Global Infusion Pump Market to Reach $9.8 Bn in 2017

May 15, 2013

May 15, 2013

Visiongain, a business information provider based in London, UK, predicts that the global market for infusion pumps will likely reach $9.8 Billion by the year 2017, as predicted in their recent publication, Infusion Pumps: Technology and Market 2013-2023.

Visiongain estimates the infusion pumps market will grow steadily to 2023 as there is significant potential for growth and investment, driven by the increasing demand for safer and cost-effective technologies.

The infusion pump market is significantly diverse in its technologies and geographic distribution. It is also highly competitive between industry leaders with continuous product innovation and aggressive pricing schemes to retain market share, while smaller players resort to product building in order to sustain revenues. Each type of company unique market and positioning strategies in an effort to increase market share.

"The infusion pumps market is subject to rapid technological change and product innovation. Recent technological developments show great promise in making infusion pumps accessible to a wider range of patients, particularly wireless 'smart' pumps. Innovation efforts in this market have been focused on developing devices with advanced and practically useful features,” said Rodrigo Gutierrez Gamboa, a healthcare industry analyst in Visiongain.

He noted that the market will continue to be driven by patient demographics and the introduction of innovative technologies in the coming years as clearly evident from the number of devices reported to be in development. Additionally, he said that a demand increase for technologies in the homecare sector will happen as the market evolves and more novel pumps become available. In turn, this will lessen hospital visits and help reduce costs. "In recent years, the infusion pumps market has been restrained by several high profile recalls and safety concerns. High profile recalls in the US have raised concerns in the global market, preventing the market from achieving its full growth potential. However, regulatory authorities are now actively promoting improved regulation of infusion pumps, helping to maintain and deliver safety standards."

Infusion Pumps: Technology and Market 2013-2023 explains trends, opportunities and prospects for infusion pumps as it allows assessment on sales data at overall world market, submarket and national levels. Visiongain’s report includes researching trends and forecasting revenues in leading markets. Countries included in this study are the US, Japan, Germany, France, the UK, Spain, Italy, India and China. The analysis also discusses opportunities and developments for both technological and commercial fields.

As demand increases for reliable infusion systems, it is important that hospitals and other healthcare providers only use properly serviced infusion pumps. AIV is the leading provider for replacement parts and repair services for most leading infusion pumps. Browse through the full line of AIV’s infusion pump parts and services at http://www.aiv-inc.com/iv-infusion-pump-replacement-parts.html.

About the Author

Laura Collier

Laura Collier

Laura Collier has a Bachelor’s Degree in Communications and a Master’s Degree in Business Administration from the University of North Florida. She is the Marketing Manager at AIV, Inc.

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