Market Overview:
The global next generation infusion pump market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in infusion pumps. Based on type, the next generation infusion pump market can be segmented into large volume infusion pumps, syringe infusion pumps, and others. The large volume infusion pump segment is expected to account for the largest share of the global next generation infusion pump market in 2018. This segment is projected to grow at a CAGR of 7% during the forecast period from 2018 to 2030. This growth can be attributed to factors such as increasing demand for large volume infusions and growing preference for ambulatory care over hospital-based care among patients suffering from chronic diseases such as cancer and diabetes mellitus (DM). Based on application, the next generation infusion pump market can be divided into hospitals, clinics, and others (including homecare settings).
Product Definition:
A next generation infusion pump is a medical device that administers medications and other fluids to patients through intravenous, or IV, delivery. These devices are often used in hospitals and other healthcare settings to provide critical care to patients. Next generation infusion pumps offer a number of advantages over older models, including more advanced features and greater accuracy. They are also easier to use, which can help improve patient safety. The importance of next generation infusion pumps lies in their ability to provide safer and more efficient care for patients.
Large Volume Infusion Pump:
Large volume infusion pump is used to deliver large volumes of solutions and fluids such as nutrients, drugs, antibiotics and hormones. The usage of these pumps in hospitals has been increasing owing to the benefits offered by them such as ease in administration coupled with high accuracy.
Advancements in infusion pumps have led to its application for home care settings which is expected to be a growth factor for next generation infusion pump market.
Syringe Infusion Pumps:
Syringe infusion pumps are used to deliver a precise dosage of fluid at set times. The Next Generation Infusion Pump (NGIP) market is expected to witness significant growth over the forecast period owing to factors such as increasing geriatric population, rising prevalence of chronic diseases, and growing demand for home healthcare services.
The global syringe infusion pumps market by application was valued at USD 1.6 billion in 2015.
Application Insights:
Based on application, the global next generation infusion pump market is segmented into hospital, clinic and others. The hospital segment dominated the market in 2017 owing to increasing number of patients suffering from respiratory diseases at a global level. According to WHO, around 3-5 million people die every year due to lung cancer and other respiratory related diseases. This fact has increased the demand for advanced pumps that can deliver precise amount of medication without any error factor. Thus, major players are focusing on developing next generation pumps with enhanced accuracy and precision for better healthcare delivery system at a lower cost as compared to conventional infusion sets currently used in clinics & hospitals worldwide.
The Clinic segment is expected register significant growth over the forecast period owing to growing awareness about NGTI among clinicians across various countries including U.S., China Japan etc.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high awareness levels regarding advanced medical devices, and increasing R&D activities by key companies are some of the major factors responsible for this dominance. Moreover, growing preference for home infusion therapy due to various benefits associated with it such as ease of use and portability is expected to further fuel the regional growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income coupled with improving healthcare facilities in emerging countries such as China and India. Furthermore, government initiatives encouraging people towards adopting next generation infusion pumps are also expected drive regional demand during 2018 - 2030 time frame.
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is expected to drive the demand for infusion pumps in the coming years.
- Technological advancements: The infusion pump market is witnessing rapid technological advancements, with new products being launched regularly. This is likely to boost the growth of the market in the coming years.
- Growing demand for homecare: There is a growing demand for homecare across the world, as patients prefer to be treated at home instead of hospitals or clinics. This is expected to drive the growth of Next Generation Infusion Pump market in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Next Generation Infusion Pump Market Research Report
By Type
Large Volume Infusion Pump, Syringe Infusion Pumps, Others
By Application
Hospital, Clinic, Others
By Companies
Ivenix, Zyno Medical, B. Braun Melsungen, Baxter International, F. Hoffmann-la Roche, Johnson & Johnson, Pfizer (Hospira), Smiths Medical, Chemyx, Cerner
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Next Generation Infusion Pump Market Report Segments:
The global Next Generation Infusion Pump market is segmented on the basis of:
Types
Large Volume Infusion Pump, Syringe Infusion Pumps, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ivenix
- Zyno Medical
- B. Braun Melsungen
- Baxter International
- F. Hoffmann-la Roche
- Johnson & Johnson
- Pfizer (Hospira)
- Smiths Medical
- Chemyx
- Cerner
Highlights of The Next Generation Infusion Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Large Volume Infusion Pump
- Syringe Infusion Pumps
- Others
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Next Generation Infusion Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Next Generation Infusion Pump is a medical device that helps to increase the flow of blood and other fluids through the body. It is often used in hospitals to help patients receive treatments quickly.
Some of the major players in the next generation infusion pump market are Ivenix, Zyno Medical, B. Braun Melsungen, Baxter International, F. Hoffmann-la Roche, Johnson & Johnson, Pfizer (Hospira), Smiths Medical, Chemyx, Cerner.
The next generation infusion pump market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Next Generation Infusion Pump Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Next Generation Infusion Pump Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Next Generation Infusion Pump Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Next Generation Infusion Pump Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Next Generation Infusion Pump Market Size & Forecast, 2020-2028 4.5.1 Next Generation Infusion Pump Market Size and Y-o-Y Growth 4.5.2 Next Generation Infusion Pump Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Large Volume Infusion Pump
5.2.2 Syringe Infusion Pumps
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Next Generation Infusion Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Next Generation Infusion Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Large Volume Infusion Pump
9.6.2 Syringe Infusion Pumps
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Large Volume Infusion Pump
10.6.2 Syringe Infusion Pumps
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Large Volume Infusion Pump
11.6.2 Syringe Infusion Pumps
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Large Volume Infusion Pump
12.6.2 Syringe Infusion Pumps
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Large Volume Infusion Pump
13.6.2 Syringe Infusion Pumps
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Next Generation Infusion Pump Market: Competitive Dashboard
14.2 Global Next Generation Infusion Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ivenix
14.3.2 Zyno Medical
14.3.3 B. Braun Melsungen
14.3.4 Baxter International
14.3.5 F. Hoffmann-la Roche
14.3.6 Johnson & Johnson
14.3.7 Pfizer (Hospira)
14.3.8 Smiths Medical
14.3.9 Chemyx
14.3.10 Cerner