Future Market Insights
The demand within the global market for next-generation infusion pump has been rising on account of advancements in the field of healthcare and patient safety. The utility served by next-generation infusion pumps has played a key role in the growth of the global market. Moreover, the ease of operation for next-generation infusion pumps has also emerged as a key dynamic of market growth. Several new and old vendors have lately emerged in the global market for next-generation infusion pump which has in turn fortified market growth. It is expected that the surge in the amount of investments in the healthcare industry would give an impetus to market growth. It is also legit to project that advancement in product testing and design would give birth to improved technologies within next-generation infusion pumps.
Hospitals and healthcare centers have become extremely accepting of various types of next-generation infusion pumps. This factor is projected to bring in voluminous revenues into the global market. Moreover, the healthcare fraternity has instituted key changes with regard to administration of medications and patient safety. These changes have been instrumental in propelling demand within the global next-generation infusion pump market.
Based on geography, the next-generation infusion pump market in Asia Pacific is attracting a stellar consumer base. This is because a number of manufacturers of next-generation infusion pumps are based in India, China, and other Asia Pacific nations. The presence of a well-performing healthcare fraternity in Europe shall aid market growth in the region. The expertise of medical professionals in Europe has also aided regional market growth.
Next Generation Infusion Pumps are combination of intuitive user interface, simplicity, state of the art information technology. They are inclined with advanced pumping system which measures flow to improve workflow efficiency and patient safety. Its smartphone like user interface is designed to diminish interpretation and programming errors empowering end user to save time and reduction in pump interactions. Next Generation Infusion Pumps are largely accepted by healthcare professionals because they provide more patient safety and efficacy. The technology used in regular infusion pumps hasn’t kept pace with advancements in healthcare industry. According a report published by institute of medicine in 2007, from year 2005 to 2009, 710 deaths and more than 56,000 adverse events were reported to FDA, most amongst medical technologies, adding more than $2 Bn to annual healthcare cost in US. On other hand Next Generation Infusion Pumps provide enough functionality, flexibility, scalability, affordability and ease of use needed to changing needs of healthcare system, indicating robust growth in Next Generation Infusion Pump market over the forecast period. Next Generation Infusion Pumps attribute high integration between the pump and hospital IT system, reducing errors.Moreover, diverse new technologies like implantable insulin pumps in addition to delivering targeted, consistent medication, increases patient ease as well. The leading market players are focusing on safer operability, minimised chances of product recalls and enhanced product designs, over the forecast period.
Next Generation Infusion Pump Market: Drivers and Restraints
Insulin infusion pumps are dominating the Next Generation Infusion Pump market, however worldwide booming prevalence of diabetes is a key driver for Next Generation Infusion Pump market. Increased R & D initiatives on IV drug administration for malnutrition, cancers, diabetes, AIDS, neurological disorders, gastrointestinal disorders coupled with technological innovation, is anticipated to generate lucrative growth in Next Generation Infusion Pump market. The regular infusion pump market has observed massive bad press in last few years, for diverse risk and concerns over infusion errors, this restraint however, has opened multiple opportunities for Next Generation Infusion Pump manufacturers. Furthermore, lack of sufficient healthcare infrastructure in developing markets is anticipated to impact negatively on Next Generation Infusion Pump market.
Next Generation Infusion Pump Market: Segmentation
Next Generation Infusion Pump market has been segmented on the basis of application, end user, and region
Based on Application, the Next Generation Infusion Pump market is segmented into the following:
Based on end user, the Next Generation Infusion Pump market is segmented into the following:
Ambulatory Surgical Centers (ASCs)
Next Generation Infusion Pump Market: Overview
Next Generation Infusion Pump market is emerging owing to promising discovery of new innovative pumps. Key players in market are focusing on new technologies such as smartphone connected insulin pumps, wearable insulin pumps and implantable insulin pumps, also focusing on accessing secure and immediate access to patient specific infusion pump management information from any mobile device or computer, regardless of Electronic Medical Record integration. Such R&D improvements are making a groundbreaking infusion management platform, indicating transformation in Next generation Infusion Pump Market.
Next Generation Infusion Pump Market: Region-wise Outlook
Geographically, next generation infusion pump market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa.North America and Europe regions are anticipated to contribute maximum market revenue share in Next generation infusion pump marketover the forecast period due to availability of advanced healthcare infrastructure and presence of key players in the regions which are expected to surge the demand fornext generation infusion pumpsduring the forecast period in the above mentioned region. Asia Pacific region as well, is anticipated to witness crucial growth due to growing healthcare infrastructure in the region.Increasing number of mid-sized hospitals are identified to be a major driver to the APEJ market growth.
Next Generation Infusion Pump Market: Key Players
The players leading in next generation infusion pump market include Ivenix, Inc, Zyno medical, B. Braun Melsungen AG, Baxter International, Inc.,F. Hoffmann-la Roche Ltd.,Johnson & Johnson (U.S.),Pfizer (Hospira) Inc., Smiths Medical to name a few.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.