With an aging population and increased need for healthcare services, this device is a high-interest area for several manufacturers.
New York, NY (PRWEB) February 04, 2014
Kalorama Information announces the publication of its new report, “The Worldwide Market for Infusion Pumps.” The report is Kalorama Information's most current and complete research into infusion pump devices used for patient treatment and nutrition. With an aging population and increased need for healthcare services, this device is a high-interest area for several manufacturers. Kalorama's report details the important types of infusion pumps, projects revenues and discusses the key companies who manufacture and market them. The report is available at Kalorama Information’s website at: http://www.kaloramainformation.com/Worldwide-Infusion-Pumps-7961675/
For the purpose of this study, Kalorama has classified two general types of medical infusion pumps: traditional and specialty pumps.
Traditional Infusion Pumps
Traditional infusion pumps are used in a variety of applications and settings from basic fluids for hydration to pain medications and antibiotics. Traditional pumps have been used in hospitals, long-term care settings, physician’s offices, and home settings. This can be further broken out to uses specifically in the ED, OR, and neonate departments.
Products in the traditional segment include three product types:
- Large Volume Infusion Pumps
- Ambulatory infusion pumps (Chemotherapy Pumps, Disposable Pumps)
- Syringe Infusion Pumps
Specialty Infusion Pumps
Specialty medical infusion pumps are typically designed to accommodate a particular type of fluid or medication. Many of these pumps are used in home settings and are designed to meet the needs of active patients, such as with diabetes patients.
Products in the specialty medical infusion pump segment include:
- Enteral feeding pumps
- Insulin infusion pumps
- Implantable infusion pumps
Revenues for each product segment were gathered through both primary and secondary research methods.
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.
There are several issues and trends impacting the future of the infusion pump market. Aging populations, increasing incidence of diseases – particularly diabetes, and increasing life expectancy will continue to fuel growth in the future. Issues and trends explored in this study include:
- World demographics
- Increasing life expectancy worldwide
- Growing incidence of disease
- Steady surgical procedure volumes
- Infusion pump recalls
- Reducing medication errors with new infusion pumps
- Smart pump technology
- Home infusion trends
- Connectivity solutions and wireless networks
- EMRs and infusion pump solutions
- Infusion pump rentals and leasing
- Infusion pumps and 'High-Alert' medications
- Reducing hospital inpatient length of stay and increases in home health care
- Medical device growth in emerging markets
The information for this report was gathered using both primary and secondary research including comprehensive research of secondary sources such as company literature, databases, investment reports, and medical and business journals. Telephone interviews and email correspondence were the primary method of gathering information. For the purpose of this study, Kalorama Information conducted interviews with more than 40 key industry officials, consultants, health care providers, and government personnel. These interviews included contact with company executives from leading medical device manufacturers and medical device distributors. These sources were the primary basis in gathering information specifically relating to revenue and market share data presented in this report. Additional interviews were completed with relevant company representatives including marketing directors, division managers, and product representatives to verify early findings and confirm sales and market share data.
All market data pertains to the world market at the manufacturers’ level. The base year for data is 2013. Historical data was provided for the years 2008 through 2013, with forecast data provided for 2014 through 2018. Compound annual growth rates (CAGRs) are provided for the 2008-2013 and 2013-2018 periods for each region and/or segment covered. Competitive analysis is provided for the year 2013. The forecasted market analysis for 2014-2018 was largely based on demographic trends, new developments, safety and regulatory impacts, and global expansion.
More than 100 companies participate in the infusion pump market. However, a number of companies specialize in infusion pump markets and compete with intense marketing efforts and product offerings.
Several leading competitors and niche product developers are listed in the Manufacturer Profiles. The profiled companies include:
- Animas/Johnson & Johnson
- B. Braun
- Fresenius Kabi
- Smiths Group
More information can be obtained on Kalorama Information’s website at: http://www.kaloramainformation.com/Worldwide-Infusion-Pumps-7961675/
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog.