Global Advanced infusion systems market projected to grow with significant CAGR over the forecast period
Global Advanced infusion systems market:
Infusion systems are generally used to deliver medications or fluids in solution form to patient’s blood circulatory system in systemic, controlled, and precise manner. The various routes to administer the drug into patient’s circulatory system include intravenous, subcutaneous, epidural, and arterial infusions. Infusion systems are used for medical purpose but, owing to increase in mortality rates with infusion systems, companies are focusing on the advanced infusion systems. Advanced infused systems are widely used because of their dependable, ergonomic design and easy-to-use features.
Advanced infusion systems have found extensive acceptance and usage across various areas of disease management. Advanced infusion systems have a wide range of application areas including diabetes, oncology, enteral feeding, pain management, and general infusion. The advantage of advanced infusion systems is helping doctors to program and calculate dose delivery rates in a more efficient manner, enabling them to provide better patient care.
The increased incidences of chronic diseases such as cancer, diabetes etc., and technological developments in advanced infusion systems which reduce the risks, increase in safety, bioavailability, and therapeutic effectiveness of drugs, and an increasing healthcare expenditure are the factors expected to boost the global advanced infusion systems market. Similarly, increasing use of advanced infusion products in home care owing to favorable reimbursements, visual monitoring, the mobility of the system, continues infusion for multiple medications at the same time, and patient safety are few factors fuel the advanced infusion systems market. On the contrary, lack of awareness in using advanced infusion systems expected to hamper the growth of global advanced infusion systems market. Apart from this, product recalls, possible medication errors associated with an infusion pump, and strict regulations for product approval are also some key factors might hamper the growth of global advanced infusion systems market.
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The advanced infusion systems market is divided into-
1. Product type
• Elastomeric Infusion Systems
• Volumetric Infusion Systems
o Large Volume
o Small Volume
• Disposable Infusion Systems
• Patient Controlled Analgesia Pumps
• Syringe Infusion Systems
• Ambulatory Infusion Systems
• Implantable Infusion Systems
2. Pumping channel
• Single Channel Infusion Pumps
• Multiple Channel Infusion Pumps
3. Applications
• Diabetes
• Asthma
• Chemotherapy
• Pain Management
• Clinical Nutrition
• Others
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4. End-users
Hospitals, clinics, home care, ambulatory surgical centers and others
And lastly, geographically, global advanced infusion systems market is divided into following regions- North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America. North America commands significant share in the global advanced infusion systems market. The largest share of North-America in global advanced infusion systems market is due to high adoption of ambulatory pumps in the management of chronic diseases, high prevalence chronic diseases like cancer and well-established healthcare infrastructure in the region. Europe is the second largest region in the global advanced infusion systems market owing to increasing the prevalence of cancer disease and in Asia-Pacific region, particularly China and India, are expected to show growth opportunities for advanced infusion systems market. Some of the key players in global advanced infusion systems market are Hospira, Inc. (Pfizer Inc.) (U.S.), AngioDynamics (U.S.), Becton, Dickinson and Company (U.S.), Animas Corporation (Johnson & Johnson) (U.S.), B. Braun Melsungen AG (Germany), Terumo Medical Corporation (Japan), Iartic Systems Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Medtronic (U.S.), Baxter International Inc. (U.S.), and I-Flow Corporation (Kimberly-Clark) (U.S.) to name a few. In 2016, Hospira and iatric systems partnered to deliver smart pump-EMR interoperability to hospitals similarly, in 2012, Baxter has obtained Sigma International, for diversification of its product portfolio around the globe.
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Rising malnutrition around the globe is expected to boost the demand for infusion pumps for clinical nutrition. Technological advancements are playing a major role in the growth of the global advanced infusion systems. Global advanced infusion systems market is in developing stage, several local and international players are actively involved in the development and marketing of advanced infusion systems. In 2015, the volumetric infusion pumps dominated the global advanced infusion systems market due to the increasing demand for volumetric infusion pumps in hospitals, long-term acute care centers, clinics, and ambulatory surgery centers.
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