Infusion Pumps & Accessories Sector to Post Mid-Single Digit CAGR to 2022, Forecasts IQ4I in Its Report Published at MarketPublishers.com
12 Oct 2016 • by Natalie Aster
LONDON – The world market for infusion pumps & accessories is expected to register a mid-single digit CAGR up to 2022. Growth in ageing population and a further hike in the incidence rates of chronic diseases, technology related advances providing a vaster range of applications for infusion pumps, and also an increased product use in home health care settings are the main drivers of the market. Increasing tendency towards wireless infusion pumps, the advent of smart pumps and market expansion opportunities in emerging economies are amid the main potential opportunities.
Meantime, the growth of the sector will likely be hindered by risks to patient safety, medication errors with respect to infusion pumps, dearth of cybersecurity in wireless infusion pumps. The threats for the market comprise rising number of recalls of infusion pump products owing to FDA mandates and rigid regulatory authorities guiding the manufacturers of infusion pumps.
Amid the application areas, the anaesthesia, critical care & pain management segment captures the dominant share of the market; meantime, the endocrinology segment is set to post the fastest growth. Based on products, disposables grab the lion’s market share with a 6.2% CAGR. Amid end-use sectors, hospitals will be the largest market, with homecare being the most rapidly growing segment through to 2022.
The market is very competitive market, inhabited with a slew of key players of the market, such as Terumo Corporation, Johnson & Johnson, Medtronic plc, Pfizer, Inc., Smiths Medical, Fresenius Kabi, Roche Diagnostics, Becton Dickinson & Company,Moog Inc., and B. Braun Melsungen AG.
New research report “Infusion Pumps & Accessories Global Market - Forecast to 2022” elaborated by IQ4I Research and Consultancy Pvt. Ltd. gives an up-close look at the market on a global level. It categorises the market based on products, applications, mode of administration (MoA), end-use sector, and geographic region.
The study casts light on the major market drivers and restraints, opportunities and threats, regulatory issues, technological innovations and continuous clinical trails; as well as provides a patient analysis, an analysis of the supply chain, Porter’s five force analysis, and a market share analysis. Furthermore, the report discusses various company developments, key growth strategy of market players, and includes granular company profiles.
More new market reports prepared by IQ4I are available at its page.