IV infusion pump accessories to soar at a higher rate during the forecast period
The global IV infusion pump accessories market is expected to grow at a steady rate to reach a significant valuation by the end of the assessment period. The IV infusion pump has been consistently expanding since past couple of years. In 2017, the global IV infusion pump accessories market reflected a value of around US$ 1.9 Bn and is expected to reach a valuation of more than US$ 2500 Mn by the end of the year of assessment. The global IV infusion pump accessories market is poised to register a CAGR of 4.5% throughout the period of forecast 2017-2025.
Increasing incidences of life threatening chronic diseases lead to increasing use of infusion systems worldwide. It is estimated that direct and indirect costs of smart infusion solutions will increase over a period of time. Currently, syringe infusion pumps, ambulatory infusion pumps, elastomeric infusion pumps and MRI-compatible infusion pumps are the main advanced products in IV infusion pumps industry as they have shown promising results with less dosage errors. To develop cost effective IV infusion pumps and efficient medical devices, such as ambulatory pumps, MRI-compatible, and software, etc., various governments in developed countries are actively funding research and development activities.
IV infusion sets segment all set to win the race but will it win enough market value?
IV infusion sets segment in the product type category is anticipated to grow at the highest pace during the period of forecast, 2017-2025. The IV infusion sets segment is projected to grow at a stellar value CAGR of 6.1% during the said period thu8s gaining high momentum in the coming years. However, this segment reflects a comparatively low market value than other segments and is the third largest in terms of market valuation. This segment valued at about US$ 350 Mn in 2016 and is estimated to reach a valuation of more than US$ 585 Mn by the end of the year of assessment, 2025.
IV infusion lines segment to cement its lead in the coming years
IV infusion lines segment is anticipated to show higher revenue generation in the years to follow. This segment was the second largest in terms of value during 2012- 2017. This trend is expected to continue till 2024 and by the end of 2025, it is expected to capture the throne with a higher valuation of more than US$ 700 Mn by 2025 end. The IV catheters segment dominated the global market during 2012-2017 period and is expected to lead till 2024. However, it is expected to lose momentum in 2024 when its sales would show a dropping graph owing to which IV infusion lines segment can surpass IV catheters segment by the end of the period of assessment. The IV catheters segment is projected to grow at a CAGR of 3.2%, whereas the IV infusion lines segment is expected to rise at a relatively high CAGR of 4.9% throughout the period of forecast, 2017-2025. The IV infusion lines and IV infusion sets segments are likely to be the most lucrative segments over the period of forecast with high market attractiveness.
Persistence Market Research has unveiled several facets of the IV infusion pump accessories market in its recently published research report titled “IV Infusion Pump Accessories Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. This research report provides incisive market insights and vital acumen and reflects various factors that have contributed to the growth of the global market for IV infusion pump accessories. Along with the past market scenario, a glimpse of the future of the IV infusion pump accessories market is also covered. The forecast analysis is for eight years, from 2017 to 2025. This can assist the reader in slating important strategies based on present market conditions to achieve expansion in the coming years.
A holistic research angle
Research study on IV infusion pump accessories market puts forth a global 3600 perspective. Main geographies across the entire globe are assessed and the trends, developments, opportunities, drivers and challenges in each region and sub region that have an influence over the growth of the market in the respective region are studied to get a clear picture of the global IV infusion pump accessories market. Revenue pockets can be identified with such kind of intense market intelligence which is unbiased in nature and purely market centric thus portraying a global perspective in front of the reader.
Unparalleled research methodology
Persistence Market Research follows a one of a kind research methodology to glean vital and relevant market insights. This research process ensures delivery of statistical data without errors, thus maximizing the accuracy of the research report. Secondary research in combination with primary research gives a clear market understanding based on which key players, market observers and opinion leaders are interviewed to check the reliability of the data and to add other facets of the market. The uniqueness of this research process is the revalidation and re-evaluation of the data that takes place at each step during each interview and is continued till the conclusion of the market research. Based on these vital acumen, key analysis can be drawn and recommendations from domain experts are included in this intelligence report. The multiple cross checking of the data ensures a highly accurate market scenario which can be directly used by the reader to chalk informed decisions.
The research report on global IV infusion pump accessories market covers analysis on key companies dealing with IV infusion pump accessories. Various aspects such as SWOT analysis, key developments, innovations, product portfolio, financials and company overview are included in this section of the report. The reader can gain intelligence on the major players that have a good hold in the market, based on which new strategies can be devised to gain an edge on the competition. The weighted market analysis on global IV infusion pump accessories market delivers value to the reader by providing drinkable insights, ready to use statistical analysis and recommendations without biasness in order to plan future expansion strategies and also to gain stability in the changing dynamics of the global market.