High Number of Diabetic Patients to Make Developing Nations Potential Market for Infusion Pumps, reports TMR The global infusion pumps market is fragmented with around 70 players worldwide. Yet, the top three players have been successful in creating a strong consumer base and accounted for 48.2% of the market in 2012. Leading players in the market are: CareFusion Corporation, Hospira, Inc., Baxter International, Inc., B. Braun, Smith Medical, and Fresenius Kabi AG, and Medtronic, Inc. The competitive rivalry in each segment is high as players focus on particular segment. The wellestablished players have achieved technological advancements in networkability, wireless data transmission, and advanced drug library, states a new report by Transparency Market Research (TMR). The threat of substitutes is expected to be low even though fluid rate-flow regulators and clamps are substitutes for infusion pumps. This is because these substitutes have several disadvantages such as high error rates and flow rates and inability to deliver potent drugs. According to the report, the global infusion pumps market is expected to be worth US$7.7 bn by the end of 2019. On the basis of product, the market is expected to be led by the large volume infusion pumps segment. By 2019, the large volume infusion pumps segment is expected to account for 34.8% of the market.
North America to Lead Infusion Pumps Market owing to Growing Geriatric Population On the basis of application, the clinical nutrition segment is expected to lead and account for 30.0% of the market by 2019. By geography, North America is expected to lead in the market and be worth US$ 3,323.2 mn by 2019. The rising obese and geriatric population in North America are fueling the demand for infusion pumps in the region. In this region, infusion pumps are used to deliver other medications, besides their use for treating chronic pain. As per Section 3025 of the Affordable Care Act, hospitals are penalized for excess readmissions. Thus, there is a rise in the demand for home infusion pumps as hospitals try to shorten the hospitalization period. Advancements and Innovations in Infusion Pumps to Drive Demand Technological advancements are playing a major role in the growth of the infusion pumps market. Players in the market are focusing on developing innovative products to gain a competitive edge. The advent of advanced infusion pumps is helping doctors to program and calculate dose delivery rates in a more efficient manner, enabling them to provide better patient