An infusion pump is a category of pumps that transport fluids such as nutrients and drugs. Software monitors the rates at which the fluids are transported. The software also controls the user interface and pumping mechanism to keep the rate constant, as well as other critical functions such as safety. These pumps are external devices. The pump transports these fluids through arterial, intravenous, and subcutaneous routes.
MARKET SCOPE
The "Global Infusion Pumps Software Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the infusion pumps software market with detailed market segmentation by type, indication and end user. The report provides key statistics on the market status of the leading infusion pumps software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type the market is segmented as, Dose Error Reduction Software, Clinical Workflow Software, Interoperability Software and Others.
- Based on indication the market is segmented as, General Infusion, Pain & Anesthesia Management, Insulin Infusion, Chemotherapy, Enteral Infusion and Others.
- Based on end user the market is segmented as, hospitals, Ambulatory Care Settings, Home Care Settings, Academic and Research Institutes.
MARKET DYNAMICS
Drivers:
- Growing geriatric population across the globe along with increasing prevalence of chronic diseases.
- Increasing number of surgeries across the globe is also expected to spur the market growth.
- Increasing demand for home care and home care infusion system is also expected to fuel the growth of infusion pump software market.
- Technological advancements in infusion pump systems and overall healthcare sector.
Restraints:
- However, issue like frequent product recalls is the restraining factor for the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The infusion pumps software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the infusion pumps software market in these regions.
IMPACT OF COVID-19ON INFUSION PUMPS SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the infusion pumps software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from infusion pumps software market are anticipated to lucrative growth opportunities in the future with the rising demand for infusion pumps software in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the infusion pumps software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BD
- B. Braun Medical Inc
- Baxter
- ICU Medical, Inc
- Medtronic
- Fresenius Kabi
- Smiths Medical
- Terumo Corporation
- F. Hoffmann-La Roche Ltd
- Ypsomed AG