ICU Medical, Nexus Medical Bolster $1.8 Billion U.S. Infusion Therapy Market with Anti-Reflux Technology
Vancouver, BC (PRWEB) January 14, 2015 -- According to a new report by iData Research, in light of recent infusion pump product recalls, there has been a shift towards neutral displacement needleless connectors. This shift has been driven by companies like Nexus Medical and ICU Medical, with neutral displacement devices that incorporate anti-reflux technology.
“The infusion therapy device market has been disrupted by product recalls affecting a significant proportion of installed base units,” explains Dr. Kamran Zamanian, CEO of iData. “However, newer pump systems that incorporate additional features, such as wireless capabilities and anti-reflux technology, will enhance patient safety and drive growth.”
Other key findings from the 2015 edition of the iData Research report entitled U.S. Market for Infusion Therapy Devices:
• Product Recalls: These product issues surrounding the recall have not only raised concerns about available infusion pumps, but have also put pressure on the device supply chain; infusion therapies are a significant element of medical treatment in the U.S. and at times must be replaced in high unit volumes when a recall is issued.
• Syringe Pump Market Growth: While other markets are facing competition from alternative treatments, the syringe pump market has a niche application in the neonatal intensive care unit and OR settings. Market growth is expected to continue through 2021 as analysed in this report.
• IV Fluid Shortage: Shortages of hydration fluids have required companies to import additional supplies from their manufacturing facilities abroad. This has led to a slight shift towards the use of extension IV sets at the expense of primary IV sets, further moderating market growth.
ICU Medical was the leading competitor in the U.S. needleless connector market in 2014. They are one of the few companies in this market that uses anti-reflux technology. Long-term growth will be driven by the switch to devices that incorporate anti-reflux technology. Increasing use of neutral displacement connectors is leading to an appreciation in overall market ASP.
For Further Information
This in-depth market analysis is from a new 2015 edition report published by iData entitled “U.S. Market for Infusion Therapy Devices”, which covers the U.S. infusion therapy market as a whole, as well as market sub-segments for the following:
• Large Volume Infusion Pumps
• Syringe Infusion Pumps
• Patient-Controlled Analgesia Infusion Pumps
• Electronic Ambulatory Infusion Pumps
• Disposable Ambulatory Infusion Pumps
• Disposable Ambulatory Infusion Non-Pain Pump
• Surgical Post-Operative Disposable Ambulatory Infusion Pain Pump
• Peripheral Nerve Block Disposable Ambulatory Infusion Pain Pump
• Dedicated Pump Primary IV Set
• Non-Dedicated Primary IV Set
• Secondary IV Set
• IV Extension Set
• Split Septum and Blunt Cannula
• Mechanical Valve Needleless Connector
• Negative Displacement Mechanical Valve Needleless Connector
• Positive Displacement Mechanical Valve Needleless Connector
• Neutral Displacement Mechanical Valve Needleless Connector
• Anti-Reflux Neutral Displacement Mechanical Valve Needleless Connector
The global series on the infusion therapy device market covers 19 countries, including the U.S., Japan, South Korea, Australia, and 15 countries in Europe.
The full reports provide a comprehensive analysis including units sold, procedure numbers, market values, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment.
Register online or email us at info(at)idataresearch(dot)net for a U.S. Market for Infusion Therapy Devices report brochure and synopsis.
About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Diabetes Drugs, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology and more.
Caroline Lau, iData Research, http://www.idataresearch.com, +1 604-266-6933 Ext: 215, [email protected]
Share this article