Increasing Prevalence of Diseases Results in Growth of Global Infusion Pumps Market

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Infusion Pumps Market to Reach US$7.77 bn by 2019 due to Rising Count of Patients Suffering from Cancer Globally A new Transparency Market Research report states that the global infusion pumps market stood at US$5.41 bn in 2012 and is predicted to reach US$7.77 bn by 2019, expanding at a CAGR of 5.30% from 2013 to 2019. The title of the report is, “Infusion Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.” This report studies the state of the global infusion pumps market and tracks present developments to create projections for the growth of the market in the coming years. The forecasting horizon of the report spans from 2013 to 2019. In order to study the global infusion pumps market at multiple levels, the authors of the report have segmented the market into submarkets on the basis of criteria such as application and geography. A holistic competitive study of the market has also been undertaken to help companies understand their current standing in the global infusion pumps market and compare their strategies against those of others in the market.

Revenue is expressed in US$ mn whereas growth has been expressed in CAGR (%). The authors of the report have taken 2011 as a historical year and the base year for the study is 2012. The global infusion pumps market, which stood at approximately US$5.41 bn in 2012, is projected to exhibit a steady CAGR of 5.3%, and rise in valuation to US$ 7.76 bn by 2019. With an alarming increase in the number of people diagnosed with cancer, diabetes, chronic pain, and other conditions and disease, the need to demand for medical devices that can administer drugs in precise dosages to treat such conditions has seen an uptick. The global infusion pumps market has benefited immensely from this and is expected to do so in the next four years as well. As the drug delivery process becomes increasingly automated, ‘smart’ infusion pumps are making their presence conspicuously felt on the market. Patients are expected to opt for more smart pumps in the future as they look for less painful, yet more accurate, safe, and convenient drug delivery systems. The trend of home-based healthcare will provide an additional thrust to infusion pump sales. However, the market has suffered a blow in recent years owing to product recalls, which have put several companies’ reputation at stake. Manufacturing defect-free and rigorously tested infusion pumps has thus become central to sustaining a profitable presence in the global infusion pumps market.


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