Global Advanced Infusion Systems Market

Posted by ahila on March 21st, 2018

Global advanced infusion systems market is growing at a significant CAGR due to the increasing global prevalence of chronic diseases.  An increase in prevalence and incidence of chronic diseases such as cancer, diabetes etc. is the key factor drives the global advanced infusion systems market growth. In addition, 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 fuel the global advanced infusion systems market over the forecast period. Similarly, increasing use of advanced infusion products in home care owing to favourable reimbursements, visual monitoring, 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 over the forecast period. However, lack of awareness in using advanced infusion systems expected to hinder 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 over the forecast period.

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The advanced infusion systems market has been segmented based on the product type, pumping channel, application, and end user

Based on product type, advanced infusion systems market is segmented into the following:

·        Elastomeric infusion systems

·        Volumetric infusion systems

·        Large volume

·        Small volume pump

·        Disposable infusion systems

·        Patient controlled analgesia pumps

·        Syringe infusion systems

·        Ambulatory infusion systems

·        Implantable infusion systems

Based on pumping channel, advanced infusion systems market is segmented into the following:

·        Single Channel Infusion Pumps

·        Multiple Channel Infusion Pumps

Based on the application, advanced infusion systems market is segmented into the following:

·        Diabetes

·        Asthma

·        Chemotherapy

·        Pain management

·        Clinical nutrition

·        Others

Based on the end-user, advanced infusion systems market is segmented into the following:

·        Hospitals

·        Clinics

·        Home care

·        Ambulatory Surgical Centres

·        Others

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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 centres, clinics, and ambulatory surgery centres. Rising incidence rate of chronic disorders such as diabetes, cancer and increase in geriatric population are drive the growth of advanced infusion systems market over the forecast period. Rising malnutrition around the globe is expected 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 market. Players in the market are focusing on developing innovative products to gain a competitive edge. For instance, in 2013, Terumo launched the Terufusion advanced infusion system, the latest generation of infusion and syringe pumps, which is convenient handling for multiple infusions.