-- The global analgesic infusion pumps market is expected to experience significant growth during the forecast period, with a CAGR of 4.4%. The market size was valued at USD 1.17 billion in 2022 and is projected to reach USD 1.72 billion by 2032. The increasing prevalence of chronic pain in the older population, rising demand for pain management during surgical operations, and the increasing number of surgeries conducted worldwide are the primary drivers of the market's revenue growth.
The geriatric population is more prone to chronic pain, which necessitates long-term analgesic therapy, driving the need for analgesic infusion pumps. Therefore, the increasing prevalence of chronic pain among the older population is one of the primary factors driving market revenue growth.
Infusion pumps have been widely used in surgical operations because they can deliver focused pain treatment while reducing side effects. As a result, the use of infusion pumps for post-operative pain management is on the rise. This factor is expected to drive revenue growth of the analgesic infusion pumps market as the demand for focused pain relief in surgical procedures continues to increase.
Get a Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/download-free-sample/6211
Market Segments: -
The analgesic infusion pumps market is segmented based on product type, application, and region. By product type outlook, the market is divided into patient-controlled analgesia pumps, ambulatory infusion pumps, disposable infusion pumps, and others. The patient-controlled analgesia pumps segment is expected to hold a significant share of the market during the forecast period, owing to its ability to provide efficient pain management in patients.
Based on the application outlook, the market is categorized into cancer pain, labor pain, postoperative pain, and others. The postoperative pain segment is expected to grow at a significant rate during the forecast period, owing to the increasing number of surgical procedures globally and the need for efficient pain management during postoperative care.
Geographically, the analgesic infusion pumps market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to hold the largest share of the market during the forecast period, owing to the increasing prevalence of chronic pain and cancer in the region, and the rising number of surgeries being conducted. The Asia Pacific region is expected to witness significant growth during the forecast period, owing to the growing geriatric population and increasing healthcare expenditure in the region.
Strategic developments in the market:
· There have been several strategic developments in the analgesic infusion pumps market in recent years. One of the notable developments is the launch of new products with advanced features to enhance patient comfort and safety. For example, in 2021, Ace Medical Devices introduced a new range of pain management infusion pumps with wireless connectivity, touchscreen interfaces, and drug library options.
· Another strategic development in the market is the focus on partnerships and collaborations to expand product offerings and reach a wider customer base. In 2020, B. Braun Medical Inc. partnered with West Pharmaceutical Services, Inc. to introduce a new line of elastomeric infusion pumps for pain management, which utilize West’s Smart Dose platform to improve patient safety and reduce medication errors.
· Acquisitions and mergers have also been a key strategy for companies to strengthen their position in the market. For instance, in 2020, Avanos Medical, Inc. acquired the thermal therapy business of Zynex Medical Holdings, Inc. This acquisition helped Avanos expand its product portfolio to include non-opioid pain management solutions for patients.
Access Full Report Description with Research Methodology and Table of Contents @ https://www.reportsanddata.com/report-detail/analgesic-infusion-pumps-market
Competitive Landscape:
The analgesic infusion pumps market is highly competitive with the presence of several major players. These players are focusing on various strategies such as mergers & acquisitions, partnerships, and product launches to strengthen their market position.
Some of the major players in the market include Baxter International Inc., B. Braun Melsungen AG, Fresenius Kabi AG, Halyard Health, Hospira Inc. (Pfizer Inc.), Medtronic, Smiths Medical (Smiths Group plc), Terumo Corporation, and Zyno Medical. These players are investing in R&D activities to develop innovative and advanced products and to cater to the changing needs of the consumers.
The market players are also focusing on expanding their geographical reach by entering into partnerships and collaborations with local players. In addition, they are focusing on improving their distribution channels and customer service to ensure customer satisfaction. The market is expected to witness significant growth in the coming years, and these players are expected to continue their dominance in the market by adopting various growth strategies.
Read More About: Drug Eluting Stent Market to Reach USD 12.18 Billion by 2032, Driven by Rising Incidence of Cardiovascular Disorders and Demand for Minimally Invasive Procedures
About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Info:
Name: John W
Email: Send Email
Organization: Report and Data
Address: 40 Wall St. 28th floor New York City, NY 10005 United States
Phone: +12127101370
Website: https://www.reportsanddata.com/
Release ID: 89096654
Google
RSS