US Market for Infusion Therapy Devices 2013 – MedSuite
- Year: 2013
- Scope: 2009-2019
- Region: United States
- Published Date: 03/01/2013
- Pages: 134
- Type: MedSuite
Infusion therapy devices are used for administering fluids or medication directly into a vein. Some disease states are too severe to be treated with oral medications, and must instead be treated intravenously. This is usually facilitated through the use of an intravenous (IV) bag that is connected to a catheter inserted into a vein through plastic IV tubing. Initially, connecting tubing to the catheter inserted into the patient was done by spiking a needle into a connector on the catheter. However, due to concerns over needlestick injuries, the U.S. market has been moving towards the use of needle-free connectors. Connecting the tubing to the inserted catheter is now done primarily using male luer connections and other connectors that can accept blunt cannulas.
In 2012, the market for infusion therapy devices included infusion pumps, intravenous (IV) sets and needleless connectors. These three broad categories are further segmented based on specific distinguishing categories. The segmentation for needleless connectors is based on the different types of displacement available such as positive, negative and neutral displacement. Infusion pumps are segmented in categories based on the type of infusion performed such large volume, syringe, patient-controlled analgesia (PCA), electronic ambulatory and disposable infusion pumps. Finally, the intravenous set market is segmented into broad tubing types such as primary IV, secondary IV and IV extension sets. There are many other accessories that are commonly used during infusion therapy, such as disinfecting caps, 3 way stopcocks and flow controllers. These accessories are not included in the total market value and analysis in this report.
The U.S. infusion therapy device market will be driven by growth in the needleless connector market,
which is expected to increase in value by over 50% during the forecast period.
In 2012, the U.S. market for infusion therapy devices was valued at just under $1.5 billion, a 3.2% increase over the previous year. This market includes infusion pumps, intravenous (IV) sets, and needleless connectors (NLCs). Infusion pumps are further segmented into large volume, syringe, patient-controlled analgesia (PCA), electronic ambulatory and disposable ambulatory infusion pumps. Growth in this market is expected to be driven by strong growth in the needleless connector market as the industry moves towards making procedures completely needle-free, and by growth in the disposable ambulatory infusion pump market as the number of infusion therapies performed in alternate or home care settings increases.
Scope: This report pertains to a forecast period of 10 years (2009 2019) for the U.S.
Identified Strategic Opportunities
Market Overview by Segment & Country
Trend Analysis by Segment & Country
Market Drivers & Limiters
Mergers & Acquisitions
Customer Feedback and Market Monitoring
Main Segments Included:
Large Volume Infusion Pumps
Syringe Infusion Pumps
Patient-Controlled Analgesia Infusion Pumps
Electronic Ambulatory Infusion Pumps
Disposable Ambulatory Infusion Pumps
Intravenous Set Market
Primary IV Sets
Secondary IV Sets
IV Extensions Sets
Needleless Connector Market
Split Septum and Blunt Cannula
Reasons To Buy:
This report analyzes and evaluates the current state of the market including existing and potential markets, product average selling prices, and unit volumes. The report also highlights the opportunities and potential hazards involved, and presents strategies for successfully navigating the market landscape. Furthermore, it seeks to identify the trends and technologies that will affect the future of each market segment and prepares an unbiased critical assessment of such market drivers and limiters based on our bottom up approach, which includes primary and secondary research methods.
Our reports follow an in-depth 9-step methodology which focuses on the following research systems:
- Original primary research that consists of the most up-to-date market data
- Strong foundation of quantitative and qualitative research
- Focused on the needs and strategic challenges of the industry participants
Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.
Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.
Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.
Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.
Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.
Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.
Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.
Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.
Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.