SOURCE: Kalorama Information
October 25, 2010 15:45 ET
Six-Billion Dollar Plus Infusion Pump Market Attracts Competitors
NEW YORK, NY--(Marketwire - October 25, 2010) - The market for infusion pumps has exceeded six billion dollars, which has encouraged over 100 companies to participate in the market, according to a recent report from healthcare market research publisher Kalorama Information. Kalorama's new report, "Infusion Pump Markets (Large Volume, Ambulatory, Insulin, Enteral and Other Pumps)," estimates a worldwide market for infusion pumps of nearly $6.3 billion in 2010.
Infusion pumps are used to infuse necessary fluids, which include medications and/or nutrients, to a patient's circulatory system, often where continuous monitoring and treatment by a nurse or other healthcare staff would be expensive, impractical, or unreliable. According to Kalorama Information, the market will increase just over three percent from last year due to growing competition in the field, declining hospital budgets and government restraints. But growth rates will be higher in specialty areas such as insulin delivery.
"This is a high dollar, low growth market with a lot of competition," said Bruce Carlson, publisher of Kalorama Information. "That should be daunting for new entrants, but in the area of specialty pump markets there is more room for a niche player to develop and market a product."
B. Braun, Care Fusion, Covidien and Hospira are among the large companies participating in this market. Medtronic is an example of a company that participates in the specialty areas of insulin infusion and implantable pumps.
Profiles of key companies, market estimates and forecasts by product segment, as well as information on products and trends in the industry, can be found in Kalorama Information's "Infusion Pump Markets (Large Volume, Ambulatory, Insulin, Enteral and Other Pumps)." The report is available at:
About Kalorama Information
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