Infusion Therapy Devices Market: To develop smart infusion pumps through 2020
Infusion pumps are devices which are used to administer fluids, nutrients or medication into a patient’s body in a controlled manner. There are many different types of infusion pumps and are used for a variety of purposes. The Infusion Therapy Devices Market is expected to have high growth scope during 2015-2020.
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Scope and Regional forecast of the Infusion Therapy Devices Market:
According to the IndustryARC marketing analysis report on the Infusion Therapy Devices Market, drug delivery market is currently dominated by oral administration followed by pulmonary and injectable or infusion based delivery. Both nasal and trans-dermal delivery methods are gaining traction.
The Infusion Therapy Devices Market is expected to grow at around 5.8% during 2015-2020. Global increase in elderly population as longevity rises and onset of various diseases in the 65+ age demographic will be a major market driver.
In the Infusion Therapy Devices Market, New smart pumps being launched to meet the safety guidelines of regulatory bodies due to significant number of deaths due to medication mismanagement will be a major opportunity for key players.
Segmentation and Key players of the Infusion Therapy Devices Market:
The Infusion Therapy Devices Market is segmented into various categories in the IndustryARC market research report by type, by infusion pumps, by accessories and consumables, by end use and by geography.
By type: infusion method (intravenous, arterial, subcutaneous and epidural), infusion type (continuous infusion. intermittent infusion, infusion-on-demand and total parenteral infusion) and operation type (syringe pump, elastomeric pump, peristaltic pump, multi-channel pump and smart pump)
By infusion pumps: large volume infusion pumps, syringe infusion pumps, patient-controlled analgesia infusion pumps, ambulatory infusion pumps, chemotherapy infusion pumps, disposable infusion pumps, enteral infusion pumps, insulin infusion pumps and implantable infusion pumps
By accessories and consumables: pump sets, I.V sets (primary IV sets, secondary IV sets and IV extension sets), docking stations, needleless connectors (split septum needleless connectors, mechanical valve needleless connectors), pump reservoirs/cartridges, wireless connectivity, barcode readers, infusion data management/analysis software and others
By end use: hospitals, clinics and home healthcare
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Infusion Therapy Devices Market as mentioned in the IndustryARC market analysis report are as follows:
- CareFusion Corporation
- Hospira Inc.
- B Braun Medical Inc.
- Baxter International
- Medtronics Ltd.
The Infusion Therapy Devices Market is a rapidly growing market with high demand of infusion therapy devices in the healthcare industry across the globe. This market is expected to witness high growth owing to the improving medical facilitates in many countries and rise in critical illnesses incidence during 2015-2020.
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