Saturday, December 14, 2019
Breaking Medical Device Industry News

The Infusion Pump Software Market is Expected to Reach $1288.79 Million by 2026

Saturday, December 14, 2019

The Infusion Pump Software market is expected to reach $1288.79 million by 2026 growing at a CAGR of 9.2% during 2018 to 2026. An infusion pump is a generic pump (syringe, peristaltic among others) that delivers fluids in a medical context, usually the nutrients; drugs are controlled through these devices. The rate of the infusion pump needs to be programmed by software. Infusion pumps are also controlled by software that governs the key aspect of the user Interface controls the pumping mechanism to maintain the prescribed infusion rate and performs key safety functions.

Factors such as rising levels of environmental pollution worldwide, increasing government regulations and initiatives for environmental protection and increasing focus on wastewater treatment are driving the market growth. However, frequent product recalls of infusion pumps are hindering the market growth. Moreover, untapped emerging markets and adoption of specialty infusion systems are the opportunities of travel and expense management software.

On the basis of type, The Dose Error Reduction Software (DERS) segment is expected to dominate the market during the forecast period. DERS functions with the aid of the drug library which is inbuilt with the infusion pump. This software offers advanced safety features for infusion pumps and hence is estimated to grow owing to the increasing number of medication errors using infusion pumps.

Key Questions Answered in this Report:

  • How this market evolved since the year 2016
  • Market size estimations, forecasts and CAGR for all the segments presented in the scope
  • Key Market Developments and financials of the key players
  • Opportunity Analysis for the new entrants
  • SWOT Analysis of the key players
  • Fastest growing markets analysed during the forecast period 

Key Topics Covered:

1 Market Synopsis

2 Research Outline

2.1 Research Snapshot

2.2 Research Methodology

2.3 Research Sources

2.3.1 Primary Research Sources

2.3.2 Secondary Research Sources

3 Market Dynamics

3.1 Drivers

3.2 Restraints

4 Market Environment

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Infusion Pump Software Market, By Indication

5.1 Introduction

5.2 Enteral Infusion

5.3 Pain & Anesthesia Management

5.4 Chemotherapy

5.5 General Infusion

5.6 Insulin Infusion

6 Global Infusion Pump Software Market, By Type

6.1 Introduction

6.2 Clinical Workflow Software

6.3 Dose Error Reduction Software (DERS)

6.4 Interoperability Software

7 Global Infusion Pump Software Market, By End User

7.1 Introduction

7.2 Ambulatory Care Settings

7.3 Hospitals

7.4 Academic & Research Institutes

7.5 Home Care Settings

8 Global Infusion Pump Software Market, By Geography

8.1 North America

8.2 Europe

8.3 Asia Pacific

8.4 South America

8.5 Middle East & Africa

9 Strategic Benchmarking

10 Vendors Landscape

10.1 B. Braun Melsungen AG (B. Braun)

10.2 ICU Medical, Inc. (ICU Medical)

10.3 Baxter International Inc. (Baxter)

10.4 Moog Inc. (Moog)

10.5 Becton, Dickinson and Company (BD)

10.6 Medtronic Plc (Medtronic)

10.7 Fresenius Kabi

10.8 Smiths Medical

10.9 Roche Diagnostics

10.10 Ypsomed AG (Ypsomed)

10.11 Terumo Corporation

10.12 Micrel Medical Devices

For more information about this report visit here.

Medical Device News Magazinehttps://infomeddnews.com
Medical Device News Magazine is a division of PTM Healthcare Marketing, Inc.

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