Latin America: Infusion Pumps and Accessories Market Size for Analgesia/Pain Management, By Country, 2014–2021 (USD Million)

Volumetric infusion pumps accounted for the largest share of the Latin American infusion pumps market in 2015. However, the market for insulin infusion pumps is expected to grow at the fastest pace during the forecast period. The increasing prevalence of diabetes, coupled with the growing demand for ambulatory insulin pumps for the management of insulin at home, is expected to drive the growth of this market segment in the coming years. The shift in consumer preference from traditional insulin pumps to tubeless insulin pumps (such as OmniPod) to deliver continuous insulin is also expected to play a pivotal role in the growth of the insulin infusion pumps segment in the coming years.

Among the infusion pump and accessories, the infusion pump accessories segment (comprising dedicated and non-dedicated disposables) is expected to grow at the highest CAGR during the forecast period. Dedicated disposables for infusion pumps accounted for the largest share of the Latin American infusion pump accessories market in 2015. Growth in the dedicated disposable infusion pumps segment is mainly driven by the increasing demand for dedicated disposables in chronic disease management to minimize the risk of non-compatibility of disposables with infusion devices.

The infusion pumps and accessories market, by application, is segmented into cancer, gastroenterological disorders, diabetes, pediatrics/neonatal disorders, pain management, hematological disorders, and other applications. The cancer application segment accounted for the largest share of the Latin American infusion pumps and accessories market in 2015. However, diabetes and pain management applications offer significant growth opportunities in the market due to the increasing number of diabetes patients and increasing number of surgical procedures across the region.

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The Latin American infusion pumps and accessories market, by patient care settings, is segmented into hospitals, home care, ambulatory surgery centers, and others. The hospitals segment accounted for the largest share of the Latin American infusion pumps and accessories market in 2015.

In 2015, Brazil accounted for the largest share of the Latin American infusion pumps and accessories market, followed by Mexico and Argentina. Countries in Latin America, particularly Brazil and Colombia, are expected to offer significant growth opportunities for market players in the forecast period. This is mainly due to the high patient population and rapidly aging population in these countries, high incidence of chronic disease, rising per capita income, and improving healthcare infrastructure in this region.

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The major players in the Latin American infusion pumps and accessories market are Becton, Dickinson and Company (U.S.), Baxter International, Inc. (U.S.), Hospira, Inc. (U.S.), B. Braun Melsungen AG (Germany), Fresenius SE & CO. KGaA (Germany), Medtronic, Inc. (U.S.), Smiths Medical (U.S.), Terumo Corporation (Japan), Moog, Inc. (U.S.), and Johnson & Johnson (U.S.). Other players include Roche Diagnostics (Switzerland), Nipro Corporation (Japan), JMS Co., Ltd. (Japan), Acromed A.G. Medical Systems (Switzerland), KD Scientific (U.S.), Caesarea Medical Electronics (U.S.), New Era Pump Systems, Inc. (U.S.), Micrel Medical Devices SA (Greece), and Zyno Medical (U.S.).