The global Programmable
Infusion Pumps And Catheters Market by Product Type (Volumetric Pumps,
Syringe Pumps, Enteral Pumps, Insulin Pumps, Implantable Pumps, Patient
Controlled Analgesia Pumps, and Pump Accessories), by Modality (Portable and
Stationary), by Application (Oncology, Pediatrics/Neonatology, Pain,
Gastroenterology, Hematology, and Diabetes), by Channel Type (Single Channel
and Multi-Channel), by End User (Hospitals, Ambulatory Clinics, Homecare,
Clinics, and Others), and by Region (North America, Latin America, Europe, Asia
Pacific, the Middle East, and Africa) was valued at US$ 8,365.3 million in
2017, and is projected to exhibit a CAGR of 5.8% over the forecast period
(2018–2026), as highlighted in a new report.
New product launches and
therapeutic advantages, such as dose monitoring, offered by programmable infusion
pumps over manual counterparts are expected to boost the global programmable
infusion pumps and catheters market growth. Moreover, key players in the market
are focused on launching new products in order to enhance their market share.
For instance, in 2018, Baxter International Inc., a company involved in
innovative technology for medication delivery, received approval for Spectrum
IQ Infusion System with Dose IQ Safety Software from U.S. Food and Drug
Administration (FDA). Spectrum IQ system is designed specifically for
bi-directional electronic medical records (EMR) integration, along with
features that assist appropriate dosing of medications to the patient.
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Browse 24 Market Data Tables and
33 Figures spread through 181 Pages and in-depth TOC on global programmable
infusion pumps and catheters market, by Product Type (Volumetric Pumps, Syringe
Pumps, Enteral Pumps, Insulin Pumps, Implantable Pumps, Patient Controlled
Analgesia Pumps, and Pump Accessories), by Modality (Portable and Stationary),
by Application (Oncology, Pediatrics/Neonatology, Pain, Gastroenterology,
Hematology, and Diabetes), by Channel Type (Single Channel and Multi-Channel),
by End User (Hospitals, Ambulatory Clinics, Homecare, Clinics, and Others), and
by Region (North America, Latin America, Europe, Asia Pacific, the Middle East,
and Africa) - Global Forecast to 2026.
Strategic mergers and
acquisitions by key players is expected to support the global programmable
infusion pumps and catheters market growth. For instance, in April 2017, BD
(Becton, Dickinson and Company), a global medical technology company completed
the acquisition of Caesarea Medical Electronics (CME), a global manufacturer of
infusion pump systems. This merger resulted in expansion of company’s home
care, specialty applications, and ambulatory infusion portfolio.
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Report: https://www.coherentmarketinsights.com/market-insight/programmable-infusion-pumps-and-catheters-market-2565
Key Takeaways of the global
programmable infusion pumps and catheters market:
The global programmable infusion
pumps and catheters market is expected to exhibit a CAGR of 8% over the
forecast period. This is owing to increasing research and development
activities by key players and product launches.
Manufacturers are focused on strategic
mergers and acquisitions, as well as raising funds for obtaining product
clearance and product commercialization
North America is expected to be
dominant in the global programmable infusion pumps and catheters market over
the forecast period, owing to product launches and active research and
development activities by key players in the region
Major players operating in the
global programmable infusion pumps and catheters market include, ICU Medical,
Inc., Smiths Group plc., Baxter International Inc., Fresenius Se & Co.
KGaA, Johnson & Johnson, Medtronic plc., Becton, Dickinson and Company,
Terumo Corporation, B. Braun Melsungen AG, and Moog Inc.
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