2014-02-12 15:13:01 - Infusion Systems Market in Japan 2012-2016 - a new market research report on companiesandmarkets.com
The Japan Infusion Systems market is to grow at a CAGR of 6.69 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for multi-functional infusion systems. The Infusion Systems market in Japan has also been witnessing an increasing application of remote monitoring infusion systems. However, the reducing average selling price of infusion systems could pose a challenge to the growth of this market.
The Infusion Systems market in Japan has been witnessing an increasing preference for home healthcare. Hence, it is difficult for hospitals to arrange for a medical expert to be present with patients all the time to check that the patients are using the systems correctly. Therefore, to manage
the infusion of therapeutic fluids, doctors are increasingly relying on remote monitoring infusion pumps. This is one of the major trends in the Infusion Systems market in Japan at present.
The increase in the prevalence of different chronic diseases such as AIDS and other hormonal disorders in Japan have led to an increase in the demand for infusion systems due to their capacity to deliver multiple functions. Similarly, the critical need for advanced infusion pumps during intensive care, surgery, and post-operative care recovery has increased demand. These multifunctional infusion pumps have proved to be effective in monitoring real-time patient data and managing the infusion of multiple drugs with accurate doses. Hence, the application of these infusion pumps has increased in different customer bases, thereby contributing to the growth of the Infusion Systems market in Japan.
Many vendors from the APAC region countries such as Japan, China, and South Korea offer low-cost infusion systems. This is mainly because of the presence of the regional vendors in Japan that produce cheaper infusion systems. Hence, international players, which offer infusion systems that are more expensive, find it difficult to penetrate further into the Japanese market. Therefore, the competition in the market has increased in terms of price wars and maintaining market share. As a result of the increase in competition, the average selling price of different infusion systems is decreasing. This has a negative effect on the growth of the Infusion Systems market in Japan by reducing the expected revenue generation margin.
The key vendors dominating this space include JMS Co. Ltd., Nipro Corp., and Terumo Corp. The other vendors mentioned in the report are Baxter International Inc., CareFusion Corp., Fresenius Kabi AG, Hospira Inc., ICU Medical Inc., and Medtronic Inc.
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