Market Trends of Veterinary Infusion Pumps Industry
Large Volume Infusion Pumps is Expected to Hold a Significant Share in the Studied Market Over the Forecast Period
- Large-volume infusion pumps are expected to hold a significant share of the veterinary infusion pump market over the forecast period, driven by their increasing use for delivering fluids to animals during a blood transfusion, administering parenteral nutrition, and in emergency conditions. These pumps can be manually operated or automatic and categorized based on weight, technology, accuracy, flow rate, battery life, and type of infusion (continuous, intermittent).
- For example, a recent study published in May 2022 in the MDPI journal investigated the cardiopulmonary effects and pharmacokinetics of dexmedetomidine (DEX) used as an adjunctive analgesic for regional anesthesia of the oral cavity with levobupivacaine in anesthetized dogs. During the procedure, Ringer's lactate solution was infused with an infusion pump at a rate of 5 mL/kg/hour. After the procedure, intravenous fluid therapy was administered at a rate of 2 to 6 mL/kg/hour until discharge.
- The rising importance of fluid distribution achieved swiftly by large-volume infusion pumps is expected to drive the growth of this segment over the forecast period. Additionally, the emergence of animal diseases worldwide is anticipated to adopt large-volume infusion pumps further. For example, a September 2022 article published in Frontiers demonstrated the prevalence of Brucellosis in the cattle population, especially small ruminants, through serological surveys in India. Therefore, the rise in venereal diseases in the veterinary population is likely to drive the adoption of large-volume infusion pumps in the coming years.
- Moreover, technological advancements in large-volume infusion pumps are expected to contribute to the growth of this segment. For instance, in February 2021, B. Braun Medical Inc. was awarded "2021 Best in KLAS for Traditional Smart Pumps" for its infusomat space large volume pump based on side-by-side performance comparisons and feedback from healthcare providers across the United States.
- Overall, the studied segment is expected to witness growth over the coming years due to the increasing prevalence of animal diseases and the rising demand for large-volume infusion pumps.
Understand The Key Trends Shaping This Market
Download Sample
North America is Expected to Holds a Significant Share of the Market and it is Expected to do the same Over the Forecast Period.
- North America is expected to hold a major market share due to the rising number of animal diseases and growing pet adoption. According to the North American Pet Health Insurance Association in 2021, the basic annual expenditure for dogs and cats includes USD 458 for dogs and USD 201 for cats. Such high expenditure on a pet coupled with a rising focus on their health will lead to the adoption of veterinary infusion pumps during the surgeries. Hence, all these factors are found to create high growth opportunities for infusion pumps in the North American region.
- Furthermore, the launch of veterinary hospitals in the studied region is expected to increase market growth due to an increase in the utilization of veterinary infusion pumps. For instance, in May 2022, the University of Florida Veterinary Hospital at World Equestrian Center in Ocala opened to provide patient care to horses and small animals located on-site as well as from the local community. In addition, according to data from the National Institute of Statistics and Geography (Spanish: Instituto Nacional de Estadística, Geografía e Informática (INEGI)), as of the year 2021, more than 17.7 million dogs are kept as pets in Mexico.
- Additionally, 70% of Mexican families, or roughly 21 million households, have at least one pet. The same source has indicated that Mexico has one of the world's largest rates of dog adoption. Hence, with the high adoption of dogs across the country, the market for healthcare concerned with dogs is significantly high. This can potentially increase the market growth over the forecast period.
- Hence, North America is anticipated to witness growth over the forecast period due to the increase in the pet population and the rise in demand for infusion pumps in hospitals.
Get Analysis on Important Geographic Markets
Download Sample
