ReportsnReports added report on infusion pump software market, geographically, dominated by North America, Europe, Asia Pacific (APAC), & Rest of the World. Asia Pacific market is expected to grow at the highest rate during the forecast period.
The infusion pump software market growing at 7.1% CAGR and reach 1,044 million by 2024 from USD 742 million in 2019 at . 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 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 Asia Pacific infusion pump software market is expected to grow at the highest rate during the forecast period.”
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.
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.
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Infusion pump software indications market driven by general infusion, pain & anesthesia management, insulin infusion, chemotherapy, enteral infusion, and others. General infusion segment held largest share of market in 2018, a trend that is expected to continue during forecast period. Large share of this segment can be attributed to safety and efficacy provided by infusion systems for suitable delivery of medication in patients for various general health conditions.
Breakdown of supply-side primary interviews:
- By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
- By Designation: C-level – 35%, Director-level – 25%, and Others – 40%
- By Region: North America – 20%, Europe – 25%, APAC – 40%, and RoW – 15%
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).
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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.
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