NEW YORK, NY -- (Marketwire) -- 11/02/12 -- The worldwide market for infusion/medical pumps will show continued growth this year, increasing to $6.7 billion in 2012, reports Kalorama Information in a new study. The healthcare market research publisher estimated likely 2012 sales based on results so far this year and last year's results, as well as interviews with infusion pump makers. Aging world populations, expanding global markets, and new product innovations have driven an average annual growth rate of 3.6% since 2007, according to the report, "The World Market for Infusion Pumps (Large Volume Pumps, Ambulatory Pumps, Insulin Pumps, Enteral Feeding Pumps, Others)."
Infusion pumps are used to infuse necessary fluids, which include medications and/or nutrients, to a patient's circulatory system. They are often used in situations where continuous monitoring and treatment by a nurse or other health staff would be expensive, impractical, or unreliable. They are used for everything from very simple requirements such as rehydration to more complex requirements such as those needed for chemotherapy and pain management. Accuracy and consistency when delivering medications and other fluids are essential due to the possibility of severe consequences.
More than 100 companies participate in the infusion pump market. These include well-known companies such as Abbott, Medtronic, Fresenius, CareFusion, Johnson & Johnson (Animas) and Baxter. However, a number of companies specialize in certain areas. Among these companies are Insulet whose OmniPod delivers insulin without tubing, MRI safe pumps from IRadimed, enteral feeding pumps from Moog and I-Flow home care pumps.
"It's possible for these innovative small players to cede general market leadership to the big players and still participate with intense market efforts in a narrow segment," said Melissa Elder, Kalorama analyst and author of the report. "This is a growing market and new entrants and innovators should be expected as disease incidence unfortunately grows."
There are challenges to the market, health risks to infusion pumps and recent recalls. Still, Kalorama Information expects revenue for existing and new competitors in the market to grow with increased demand and new emerging markets spending on healthcare.
Kalorama Information's report, "The World Market for Infusion Pumps (Large Volume Pumps, Ambulatory Pumps, Insulin Pumps, Enteral Feeding Pumps, Others)," details these trends, forecasts the market for each segment of infusion pumps, and profiles key companies.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog.
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