Micro infusion pumps are medical devices used to infuse fluid material such as medical drugs and nutrients into the circulatory system of patient in small and definite amount. The variety of different micro infusion pumps are available and are used in different environment for different purposes. The micro infusion pumps are defined by its capability of delivering an accurate amount of fluids as low as 0.1 ml per hour. The medication or nutrients may be insulin or other hormones, chemotherapy drugs, pain or stress relievers, antibiotics and many others. These micro infusion pumps are generally operated by a skilled professional, and the rate or duration of delivering can be set by using the software interface. In addition, micro infusion pumps are advantageous than conventional techniques, for transporting fluids in definite time, rate, duration, and amount.
Micro Infusion Pumps Market: Drivers and Restraints
The applications of micro infusion pumps are widely adopted by the end-users and the growth of the global micro infusion pumps are majorly driven by increasing number of surgical operations and procedures performed. In addition, the other factors such as rising number of geriatric population, and elevating prevalence of chronic diseases such as cardiovascular diseases, diabetes, and high blood cholesterol are also fueling the growth of global micro infusion pumps market. However, the factors such as strict governmental rules and regulation, scarcity of skilled professionals can hamper the micro infusion pumps market. Moreover, the adverse effects are often associated with the infusion pumps, for instance, Food and Drug Administration (FDA), had received nearly 56,000 reports from a time period of 2005 to 2009.
Micro infusion pumps assist the delivering of small volumes of fluids substance in the patient’s body. The micro infusion pumps are widely adopted for its ability to transport the accurate or defined amount of medication required in patients for continuous or intervals delivering modes. In addition, consistent product launching is also witnessed in the recent years, propelling the growth of global micro infusion pumps market. For instance, Smiths Group plc, on April 2016, had launched Cadd Solis Pain Management System offering wireless communication competence and is compatible with server software for delivering data driven treatments to patients.
Micro Infusion Pumps Market: Region Wise Outlook
Geographically, global medical bath tubs market can be segmented as North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America is anticipated to show the largest market share for micro infusion pumps, followed by Europe, owing to the high disposable income and large elderly population base in this region, gardening the growth of micro infusion pumps market. In addition, proper and favorable reimbursement policies by government sectors attract the people to avail the use of these micro infusion pumps. Asia-Pacific region is estimated to grow at fastest CAGR over the forecast period owing to the increasing research and development and improving healthcare facilities in this region. However, the Middle East and Asia-Pacific shows the stagnant growth during the forecast period due to the lack of awareness among the majority of the population.
Micro Infusion Pumps Market: Key Players
Some of the market participants in the global medical bath tubs market are Baxter International Inc., Beijing KellyMed Co., Ltd., Caesarea Medical Electronics, Canè S.p.A., Cole-Parmer Instrument Company, LLC, Fresenius Kabi AG, Moog Inc., Pfizer Inc., Q Core Medical Ltd., Roche Diabetes Care, Inc., Smiths Group plc, and Terumo Corporation.
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