Healthy growth of next-generation IV infusion pumps to be witnessed in the coming years as global market sees a 1.5x increase in revenue by 2025
A comprehensive research report on global next-generation IV infusion pumps crafted by Persistence Market Research stresses on the fact that the global next-generation IV infusion pumps market is expected to witness noteworthy growth during the 2017-2025 assessment period. According to the report, the global next-generation IV infusion pumps market was valued at about US$ 2 Bn in 2016, and the market evaluation witnessed an upward graph to reach a value of around US$ 3.2 Bn in 2025. The global next-generation IV infusion pumps market is poised to show robust growth to move at a 5.4% CAGR throughout the period of assessment 2017-2025.
Large volumetric infusion systems to stay large throughout the forecast period
Large volumetric infusion systems segment by product type is anticipated to witness a significant growth rate during the forecast period 2017-2025, to reflect a CAGR of 6.2%. With this growth rate and based on earlier market estimations of this segment, it is estimated to be valued at about US$ 1.1 Bn by 2025, leading the global next-generation IV infusion pumps market by product type with respect to high market value. The large volumetric infusion systems segment lead the global market since 2012, and can be said that this segment is reaching its maturity phase of the PLC.
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Electronic-ambulatory infusion systems to show high potential
Electronic-ambulatory infusion systems segment by product type is poised to witness robust growth rate during the assessment period. It is projected to grow at a 7.0% CAGR to reach a market valuation to take second position after large volumetric infusion systems. This segment has high growth rate as well as significant market value, thus can be inferred to as an opportunity thrower with high potential in the coming years.
The fastest growing segment among product type segments is the MRI-compatible infusion systems, which is growing at a high value CAGR of 8.3% during the assessment period. However, the segment reflected a low market valuation in 2016, and is estimated to reach US$ 58.3 Mn by 2025.
Asia Pacific to provide higher opportunities to medical device players, especially in large volumetric infusion systems
By geography, the Asia Pacific region is anticipated to grow at a highest growth rate during the assessment period. This region is filled with opportunities to several players involved in the next-generation IV infusion pumps market. Comparatively lower set up costs and availability of cheap labor are two important factors which lure several medical device players in the APAC region. This region is more favorable for large volumetric infusion systems segment by product type. This segment is projected to grow at a high CAGR of 10.4% throughout the period of assessment. By volume and value, this segment has lead the Asia Pacific next-generation IV infusion pumps market in 2016 and by 2025 it is anticipated to maintain its status quo to reflect a high value of about US$ 233 Mn.
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North America region is expected to dominate the global next-generation IV infusion pumps market with respect to market value throughout the 2017-2025 assessment period. The large volumetric infusion systems segment has witnessed high market share of about US$ 380 Mn, but comparatively less growth than APAC. MRI-compatible infusion systems segment by product type is expected to grow at a high CAGR in North America. On the other hand, electronic-ambulatory infusion systems segment is projected to grow at higher CAGR in Europe followed by disposable elastomeric infusion systems.