By Andrew Ignatov and Kamran Zamanian, Ph.D., iData Research Inc.
For the last 40 years, intravenous (IV) infusion therapy became as ubiquitous as cots and syringes. In the U.S., for every hospital bed, there are almost 2 electronic IV pumps used. Therefore, over the past few years, this has saturated market. However, this proved to be an arena for steady sales growth for both market leaders and technology innovators. The main challenge facing health care providers and device manufacturers is how to make this therapy safer but also more accessible.