Infusion Pump Software Market to Grow at 7.1% CAGR and Projected to Reach US$ 1,044 Million by 2024
Apr 9, 2019
New Report added on “Infusion pump software market” focuses on various levels of analysis - industry trends, share of top players, company profiles, together form basic views, analyze competitive landscape, emerging segments of infusion pump software, high-growth regions & their drivers, restraints, challenges, opportunities.
Pune, India - April 9, 2019 /MarketersMedia/ —
The global infusion pump software market is projected to reach 1,044 million by 2024 from USD 742 million in 2019 at a CAGR of 7.1%. Infusion pumps are used in the treatment of chronic disorders for delivering medication like chemotherapy, diabetic. Infusion pimps plays a major role for delivering accurate medication in this disorders. Stationary infusion pumps are used in the hospitals for patients. While using the stationary infusion pumps we cannot move anywhere.
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Growth in the infusion pump software market can be attributed to factors such as increasing incidence of chronic diseases, along with rapid growth in the geriatric population, growing number of surgical procedures performed, rising demand for ambulatory and home care infusion pumps, and technological developments. However, frequent product recalls of infusion pumps may restrain the market to a certain extent.
The analysis of infusion pump software market developments between 2016 and 2018 showed that market players adopted growth strategies such as product launches & approvals, expansions, partnerships, agreements, and collaborations and other developments to strengthen their product portfolios and maintain a competitive position in the infusion pump software analysis market.
Geographically, the infusion pump software market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World. The Asia Pacific market is expected to grow at the highest rate during the forecast period. The high growth in this region can be attributed to the a large population pool, increasing aging population, growing incidences of chronic diseases, increased awareness and accessibility of advanced healthcare facilities, and rising healthcare spending.
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The global infusion pump software market has been segmented into Dose error reduction software (DERS), clinical workflow software, interoperability software and other software. The DERS segment is expected to hold the largest market share during the forecast period. DERS is offered as a part of the drug library incorporated in the infusion pump. This software aids in preventing incorrect dosage of medicine by alerting the clinician via alarm.
The infusion pump software market is segmented into general infusion, pain & anesthesia management, insulin infusion, chemotherapy, enteral infusion, and others. The general infusion segment is expected to take the largest share of this market. The high growth of this segment can be attributed to factors such as the ease and safety offered by infusion pumps software for delivery of medication.
The major players in infusion pump software market include BD (US), B. Braun (Germany), Baxter (US), ICU Medical (US), Terumo Medical (Japan), Fresenius Kabi (Germany), Moog (US), F. Hoffmann-La Roche (Switzerland), Ypsomed (Switzerland), Medtronic (Ireland), Smiths Medical (US), and Micrel Medical Devices (Greece).
Order the Report on “Infusion Pump Software Market by Type (DERS, Interoperability, Clinical Workflow), Indication (General Infusion, Pain & Anesthesia Management, Insulin Infusion), End User (Hospitals, Ambulatory Care Settings) - Global Forecasts to 2024” Now at https://www.reportsnreports.com/purchase.aspx?name=2097903 .
Research Coverage
This report studies the infusion pump software market based on type, end user, indication, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.
Key Benefits of Buying the Report
This report focuses on various levels of analysis—industry trends, market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the infusion pump software market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.
Contact Info:
Name: Mr. Vishal
Organization: ReportsandReports
Address: Tower B5, Office 101, Magarpatta City SEZ, Pune-411013, India
Phone: +1 888 391 5441
Website: https://www.reportsnreports.com/reports/2097903-infusion-pump-software-market-by-type-ders-interoperability-clinical-workflow-indication-general-infusion-pain-anesthesia-management-insulin-infusion-end-user-hospitals-ambulatory-care-settings-glob-ts-to-2024.html
Source: MarketersMedia
Release ID: 500257
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