DUBLIN, January 20, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/874w9p/infusion_pump) has announced the addition of the "Infusion Pump Market - Global Forecast to 2020 " report to their offering.
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The global infusion pump market was valued at $7,281.6 Million in 2014. This market is expected to grow at a CAGR of 5.8% during the forecast period to reach USD 10,209.4 Million by 2020.
The growth in this market is mainly driven by the increasing prevalence of chronic diseases owing to the rising geriatric population; increasing use of infusion products in homecare with favorable reimbursement coverage; and technological improvements in infusion products. However, the presence of stringent regulations for product approval and medication errors associated with infusion pump may restrain the growth of the market during the forecast period.
The increasing demand for insulin and ambulatory infusion pump are driving the demand for these pumps during the forecast period. Certain infusion pump enable mobility of patients during their treatment, owing to which they are increasing being preferred in home care application. Moreover, the implementation of government initiatives to reduce the overall healthcare cost associated with longer hospital stays is supporting the use of infusion systems in home care settings.
North America is the largest regional segment of the global infusion pump market. In 2014, North America accounted for the largest share of 48.7% of the market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Asia-Pacific countries (particularly China and India) are expected to offer significant growth opportunities for market players in the forecast period owing to the large patient population, increasing incidence of chronic diseases with changing lifestyles, increasing accessibility to advanced products, improving healthcare facilities, and increasing disposable income of the middle class population.
Companies Mentioned:
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Global Infusion Pump Market, By Product
8 Infusion Pump Market, By Application
9 Infusion Pump Market, By End User
10 Global Infusion Pump Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/874w9p/infusion_pump
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