The global infusion pump software market is anticipated to grow at a significant rate in the near future. An infusion pump is used for the delivery of fluids in the patient’s body. Usually, it delivers nutrients, drugs or medications such as insulin or other hormones, antibiotics, chemotherapy drugs, pain relievers are other fluids that are controlled using these devices. The rate at which the pump needs to infuse the fluid is programmed with the help of software. One of the advantages offered by the device is that the rates and the feeding intervals can be programmed carefully according to the patient’s need.
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The purpose of using software with an infusion pump is to make the delivery process safer and easier. The major driving factors that are driving the infusion pump software market include increasing incidence of diabetes and other chronic diseases which in turn is increasing the acceptance of ambulatory and disposable infusion pumps in-home healthcare. Additionally, the market is also expected to grow owing to the significant development in drug delivery infusion pumps and the patient monitored anesthetic infusion pumps in the near future.
The global infusion pump software market is segmented on the basis of type and end-user. By type, the market is further sub-segmented into dose error reduction software (DERS), interoperability software and clinical workflow. In an attempt to reduce medication errors at the administration stage the manufacturers have introduced smart pumps with medication safety software referred to as Dose Error Reduction Software (DERS). The interoperability software provides the ability to different information technology systems and software applications to communicate, exchange data and use the information that has been exchanged. Infusion pump interoperability has significant benefits such as a pump can send accurate and real-time infusion data to the patient record which will reduce clinical documentation time and the potential for errors.
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The major players in the market include Becton, Dickinson & Co., ICU Medical, Inc., B. Braun Melsungen AG, Baxter International, Inc., and Medtronic PLC. Some major strategies adopted by these companies include mergers and acquisitions, partnerships and collaboration, and product launches. With this, the firms are aimed at increasing their market share and gaining a competitive advantage over competitors. For instance, in May 2018, Baxter International, Inc. received the US FDA clearance for Spectrum IQ Infusion System with Dose IQ safety software. With this launch, the company offers first-of-its-kind software technology and standardized user experience that can support to reduce programming errors and increase patient safety.
Global Infusion Pump Software Market- Segmentation
By Source
- Dose Error Reduction Software (DERS)
- Interoperability Software
- Clinical Workflow
By Application
- Hospitals & Clinics
- Ambulatory Care Settings
- Others (Homecare Settings)
Global Infusion Pump Software Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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