The global market for infusion pumps was worth almost $7 billion in 2015, growing at an average rate of 2.6% from $6.1 billion in 2010, according to Kalorama Information. The healthcare market researcher’s report, The World Market for Infusion Pumps, covers the market opportunity for the six primary segments of medical infusion pumps: large-volume infusion pumps, ambulatory infusion pumps, syringe infusion pumps, insulin infusion pumps, implantable infusion pumps, and enteral feeding pumps.
“Some areas of the market continue to display strong growth, including insulin infusion pumps and ambulatory enteral feeding pumps,” says Bruce Carlson, publisher of Kalorama Information. “Each segments of the infusion pumps market has shown an increase–each segment experiencing a range of market drivers.”
One key driver of the infusion pump market has been the growth of “smart” pumps and other advanced technologies, according to Kalorama Information’s report. The growth in this technology, wireless capabilities, and advanced connectivity and integration is driving end users to evaluate device inventory and slowly integrate advanced devices, the report found.
The World Market for Infusion Pumps further explores the trends impacting the future of the infusion pump market, including world demographics, increasing life expectancy worldwide, the growing incidence of disease, steady surgical procedure volumes, the reduction of medication errors with new infusion pumps, home infusion trends, and connectivity solutions and wireless networks. Infusion pump rentals and leasing, the reduction of hospital inpatient lengths of stay and increases in home health care, and medical device growth in emerging markets are other issues explored in Kalorama Information’s report.
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