Infusion Pumps Market (Large Volume, Disposable, Syringe, Ambulatory, Implantable) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Albany, New York (PRWEB) September 06, 2014
Infusion pumps are widely used in the medical sector to aid the delivery of various therapeutic fluids or drugs to a patient. These pumps are used for delivering fluids such as saline, plasma, and dextrose into the patient’s body. In addition to delivering drugs, these pumps also play the vital role of controlling the amount of drugs delivered.
There are several different ways in which a drug might be delivered to patients—and there is an infusion pump to aid each of these delivery methods. Drugs and fluids might be administered in the following ways: enteral, arterial, intravenous, peritoneal, intrathecal, epidural, and subcutaneous.
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- Applications and Segmentation of the Infusion Pumps Market
Globally, the market for global infusion pumps has been witnessing a high degree of growth over the past few years. Much of this growth is a result of the growing number of patients that suffer from problems such as diabetes, chronic pain, as well as cancer. Delivering the right type of drug in precisely controlled quantities is integral to treating these diseases and conditions, and this is where infusion pumps play an almost indispensible role.
Based on the type of products the infusion pumps market can be classified as follows: disposable, ambulatory, syringe, large volume, and implantable. Each of these infusion pump types serves a specific purpose, and is recommended for use in a particular manner.
Besides the product type, this market can also be divided based on the applications that such pumps are employed for. These applications include but are not limited to: chemotherapy, analgesia, clinical nutrition, diabetes, and others.
Over and above the application and product type, the market for global infusion pumps can be segmented based on the pumping channel used therein. Such pumps can either be single channel or multiple channel.
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- Efforts to Improve the Functionalities of Infusion Pumps
Given the specialized nature of operation of an infusion pump, it is generally operated by personnel that are trained in using these devices. It is important to program the fluid delivery rate carefully, and in advanced systems, it is done via software interface. Conventionally, manual fluid or drug administration was the norm. But this has changed rapidly thanks to the technological advancement in the medical sector. The problem with manual administration of drugs was the possibility of human error or misjudgment of the amount/method of delivering the drugs. With automation, an infusion pump operator can simply program the delivery intervals and volumes.
However, there are certain aspects that need to be improved as far as the use of infusion pumps is concerned. It is to address these concerns that the Food and Drug Administration has launched an initiative for the improvement of infusion pumps. For instance, problems such as software error, complex interfaces, and failures in the electrical or mechanical systems of such pumps could pose a potential risk to the health of the patient. It is important to address these issues early on to improve the overall quality and functionalities of these pumps, looking forward.
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- Future Growth Areas
Over the last few years however, the market for infusion pumps has been growing at a moderate rate. The prevalence of various regulatory concerns has slowed down the growth of this market to some extent. There are a number of mandates and regulations that govern the design and development of new pumps; and another set of tests decides whether such pumps are fit for use.
In the future, manufacturers will mainly be looking for ways to improve their profitability through infusion pumps. This could happen via countries such as China, India, and Brazil that present ample growth opportunities. Since the profit margin per product in the infusion pumps market is relatively low, manufacturers need to find ways to achieve high-volume product sales.
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