DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Latin America Infusion Pump Market - Forecast to 2021" report to their offering.
The Latin American infusion pumps and accessories market is estimated to reach USD 671.9 million by 2021, at a CAGR of 6.6% during the forecast period.
The increasing prevalence of chronic diseases, owing to the rising geriatric population, increasing prevalence of chronic diseases, increasing demand for ambulatory infusion pumps, and technological improvements in infusion pumps are some key factors driving the growth of this market.
However, economic slowdown, stringent regulations for product approval, and the occurrence of several cases of medication errors associated with infusion pumps may restrain the growth of the infusion pumps and accessories market during the forecast period. Product innovations focusing on improving the safety features of infusion pumps are at the center of R&D efforts from leading players in this market.
In 2015, Brazil commanded the largest share of the Latin American infusion pumps and accessories market, followed by Mexico and Argentina. Countries like Brazil and Mexico are likely to grow at lower CAGRs as compared to the Colombian market, which is expected to grow at the highest CAGR during the forecast period.
Growth in the Colombian market is largely driven by the rapidly aging population, increasing prevalence of chronic diseases, increasing healthcare expenditure, and increasing disposable income of the middle-class population in this country.
- B. Braun Melsungen Ag
- Baxter International Inc.
- Becton, Dickinson And Company
- Fresenius Se & Co. Kgaa
- Hospira, Inc.
- Jms Co., Ltd.
- Johnson & Johnson
- Medtronic Plc
- Moog Inc.
- Nipro Corporation
- Roche Diagnostics
- Smiths Medical
- Terumo Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Latin American Infusion Pumps And Accessories Market, By Product
8 Latin American Infusion Pumps And Accessories Market, By Application
9 Latin American Infusion Pumps And Accessories Market, By Patient Care Setting
10 Latin American Infusion Pumps And Accessories Market, By Country
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/2w8rkl/latin_america