Why is North America the Most Lucrative Region in the Infusion Pumps Market?

North America is commanding the largest share in the global infusion pumps market, followed closely by Europe and other regions. However, in the coming years, developing countries will be seen adopting infusion pumps on a higher scale, while developed countries will already have adopted smart pumps on a large scale. The emerging countries will remain several steps behind due to the lack of internet, wireless connectivity, and telecommunication infrastructure. However, in developed countries, adoption may take a substantial amount of time due to the recently discovered risk of smart pumps being hacked.

The rising adoption of insulin pumps and growing services such as clinics and infusion centers or infusion pharmacies are driving the insulin infusion pumps market in North America. The increased importance given to cost-effectiveness along with patients’ desire to have specialized medical care in or near their residences has led the demand for infusion pumps from infusion centers, nursing centers and geriatric care centers to grow rapidly.

The large underserved casualty infusion patients, particularly in internal medicine, gastroenterology, OB-GYN and renal, are driving the market extensively. Growing connectivity and networking of medical devices is also helping hospitals and patients simultaneously. Patients have more access to wearable and ambulatory infusion devices, which can be monitored remotely by medical practitioners, patients or through wireless connectivity. This has increased the demand for infusion equipment rental services and homecare services especially for elderly patients.

A major trend on the rise is the replacement of existing legacy pumps with new smart pumps connected with electronic medical/health records for reducing administration errors. Countries such as the United States, Canada, and those in Western Europe are largely tech-savvy and infusion pumps will be riding the wearable device wave, which is mounting in these regions of the world.

A large part of North America is observing a high prevalence of chronic diseases resulting in an increased usage of smart pumps; high adoption of ambulatory pumps and well-established healthcare infrastructure are the other characteristics of the region. A few infusion pumps enable the mobility of patients during their treatment, due to which they are being increasingly preferred in home care applications. Moreover, government initiatives to reduce the overall healthcare cost for longer hospital stays is supporting the use of infusion systems in home care settings.

Due to low costs and increased patient compliance, infusion pumps have become the most preferred device for effective pain management in hospitals. They may not prove passable for hospitals needing higher-functionality devices, as the pumps have their limitations such as no dose error reduction software, and cannot store patient data. But they are a cheaper option for many medical therapies as pumps are a valued option especially in the price-sensitive markets.