(PRWEB UK) 16 November 2012
ReportBuyer.com the leading website for market research reports has added a new report which predicts that the worldwide market for infusion/medical pumps will show continued growth this year increasing to $6.7 billion in 2012. Aging world populations, expanding global markets, and new product innovations have driven an average annual growth rate of 3.6% since 2007, according to the report, The World Market for Infusion Pumps (Large Volume Pumps, Ambulatory Pumps, Insulin Pumps, Enteral Feeding Pumps, Others).
Infusion pumps are used to infuse necessary fluids, which include medications and/or nutrients, to a patient’s circulatory system. They are often used in situations where continuous monitoring and treatment by a nurse or other health staff would be expensive, impractical, or unreliable. They are used for everything from very simple requirements such as rehydration to more complex requirements such as those needed for chemotherapy and pain management. Accuracy and consistency when delivering medications and other fluids are essential due to the possibility of severe consequences.
The 185 page report notes that 100 companies participate in the infusion pump market. These include well-known companies such as Abbott, Medtronic, Fresenius, CareFusion, Johnson & Johnson (Animas) and Baxter. However, a number of companies specialize in certain areas. Among these companies are Insulet whose OmniPod delivers insulin without tubing, MRI safe pumps from IRadimed, enteral feeding pumps from Moog and I-Flow home care pumps.
The report also includes incidence of world demographics; life expectancy by country; incidence and prevalence of disease; safety issues and infusion pumps; and other general issues affecting the market. Information is presented as a worldwide overview, with special emphasis on the U.S. and European markets. A market summary includes market analysis by product type and region and a competitive analysis of leading providers. Additionally key company profiles are included.
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