Asia-Pacific Market for Infusion Therapy Devices Led by Terumo, JMS and Nipro Medical is expected to reach over $900 million by 2020
According to a new report by iData Research, the Asia-Pacific infusion therapy device market, which includes volumetric infusion pumps, syringe infusion pumps, patient controlled analgesia (PCA) pumps, disposable infusion pumps intravenous (IV) sets, extension sets, needleless connectors and stopcocks, is expected to reach over $920 million by 2020. This growth is driven by the rising use of disposable ambulatory infusion pumps, particularly in the home and alternate care settings.
The disposable infusion pump market will be the fastest growing segment in the Asia-Pacific infusion therapy device market. This market is projected to reach over $110 million by 2020. “Because the alternate care and home care settings tend to be more cost sensitive than the hospital setting, home care and private clinics may be unable to afford expensive capital equipment and instead opt for the less-expensive disposable infusion pump models,” says Dr. Kamran Zamanian, CEO of iData.
Terumo and JMS are the leading competitors in the total Asia-Pacific infusion therapy device market, due to their dominant position in the Japanese infusion therapy market. Other competitors include Nipro Medical, Baxter International and Fresenius, who has invested heavily in the region over recent years and resulted in a strong increase in sales.
South Korean infusion therapy device market is the fastest growing national market in the Asia-Pacific region. The three countries (Australia, South Korea and Japan) possess highly developed healthcare systems that offer comprehensive infusion therapies required by their populations. Areas for growth will be the adoption of new technologies that provide better care and command higher prices.
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The “Asia Pacific Infusion Therapy Devices market” covers South Korea, Japan and Australia. The full reports provide a comprehensive analysis of units sold. market value, forecasts, as well as a detailed competitive market share and analysis of major players’ success strategies in each market and segment.
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