Press release
Next Generation IV Infusion Pumps Market Estimated to Flourish by 2017 – 2025 : Persistence Market Research
Next generation IV infusion pump or smart infusion pump is a medical device used to deliver the drug to the patients through intra venous route. These advanced version of infusion pumps are really smart and have various features such as Dose Error Reduction Systems (DERS), integration capability with electronic medical record, auto programming, streamlined data documentation, parallel delivery of more than one medicines, ability to decide and deliver clinical dose automatically, user-friendly operational interface for nurses, home use provisioned, patient controlled analgesic medication administration, integrated bar code identification, better cyber security protective measures and password security etc. The demand of such smart devices has been rising since long time as there were multiple incidences of adverse effects due to medical errors. According to a study, IV pumps are directly involved in 35-60% of the 700,000 adverse drug events that occurring in the United States per year. The smart infusion pumps are enabled with medication safety software designed to connect a hospital’s drug information data to infusion devices to monitor, control, and provide reports at the device or system level. Bar code technology integration allows these smart devices to follow the dogma of medication administration, the right drug to the right patient by the right route in the right dose at the right time.The key factor driving the growth of the global next generation IV infusion pumps is growing incidences of diabetes, obesity and cancers globally. Additionally, their safety and effectiveness in terms of medication errors as compared to their earlier versions, possibility of home-use, user-friendly operational platform have attracted the attention of patients and nurses, which has also contributed to the market growth. Additionally, provisions of information technology (IT) capabilities have modified these devices to handle errors, cyber data security and parallel deliveries of medicines, adding to positive growth of the market. The slow adoption rate of smart pumps is currently limiting the growth of the market. The small size hospitals (having less than 100 beds facility) are not much interested to buy smart pump due to their high price. Moreover, the higher demand of human resources, time required for installation, observing post-installation activities to check the accuracy of the device and requirement of dedicated skilled healthcare and IT professionals further declines the rate of growth of the market. Smart pumps are 3-5 times costlier than their non-smart versions and the post-implementation evaluations have reported mixed results.
Global next generation IV infusion pumps market has been segmented on the basis of type of volume of administering liquid, reservoir, specialty, design, end user and region.
Global next generation IV infusion pumps market is fragmented with the presence of a number of manufacturers. Baxter is the leading manufacturer followed by Cardinal Health and Becton & Dickinson.
Geographically, next generation IV infusion pumps market is segmented into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. North America is currently leading the market as around 50% of hospitals of the region have adopted smart pumps. However, Canada has reported almost one third of the adoption rate of US representing a very sluggish market growth. Presently, 65–75% of large volume pumps and 50–60% of syringe pumps in North America are smart. It is the highest smart pumps adoption rate across the world. The technology uptake rate in Europe is very less as compared to North America even when it has been almost a decade since the smart pumps became available initially in the Europe. Many European hospitals have purchased the smart pumps but only few of them have been successful to establish drug libraries with associated dose limits. The key factors responsible for slow adoption rate in the Europe include lack of standardisation of smart devices, less investment due to insufficient funding by government healthcare regulators, hesitancy to adopt new technology, dearth of stark evidences for effectiveness and insufficient promotion by manufacturers. However, due to rising caseload of cancer & diabetes market of smart infusion pumps in Asia Pacific region is estimated to grow. Huge number of malnourished patients will create a demand for clinical nutrition in these areas which in turn will boost growth of the smart infusion pumps market.
The key players in the global next generation IV infusion pumps market include Baxter, Becton & Dickinson Group, Cardinal Health, Hospira, Ivenix, Zyno Medical, B. Braun Medical, Fresenius Kabi, Sigma International.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
A Sample of this Report is Available Upon Request @ http://www.persistencemarketresearch.com/samples/15781
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Request to View Tables of Content @ http://www.persistencemarketresearch.com/toc/15781
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web:www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Next Generation IV Infusion Pumps Market Estimated to Flourish by 2017 – 2025 : Persistence Market Research here
News-ID: 532442 • Views: …
More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…

Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…

US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…

Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Europe
2019 Strategy Consulting Market Analysis | McKinsey, The Boston Consulting Group …
Strategy Consulting Market reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as analyzing and understanding the market trends
Need for strategic planning in highly competitive environment and to develop business capabilities to meet & exceed the emerging requirements are the major drivers which help in surging…
Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The key players covered in this study
McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe…
Digital Strategy Consulting Market is Thriving Worldwide with Deloitte, McKinsey …
A Digital Strategy is a form of strategic management and a business answer or response to a digital question, often best addressed as part of an overall business strategy. A digital strategy is often characterized by the application of new technologies to existing business activity and focus on the enablement of new digital capabilities to their business.
A new report as a Digital Strategy Consulting market that includes a comprehensive analysis…
Strategy Consulting Market 2019: By McKinsey, The Boston Consulting Group, Bain …
This report studies the global Strategy Consulting market, analyzes and researches the Strategy Consulting development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
• McKinsey
• The Boston Consulting Group
• Bain & Company
• Booz & Co.
• Roland Berger Europe
• Oliver Wyman Europe
• A.T. Kearney Europe
• Deloitte
• Accenture Europe
Get Sample Report@ https://www.reporthive.com/enquiry.php?id=1247388&req_type=smpl&utm_source=AB
Market segment by Type, the product can be split into
• Operations Consultants
• Business Strategy Consultants
• Investment Consultants
• Sales and…
Strategy Consulting Market Analysis 2018: McKinsey, The Boston Consulting Group, …
Orbis Research Present’s “Global Strategy Consulting Market” magnify the decision making potentiality and helps to create an effective counter strategies to gain competitive advantage.
The global Strategy Consulting status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Strategy Consulting development in United States, Europe and China.
In 2017, the global Strategy Consulting market size was million US$ and it is expected to reach million…
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This…