Market players must invest in advanced technologies to enhance the usability and efficiency of IV infusion pumps. Reduction in medication error has significantly improved the patient outcome, strengthening the growth trajectory of next-generation IV infusion pumps market.
Market players must invest in advanced technologies to enhance the usability and efficiency of IV infusion pumps. Reduction in medication error has significantly improved the patient outcome, strengthening the growth trajectory of next-generation IV infusion pumps market.
The global next-generation IV infusion pumps market, valued at US$ 4 Bn in 2018, will grow at healthy CAGR during 2019-2029. Manufacturers are investing in smart next-generation IV infusion pumps to gain advantage from the variety of patient data generated.
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Demand for IV infusion pumps at in-home care settings is further propelling the growth in the market, compelling the market players to introduce advanced infusion pumps suitable for use at home. Innovative and simplified infusion delivery systems have ramped up competition in the market.
Next-generation IV Infusion Pumps Market: Key Takeaways
- Large volumetric infusion systems will hold a larger market share by the end of 2029 owing to their capability of IV fluid delivery in a controlled and continuous flow.
- The pain management segment will generate major revenue share in the market on the back of the availability of smart infusion pumps specific to pain management solutions.
- Patient-controlled analgesia pumps will witness a surge in demand through 2019-2029 over built-in safety features.
- North America will stay at the forefront during the forecast period in the shadow of increasing cases of surgeries and the growing prevalence of diseases such as diabetes.
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Next-generation IV Infusion Pumps Market: Key Growth Drivers
- The embedded software prevents errors in the administration of the medication, boosting the adoption of next-generation IV infusion pumps.
- Patient data collected by smart IV infusion pumps aid management to make better informed decisions for serious health issues, significantly increasing their demand in the market.
- Technology-enabled real-time guidance about dosing and automatic updating of the drug library is fastening the feedback on drug compliance, creating the scope of growth in the market.
- Growth in demand for ambulatory infusion pumps in the homecare application is acting as a growth lever in the market.
- The rise in prevalence of chronic diseases is surging the adoption of next-generation IV infusion pumps.
Key Restraint to Growth of Next-generation IV Infusion Pumps Market
- Shortfall of trained professionals is slowing down the adoption of next-generation IV infusion pumps, hampering market growth.
The complete next-generation IV infusion pumps market report with detailed market segmentation, 85 illustrative figures, and 40 data tables spread across 227 pages on https://www.persistencemarketresearch.com/market-research/next-generation-IV-infusion-pumps-market.asp
Next-generation IV Infusion Pumps Market: Competition Landscape
Key players in the next-generation IV infusion pumps market are investing in research and development activities to launch new products. Major players in the market are B. Braun Melsungen AG, Baxter International Inc, Summit Medical Products, Inc, iRadimed Corporation and Acromed AG.
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Persistence Market Research study of 227 pages offers actionable insights on the next generation IV infusion pumps. The market analysis is on the next generation IV infusion pumps based on products, applications, end-user and different regions.
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