Navigation Links
Transformed Interoperable Smart Pumps Improve Patient Compliance and Market Potential
Date:10/1/2013

MOUNTAIN VIEW, Calif., Oct. 1, 2013 /PRNewswire/ -- Advancements in pump technology, especially in terms of specialized functionalities such as infusion rate detection and dosage mismatch alerts, sustain the mature, replacement-intensive infusion pumps market in the U.S. In particular, the ambulatory and insulin pump segments are poised for significant growth despite reimbursement restrictions and government initiatives to lower overall healthcare costs.

New analysis from Frost & Sullivan's (http://www.medtech.frost.com) Strategic Analysis of the US Infusion Pumps Market research finds the market earned revenue of $3.17 billion in 2012 and estimates this to reach $4.29 billion in 2019. The analysis covers general infusion pumps (volumetric, syringe, ambulatory, enteral pumps and infusion pump accessories) and insulin infusion pumps.

For more information on this research, please email Jennifer Carson, Corporate Communications, at jennifer.carson@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

"Since current smart pumps failed to make meaningful improvements in patient safety due to a lack of additional interfaces and software capabilities, market participants are looking to develop wireless, user-friendly smart pumps to enhance patient compliance and facilitate homecare use," said Frost & Sullivan Healthcare Research Analyst Swathi Allada. "This widens the scope of the infusion pumps market in the U.S."

However, the safety and efficacy of these new technologies are a concern owing to the alarming increase in errors and product recalls, prompting several hospitals to postpone purchases. In addition, the launch of advanced infusion pumps is delayed as regulatory authorities, including the Food and Drug Administration (FDA), take stringent steps to assess the safety parameters of infusion pumps.

The FDA is expected to mandate manufacturers to submit design validations prior to premarket approval. In response, several manufacturers are focusing on product redesign to meet international standards for reliability and risk management.

Building devices with novel software and smart capabilities integrated with electronic medical records, safety alarms and operational logs will reduce medication rates and infusion errors. In fact, with more than half the hospitals in the U.S. using smart pumps, the market is ripe for interoperability.

"Further, vendors must provide multi-disciplinary training on the use of infusion pumps and offer consistent support services to hospitals, including on-site maintenance and trouble-shooting," concluded Allada. "Spreading awareness through promotional campaigns and forming alliances with pharmaceutical companies to create better targeted, compliant solutions will enable manufacturers to capitalize on the large yet untapped market potential."

Strategic Analysis of the US Infusion Pumps Market is part of Frost & Sullivan's Advanced Medical Technologies Growth Partnership Service program, which also includes: Western European Infusion Pumps Market, Western European Endoscopy Devices Market, and U.S. Sterilization Equipment and Sterilants Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

Connect with Frost & Sullivan on social media, including Twitter, Facebook, SlideShare and LinkedIn, for the latest news and updates.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

Strategic Analysis of the US Infusion Pumps Market
NCAF-54

Contact:
Jennifer Carson
Corporate Communications – North America
P: 210.477.2450
F: 210.348.1003
E: jennifer.carson@frost.com

LinkedIn: Transform Health Group
Twitter: @frost_sullivan
Facebook: Frost & Sullivan
http://www.frost.com


'/>"/>
SOURCE Frost & Sullivan
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Netsmarts Focus on Innovation to Help Health and Human Service Providers Span the Spectrum of Care in the Healthcare 3.0 Environment
2. JDRF Announces Research Collaboration with Dexcom, Inc. to Develop "Smart Transmitter" Technology to Accelerate Artificial Pancreas Studies
3. As Smartphone Usage Expands, Survey Says Nurses and Nursing Students Want Mobile Access to Credible Drug Data
4. CVS/pharmacy Mobile App Transforms Smartphones into Digital ExtraCare Cards
5. Study Confirms Daniels Sharpsmart Helps Hospitals Reduce Carbon Footprint
6. Polar Releases H7, a Preeminent Wireless Heart Rate Sensor with Bluetooth Smart
7. RxAlly Member Pharmacies Invited To Become The Preferred Network For Smart Insurance Company Holdings, Inc.
8. WorkSmart MD Announces Expansion of its Synergy Billing Division to Help Community Health Centers
9. iSoneas AsthmaSense Smartphone App Now Free
10. Study Examines Smart Pharma Strategies for Effective Messaging around New Products and the Medical Conditions they Treat
11. Zimmer Launches Smartphone Comeback App Globally
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/18/2019)... ... September 18, 2019 , ... The ... training standards for eating disorder healthcare professionals, announces scholarship offerings for its 34th ... at ChampionsGate in Orlando. Intended for first-time attendees, the financial aid scholarships cover ...
(Date:9/18/2019)... ... 2019 , ... Lake Minnetonka Orthodontics, with locations in Minnetonka, ... Hybrid-Responsive™ website: https://www.lakeminnetonkaortho.com . , The staff of Lake Minnetonka Orthodontics ... with the practice more easily online. Improvements include increased usability, online scheduling, and ...
(Date:9/18/2019)... ... September 18, 2019 , ... Henry Ford e-Home Care has ... Henry Ford’s e-Home Care program. Achieving monthly readmission rates as low as 7%, ... first six months of 2019 by 45% compared with the prior six months ...
Breaking Medicine Technology:
(Date:9/18/2019)... , ... September 18, 2019 , ... DOROT hosts its annual Rosh Hashanah Package delivery ... more than 700 volunteers will be heading out to visit our seniors. , ... The Upper East Side, at Central Synagogue 123 East 55st Street , ...
(Date:9/18/2019)... ... September 18, 2019 , ... A new study by BestPlaces looks at ten indicators to ... the only Federally-mandated right, so other related rights vary widely across the 50 states. ... change an individual's sexual orientation) , Employment , Education , ...
(Date:9/18/2019)... , ... September 18, 2019 , ... ... for the fourth consecutive year. Dr. Scagnelli specializes in general and cosmetic dentistry ... in the 1940’s and has been delivering quality dental care over the past ...
(Date:9/17/2019)... ... September 17, 2019 , ... Milwaukee-area dealership Hall Cars has hosted an annual event each fall ... event, entitled “Drive Out Cancer,” entails that for every vehicle purchased from Sept. 17 to ... event lasts for 50 days, it has also been referred to as, “50 for 50.” ...
(Date:9/17/2019)... ... September 17, 2019 , ... ... Keflezighi and the American Heart Association (AHA)-San Diego Chapter to raise awareness of ... Stroke Walk on Saturday, September 21 in Balboa Park alongside National University System ...
Breaking Medicine News(10 mins):