Market Overview
The Global Drug Delivery Infusion System Market Market is valued at US$ YY Mn in 2017 and is expected to grow at a CAGR of 5.5% over the forecast period to reach a US$ YY Mn by 2029.
A Drug Delivery Infusion pump is a medical device, used to deliver fluids into a patient’s body in a controlled manner. Infusion pumps can deliver fluids in large or small amounts, and can be used to deliver nutrients or medications, such as insulin or hormone-related, antibiotics, chemotherapy drugs, pain relievers etc.,
An increase in US market value for drug delivery infusion devices plays a vital role in the global market, due to expensive safety-enhancing pumping instruments and needleless technologies used in injection/infusion therapy. Robust and increased suppliers for imfusion pumps in the U.S. are:
- CME America—products (distributed in the U.S. by B. Braun Melsungen)
- Hospira—products include the GemStar line of color-coded, compact, application-specific instruments
- Moog—products (distributed in the U.S. by B. Braun Melsungen) include the Curlin 6000 CMS ambulatory infusion pump
- 4.5% Smiths Medical—products include the CADD line of infusion systems
- WalkMed Infusion—products include the WalkMed line of infusion systems
Most of the major players have such increased supplies in Europe and the Asia Pacific, boosting the global market for drug delivery infusion systems market
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Market Dynamics
- The increase in technological advancement in the infusion pump is expected to boost the global drug delivery infusion system market.
- The increasing approval from regulatory bodies for including software to an infusion pump for better safety and comfort to patients. For instance, in May 2018, Baxter International Inc., a leader in innovative technology for medication delivery, has received the FDA clearance for Spectrum IQ Infusion System with Dose IQ Safety Software. The Spectrum IQ system is the first-of-its-kind designed specifically for bi-directional electronic medical records (EMR) integration with new exclusive features to help ensure the correct medications and fluids are delivered to the patient.
Market Segmentation
- By Product Type
- By Application
- By End-User
- By Region
By Product Type – Volumetric pumps
- Volumetric infusion pumps are used to provide safe and accurate delivery of intravenous fluid products to a patient.
- Volumetric infusion pumps can deliver various types of intravenous products, such as medications, blood products, and parenteral nutrition.
- These systems accurately administer fluids, drugs, and blood products up to 1,000 ml from a bottle or bag at a flow rate of 0.1-1,000 ml/hour. Most of these systems pump fluids with a normal flow rate of 5 ml/hour.
Geographical Analysis – Asia Pacific
The increase in the prevalence of Parkinson’s disease is driving the Asia Pacific drug delivery infusion system market.
In 2017 the prevalence of Parkinson’s disease in India was around 300-400 out of 100,000, which is expected to more than double by 2030. The increasing use of infusion pumps for drug delivery is driving the Asia Pacific drug delivery infusion system market.
In December 2018, Vikram Hospital associated with Britannia Pharmaceuticals have introduced Apomorphine in India. Apomorphine is recommended for patients with Parkinson’s Disease. Apomorphine is available both as injections and infusion pumps.
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Competitive Landscape
Drug Delivery Infusion System Vendors are focusing to form research partnerships with universities and research associations for product innovation
Vendors are focused on improving geographical outreach by signing sales and distribution agreements or through the establishment of subsidiaries
Vendors can completely buy out or acquire Drug Delivery Infusion System products from smaller companies by exchanging a price value among the involved parties.
Trending Topic’s
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