Infusion therapy is a practice that involves the administration of specialty medications to patients intravenously via injection or catheter. It is prescribed to a patient when his/her condition cannot be treated effectively by oral medications. A special infusion pump can be used for this purpose.
There are different types of infusion pumps which are used to administer fluids, nutrients or medication into the patient’s body in a controlled manner. They are capable of delivering fluids in large or small amounts, and are also used to deliver nutrients or medications such as insulin or other hormones, antibiotics, chemotherapy drugs, and pain relievers. Infusion pumps that are combined with the accessories and the consumables account to the overall infusion therapy devices market in this report. This market is also sometimes referred to as the Medication Management market.
To browse table of contents click below:
http://industryarc.com/Report/96/global-infusion-therapy-devices-infusion-pumps-market.html
One of the key factors for the growth in the infusion therapy device market is the increment in the longevity and consumer spend of the global population, which has risen drastically in the last two decades. The effect of it has been noted in the healthcare segment. The global infusion pumps market alone is expected to increase from around $1.9 billion in 2013, to around $2.7 billion in 2020. The overall infusion devices market is expected to grow at a compound annual growth rate of 5.8% during this forecast period.
The drug delivery market is currently dominated by oral administration, followed by pulmonary, and then injectable, or infusion-based delivery. Both nasal and trans-dermal delivery methods are gaining a considerable amount of traction.
However, though the market for infusion therapies continues to grow but it is very fragmented. Home infusion companies range from a few large national players that offer a wide range of services to many smaller, regional and local companies that offer more specialized services.
The overall infusion market is dominated by prominent manufacturers like CareFusion, Hospira, Braun and others, as per a survey conducted in 2013, and together they currently hold a market share of more than 50% of the total.
The global infusion therapy devices market is closely related to the global injectable drug formulations market. With the increase of more generic products in the market recently, the infusion devices market at present closely follows the generic injectable market trends. Newer technologies like injectable smart sponge, electronically controlled pills, biocompatible and biodegradable hydrogels are being tested for commercial purposes and their arrival can offer better and accurate drug delivery products. Injectable biologics is a key segment which currently drives the growth of injectable drug devices market considerably. They are largely used for the treatment of serious medical conditions. Medication management, infusion data management, data analysis software are all offered by the OEMs to the clients, as the need to maintain databases of patients, drug schedule, drug type, to minimize the risks and reduce fatality rates.
According to a report from IndustryARC, this method would be immensely popular in the coming few years because of the improvements in the technological field. The growth of this particular market looks promising, and the existing players look strong in their position.
Request for the sample data/brochure:
http://industryarc.com/request-a-call.aspx?type=report&cid=96
About Us: IndustryARC is a research and consulting firm that publishes more than 20 reports every month in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact us to find out how we can help you today!
Contact:
Sanjay Matthews
Manager, Client Relationships
IndustryARC
Phone: 1- 614-588-8538
Email: [email protected]
LinkedIn: http://www.linkedin.com/company/industryarc
Facebook: https://www.facebook.com/industryarc
Twitter: https://twitter.com/IndustryARC