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Infusion pumps and accessories have evolved from regular pumps to modern, automated, integrated, and flexible pumps to meet patient compliance requirements and also provide cost-effective treatment. The safety and quality of infusion pumps and accessories have also gained greater importance in the healthcare market over the years.
In this report, the global infusion pump and accessories market is broadly segmented by product, application, and end user. The market, depending on the type of product, is further segmented into devices (pumps) and accessories/disposables. The accessories/disposables are further subdivided into dedicated disposables and non-dedicated disposables. On the basis of the application area, the market is categorized into diabetes, chemotherapy/oncology, gastroenterology, hematology, analgesia/pain management, pediatrics/neonatology, and others. Based on end users, the market is divided into hospitals, home care, and others.
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Over the past few years, the infusion pumps and accessories market has witnessed a stable growth rate. By 2018, the market is expected to grow at a CAGR of 5.7% from 2013 to 2018 to reach $9,427 million. The overall growth in the infusion pumps and accessories market is largely driven by the increasing demand of these products in the home care segment, newer products providing ease of handling and better efficacy, and increasing rate of chronic diseases.
Currently, owing to the growing concerns over healthcare costs across the globe, many infusion pump manufacturers are under pressure to maintain and improve their existing profit margins. The manufacturers are focusing on investments in high-growth markets such as India, China, and Brazil. Furthermore, many major companies are also establishing their subsidiaries in these regions to establish a strong foothold in these countries. Driven by such a transition, the APAC, Middle East and Africa, and Latin American regions are expected to spearhead the overall infusion pumps and accessories market growth.
Currently, the global infusion pumps and accessories market is in a transition phase, wherein home care use of infusion pumps is increasing. The shift in demand from hospitals to home care settings is witnessed for insulin pumps, patient-controlled analgesia pumps, and ambulatory pumps due to the increased acceptance by patients and focus for the reduction of overall treatment costs associated with longer hospital stays.
With the increasing market competition, a majority of the top players are struggling to maintain their leading positions in the infusion pumps and accessories market. To maintain their market shares, several players in this market aim to either integrate their product portfolios or expand their geographic presence. From 2011 to 2013, majority of the leading players acquired small companies and launched various automatic and integrated products. The leading market players focusing on these strategies are B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), CareFusion Corporation (U.S.), Fresenius SE & Co. KGaA (Germany), Smiths Medical (U.S.), and Terumo Corporation (Japan).
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms garner greater market shares. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for increasing their market shares.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios offered by the top players in the infusion pumps and accessories market. The report analyzes the infusion pumps and accessories market by product type, application area, and by end user, across all geographies.
Product Development/Innovation: Detailed insights on the upcoming trends, research and development activities, and new product launches in the infusion pumps and accessories market.
Market Development: Comprehensive information about the lucrative emerging markets by product, functionality, and geography.
Market Diversification: Exhaustive information about new products, growing geographies, recent developments, and investments in the infusion pumps and accessories market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analyses of the leading players in the infusion pumps and accessories market.
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