The new report "Global Infusion Pump System, Accessories and Software Market" is expected to reach USD 14.31 billion by 2024 from USD 9.12 billion in 2016, at a CAGR of 5.8% in the forecast period 2017 to 2024.
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The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Infusion Pump Systems, Accessories and Software Market, By Type (Infusion Pump Systems (Volumetric IP, Syringe IP, Ambulatory IP, Enteral IP, Insulin IP, Implantable IP, Chemotherapy IP, Anesthesia IP), Infusion Pump Accessories (Infusion Administration Sets, Valve Catheters, IV Sets, Needleless Connectors), Infusion Pump Management Software (Asset Management Modules, EMR Modules, Respiratory Monitoring Modules), By Application (General Infusion, Pain and Anesthesia Management, Insulin Infusion, Enteral Infusion, Chemotherapy), By End-User (Hospitals, Ambulatory, Home Healthcare, Clinics), By Geography (North America, Europe, APAC, South America, Middle East and Africa) – Trends and Forecast to 2024
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The major factors driving the growth of this market are increasing demand for ambulatory infusion pumps, rising incidence of chronic diseases, increasing pool of aging population, increasing number of surgical disorders impacting the growth of surgical procedures, and technological development. On the other hand, regulatory framework and product recalls may hinder the growth of the market.
Market Segmentation: Global Infusion Pump Systems, Accessories and Software Market
The global infusion pump system, acces…d software market is segmented on the basis of type, application, end user, distribution channel, and geography.
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The global infusion pump system, accessories and software market is segmented into 3 types, such as infusion pump system, infusion pump accessories, and infusion pump management software. In 2017, the infusion pump accessories segment is expected to dominate the market with a share of ~76.0%.
Infusion pump system market is segmented into volumetric, syringe, ambulatory, enteral, insulin, implantable, chemotherapy, anesthesia. The infusion pump accessories are segmented into infusion administration sets, IV sets, and needleless connectors.
The infusion pump management software is segmented into asset management modules, electronic medical records modules, respiratory monitoring modules and others.
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On the basis of application, the market is segmented into general infusion, pain and anesthesia management, insulin infusion, enteral infusion, chemotherapy and others.
On the basis of distribution channel, the market is segmented into public and private.
On the basis of end users, the market is classified into hospitals, ambulatory, home healthcare, clinics and others. In 2017, the hospital segment is expected to dominate the market and is expected to continue this trend till 2024.
Key Drivers: Global Infusion Pump Systems, Accessories and Software Market
Some of the major factors driving the market for infusion pump system, accessories and software market are increasing demand for ambulatory infusion pumps, rising incidence of chronic diseases, increasing pool of aging population, increasing number of surgical disorders impacting the growth of surgical procedures, and technological development.
Key Points: Global Infusion Pump Systems, Accessories and Software Market
Insulin infusion pump device market is growing with the highest CAGR.
Globally infusion pump accessories are driving the market with highest market share. However, infusion pump management software is growing with highest CAGR.
Infusion administration sets is dominating the infusion pump accessories market.
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