North America Infusion Pump Systems, Accessories and Software Market – Industry Trends and Forecast to 2029

Market Analysis and Insights

North America infusion pump systems, accessories and software market is driven by the factors such as, rising geriatric population, increase in the prevalence of chronic diseases and growing technological advancements in infusion pump systems which enhance its demand as well as increasing investment in research and development leads to the market growth. Currently, healthcare expenditure has increased across developed and emerging countries that is expected to create a competitive advantage for manufacturers to develop new and innovative infusion pump systems, accessories and software. Increasing use of Artificial intelligence in infusion pumps system as these AI methods, in combination with the latest technologies have the potential to enable the creation and delivery of better management services to deal with chronic diseases is expected to provide various opportunities in the infusion pump systems, accessories and software market. However, the high cost associated with the infusion pumps system and side effects associated with the infusion pumps are expected to hamper the growth for infusion pump systems, accessories, and software market.

North America infusion pump systems, accessories and software market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal. The scalability and business expansion of the retail units in the developing countries of various region and partnership with suppliers for safe distribution of machine and drugs products are the major drivers which propelled the demand of the market in the forecast period.

North America infusion pump systems, accessories and software market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that North America infusion pump systems, accessories and software market will grow at a CAGR of 11.1% during the forecast period of 2022 to 2029.

North America Infusion Pump Systems, Accessories and Software Market Dynamics

Drivers

• Rising geriatric population

With the increasing age comes a reciprocal increase in the elderly patients admitted to the hospitals due to the rising prevalence of the chronic disease. Age is a severe risk factor for any disease progression, since age is an essential parameter that affects fundamental biological mechanisms. Chronic diseases such as cancer enormously occur in the geriatric population, with nearly 60% of cancers occurring in the geriatric populace age group older than 65. Cancer disease is very challenging in the geriatric populace, as due to age factors geriatric populace is already suffering from numerous health-related problems. This indicates the growing demand of infusion pumps from the geriatric populace.

With the ability to deliver fluids in a very small amount in a controlled environment directly to the bloodstream, the demand for infusion pump systems is rising in the healthcare system globally. The increasing need for proper treatment proportionally surges the demand for care, services, and technologies for preventing and treating conditions, including cardiovascular diseases, stroke, cancer, chronic respiratory diseases, and other complications. With the increasing age comes a reciprocal increase in the elderly patients admitted in the hospitals. Thus, the increasing rate of the geriatric population is expected to drive the growth of the infusion pump systems, accessories, and software market.

• Growing technological advancements in temperature management system

The contribution of technological advancements in healthcare and clinical services is being taken out of the confines and made it more accessible. Technological developments in infusion pump results in prevention of medication errors and reduction of patient harm. These advancements result in improving clinical outcomes with a patient monitoring technology to inform and guide clinicians' treatment decisions.

Technology diversifies and plays a role in almost all processes in the healthcare industry, such as the possibility of medication errors exists due to an increase in disease burden, patient registration for data management, and laboratory testing for self-care equipment, making it the next boosting factor for infusion pump systems, accessories, and software market. The innovation and advancement in technology have upgraded the infusion pump systems in all prospects, including advanced features like increased accuracy, mobility, flexibility, and different choice smooth automatic multi-channel. The advancement in technologies brings many advantages towards the efficiency of procedures leading to increased patient safety. Hence, growing technological advancements in infusion pump systems are expected to drive the infusion pump systems, accessories, and software market.

Opportunities

•  Rising artificial intelligence in automated infusion system

Artificial intelligence methods, in combination with the latest technologies, including medical devices, mobile computing, and sensor technologies, have the potential to enable the creation and delivery of better management services to deal with chronic diseases. Smart infusion pumps use Dose Error Reduction Systems (DERS) to help prevent medication errors by checking programmed doses against pre-set limits specific to a drug. If a programmed dose is outside the limits, the pump alerts clinicians and can either require confirmation before beginning delivery (a soft limit) or not allow delivery at all (a hard limit).

Intravenous medications often use standard dose guidelines, and patient characteristics such as weight, height, age, gender, and additional biomarkers are often excluded, because these covariates have complex mathematical relationships with doses. Based on the principles of pharmacokinetics, the Target-controlled infusion (TCI) system can calculate how much the drug has accumulated in the tissue during infusion, adjust the infusion rate to maintain a stable concentration of plasma or interested tissue (usually the brain), and be able to use the best models in the literature combined with the mathematical complexity of patient characteristics. Thus, increasing use of AI in infusion pumps system will act as an opportunity for the growth of the global infusion pump systems, accessories and software market in the forecasted years.

Restraints/Challenges

• High cost associated with procedure and treatment

The cost of the product plays a major factor in the market. The cost associated with treatment for a longer duration is quite tricky for an average-income person to afford. The utilization of critical care and intensive care unit services is increasing worldwide, and its expensive cost is a major concern in the current healthcare system. Patients with chronic diseases such as ARDS are commonly required to have long hospitalizations with frequent monetarization and ventilation usage leading to consuming a significant amount of healthcare resources.

Due to this, most patients who cannot afford a long-term stay get discharged on the initial stages of treatment.  But this increases the possibilities and susceptibilities for new complications in infections which demands additional healthcare resources and treatment. The high cost of the treatment is due to the various checkpoints of the treatment along with the use of high-tech modalities to perform such treatment procedures. The hospital care further adds to the cost of the infusion pumps interventions. As the cost of innovative and advanced infusion pumps is high, the cost of the treatment proportionally gets escalated, due to which high cost associated with the use of the infusion pumps systems is expected to restrain the market growth.

Recent Development

• In February 2021, Mindray Medical announced   launched BeneFusion e series- eSP, eVP, and eDS that provide stable and seamless infusions with a smooth automatic multi-channel relay equipped with SmartAIR technology
• In August 2020, Ivenix, Inc., announced the launch of Epic, an intelligent pump for the prevention of medical errors interoperability. This helps in advancing patient outcomes, clinical quality and operational efficiency in infusion delivery. This results in automated testing, reducing the implementation timeline and resources to synchronize the drug library with the formulary

North America Infusion Pump Systems, Accessories and Software Market Segmentation

North America infusion pump systems, accessories and software market is categorized into nine notable segments which are based on product type, application, type, usage, infusion method, infusion type, operation type, end user and distribution channel. The growth among segments helps you analyses niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Product Type

On the basis of product type, the North America infusion pump systems, accessories and software market is segmented into infusion pump systems, infusion pump accessories and infusion pump management softwares.

• Infusion Pump System
• Infusion Pump Accessories
• Infusion Pump Management Softwares

Application

On the basis of application, the North America infusion pump systems, accessories and software market is segmented into general infusion, pain and anaesthesia management, insulin infusion, enteral infusion, chemotherapy, pediatrics/neonatology, hematology, gastroenterology and others.

• General Infusion
• Pain And Anesthesia Management
• Insulin Infusion
• Enteral Infusion
• Chemotherapy
• Pediatrics/Neonatology
• Hematology
• Gastroenterology
• Others

Type

On the basis of type, the North America infusion pump systems, accessories and software market is segmented into traditional infusion pumps and specialty infusion pumps.

• Traditional Infusion Pumps
• Specialty Infusion Pumps

Usage

On the basis of usage, the North America infusion pump systems, accessories and software market is segmented into into disposable and reusable.

• Disposable
• Reusable

Infusion Method

On the basis of infusion method, the North America infusion pump systems, accessories and software market is segmented into intravenous, arterial, subcutaneous and epidural.

• Intravenous
• Arterial
• Subcutaneous
• Epidural

Infusion Type

On the basis of infusion type, the North America infusion pump systems, accessories and software market is segmented into continuous infusion and intermittent infusion.

• Continuous Infusion
• Intermittent Infusion

Operation Type

On the basis of operation type, the North America infusion pump systems, accessories and software market is segmented into syringe pump, elastomeric pump, peristaltic pump, multi-channel pump and smart pump.

• Syringe Pump
• Elastomeric Pump
• Peristaltic Pump
• Multi-Channel Pump
• Smart Pump

End User

On the basis of end user, the North America infusion pump systems, accessories and software market is segmented into hospitals and clinics, home healthcare, ambulatory and surgical centers and others.

• Hospitals And Clinics
• Home Healthcare
• Ambulatory And Surgical Centers
• Others

Distribution Channel

On the basis of distribution channel, the North America infusion pump systems, accessories and software market is segmented into direct tender and retail sales.

• Direct Tender
• Retail Sales

Infusion Pump Systems, Accessories and Software Regional Analysis/Insights

The infusion pump systems, accessories and software is analysed and market size insights and trends are provided by product type, application, type, usage, infusion method, infusion type, operation type, end user and distribution channel as referenced above.

The countries covered in the infusion pump systems, accessories and software report are U.S., Canada and Mexico.

U.S. is expected to dominate due to increase in technological advancement in the developing areas.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Infusion Pump Systems, Accessories and Software Share Analysis

North America infusion pump systems, accessories and software competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on infusion pump systems, accessories and software market.

Some of the major players operating in the market are B. Braun Melsungen AG, Baxter, Fresenius Kabi (a subsidiary of Fresenius SE & Co. KGaA), BD, Medtronic, F. Hoffmann-La Roche Ltd, ICU Medical, Inc., Ypsomed AG, Nipro Europe Group Companies, Moog, Inc., AngioDynamics, Teleflex Incorporated, Shenzhen ENMIND Technology Co., Ltd., Halyard Health (a subsidiary of Owens & Minor Inc.), ZynoMed.com, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Terumo Medical Corporation, Care Everywhere LLC, ZOLL Medical Corporation, among others.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, North America Vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.

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