Asia Pacific Infusion Pumps Market : Size, Growth, Industry Share, Forecast And Analysis Report By 2027
The Asia Pacific infusion pumps
market is expected to reach US$ 3,114.7 Mn in 2025 from US$ 1,943.5 Mn in 2018.
The market is estimated to grow with a CAGR of 7.0% from 2019-2025.
The
growth of the infusion pumps market is primarily attributed to the growing
geriatric population and increasing rate of obesity. However, high cost of
diabetes care devices and increasing prevalence of type 2 diabetes are likely
to pose a negative impact on the market growth. On the other hand, rising
medical tourism in developing countries is likely to have a positive impact on
the growth of the Asia Pacific infusion pumps market in the coming years.
Infusion
pumps are widely used in geriatric population as it is an improved method to
administer medication/ hormone/ nutrition and others. The number of ageing
people with diabetes is increasing due to increased lifespan and the increased
prevalence of diabetes in the geriatric population in the region and worldwide.
Infusion pump for diabetes provides more flexibility to the patient’s lifestyle
while giving them greater control of the disease. The elderly population is
defined as group of people aged 65 and over. Population ageing is poised to
become one of the most significant social transformations of the twenty-first
century. Across the globe, the number of persons aged 80 or above is projected
to triple by 2050. The approximate population is around 137 million in 2017
which will reach up to 425 million in 2050. The value is expected to increase
to 909 million in 2100, around seven times its value in 2017. With increase in
the number of geriatric population, the prevalence of the chronic diseases has
increased. Therefore, the demand of infusion pumps products are expected to
increase in the forecast period.
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In
2017, the volumetric pumps segment held a largest market share of 43.7% of the
infusion pumps market, by type. The segment is anticipated to witness growth at
a substantial rate of 7.3% during the forecast period. This segment is also
expected to dominate the market in 2025 owing to its benefits of delivering
monitored dosage of medications to the patient. They are being preferred highly
in hospitals as they are able to deliver large amount of fluids or medications.
In
2017, the chemotherapy segment held a largest market share of 36.4% of the
infusion pumps market, by application. The segment is anticipated to witness
the fastest growth rate of 6.8% during the forecast period. This segment is
also expected to dominate the market in 2025 owing to rising incidences of
cancer and increases use of infusion pumps for the administration of
medications, to the cancer patients. The pumps for chemotherapy can be used
both for inpatient as well as outpatient settings, which makes it a preferable
choice for cancer patients.
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In
2017, the hospital & clinics segment held a largest market share of 47.5%
of the infusion pumps market, by end user. The segment is anticipated to
witness the fastest growth rate of 7.4% during the forecast period. This
segment is also expected to dominate the market in 2025 owing to rise in the
number of surgical procedures as well as reimbursement policies which make the
admission process in hospitals a preferred choice.
Some of
the major primary and secondary sources for infusion pumps included in the
report are, Cancer Research Initiatives Foundation (CARIF), Centers for Disease
Control and Prevention (CDC), Clinical Evaluation Report (CER), Food and Drug
Administration (FDA), National Institute for Health and Care Excellence (NICE)
and others.
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