A Fast Growing Ambulatory Infusion Pumps Market

The total world infusion pump market will increase to $3.8 billion by 2013, according to a new report from InMedica. As the more established large volume and syringe infusion pumps markets reach saturation, a new market segment is developing. The market for ambulatory infusion pumps is forecast to be the fastest growing of the general-purpose infusion market segments, at 8.1% compound annual growth rate (CAGR).

“By far the largest portion of healthcare expenditure worldwide is on caring for the elderly; this is resulting in concern that the ageing population will increase healthcare costs to unsustainable levels,” comments Kelly Barritt, Market Research Analyst at InMedica. “In an attempt to reduce financial burden, healthcare providers are encouraging long-term treatment outside of the traditional hospital environment, resulting in an increasing demand from the home-care segments. Furthermore, an increasing number of surgical operations such as knee and hip replacements are being performed, driving demand for nerve-block and pain management products. As a consequence, demand for ambulatory infusion pumps is increasing.”

Moreover, as healthcare provisions in the developing regions of Asia improve, the demand for low-cost pain management is expected to increase. Hence, revenue growth for ambulatory infusion pumps in China and India is forecast to grow between 11–12% (CAGR ‘08–‘13).

However, developed markets such as Japan, Oceania and South Korea have been more affected by the global recession, which has resulted in reduced healthcare funds. Hence, the ambulatory infusion pump market in those countries is expected to have lower revenue growth of 5–6% (CAGR ’08–‘13).

Tags: Infusion Pumps, InMedica