drug dosage are the prime factors attributing to the popularity of infusion pumps. Infusion pumps, due to their wide range of offered benefits, have found application in various treatment areas such as oncology, pediatrics, pain management, gastroenterology, hematology, and diabetes management.
Of the various application areas, the highest revenue generation is observed and is further anticipated from pain management, chemotherapy, and gastroenterology segments. The staggering rise in chronic pain, diabetes, cancer, and enteric diseases is expected to support the demand for infusion pumps during the forecast period. Ergonomic design, precise dosage delivery, and portability are some of the chief factors contributing to the preference for infusion pump-based drug delivery in pediatrics. Further development in reimbursement policies relating to infusion-based drug delivery and better adherence and compliance to regulatory guidelines are expected to be the major prospects that would add to the market prospects.
End-Users Segmentation Investigation
In terms of end-users, the global infusion pumps market is studied for four major segments, namely, hospitals, ambulatory care, home care, and physician office and clinics.
The hospital segment captured the largest market share among all end-users in the overall market in 2015, and it is anticipated that the dominance of this segment will continue during the forecast period. Higher reimbursement in hospital care plays a key role in fuelling the demand for infusion pumps from hospitals. However, further development in reimbursement policies for home use and the benefit of adherence is expected to spur the demand for home infusion pumps during the forecast period.Development of high-end designs, better treatment adherence, efficient compliance, and other factors are expected to exhibit the prospects of this market.
North America, Europe, Asia Pacific, Middle East, Africa, and Latin America make for the global infusion pumps market.
Among the considered regions, North America holds the largest market share of over 40% in the global infusion pumps market. High incidence of chronic diseases, better awareness, and evolved reimbursement systems are the key growth facilitators to the infusion pump market in North America. On the other hand, Asia Pacific is estimated to be the fastest-growing regional market for infusion pumps. Wide presence awareness and adoption of infusion pumps in Australia and Japan have supported the foothold of infusion pumps in the rapidly developing Asia Pacific market. In addition, the swift evolution of medical tourism in the Asia Pacific will further open growth avenues in Asia Pacific infusion pumps market.