MMR has published a report on the Infusion Pump Software market on 24th November 2022. As per the “Global Infusion Pump Software Market” report, the total market for Infusion Pump Software was USD 0.7 Bn. in 2021 and is expected to reach USD 1.3 Bn. by 2029.
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Infusion Pump Software Market Scope and Research Methodology
The research report titled “Infusion Pump Software Market” published by MMR presents a detailed analysis of the Infusion Pump Software Market with country-wise market statistics, qualitative insights, and market key player analysis. One of the prime objectives of the report is to provide an assessment of the market potential, market revenue, growth, and business opportunities for the Infusion Pump Software Market in each region. The study includes information about major key drivers, restraints, and opportunities and a detailed analysis of the Infusion Pump Software market share Infusion Pump Software market is segmented based on Type, Application, End User, and Region. The growth amongst these segments will help to analyze the industries and provide the users with a valuable market overview and market insights to make strategic decisions for identifying core market applications. It also includes estimates based on an appropriate set of assumptions and methodologies.
The bottom-up approach has been used to collect the data and analyze the market to figure out the market size by volume and value by mentioned segments. Major Key Players in the Infusion Pump Software market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research involved a study of the top manufacturers’ annual and financial reports, while primary research was done through interviews with company key persons and industry professionals such as experienced front-line staff, CEOs, and marketing executives.
Infusion Pump Software Market Overview
Infusion pumps are devices that deliver fluids such as medicines and nutrients to patients in precise and measured quantities. The software monitors the rate at which fluids are transported. The software also manages the user interface and the pumping mechanism to keep the rate stable, as well as other critical functions such as safety. Global environmental pollution, higher government regulations and initiatives for environmental protection, privatization of environmental testing services, and increased focus on wastewater, are driving growth in the infusion pump software market.
Infusion Pump Software Market Dynamics
The rising demand for smart infusion pumps is the main factor in the infusion pump software market. The need to address IV medication safety has become more pressing than ever in recent years. The infusion pump software in health technology hazards prompted the urgency. On the other hand, the growing number of qualified engineers involved in rigorous software development has enhanced the reliability and safety of products in the infusion pump software market.
The ambulatory pump is an important means of drug delivery in a variety of medical conditions. They are essential in giving analgesics, chemotherapy, TPN infusions, and other infusions to patients in both hospitals and at home. The shift to site-of-care management of chronic illnesses in developed countries to reduce the economic burdens associated with hospital-based management is expected to increase demand for portable pumps in the forecast years. All of these factors contribute to the growth of the infusion pump software market.
Increasingly stringent regulations governing the manufacturing and incorporation of pumps hinder the approval process for new products. This factor is expected to hinder the growth of the Infusion Pump software market. Furthermore, increasing product recalls due to manufacturing flaws are limiting the market growth.
Infusion Pump Software Market Regional Insights
North America dominated the Global Infusion Pump Software Market in 2021 and is expected to continue throughout the forecast period. The current growth of the North American infusion pump software market is primarily because of the home healthcare segment, as well as patients and physicians, who are continually adopting new technologically advanced products for the regular treatment of chronic diseases. Increased patient awareness, the growing prevalence of chronic diseases, the increasing number of operations performed in the region, and the need to control rising healthcare costs all have contributed to significant growth in the region’s infusion pump software market.
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Infusion Pump Software Market Segmentation
By Type:
- Dose Error Reduction Software (DERS)
- Clinical Workflow Software
- Others
By Application:
- General Infusion
- Insulin Infusion
- Pain & Anesthesia Management
- Chemotherapy
- Others
By End-user:
- Hospitals
- Ambulatory Surgical Centers
- Others
Infusion Pump Software Market Key Competitors:
- Agilent Technologies
- Roche Diagnostics
- Baxter International
- Braun Medical Inc.
- Becton, Dickinson, and Company
- Fresenius Kabi
- FLOWONIX MEDICAL INC
- ICU Medical Inc.
- Medtronic
- Merck KGaA
- Q Core Medical Ltd
- Smiths Medical
- Terumo Medical
- Moog
- Hoffmann-La Roche
- Ypsomed
- Micrel Medical Devices
Key questions answered in the Infusion Pump Software Market are:
- What is Infusion Pump Software?
- What is the growth rate of the Infusion Pump Software Market over the forecast period?
- What is the nature of competition in the Infusion Pump Software industry in developed economies and developing economies?
- Who are the key players in the Infusion Pump Software Market?
- Who are the market leaders in Infusion Pump Software in Europe?
- Who are the market leaders in Infusion Pump Software in USA and Canada?
- Who are the market leaders in Infusion Pump Software in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Infusion Pump Software Market?
- Who held the largest market share in the Infusion Pump Software Market?
- What are the factors for the growth of the Asia-Pacific region in the Infusion Pump Software Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Application, End User, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading automation and process control research firm, has also published the following reports:
Intravenous Infusion Pumps Market – The Intravenous Infusion Pumps Market size is expected to reach USD 9.11 Bn by 2029 at a CAGR of 7.9 percent during the forecast period. The rise in the incidence of chronic diseases and the increase in the elderly population are two significant factors driving the growth of the intravenous infusion pump market.
Infusion Pumps Market – The infusion Pumps Market size is expected to reach USD 17.91 Bn. by 2029 at a CAGR of 8.8 percent during the forecast period. The increasing number of surgical operations performed across the world propel the Global Infusion Pumps Market.
Industrial Pumps Market– The Industrial Pumps Market size is expected to reach USD 88.76 Bn by 2029 at a CAGR of 4.3 percent during the forecast period. Increasing demand for energy and fuel across emerging economies and hence, infrastructure advancements in the power generation sector are considered to drive the demand for industrial pumps across the world.
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